In the crypto industry, Tether are among the most common settlement instruments. These cryptotokens are backed by fiat, in particular, Tether (USDT) – American dollars, so they are not subject to high volatility unlike classic crypto (Bitcoin, Etherium and others).
Tether stablecoins are used for various financial transactions: settlements, peer-to-peer transfers, with the help of them without problems move funds between exchanges. And it is worth noting that it is much faster to exchange cryptocurrency to USDT than to withdraw immediately into fiat. In general, for transactions with regular dollars in any banking system it takes several days, and for settlements in Tether – a couple of minutes. The same applies to commissions, if you compare the cost of sending TRC20 to Tether and a money transfer to SWIFT, the advantage of stablecoin is obvious.
All of the above explains why, with the unique and invaluable for users financial privacy in the Monero ecosystem, holders of the cryptocurrency are often interested in converting it precisely into stablecoins.
What is the easiest and fastest way to exchange Monero (XMR) for Tether (USDT)?
The easiest and fastest way to exchange Monero to USDT is to turn to electronic exchangers. There are other options: from cryptocurrency exchanges to Telegram bots, but this one is the best, it is like a “golden mean” that successfully eliminates the disadvantages of the others.
Electronic exchange services win:
- understandable to customers the principle of work;
- favorable rates of exchange of cryptocurrency Monero to USDT;
- simplicity and convenient use;
- speed of transactions (just a few minutes);
- opportunities to conduct conversion of XMR without commissions;
- confidentiality of the transaction (you can order the service anonymously, without registration on the website of the exchanger and verification of identity);
- mode of operation – 24/7;
- security of the transaction (when applying to a verified exchanger).
Procedure for exchanging Monero for Tether in the electronic exchanger
In order to exchange cryptocurrency for Tether USDT stablecoins in the TRC-20 network, the client needs to:
- go to the website of the exchanger;
- familiarize himself with the offers and rules of the service;
- use an online calculator to pre-calculate the amount of USDT expected after conversion;
- fill out an electronic application for the service, specifying the necessary data for the transaction;
- pay the invoice issued by the exchange service by transferring Monero (XMR) cryptocurrency to the exchanger’s wallet;
- confirm the transaction (the Monero system provides for multiple confirmations due to the enhanced system of
Features of exchangers, about which you should learn before the transaction
Every reliable exchange service provides the client with full information about its services and principles of work. This is described in the Rules, which should be familiarized with before proceeding to the exchange of cryptocurrency Monero for Tether stablecoins. You should not ignore this point, since exchangers have only the general principle of work identical, and there are many peculiarities and nuances. Let’s consider a couple of examples.
- There are services that work in manual, semi-automatic and automatic modes. In the former, transactions take longer because they require the participation of an operator who enters data manually. Automation significantly speeds up the process.
- The exchanger may not fix the exchange rate at the moment of filling out the application, or fix it for a short period of time. It is necessary to make sure that this time is enough to transfer Monero (XMR), otherwise in the end, Tether cryptoassets may cost you a completely different, not always favorable price.
In addition to clarifying all the details and terms of cooperation, it is important to make sure that the exchange service is reliable, reputable and customer-oriented. Choose only safe resources! The most reliable way to do this is through monitoring portals.