Sure, you can exchange Solana to Tether on so many platforms, but HiExchange is better! Solana (SOL) is one of the fastest blockchain networks out there. It offers lightning speed transaction speeds and super cheap transaction costs. With all that in mind, SOL has a loyal group of institutions using it for their global transactions. Subsequently, Solana is one of the top cryptocurrencies by market cap. In this article, we will go over how to exchange Solana to Tether on HiExchange platform. At HiExchange, you can have the lowest exchange rates, full anonymity and 24/7 online support all together.
So head over to HiExchange, select Solana on the left box and Tether on the right and get started!
What Do I Need to Exchange Solana to Tether?
For this exchange, you will need a crypto wallet to receive USDT. Most likely, your Solana 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 Solana?
In short, Solana is a blockchain platform for decentralized applications (DApps). The network utilizes Proof of Stake consensus algorithm. However, in a world full of PoS blockchain networks, Solana has managed to achieve some impressive figures. The network can support up to 50,000 transactions per second (TPS) and requires 400 milliseconds to build a block. With the quickly increasing number of validators currently at 1,061, the network is one of the fastest out there.
Found in 2017 by Anatoly Yakovenko, a former Qualcomm member, along with Eric Williams and Greg Fitzgerald, the network aimed to create a more efficient and scalable platform.
The team consists of former members of companies such as Google, Apple, Microsoft, Qualcomm, Dropbox, Intel and more.
In that regard, the network is backed by many years of experience in some of the best companies around the world.
Continue reading “What is Solana” to learn everything about the network.
Why Exchange Solana to Tether
Before reading about how to exchange Solana 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.
HiExchange Platform
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 Solana to Tether?
- Enter the Homepage on HiExchange. Select Solana 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 SOL 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.
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.
