Looking for an easy way to exchange Ripple to Tether with anonymity? HiExchange is all you need. Ripple (XRP) has been one of the most popular investment options for crypto enthusiasts. The blockchain network offers great utility for cross border transactions and an alternative payment system for traditional banking. On top of that, XRP has had great returns for investors as a native token for this innovative network. In this article, we will go over how to exchange Ripple to Tether without compromising on exchange rates or privacy.
So get started, head over to HiExchange, select Ripple (XRP) on the left box and Tether (USDT) on the right one and you’re good to go!
What Do I Need to Exchange Ripple to Tether?
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 Ripple (XRP)?
To put it simply, Ripple is a payment protocol designed to operate as a digital bank. However, by utilizing a decentralized blockchain network as the financial platform it can operate much more efficiently. As compared with a bank, Ripple network has significantly lower transaction fees and god-like scalability! This allows for seamless digital money transfers that are inexpensive and quick. This is especially important since institutions can save millions of dollars and long hours on their large transactions.
As the native token of the network, XRP basically acts as a mediator. All the funds deposited on the network will automatically convert to XRP and then converted back to the target currency. This clever design provides massive circulation for the cryptocurrency. To make it an even better deal, all XRP coins are pre-mined. Meaning that it is environmentally friendly and maintains very low gas fees.
As of April 2023, XRP is the 6th cryptocurrency with a market cap of almost $23.7 billion.
To learn everything about Ripple XRP continue reading “What is Ripple and How it Works?”.
Why Exchange Ripple to Tether (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.
HiExchange to the Moon!
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 Ripple to Tether (USDT)
- Enter the Homepage on HiExchange. Select Ripple (XRP) 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 XRP 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.
When you finish the steps above, our team will process your order and send the Tether USDT 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.