What is Tether and how to exchange USDT to USD?
Tether coin is a cryptocurrency, the value of which is connected with the value of the U.S. dollar. The main idea behind the Tether (USDT) — to create a stable cryptocurrency (stable coins), with low value fluctuation possibility, unlike many other cryptocurrencies (large value fluctuation). However, in practice, the Tether price tends to fluctuate a little. Tether, Like other cryptocurrencies uses blockchain. Official website: https://tether.to/
Creators & Location
USDT is designed by Tether Limited. This company is located in the British Virgin Islands referring on information from the New York Times. The available information in Tether’s website says it is incorporated in Hong Kong, with offices in Switzerland.
- - Fixed value (1 USDT is equal to 1 USD);
- - Transaction fee between Tether users 0%;
- - Fast transactions (normally a few minutes);
- - Free Tether wallet;
- - Just like many other payment systems Tether offers API support.
Many cryptocurrency exchanges offer USDT as a trading pair, which gives opportunity to buy the coins the value of which is equal to USD. That can help for traders (especially if Bitcoin’s value is volatile). On the other hand, the Tether value in connection with USD gives a centralized nature for this coin. But as we know, the cryptocurrency was created with the aim to be decentralized.
Anyway, Tether’s centralized nature doesn’t make it bad automatically. It is just a little different type of coin, for example, something more to Ripple category than Bitcoin.
However, USDT is an interesting coin, with a good background and can be a useful coin for Cryptocurrency traders. According to the results of Coinmarketcap.com (See more: https://coinmarketcap.com/currencies/tether/ ), USDT, at the moment, is the 8th largest coin. These are impressive numbers and prove the loyalty of the cryptocurrency traders for this coin.
How to exchange USDT to USD?
One of the best places where you can securely buy, sell or exchange Tether will be the XMLGold.eu (Online Currency Converter). XMLGold guarantee fast transactions and acceptable commissions. At XMLGold you can buy, sell or exchange Tether USD & EUR in many other currencies, cryptocurrencies, for example, Wire Transfer USD and EUR, Bitcoin, Perfect Money, Payeer, AdvCash, Perfect Money e-Voucher, Bitcoin Cash, Litecoin, ePay, eCoin Code, Sepa Transfer EUR, Ex-Code, C-CEX Code Wex-code etc.
How does it work?
What you need to do – simply select the currency you want to sell on left side and currency you want to purchase on the right side. Fill the amount, your e-mail address and press „continue”. It is that simple.
Note: If you want to sell or buy larger amounts, then choose the option „Extend Reserve / Buy, Sell More” and Support will find quickly the necessary amount of the currency you need.
The related articles: