What Is USDT: Where & How to Buy USDT in South Africa?
Are you looking for an easy, fast, ultra-secure way to buy USDT (Tether) in South Africa? You have come to the right place at the right time. As today we’re going to talk about USDT in South Africa.
USDT (USD Tether) is the world’s biggest and most popular stablecoin. Thanks to Tether being backed by the U.S. Dollar, cryptocurrency investors can use Tether to protect their existing wealth from market downturns and volatility. Best of all, you too can now start using Tether, by buying USDT in under 2-minutes, right here at Easy Crypto. Or, by swapping other crypto coins that you already own before.
But first, let us inform you on everything you need to know about USDT.
What is USDT (Tether) used for?
How Tether works and why people use it is simple. Cryptocurrencies like Bitcoin have value because they grow scarcer over time. The value of 1 BTC, therefore, rests on factors like how many coins are in circulation, and supply and demand.
Tether is wholly different. This is thanks to the fact that 1 USDT will always have equivocal value to 1 United States Dollar. Tether can’t, therefore, be used for investment purposes. However, it can be used to protect your existing cryptocurrency wealth during market downturns.
It is also possible to use USDT as a digital alternative to the U.S. Dollar and other fiat currencies. This means that it is possible to conduct business in Tether, as well as and transfer money locally and internationally, similar to how you might real U.S. Dollars.
Who buys USDT (Tether) in South Africa?
At present, Tether is the world’s most popular stablecoin and the 3rd biggest cryptocurrency. As a result, USDT is purportedly used in 40% to 80% of all cryptocurrency transactions.
In simple terms, this means that every day, 40% to 80% of all cryptocurrency traders use Tether. Most do so to protect trading profits from upcoming digital asset price swings. But, many traders also use USDT to transfer capital between exchanges.
How safe is USDT (Tether)?
Fixing the value of Tether to the U.S. Dollar means that any wealth you store in USDT is generally safe. Although, Tether also has a habit of not publicly auditing its accounts. Thankfully, if you have concerns about Tether, there is an alternative stablecoin available in the form of USDC (USD Coin).
Where can I buy USDT (Tether) in South Africa?
Do you lose sleep every time Bitcoin or other digital assets you own start falling in value? If so, it might be time to secure your crypto wealth using a stablecoin.
As the world’s most popular stablecoin, it is possible to convert cash to Tether to deposit at exchanges that do not support fiat cash deposits. It is also possible to instantly swap coins like Bitcoin for an equivocal amount of USDT.
At Easy Crypto, we give you both of these options. You can either buy USDT (Tether) in South Africa directly through our site, or you can instantly swap coins like Bitcoin for USDT.
- If you think cryptocurrency you own might be about to fall in value, you can use Easy Crypto to instantly swap coins for USDT.
- We make swapping coins easy. Tell us how much of a coin like Bitcoin you want to swap. When you deposit coins, we’ll then deliver your new Tether to your USDT wallet address.
- At Easy Crypto, you can swap Tether back for Bitcoin (or one of 70+ other altcoins) at any time.
Now that you finally know everything about USDT (Tether), how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy USDT or other cryptocurrencies in South Africa.
We are always ready to help.