How to Buy USDT

how to trade bitcoin for usdt on binance

We have been going on and on about the capability of the blockchain technology that is getting us out of the autocratic management of money exercised by centralized institutions like central banks, normal commercial banks, and mobile money transfer institutions. Governments, on the other hand, have been up in arms over the increasing popularity of blockchains and how their currencies carry a latent threat of enabling illegal practices through the obscuration of financial transactions that is now possible using the blockchain technologies.

Blockchain developers have been working day and night to defeat all manner of stifling regulation through innovative cryptographic ingenuity, while governments have been trying to outguess the geeks to ensure continued sanity in the world order and retain control of creation, storage and movement of money. So when someone came with a cryptocurrency called Tether, both worlds were caught in the battleground, dumbstruck, and are trying to understand how this peacemaker can make them re-sheath their bloodied swords, shake hands, and co-exist in some restless harmony.

If you grew up on a livestock farm, you know that to tether an animal is to keep it near a structure you select, by tying it to that structure using a rope.

If you love Bluetooth technology, you know it is possible to tether a nearby device to another and make it enjoy connectivity. Well, Tether is an innovation in the blockchain space that has made it possible to convert any fiat currency into a corresponding cryptocurrency. Tether is made possible by the Omni layer Protocol operating on the bitcoin blockchain. It uses what is known as Proof of Reserves. Tethers maintain a near-perfect parity with their underlying assets.

It is a simple process that can be done quickly. The first thing to do is to create a digital wallet that supports USDT. The main crypto wallets for semi-hot storage include Holy Transaction and Omni wallet.

You will also find crypto to crypto trading pairs at smaller percentages and for a variety of coins at other exchanges like Poloniex, Bittrex, Change. In light of these numbers, we will review how to buy USDT from Binance, as one of the major exchanges.

All that is needed is to carry out the normal sign — up and follow the deposit instructions to load up your account and get the USDT sent to a wallet of your choice. They have the easiest and fastest crypto to crypto exchange from Ethereum, Bitcoin and other major cryptocurrencies to USDT. The registration to Binance is straightforward and is completed after you carry out an email verification and 2-factor authentication.

You will find your appointed pairs, and you can then acquire your USDT and spirit it off to cold or semi cold wallets for hodling or to use as normal dollars, but on a blockchain. This is the main method that most traders will be familiar with because of its familiarity and ease. You will be given the Crypto Address on which to send any of the options given above.

Once that is selected, click on the appropriate pair that matches the crypto you have deposited, and open in order to buy USDT. You can now buy as much USDT as you can afford on the dashboard below the graph by selecting the quantity you want and matching it with the available crypto balance you have for appointed Crypto. At current, crypto traders go through hell identifying payment avenues for converting fiat to crypto.

From having to find the right exchange that will accept your fiat and provide the crypto you are looking for to engaging in long security protocols and wait times for wire transfers to clear, many newbie traders simply give up in the middle of the process. Exchanges also have to integrate with banks that may not have necessary APIs, making the transfers extremely hard and expensive. Tether relegates this problem to the backburners of history.

The risk of handling fiat is handled by Tether Limited, which in turn can simply provide the tethers. Exchanges can then provide Tether Pairs, and enable blockchain movement of fiat assets across networks and borders seamlessly. With USDT and other Tethers, it is now possible to HODL crypto that is pegged on a fixed fiat value and avoids the hassle of withdrawing crypto assets that someone wants to remove from the sometimes unforgiving volatility of cryptos like bitcoin.

All the other characteristics of bitcoin are made possible with Tethers. This means that you have pseudo-anonymity, peer-to-peer flexibility, cheap and fast cross-border transfers of fiat based crypto.

Tethers bring a breath of fresh air to merchants allowing them to concentrate on their core business and not on payments. If the Launchpad for the Tethers is the Omni Layer Protocol laid on the bitcoin platform, and it has not tried to address the scalability problems that bedevil the bitcoin blockchain, then questions still abound about the problems that affect bitcoin and whether they also manifest in Tether. For the simple reason that the Tether is generated after fiat is deposited somewhere, the question of anonymity cannot be wished away.

Just how is Tether a cryptocurrency when it is permanently tied to a fiat value? Proof of Reserves is a distant call from decentralization, the main drive that makes cryptocurrency a choice for financial libertarians. But we are talking about a currency that is running on major exchanges and carrying fiat value. That in itself makes the Tether a highly attractive compromise that promises a piece of both conflicting worlds.

It is now easier to offload gains to a fiat simulator crypto and be assured of the stability of fiat in a blockchain setting, which is refreshing. It is possible to now download crypto to crypto that retains fiat properties. But this must be said: Cryptos are always volatile assets. Do not trade in cryptos what you cannot afford to lose. Coins Pairs Exchanges Wallets. Trading tools Stock Exchanges. Johnson Gitonga. So the battle of the ages has been on since Satoshi mined the genesis block in January Wow… This is huge.

