Here’s the easiest way to exchange BNB to USDT instantly with full anonymity! Binance Coin (BNB) is one of the top crypto assets by market cap. For the most part, this popularity stem’s from Binance’s massive scale as an exchange platform. Now, while users can easily exchange BNB to USDT on Binance platform, they will have to compromise on their privacy to do the job. Primarily, Binance requires a much stricter KYC process to authenticate users. On top of that, they will have to comply with multiple governments and share user data with the authorities. Fortunately, HiExchange cuts down all complications by offering a truly hassle-free KYC process. Furthermore, privacy will not come as a luxury sine HiExchange offer the lowest exchange fees. With all that, here is a full guide on how to exchange Binance Coin to Tether USDT in only a matter of minutes.
So, head over to HiExchange, choose Binance Coin (BNB) on the left field and Tether (USDT) on the right one and start your exchange.
What Do I Need to Exchange BNB to USDT?
For this exchange, you will need a crypto wallet to receive USDT. Most likely, your Cardano wallet supports USDT, so you can also receive funds in the same wallet. Make sure that you are using a reliable crypto wallet to hold your assets. On the other hand, for HiExchange platform, all you need is an email address. HiExchange does not require KYC (know your customer) or sign up. However, there are benefits and rewards for those who sign up on HiExchange. How do you like winning $100 gifts ever single month?
What is Binance Coin (BNB)?
Before we go over how to exchange BNB to USDT, let’s go over a brief introduction on Binance Coin. Initially found in China, Binance began as an online cryptocurrency exchange with a strong emphasis on altcoin trading. It didn’t take long for Binance to be crowned as the number one exchange in the world. Amongst the numerous motivating factors and reasons for this profound success, the primary one was high liquidity, low transaction fees and additional discounts for users who made payments by its native coin, BNB. The massive platform has a staggering capacity to process approximately 1.4 million orders per second, offering trading for more than 500 cryptocurrencies and virtual tokens.
As for trading, Binance offers seven trade orders of Limit order, Market order, stop limit order, stop market order, Trailing stop order, Post only order and Limit TP/SL order. Despite the varying transaction fees for withdrawal based on the currency and its amount, there is no transaction fee for deposits.
Initially introduced as an ERC20 Ethereum based cryptocurrency in 2017, BNB has now moved on to Binance’s own blockchain named Binance chain. As the native coin for Binance exchange, BNB was primarily a utility token to motivate users for transaction fee discounts. However, the applications for Binance coin have now expanded dramatically since you can now use Binance Coin for financial services, entertainment, online services and many more.
With all this development happening in a short time period, the 26,500% overall price increase (correct as of January 2022) since being introduced in 2017 is well justified. As of June 4th 2021 BNB has a market cap of $53.7 billion dollars and is only ranked behind Bitcoin and Ethereum.
Why Exchange BNB to USDT?
At this point, it’s good to briefly introduce Tether. Tether is a cryptocurrency based on blockchain whose crypto coins in use are backed by an equivalent amount of traditional fiat currencies, such as the Dollar, Euro, or Japanese Yen that is retained in a specific bank account. The Tether tokens, the Tether network’s native tokens, trade under the USDT symbol.
In contrast to the wide swings observed in the prices of other popular cryptocurrencies such as Bitcoin and Ethereum, Tether belongs to a new race of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable. Instead of being used as a means of speculative investment, this would allow Tether to be used as a medium of exchange and a mode of storage of value.
Tether was specifically developed to create the necessary bridge between fiat currencies and cryptocurrencies, providing users with stability, transparency, and minimum transaction fees. It is pegged against the US dollar and, in terms of value, maintains a 1-to-1 ratio with USD. There is, however, no guarantee provided by Tether Ltd. for any right to redeem or exchange real money for Tethers, i.e. Tethers cannot be exchanged for U.S. Dollars.
Say goodbye to the hassle of searching for the perfect online exchange. HiExchange is here to offer you everything you need and more. With a combination of anonymity, unbeatable exchange rates, and reliability, it’s a platform like no other.
At HiExchange, your privacy is our top priority. We understand the importance of keeping personal information safe, and that’s why we don’t require it from our customers. With no KYC or sign-up required, you can trade confidently and securely.
Looking for the best exchange rates? HiExchange is right there for you. Our platform uses an automated system to ensure that you always get the best value for your trades. Don’t just take our word for it, visit ranking websites like BestChange and OkChanger and see for yourself.
We believe in being proactive and keeping ahead of any potential problems. That’s why we offer 24/7 customer support. No matter the issue, our team is always here to help. So go ahead, make your trades with peace of mind knowing that HiExchange has got your back.
How to Exchange BNB to USDT
- Enter the Homepage on HiExchange. Select Cardano on the left field and Tether USDT on the right one. Enter the exchange amount and wait for the rates to apply.
- Click on Exchange and you will be forwarded to the next step where you will need to enter your USDT wallet address, email, and phone number (optional).
- Click on “Exchange” one more time as you go to the next page to review your order.
- At this point, you will obtain your Tracking ID, an address and an explorer URL.
- On this step, please dedicate some time to review our terms and conditions and the instructions.
- Transfer your ADA to the HiExchange wallet address that is provided for you. Then, make sure to upload a screenshot of the payment.
- Finally, click on the “I’ve paid” button.
And You’re All Set!
When you finish the steps above, our team will process your order and send the Tether to your wallet address. The transaction may take a few minutes. In the meantime, you will have a track id to follow up on your order. Simply enter the main page and type in your track id in the specified field to see your live order status. Keep in mind that your track id is private information and you should not share it with anyone else.