For traders in the proprietary (Prop) trading space, every dollar saved on fees is a dollar earned. One of the most impactful ways to reduce costs—especially during withdrawal—is by leveraging USDT cryptocurrency instead of traditional bank wire transfers. This guide walks you through a secure, efficient, and budget-friendly method to withdraw profits from platforms like Tradeify, FundedNext, and FTMO using USDT on the TRC20 network, while minimizing fees and maximizing speed.
Whether you're new to crypto or just unfamiliar with the mechanics of digital asset transfers, this step-by-step tutorial ensures clarity, safety, and practicality.
Why Use Cryptocurrency for Prop Firm Withdrawals?
Many Prop Firms charge high wire transfer fees—often between $30 and $1,000—plus long processing times. However, an increasing number now support crypto payouts, particularly in USDT (Tether), offering a smarter alternative.
By switching to cryptocurrency withdrawals, traders can:
- Reduce transaction fees from hundreds to under $5
- Speed up settlement time (often within minutes)
- Maintain greater control over funds
- Avoid intermediary bank delays
🔔 Note: Not all firms support crypto yet. Currently, Tradeify, FundedNext, FTMO, and PropW allow USDT withdrawals. Platforms like Topstep (TS) and Apex Trader Funding do not yet offer this option.
🔐 Critical Security Reminders
Before diving into the process, safety must come first. The crypto space attracts scams, so follow these essential rules:
- ✅ Only use regulated and legally compliant exchanges
- ❌ Never use platforms that require “deposit bonuses” or “verification fees”
- ❌ Avoid anyone promising guaranteed returns or “risk-free profits”
- ❌ Never share your private keys or 2FA codes
Stick to trusted names and treat crypto as a tool, not a speculative gamble—especially when moving profits.
Step 1: Choose a Trusted Cryptocurrency Exchange
To receive and convert USDT into fiat (like TWD), you need a reliable exchange. In Taiwan, two top-regulated options stand out:
- BitoPro – Locally operated, compliant with financial regulations
- MAX Exchange – Officially approved by Taiwan’s Financial Supervisory Commission
👉 Start your secure crypto journey today with a trusted platform.
💡 Pro Tip: Register on both exchanges as a backup. This ensures continuity if one undergoes maintenance or verification delays.
Step 2: Complete KYC Verification
KYC (Know Your Customer) is mandatory for all regulated exchanges. It verifies your identity and helps prevent money laundering.
How to Complete KYC on BitoPro:
- Open the app and go to Account > Identity Verification
- Accept terms and conditions
Upload clear photos of:
- National ID front and back
- Secondary ID (health insurance card or driver’s license)
- Perform facial recognition scan
- Submit and wait 3–7 business days for approval
Once verified, you can deposit, trade, and withdraw without restrictions.
Step 3: Understand Crypto Addresses & Networks
Think of a crypto address like a bank account number—but made of letters and numbers.
- TRC20 addresses start with
T(e.g.,TABC...) - ERC20 addresses start with
0x(e.g.,0x123...)
And the network? That’s like a bank’s routing code.
For low fees and fast transfers, always use:
🟢 TRC20 (Tron Network) — Typically costs less than $1 in gas fees
Avoid ERC20 unless specifically required—it’s more expensive.
Step 4: Get Your USDT Deposit Address on BitoPro
- Tap Assets > Deposit
- Search for USDT
- Select TRC20 as the network
- Copy the displayed address or scan the QR code
- Save it securely (but never publicly)
✅ Confirm: You selected TRC20, not ERC20 or BEP20
Step 5: Withdraw from Your Prop Firm via CoinW
Some firms (like PropW) route withdrawals through third-party exchanges such as CoinW.
Steps:
- Log into your Prop Firm dashboard
- Initiate withdrawal → Choose crypto payout
- Funds will be sent to your linked CoinW account
Then:
- Go to CoinW Assets > Withdraw
- Select USDT
- Choose TRC20 (Tron) as the network
- Click Add New Address
- Paste your BitoPro USDT (TRC20) address
- Label it clearly: e.g., “My BitoPro Wallet”
- Confirm details and submit
⚠️ Always test with a small amount first (e.g., $5 USDT) before large transfers.
Step 6: Convert USDT to TWD on BitoPro
Once USDT arrives in your BitoPro wallet:
- Go to Markets
- Find the USDT/TWD trading pair
- Place a limit sell order at current market rate
- Wait for execution
After sale completion:
- Navigate to Withdraw TWD
- Link your bank account (recommended: Future Bank)
- Enter amount (minimum: NT$100)
- Pay NT$15 handling fee
- Receive funds within 24 hours
💸 Cost Comparison: Crypto vs Wire Transfer
| Method | Avg. Fee | Processing Time |
|---|---|---|
| Traditional Wire Transfer | ~$30–$1,000 | 3–7 business days |
| USDT (TRC20) + Exchange Fee | ~$1–$2 + $2 withdrawal | <1 hour |
Total crypto cost: Under $5, regardless of amount.
That’s a savings of over 95% compared to traditional banking!
👉 Discover how seamless crypto transactions can be—try a secure platform now.
Bonus: Use USDT to Buy Prop Firm Accounts
You can also go full circle—using TWD to buy USDT, then purchasing new challenge accounts with crypto.
Example: Buying on PropW
- Deposit TWD into BitoPro
- Buy USDT at market rate
- Transfer USDT to CoinW via TRC20
- Use balance to purchase a funded account
This avoids international card fees and enables faster checkout.
Frequently Asked Questions (FAQ)
Q: Is withdrawing via USDT safe?
Yes—when done correctly. Always verify addresses, use TRC20, enable 2FA, and avoid public Wi-Fi during transactions.
Q: Why is TRC20 better than ERC20?
TRC20 runs on the Tron network, which has significantly lower transaction fees (often <$1) compared to Ethereum’s ERC20, where gas fees can exceed $10 during peak times.
Q: Can I withdraw directly to my bank using USDT?
Not directly. You must first send USDT to a local exchange like BitoPro or MAX, convert it to TWD, then withdraw to your bank.
Q: How long does USDT take to arrive?
Usually within 1–5 minutes after confirmation on the blockchain (1–3 block confirmations).
Q: What happens if I send USDT to the wrong network?
Mistakes like sending ERC20 USDT to a TRC20 address may result in permanent loss. Double-check the network every time.
Q: Do I need to pay taxes on crypto withdrawals?
In most jurisdictions, yes—profits from trading are taxable. Consult a local tax professional for compliance advice.
Final Tips & Mindset
While crypto offers incredible efficiency, remember:
- 🛑 Don’t treat it as an investment unless you fully understand the risks
- 🧠 Use it as a tool for moving money, not gambling
- 🔐 Prioritize security over speed
- 💡 Stay updated—platforms evolve quickly
As one trader wisely said:
“I don’t touch what I don’t understand—and I have a family to protect.”
True wealth isn’t just about returns; it’s about peace of mind.
👉 Take control of your trading finances—explore secure, low-cost solutions now.
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By adopting this strategy, traders gain more than savings—they gain autonomy, speed, and flexibility in managing their hard-earned profits.