How to Exchange Bitcoin to Tether (BTC to USDT Exchange)
There are many reasons you may want to exchange your Bitcoin to Tether. One of the reasons is the sharp Bitcoin price fluctuations. On the other hand, Tether is a Stablecoin. Meaning that its price is always constant and equal to one dollar. When the price of Bitcoin falls (or decreases), traders immediately convert BTC to USDT to keep their capital constant, and after prices rise again, they can easily and quickly convert their tether to BTC or another cryptocurrency. You may use online Exchanges such as ExPay24 as a Tether to BTC converter, and to perform your BTC to USDT exchanges.
Learn More about Bitcoin
Bitcoin is a virtual currency or cryptocurrency, that’s controlled by a decentralized network of users and isn’t directly subject to the whims of central banking authorities or national governments. Although there are hundreds of cryptocurrencies in active use today, Bitcoin is by far the most popular and widely used – the closest cryptocurrency equivalent to traditional, state-minted currencies.
Like traditional currencies, such as the U.S. dollar, Bitcoin has value relative to other currencies and physical goods. Whole Bitcoin units can be subdivided into decimals representing smaller units of value. Currently, the smallest Bitcoin unit is the satoshi or 0.00000001 Bitcoin. The satoshi can’t be broken into smaller units. However, Bitcoin’s source code is structured to allow for future subdivisions beyond this level, should the currency’s value appreciate to the point that it’s deemed necessary.
Bitcoin is the most versatile cryptocurrency around. It can be used to purchase goods from an ever-growing roster of merchants (including recognizable companies like Expedia and Overstock.com) that accept Bitcoin payments. It can be exchanged with other private users as consideration for services performed or to settle outstanding debts. It can be swapped for other currencies, both traditional and virtual, on electronic exchanges that function similar to forex exchanges.
Learn more about Tether (USDT)
Tether is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro, or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
Tether belongs to a new breed of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies like Bitcoin and Ethereum. That would allow it to be used as a medium of exchange and a mode of storage of value, instead of being used as a medium of speculative investments.
Tether specifically belongs to the category of fiat collateralized stablecoins, that is – a fiat currency like the US dollar, the euro, or the yen, backs each crypto coin in circulation. Other stablecoin categories include crypto-collateralized stablecoins, which use cryptocurrency reserves as collateral, or non-collateralized stablecoins, which don’t have any collateral but operate in a way similar to that of a reserve bank to maintain the necessary supply of tokens, depending on the economic situation.
Tether was specifically designed to build the necessary bridge between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction charges to users. It is pegged against the U.S. dollar and maintains a 1-to-1 ratio with the U.S. dollar in terms of value. However, there is no guarantee provided by Tether Ltd. for any right of redemption or exchange of Tethers for real money – that is, Tethers cannot be exchanged for U.S. dollars.
According to CryptoCompare data cited by The Wall Street Journal, 80% of all bitcoin trading is done in Tether, and the stablecoin is a major source of liquidity for the cryptocurrency market.
Tether was launched as RealCoin in July 2014 and was rebranded as Tether in November by Tether Ltd., the company that is responsible for maintaining the reserve amounts of fiat currency. It started trading in February 2015.
How can I Convert BTC to USDT? | BTC to USDT Exchange
It is a big question for all people who want to convert Bitcoin to Tether. There are a wide variety of options you can choose. Based on the analyzed internet resources, you should choose the online exchange with the best and easiest functionality, user-friendly design, quick operations, and positive customer reviews. Willing to exchange Bitcoin to Tether? With just a few clicks, convert BTC to USDT. Please note that the best and fastest way to make a BTC to USDT exchange is through online conversion.
Bitcoin Exchange Service Features and Benefits
- Your Bitcoin exchanges will be done within 20 minutes to 1 hour.
- There is no need for registration or verification to place your orders.
- Our fee rates can be viewed online at the time of order registration.
- ExPay 24 conversion fees are very fair.
- Your orders are registered and processed 100% automatically.
How to Exchange Bitcoin to Tether via Expay 24
To make your Bitcoin to Tether exchanges on ExPay 24, you need to take a few simple steps.
- Fill in all the fields of the submitted form (including your wallet address).
- Read the terms of the agreement on exchange services, if accepted, please tick the appropriate field and press the «Place Order» button.
- In the end, the system will redirect you to the «status» page, where the status of your transfer will be shown.
- Note: This operation is performed completely automatic.
Bitcoin Exchange Services Available on ExPay 24
It’s worth mentioning that besides Bitcoin to Tether, there are a variety of other Bitcoin exchange services available on ExPay 24, listed below.
- Bitcoin to WebMoney
- Bitcoin to Perfect Money
- Bitcoin to iTunes
- Bitcoin to Google Play
- Bitcoin to Ethereum
- Bitcoin to Dogecoin
- Bitcoin to PayPal
- Bitcoin to Bitcoin cash
- Bitcoin to Litecoin
- Bitcoin to Tron
- Bitcoin to Amazon
- Bitcoin to Monero
- Bitcoin to Dash
- Bitcoin to Ripple
- Bitcoin to Ethereum Classic
Also, you can find the instruction of other services including Tether to BTC conversion how to buy Tether with a credit card, etc. on our website. To submit an order on ExPay 24, enter the home page of the website and, select your desired service provided on the home page. Please contact us through online chat or via e-mail if there are any questions.