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Table of Contents

Introduction

USDT(Tether) definition (Ref: Perplexity.ai)

USDT, or Tether, is a cryptocurrency that operates as a stable coin, meaning its value is pegged to a fiat currency—in this case, the U.S. dollar. Each USDT is designed to maintain a value of approximately one dollar i.e. 1USDT = $1, which helps reduce the volatility typically associated with cryptocurrencies.

The following tutorial will enable us to know how to:

1. Buy USDT (Tether) using Fiat currency: Fiat→ USDT(exchange)
2. Withdraw USDT from exchange to wallet: USDT(exchange) → USDT(Wallet)

The 3 main blockchain network protocols used with USDT are (Ref: Perplexity.ai):

1. TRON (TRC-20): In 2019, USDT tokens were also issued on the TRON blockchain network using the TRC-20 standard. TRON offers lower transaction fees compared to Ethereum
2. BSC (BEP20): USDT is available as a BEP20 token, allowing users to leverage the benefits of the Binance Smart Chain, such as lower transaction fees and faster processing times compared to Ethereum. This integration enables USDT holders to participate in various decentralized finance (DeFi) applications and services on BSC
3. Ethereum (ERC-20): USDT tokens were first issued on the Ethereum blockchain under the ERC-20 standard in 2018. This allowed USDT to be used in decentralized applications and smart contracts on Ethereum

USDT can be bought at various exchanges using the following methods:

1. P2P - Peer to peer
2. Mobile Money
3. Bank/Card

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Open a Binance account by clicking here

Why Binance:

• It is the largest crypto exchange globally, with high liquidity and good security.

• Multiple methods to buy crypto using cash (fiat)

• A large number of cryptocurrencies that are available to buy. </aside>

• Click arrow to learn more about Binance wallets such as Funding, Spot and Wallet

Advantages of Binance include;

• The ease to trade P2P on it and availability of a large number of liquid P2P merchants,
• Supports TRC20 network for USDT transfer, and
• It is the largest crypto exchange in the world and they are expanding all over Africa.

<aside> <img src="/icons/brightness-high_lightgray.svg" alt="/icons/brightness-high_lightgray.svg" width="40px" /> Get in touch: https://linktr.ee/wealth.empowerment

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