What Is Tether (USDT)?

GO TO

Introduction

Tether (USDT) is a unique coin in the crypto market. As the largest stablecoin by market capitalization, it has become a key asset for facilitating many transactions. If you’ve ever wondered, “What is USDT?” and “How can I turn my USDT to Naira?” stay tuned. We’ll break down Tether and show you how to make a profit from selling USDT online.

What is USDT?

USDT or Tether is a type of crypto known as a stablecoin. What makes Tether stable? A group of crypto enthusiasts decided to peg cryptocurrencies to the value of a fiat currency. They pegged it to the US Dollar (USD), which was how USDT was born.

The stability of USDT makes it a popular choice for traders and investors seeking a more predictable value in the crypto market. Today, millions of users trade with USDT without the help of a third-party intermediary.

Advantages Of Trading Tether (USDT)

1. It is a stablecoin

There is a US dollar in reserve for every USDT you have in your crypto wallet. Tether was created to keep a 1:1 with the US dollar, making it reliable and immune to any form of crypto volatility. This makes it easy to convert to fiat because of its stable valuation.

2. It is highly demanded

If you have a Tether, finding a buyer is one of the easiest things to do. There are many traders and investors who need stable coins for various forms of transactions. USDT (Tether) is the cryptocurrency version of cash and shows low volatility, making it the ideal choice for investors.

3. It enables flexible pairing

Being a widely accepted stablecoin, Tether is often used as a trading pair with numerous cryptocurrencies on various exchanges. This means that traders can trade Tether against digital assets like Bitcoin, Ethereum, or others. The flexibility in pairing Tether with various cryptocurrencies gives traders a diverse set of trading options.

How Much Does Tether (USDT) Cost?

Tether (USDT) is pegged with the US dollar 1:1. Hence, if the exchange rate between the US dollar and Naira increases, the value of Tether (USDT) in Naira would also increase. Conversely, this would be the case if the exchange rate decreases. To know Tether’s current price, you can check any online calculator or use the Innixx app. Live rates are updated regularly on Innixx, so you can always know what the market says per time.

How to sell Your Tether (USDT) on Innixx

To sell Tether on Innixx, you can follow these simple steps:

1. Create an account: Download the app on your Android or iOS device. Click the sign-up icon, input your email and password, and await a verification mail.

2. Verify your mail: Based on Innixx’s security policy, every registering user is required to input their valid email during registration, and that email will be confirmed through the verification.

3. Create a pin and profile: When the registration process has been successfully completed, you are allowed to create a unique 6-digit pin and then your profile on the platform.

4. Deposit your USDT: Click on the “SELL CRYPTO” icon on the platform. Proceed to click on the “CRYPTO TYPE” option and click on “TETHER.”

5. Place the sell order: Input the amount of Tether you want to sell, click the “WALLET TYPE” option, then proceed to copy the wallet address (Tether) and make the transfer.

6. Execute the transaction: Once your sell order is matched, the transaction will be executed. In a few moments, the equivalent of your Tether would be converted and credited to your account.

7. Withdraw funds: You can proceed to withdraw the funds to your desired wallet or bank account.

Conclusion

If you are unsure about the safest platform to sell your Tether swiftly at market price, choose Innixx today. Your asset is secured, and your transaction is initiated and completed within a few minutes. You can download the Innixx app on Android or iOS device to sell your Tether for Naira today.

Share this article

Check out the latest Gift Card and Cryptocurrency exchange rates

Find more news:

How To Check Your Prepaid Meter Balance

September 2, 2024

Have you ever found yourself unexpectedly out of electricity because your prepaid meter balance ran out? It’s a frustrating situation, but luckily, there are straightforward ways to check your meter balance to ensure you’re never caught off guard again. This comprehensive guide will walk you through different methods to check your prepaid meter balance, including checking directly at the meter box and using keypad codes. Plus, learn why Innixx is the best platform for recharging your prepaid meter seamlessly.

what-is-a-crypto-wallet

What is a Crypto Wallet?

June 11, 2024

Gain a deeper understanding of crypto wallets and their essential role in the world of cryptocurrency. Learn about the different types of crypto wallets, including hardware, software, and paper wallets, and how they provide security and convenience for storing, sending, and receiving cryptocurrencies.

gift-card

How To Get The Highest Rates For Your Gift Cards

January 25, 2024

Gift cards have quickly become a popular way to give and receive gifts. But what happens when you receive a gift card from a store you don’t want to shop from? The best thing is to sell it for cool cash.

Instant & Prepaid Cards

Store Cards

Contact

@ Innixx – making secure transactions. All Right Reserved.