Very often, you will have to exchange crypto to Tether USDT in order to avoid market volatility. As of 2022, Tether USDT is still the dominant stablecoin in the market and the top US dollar crypto equivalent. Whether you trade or hodl, Tether USDT is the ultimate mediator apparatus for everyone. However, although making the exchange is easy, it matters a lot which platform you choose to exchange crypto to Tether. For one, not all platforms offer the same exchange rates and you may have to pay more for the order. More importantly, anonymity is also a key feature user should keep in mind. For that, a reliable exchange platform like HiExchange is absolutely necessary. In this article, we will go over how to exchange crypto to Tether and why HiExchange is the best platform to do the job.
Why Exchange Crypto to Tether?
Generally speaking, exchanging assets to Tether is for times when you want to pay less commission and be ready for the next purchase. When you exchange cryptocurrency to PayPal, the cost for the exchange is considerably higher and it takes a longer time to have the assets in your account. On top of that, the next time you want to buy cryptocurrencies, you will once again have to pay high commission and wait longer. With Tether, the transactions are almost immediate and have a very low cost of transaction.
Comparatively, Tether is good for those who are actively monitoring the market to make their next move. Thankfully, numerous Forex platforms also accept Tether as payment so it has even more utility. On the other hand, PayPal is generally a safer method to store assets with much more regulations. Naturally, it is good for those looking for better security and purchasing options.
What is Tether (USDT)?
Before reading about how to exchange crypto to Tether (USDT), let’s take a quick look at what Tether is and how it operates. 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.
Why Exchange Crypto to Tether on HiExchange?
very exchange platform must maintain three important characteristics. Anonymity, affordability and reliability. We pride ourselves as a professional platform that offers all three.
For anonymity, HiExchange requires no KYC or even a sign up process. The best way to protect your information is to not share them with anyone. And for that, we respect our customers and do not ask for their personal info.
As for affordability, HiExchange utilizes an automated system to determine the best exchange rates at any moment. By doing so, we have managed to stay on top of the ranks on websites such as Bestchange and OkChanger.
Lastly, reliability is ensured for our customers with 24/7 online support. In case anything goes wrong, you will have our immediate support until the issue is resolved.
How to Exchange Crypto to Tether (USDT) on HiExchange
- Enter the homepage first, then select the cryptocurrency you want on the left field and Tether TRC20 or ERC20 on the right. Enter the amount you want to exchange and wait for the exchange rate to apply.
- Press Exchange and you will go to the next stage where you will enter your Tether wallet details, email, and phone number.
- One more time, click on the “Exchange” button and you will go to the next step where you will review your order.
- Complete the captcha and click on “exchange” to go to the next step where you will obtain a tracking ID. At this point, you will have the HiExchange wallet address to send the cryptocurrency to. After you have transferred your cryptocurrency, click on Pay Order button. Don’t forget to attach the screenshot for the payment. your order will process swiftly.
- By finishing all the steps above, our team of professionals will send the Tether to your wallet ASAP.
Usually, Tether payments are very quick to go through. For that, give it a few minutes and you will have the USDT in your wallet. In the meantime, you can follow up on your order using the Track ID provided for you. Simply enter the track id in the required section on homepage to see at which point your order is. Remember not to share your Track ID with anyone else.