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How do I Deposit via USDT (ERC20) on OspreyFX?

Modified on: 2nd February 2024

You will have a 30-day time frame to use the account, be able to deposit up to $2000 and start trading with us before verification is necessary.  


After this period, as soon as you hit the $2000 deposit limit or before initiating any withdrawal, it is mandatory to verify your identity to remove all restrictions and fully enjoy the ability to deposit and withdraw funds without limits. 

Verify my identity now.

Step-by-Step Guide


  • Click on the Deposits on the left panel to get to your deposit page, or click on the Deposit button on the top of your screen.


  • Choose the Deposit Type: USDT (ERC20).


  • Select a Wallet to deposit into.

You can also deposit directly to your Trading Account without creating an internal transfer by tapping on the “Platform” button under the “Add Money To” section.


  • Enter the Amount you want to send.


  • Click Go to Payment.





  • You will receive an address to send your USDT (ERC20) and you will have 15 minutes to submit the funds.

  • If your wallet provider is not able to make use of the QR Code that we present to you, please go ahead and use the copy feature to copy the correct information (address/amount) to complete your deposit request.

  • Suppose your wallet provider limits you on the number of digits after the decimal point within the figure. In that case, you can always round up your deposit request to the limit shown on your wallet provider on our platform. 

    For example, if your wallet provider only allows you to enter 6 digits after the decimal point, you may send 138.409840 from your wallet provider. 




If you deposit via USDT (ERC20), you must withdraw using one of the cryptocurrencies listed in the Withdrawal section. 


  • Your deposit would need to have 3-6 confirmations for you to receive your funds, which may take up to 1-3 hours.

  • You will be able to track your payment once it has been processed by pasting the unique USDT address for your transaction into the search bar. on 

  • Only send USDT (ERC20) to the address displayed on the deposit page.

  • Send to the exact USDT (ERC20) address displayed on the deposit page.

  • Do not save any of the addresses we provide you. A new USDT (ERC20) address is created each time you create a deposit notification.  

  • Check carefully before sending USDT (ERC20) as due to the digital currency protocols, transactions can neither be cancelled nor reversed once sent. 

  • Once your USDT (ERC20) wallet provider sends the transaction to its processing network, the status on the deposit page will update from:


If you have not received the funds after the above time frame, kindly contact us via Live Chat or send us an email on the below email address.


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