Swapping Shiba Inu for Tether: what you need to know
When you want to take profit or preserve the value of Shiba Inu, a stablecoin is the easiest place to go. ROVEN exchange swaps SHIB ERC20 for USDT BEP20 at a fixed rate, with no sign-up and no verification.
Shiba Inu (SHIB) is a popular ERC20 meme token on Ethereum with an enormous supply. USDT BEP20 is the Tether stablecoin on BNB Smart Chain, with fast and cheap transfers.
Why swap SHIB ERC20 for USDT BEP20
A stablecoin holds its dollar value, so USDT BEP20 is a convenient place to lock in profit, pay counterparties and sit out volatility. USDT is convenient for settlements, storage and moving funds between platforms.
Networks and addresses
| You send SHIB ERC20 | You receive USDT BEP20 | |
|---|---|---|
| Network | Ethereum (ERC20) | BNB Smart Chain (BEP20) |
| Address | “0x” + 40 characters | “0x” + 40 characters |
| Network speed | a block comes every 12 seconds | a block comes every few seconds |
| Memo / tag | Not needed | Not needed |
What to watch out for
- Send SHIB on Ethereum, not from Shibarium or BNB Smart Chain, and double-check the number of zeros.
- Make sure your wallet or exchange accepts USDT on BEP20 specifically.
- To send SHIB your wallet needs some ETH to pay the network fee.
- Send the exact amount from the order and do it within 30 minutes, while the locked rate is valid.
How long the swap takes
Swap speed depends on both networks. On Ethereum (ERC20), a block comes every 12 seconds; on BNB Smart Chain (BEP20), a block comes every few seconds. The whole SHIB ERC20 to USDT BEP20 swap usually takes 5 to 30 minutes once your transfer is confirmed.
The current rate is 1 USDT = 200 501.25 SHIB and the minimum amount is 10 000 000 SHIB. Create an order in the form above, and ROVEN exchange will send swap updates by email or Telegram.
