How to Buy Tether (USDT) - Beginner's Guide
1 Tether costs you around ₹79.69 In India. To Buy Tether instantly and hassle free on Buyucoin, Become a smart trader by using BuyUcoin EZ market and dont wait in the queue.
What is Tether?
Tether is a blockchain-based cryptocurrency that is pegged to the U.S. dollar. Actual dollars as well as bonds, Treasury bills and other assets are held in reserve at financial institutions to serve as collateral. Stablecoins typically have a 1:1 relationship with USD and experience far less volatility than cryptocurrency counterparts like bitcoin and ethereum.
How does Tether’s USDT work?
Tether’s cryptocurrencies belong to a special subset of digital assets called stablecoins, which means their prices are anchored, or pegged, to a less-volatile asset. Stablecoins serve as an important link between the real world and cryptocurrencies. With their prices tied to a stable asset such as a central bank-issued (fiat) currency like the U.S. dollar, stablecoins promise to shield crypto holders from volatility and are well-suited for transactions and trades on and between blockchains.
Step by Step Beginner’s Guide
Below is the simple 5 step to complete guide on how to buy Tether instantly.
Step 1 : Open Free Tether Wallet With BuyUcoin
To sign up and register with buyucoin, first you have to enter your email or password, also you can use signup with Google to open a free Tether wallet in an even easier way.
Step 2 : Verify Your Email Address
Once you have registered with BuyUcoin, you will need to go to your profile section and verify your email with an OTP or Email verification link which has been sent to your email address.
Step 3 : Complete Your KYC
After email verification, you will have to get your identity verified through KYC, which helps you to buy Tether easily or instantly.
Step 4 : Deposit INR in Your Tether Wallet
After completing your KYC you have to add your primary bank and UPI into your BuyUcoin wallet, then you need to add fiat currency to buy Tether such as INR to USDT.
Step 5 : Buy Tether Through Spot or OTC Desk
There are 2 ways to buy Tether on BuyUcoin Cryptocurrency Exchange, first way is Spot/Classic market and second way is EZ/OTC. With EZ/OTC you can buy USDT instantly and easily.
Why Buy Tether?
If you’re interested in Tether but don’t know where to start, here’s a quick look at the top 5 reasons to start investing in it USDT.
Have Control of Your Assets
The decentralised nature of Tether trading allows you to own and store your assets without the involvement of a third party. The value of the assets is not determined by the exchange or a middleman, giving traders the freedom to profit from the current exchange rates.
Limited Supply Make it Beneficial
There is a fixed supply of Tether and other cryptocurrencies. Due to this, they are deflationary assets, which indicates that their value will eventually rise in purchasing power.
Transparent and Secure
Tether are popular because of their complete transparency, which is made possible by open-source and publicly verifiable technology.
A Good Long-Term Investment Option
BuyUcoin provides SCIP for Tether as a long-term investment, it will help you to avoid crypto market volatility and fluctuation. They can provide a reasonable source of savings after retirement or provide a much-needed financial freedom during a sudden economic downturn.
24x7x365 Flexible and Independent Trading
Because crypto trading is available 24 hours a day, seven days a week, traders can plan their trading at any time of day.