When it comes to cryptocurrency trading, there’s one pair that keeps topping the volume charts on most crypto exchanges — BTC to USDT. The first cryptocurrency ever created (BTC) and stablecoin with the largest market cap (USDT) are two heavyweights that continue to rein the crypto market.
Before you exchange your BTC to USDT, there are a few aspects to consider for your trade to be successful. In this article, you will learn what those aspects are and how to exchange BTC to USDT using a simple, step-by-step guide.
What Aspects to Consider Before Exchanging BTC for USDT?
Tether (USDT) has a daily trading volume that exceeds USD51.7 billion. Crypto enthusiasts enjoy Tether for its stability. It’s pegged to the US dollar and less prone to price fluctuation. Here are the aspects you need to pay close attention to before you click the “exchange” button:
- BTC to USDT calculator. Find a reliable BTC to USDT calculator that considers the most up-to-date price rates of the coins and their transaction fees.
- Crypto wallet. Get a wallet that supports both coins. The best options would be non-custodial wallets (Trust Wallet and Atomic Wallet) and hardware wallets (Ledger and MetaMask). With those wallets, you will have complete control of your private keys.
- Minimum exchange amount. Most platforms set a minimum exchange limit. Godex has one of the lowest minimum exchange limits for the BTC and USDT pair (0,003 BTC).
- Exchange fees. There is a standard 31.5 USDT fee that is charged for exchanging any amount of BTC for USDT. Besides that fee, each platform levies an additional transaction fee that can vary from 0% to 1%.
- Anonymity. When exchanging your digital assets, you want to preserve privacy and keep your identity safe. Most platforms implement procedures like KYC and 2FA. They put your security at risk because they require sharing your sensitive information.
Where to Exchange BTC for USDT?
Most popular crypto exchanges will require you to undergo a registration process to start trading. It involves giving up your personal info. Sharing your ID online makes it more susceptible to hacker attacks.
In some cases, you will need to pass a KYC. Sometimes it takes a week to become eligible for trading crypto. Furthermore, a platform like Binance automatically set up its in-platform wallet for you. It means that information about your private keys can also be compromised.
The best way to exchange BTC for USDT is to do it using an anonymous trading platform. By doing so, you will keep your personal information and private keys safe. It’s also much faster if you have your wallet set up beforehand.
How to Exchange BTC for USDT via an Exchange Platform and Get Profit?
The majority of exchanges have a BTC to USDT pair. However, there are only a few that doesn’t require registration — one of them is Godex. To start exchanging BTC for USDT with Godex, all you have to do is to follow this simple step-by-step guide:
- Go to the Godex exchange. In the middle of the page, find two fields with numbers. By clicking on the right side of the “You Send” field, you will be able to choose the token you want to exchange (BTC). By clicking on the left side of the same field, you will be able to enter the number of your BTC that you want to convert to USDT.
- Click on the right side of the “You Get” field and choose USDT.
- If you are satisfied with the exchange ratio, click on the “Exchange” button. After that, you’ll need to enter your USDT wallet address in the “Destination address” field. You also can choose the type of network you want to receive USDT from (ETH, BSC, TRX).
- Make sure that the data you entered is accurate and click on the “Exchange” button once again.
- You’ll receive a deposit address. Send the number of BTC tokens you specified in the “You Send” field via the generated link.
- Wait for the confirmation of your transaction.
With Godex, you can swiftly and anonymously exchange BTC and 300 other digital coins and tokens. Keep your ID info strictly to yourself. You don’t have to worry about the privacy of your data because Godex provides complete anonymity. The process is fast and takes from 5 to 30 minutes.
Blog Article by Nikita
