Sending Stablecoins (USDT & USDC) from ByBit to Raenest

Last year, we made it possible for Raenest users to receive stablecoins directly into their accounts. The goal was simple: make getting paid faster and more predictable, especially for freelancers, remote workers, and businesses receiving payments from abroad.

Since then, a lot of our users have started exploring stablecoins to get paid. If you haven’t tried it yet, it’s worth checking out. To help you get started, here’s a guide on how to receive USDT or USDC on Raenest from ByBit.

Why you should receive stablecoins with Raenest

• Enjoy 4 free deposits every month
• You sidestep price swings common in many cryptocurrencies.
• Funds can land in your account in moments without traditional banking delays.
• The stablecoins are immediately converted into USD at a 1:1 rate.

How to send Stablecoins (USDT & USDC) from ByBit to Raenest

Sending stablecoins from ByBit into your Raenest account is simple and secure. Follow these steps to ensure a smooth transfer:

1. Create your Raenest account

Download the Raenest app or visit the Raenest website to get started.

2. Create your stablecoin wallet

Log in to the Raenest app, navigate to the Accounts tab, and select your USD account. If you don’t already have a USD account, you may need to complete a short questionnaire to get started.

Within your USD account, select either USDC or USDT to generate a unique wallet address. This address is where your stablecoins will be sent. Copy this address carefully, it’s unique to your account.

3. Initiate the transfer from ByBit

Log in to your ByBit account and go to the Assets section. From there, navigate to Withdraw and select the stablecoin you want to send (either USDC or USDT). In the withdrawal form, paste your Raenest wallet address as the recipient and choose the blockchain network that matches the address you generated on Raenest. Make sure the Raenest wallet supports the chosen network to avoid issues. Complete the security verification steps (such as email and 2FA confirmation), and submit the withdrawal request.

4. Confirm and send

Enter the amount you want to send and complete the transaction on ByBit. Make sure to double-check the wallet address and network; crypto transactions cannot be reversed.

5. Funds arrival and conversion

Once the transfer is confirmed on the blockchain, your funds will appear in your Raenest account. Transfers typically take 1 to 20 minutes, depending on the network used. Raenest automatically and instantly converts the received stablecoins to USD at a 1:1 rate, so your funds are ready to use immediately.

6. Fees

Currently, the first four stablecoin deposits are fee-free, allowing you to receive funds at no extra cost. Learn more about our fees here.

Whether you’re a freelancer, remote worker, or business owner, using stablecoins like USDT and USDC for payments can improve how you receive, manage, and move funds across borders. Receive payments in stablecoins with Raenest today. Terms and conditions apply.