USDT is a useful cryptocurrency in the Crypto market, but do you know how to buy USDT? Our article will help you find reputable places to buy USDT and guide you through the easiest way to do it.
What is USDT?
Tether, commonly known in Crypto transactions as USDT, is an intermediary cryptocurrency used to trade other coins like Bitcoin, Ethereum, etc. The value of USDT is very stable, always maintaining an exchange rate of 1 USDT = 1 USD. Therefore, if the market experiences significant fluctuations that could affect traders’ assets, they will transfer to USDT to preserve their assets.
Should You Invest in USDT?
If you are a beginner, you might ask, “Should I invest in this coin?” USDT has an extremely stable value, pegged at 1 USDT = 1 USD, so its primary function is to store and safeguard coins during market volatility. Unlike other coins that fluctuate frequently, making them more suitable for profit-focused investment. In short, USDT is not suitable for investment like Bitcoin or Ethereum, but that does not mean investing in USDT is unsuccessful. Keep reading for more.
Where to reliably buy USDT?
Cryptocurrencies generally can be bought in two ways: directly from another person or through an exchange, and USDT is no exception. Each method has its own advantages and disadvantages, so check below to see which suits you best.
Buying USDT on an exchange
This method allows you to buy USDT conveniently, quickly, and reliably (if you choose the right exchange). There are many exchanges on the market, but we want to introduce two that we trust the most.
Remitano Exchange
This platform has many advantages such as low spread, high liquidity, and large trading volume. Besides USDT, Remitano also supports buying and selling Bitcoin, Ethereum, Bitcoin Cash at some of the cheapest prices in Vietnam. However, recent times have seen some minor scandals like scams, bank information leaks… so if you use this platform, be very cautious, or consider the next option below.
Vicuta Exchange
Vicuta is also a potential crypto exchange with strengths such as supporting a diverse range of over 200 cryptocurrencies, facilitating payments through many banks, and fast transaction processing. Vicuta is the second choice after Remitano, in case Remitano is overloaded, and buying USDT here is also very good.
Buying USDT from another person
Buying USDT from friends or others online has the advantages of lower cost and low transaction fees. However, there have been cases of scams when transacting with strangers online; after transferring money, they do not pay and disappear. If you choose this method, only transact with close friends or in face-to-face meetings. Still, buying USDT from an exchange is more recommended.
Guide to buying USDT
Create a USDT wallet
First, you need to have a wallet to store USDT before trading. If you do not trade often, a personal wallet with higher security features is better; for frequent traders, it’s best to store on reputable large exchanges with enough funds for usage.
Most people prefer exchange wallets, so here we will guide you on how to create a wallet on Binance as an example.
Step 1: Log into your Binance account, go to your personal account, select “Balances”, search for USDT, and click “Deposit”.
Step 2: The exchange will provide you with a Binance wallet address, which you should copy for the next step.
Buy USDT on Remitano
After successfully creating a USDT wallet, you can buy USDT on Remitano as follows:
Step 1: Visit the Remitano website to register an account.
Step 2: Verify your account.
Step 3: You can now proceed to buy USDT on Remitano by following these steps:
Deposit money into Remitano
To buy USDT, your Remitano account must have funds. Deposit money as follows:
On the main interface, select “VÍ USD” as shown below.
Then enter the amount of money you want to deposit.
The exchange will provide transaction details.
Most importantly:
Transfer the exact amount, to the correct account, using the exact transfer content as given by Remitano. Reconfirm that all information is absolutely correct. Wait a moment, and you will see the deposited amount appear on the left corner of the screen.
Select a seller
If you already have a wallet and funds, you can officially start buying USDT with these steps:
Access your Remitano account and you will see a list of seller names.
This list is sorted from cheapest to most expensive seller, so choose according to your ability and needs.
Proceed to buy USDT
After selecting a seller, click “Buy”.
Then select the amount of USDT you want to buy, copy the USDT wallet address, and finally click “Buy USDT”.
Wait a few minutes for Remitano to complete the transaction.
Conclusion
This article focuses on main issues such as reasons to invest in USDT, where to buy USDT reliably, and detailed instructions for purchasing USDT. Hopefully, this guide has helped you learn how to buy USDT at reputable and quality sources.
See also: Litecoin is what? Buying and selling Litecoin
