How to Buy Tether (USDT)?
What is Tether (USDT)?
Tether (USDT) is an innovation in the field of cryptocurrency, which has the feature of converting any fiat currency into the corresponding cryptocurrency.
So, if you transfer dollars to Tether, you will get the same amount of USDT. In other words, there is no difference between the dollar and this cryptocurrency. Also, USD (Tether) can be traded, exchanged, and evaluated as a cryptocurrency.
A cryptocurrency that always costs as much as one dollar. If you think so, you will be right. In one fell swoop, this cryptocurrency manages to eliminate the volatility of other cryptocurrencies like Bitcoin. Moreover, while preserving all other blockchain features and awarding them to the world’s assets.
It should be emphasized that USDT running on the Bitcoin blockchain. It uses what is known as Proof of Reserves. Thus, the tethers cryptocurrency adheres to an almost perfect 1:1 parity with its underlying assets.
Is USDT (Tether) safe?
A lot of rumors are constantly swirling around the USDT, and is it safe? It depends on your opinion. A certain number of people claim that Tether may not be completely secure since it produces tokens out of thin air without a single real demand for USDT.
Moreover, based on the fact that Tether is a bubble and manipulates prices in the bitcoin markets, supporting this by the fact that in the case of a collapse, USDT can remain a useless and irrevocable cryptocurrency.
But in fact, it is difficult to understand where the line between rumors and truth is. But, the following facts about Tether are known:
- Tether is not 100% backed, but it is at least 74% backed.
- Traders reliably evaluate the tether cryptocurrency, despite incomplete backed.
The advantage of cryptocurrency is that traders do not need to recalculate their value relative to traditional money. Also, given the specified cryptocurrency, the following advantages can be distinguished:
- High conversion rate
- The transparency of the system
- Decentralization inherent in the blockchain system
- There is no сommission when transferring USDT between different wallets
- Minimum Commission when converting USD to traditional money
- The security of USDT transmission and storage is provided by cryptographic encryption methods
- The user has access to their money (which they store in USDT) around the clock 24/7
How to buy USDT (Tether)?
Buying Tether (USDT) is like the process of buying other cryptocurrencies. The first method is to purchase Tether using digital wallets that support USDT. You can hold USDT cryptocurrencies on a variety of well-known cryptocurrency platforms. A wallet on the exchange is one of the ways to instantly buy cryptocurrency. To do this, you need to create an account on any platform. Next, you should choose the desired cryptocurrency, i.e. USDT. After that, you will be redirected to a page where you will need to choose a payment method (Visa/MasterCard) and enter the amount of USDT you want to buy (or the amount of money you are going to spend).
After entering the requested information, provided that all the information is correct, your request will be added to the “Waiting” section on the “Transactions “page. After that, you will have to wait for USDT to appear in your wallet.
Many traders prefer this method because it allows you to use the wallet on the exchange. It is also a way to buy USDT with a debit card. However, there are some drawbacks.
- First, there are high fees for depositing money from a debit card.
- Secondly, there are only a few exchanges that provide this method of payment with credit cards.
- Third, the mechanism for buying cryptocurrency on the exchange is quite complex, so you need some time to understand it.
However, it should be noted that you can also use the help of our qualified team, which will advise and help you create a wallet.
The second method is to change one cryptocurrency to USDT via crypto exchanges. Here on the same exchanges, you can purchase the Tether cryptocurrency converting Bitcoin, Ethereum, and other types of cryptocurrencies to the USDT you need.
All of the above methods were mainly focused on buying USDT online. If you prefer to buy Tether in cash, then today you will not find any specialized ATMs. Currently, you can find the seller on a forum (such as Reddit) or on other websites. However, this method is the least reliable, so cryptocurrency enthusiasts and companies have not developed such programs.
The solution to this problem is the Coinsfera platform. Which allows you to purchase Tether in cash in Turkey or Dubai. To do this, you should go to Coinsfera.com
Make an appointment with Coinsfera staff via phone, Whatsapp or Telegram.
Visit our Bitcoinshop in Dubai or In Istanbul (You can find it on Google Maps)
Pay with cash (Dirham(Dubai only) or US Dollars) and get your USDT(Tether).
How to use USDT?
Since, Tether belongs to a new type of cryptocurrency called «stable coins», in which the main goal is to maintain stable valuations of cryptocurrencies. A distinctive feature is the absence of wide price fluctuations for other popular cryptocurrencies, such as Bitcoin and Ethereum. This feature allows you to use it as a medium of exchange and a way to store value, rather than as an investment.
Because Tether specifically belongs to the category of fiat secured stable coins, that is, to a fiat currency such as the dollar, euro, or pound sterling. In other words, Tether should be used as a necessary bridge between fiat currencies and cryptocurrencies. This way, it gives you stability, transparency, and minimal transaction fees. It should be used as storage when you are less than a certain cryptocurrency, converted to Tether. Thus, you are waiting for the cryptocurrency to exit the bearish market. Then, when the market becomes bullish again, you should transfer USDT to the desired cryptocurrency once more.