You can, therefore, convert all your redeemable crypto into Tether for safekeeping. Register with Binance The registration to Binance is straightforward and is completed after you carry out an email verification and 2-factor authentication. How to Buy Stellar Lumens? Tether Use Cases For Exchanges At current, crypto traders go through hell identifying payment avenues for converting fiat to crypto. Exchanges can then provide Tether Pairs, and enable blockchain movement of fiat assets across networks and borders seamlessly Individuals With USDT and other Tethers, it is now possible to HODL crypto that is pegged on a fixed fiat value and avoids the hassle of withdrawing crypto assets that someone wants to remove from the sometimes unforgiving volatility of cryptos like bitcoin.

To the Merchants Tethers bring a breath of fresh air to merchants allowing them to concentrate on their core business and not on payments. Tether USDT Challenges and Prediction The Bitcoin Baggage If the Launchpad for the Tethers is the Omni Layer Protocol laid on the bitcoin platform, and it has not tried to address the scalability problems that bedevil the bitcoin blockchain, then questions still abound about the problems that affect bitcoin and whether they also manifest in Tether.

The Fiat and Centralization Curse For the simple reason that the Tether is generated after fiat is deposited somewhere, the question of anonymity cannot be wished away. Prediction But we are talking about a currency that is running on major exchanges and carrying fiat value. Don't miss a thing! Discover what's moving the markets.

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how to trade bitcoin for usdt on binance

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He and Zhao both worked at the OKCoin exchange before deciding to build their crypto exchange. The company was forced to leave China in September after the Chinese government banned cryptocurrency trading. It has since had offices in Japan and Taiwan. Discounts are offered to traders who use BNB to pay trading fees which I will explain in detail a little later! CoinMarketCap lists Binance as the second biggest crypto exchange on the market. In the last 24 hours, more than 1.

how to trade bitcoin for usdt on binance

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Binance is one of the most widely used cryptocurrency exchanges in the world. A major reason for Binance's popularity is its extensive selection of altcoins, which continues to grow with frequent additions. No verification is required on Binance for withdrawals below 2 BTC per day, and the exchange also offers a mobile app for both iOS and Android devices. Register on Binance. They both have how to trade bitcoin for usdt on binance pairs with the vast majority of cryptocurrencies listed on Binance and read more give you the greatest amount of flexibility.

A search bar should appear on your screen. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be a string of numbers and letters both lowercase and uppercase. Copy the address in its entirety and go to your wallet of choice. Send the amount you wish to deposit to the address you copied.

It is quite common for the transaction to take up to half an hour to complete, so don't expect the funds to be available on your Binance account instantly. Once the small amount reaches your Binance account, you can proceed to deposit the amount you would actually like to use for trading.

Tip 3: Depositing funds from one exchange to another can sometimes be limited by restrictions. We strongly advise you to deposit directly from your wallet. If you would only like to see the coins which have a balance of over 0. If your deposit has already been processed, the coin and amount will appear on the list. If you have multiple coins, you can use the search bar.

For this step, we will assume you deposited BTC. If you deposited ETH, don't worry — the process itself is exactly the. After clicking on the trading pair, a price chart will appear in the center. Tip 1: If you're planning to trade different cryptocurrencies, purchase some BNB. Tip 2: If you deposited a large amount of coins, try not to purchase your USDT all at once — instead, consider buying it at different price levels.

This strategy is called unit cost averaging. The order should be executed almost instantly and the USDT will be added to your balance soon. Register on Binance Binance is one of the most widely used cryptocurrency exchanges in the world.

Place a buy order for Tether. Congratulations, you've just completed your first order on Binance! Tags: Tether. Download App Keep track of your holdings and explore over 5, cryptocurrencies. Share this post. Total Market Cap. Never miss a story

When Should You Take Profit in USDT? - Alternative Hedging & Profit Taking Strategies Explained

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Compare some other options in the table. The address will be a string of numbers and letters both lowercase and uppercase. Tether USDT Challenges and Prediction The Bitcoin Baggage If the Launchpad for the Tethers is the Tk Layer Protocol laid on the how to trade bitcoin for usdt on binance platform, and it has not tried to address the scalability problems that bedevil the bitcoin blockchain, then questions still abound about the problems that affect bitcoin and whether they also manifest in Tether. The other way to get Tether is by buying it directly from the company. If your ti level drops to 1. Never miss a story This is called a proof-of-reserve process. That in itself makes the Tether a highly attractive compromise that promises a piece of both conflicting worlds. After activating your margin account, you will be able to transfer funds from your regular Binance Wallet to your Margin Trading Wallet. It uses what is known as Proof of Reserves.

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