The Funded Trader has announced a key update regarding its crypto payment options through the Migpayments platform.
The Funded Trader has announced a key update regarding its crypto payment options through the Migpayments platform.
The Funded Trader has announced a key update regarding its crypto payment options through the Migpayments platform. As of now, USDT (Tether) will no longer be supported for deposits made via Migpayments. This change may impact traders who have been using USDT as their preferred method of payment.
While USDT is no longer an option on Migpayments, traders still have the ability to fund their accounts using USDC, Ethereum (ETH), or Bitcoin (BTC) through the platform. USDC can be for both the Ethereum and Polygon networks, providing flexibility for users who prefer stablecoins or major cryptocurrencies.
Additionally, The Funded Trader has highlighted that ForumPay, another payment method available for crypto deposits, continues to support a broad range of cryptocurrencies, including USDT, USDC, Bitcoin, and Ethereum, among others. This gives traders more options for funding their accounts, although it’s important to choose the correct coin and network to avoid complications.
The company has issued a clear warning: sending USDT via Migpayments or selecting the wrong network could result in a permanent loss of funds. Unfortunately, if this happens, the funds may not be recoverable, making it critical for traders to double-check their payment details.
As cryptocurrencies continue to play a significant role in the trading world, this update serves as a reminder of the importance of accuracy when handling digital payments. The Funded Trader advises traders to be extra cautious and ensure they’re using the correct network and cryptocurrency when processing payments.
For any questions or concerns about the new payment guidelines, traders are encouraged to reach out to The Funded Trader’s customer support team for assistance.
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The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.
MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
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