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145 sats \ 5 replies \ @OT 6 Apr \ on: HELP: transfer USDC to BTC, from Phantom wallet on my Electrum wallet bitcoin_beginners

You will need to swap it for BTC. Have a look at Fixed Float or Trocador App.

Just send the entire amount and enter a BTC receive address from your Electrum wallet.

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1 sat \ 4 replies \ @NeuroNinja OP 6 Apr

For some reason, while transferring to Fixed Float, the Phantom wallet shows insufficient funds error, which is not true since I have funds already in wallet? I am attaching the screenshot here.

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2 sats \ 1 reply \ @OT 6 Apr

Hmmm, I might guess that it's that you don't have any funds of whatever chain the USDC is on. You need some to be able to transfer it.

This is my guess what the issue is.

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1 sat \ 0 replies \ @NeuroNinja OP 9h

I think you are correct, since USDC in my Phantom wallet is on Etherium network, but my ETH balance is zero.

So my next step should be to fund my ETH balance on Phantom, but how can I do it without triggering any purchase from my debit card. I am in a new country and unsure if its safe to transfer money there.

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2 sats \ 1 reply \ @flat24 6 Apr

You may not have enough funds to cover the transaction fee when making the transfer.

On Lnp2pbot, you can also exchange USDC for Lightning Bitcoin—it’s super easy and secure.

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1 sat \ 0 replies \ @NeuroNinja OP 9h

How will it help me in transferring to my Electrum wallet? Sorry for my dumb questions, I am still learning.

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