Your guide: How to Buy Tether (USDT) in Egypt?
Cryptocurrencies are becoming more popular all over the world, and Egypt is no different. Many buyers like Tether (USDT) because it’s a stablecoin that is tied to the US dollar. If you’ve ever wondered, “How to Buy Tether (USDT) in Egypt?” you’re in luck. Keep reading to find out more.
Also read: El Salvador to Use Crypto for Trade with BRICS, Ditching the US Dollar?
What is Tether (USDT)?
It’s a stablecoin, which means that Tether (USDT)’s value is linked to a legal currency, in this case, the US dollar. It is less likely to lose value than other cryptocurrencies because of this. For people who are new to crypto, Tether is a safe way to spend.
How to Choose a Payment Method?
In Egypt, you can pay for Tether in several different ways, including:
- Card Reader Debit Card Credit Card Bank Transfer
- Apple Pay
- Google Pay
- There are good and bad things about each method. Pick the one that works best for you.
How to Buy Tether (USDT) Step by Step
- Pick a Blockchain Exchange
Choose a reputable cryptocurrency exchange that accepts Tether (USDT) as the first step. Binance, Coinbase, and Kraken are all well-known choices. - Sign up for an account on the market you want to use. You will have to give some personal information and prove who you are.
- Choose a way to pay.
Pick the payment method you want to use. You can use a debit card, a credit card, or a bank payment, among other things. Apple Pay and Google Pay can also be used by some businesses. - Put money in the bank
Put real money into your trading account. Type in the amount you want to pay. Please confirm the purchase so that the money can be sent. - Get some Tether (USDT)
Once you have enough money, go to the trading area. Pick Tether (USDT) and type in the amount you want to buy. Make sure you want to buy.
Using a credit or debit card
The best way to use a credit or debit card
One of the best ways to buy Tether is with a debit or credit card. How to do it:
- Choose “card” on the exchange you want to use.
- Type in your card number.
- Type in how much Tether you want to buy.
- Make sure the deal is real.
Also read: BRICS: Russia Legalizes Crypto Payments for Trade
Making a bank transfer
How To Send Money Through A Bank
It might take longer to send money through a bank, but the fees are usually less. How to do it:
- Choose to send money to a bank account on your exchange.
- Type in your bank information.
- Send the amount of fiat coins you want.
- You will need to wait for the money to come into your exchange account.
How to Use Google Pay or Apple Pay
If you’d rather pay with your phone, Apple Pay and Google Pay are easy options:
- On your exchange, pick Apple Pay or Google Pay.
- To link your bank account, just do what it says.
- Type in the amount of Tether you want to buy.
- Make sure the deal is real.
How to properly store your Tether crypto?
If you buy Tether, it’s probably going to be a good idea to store it in a secure wallet. Hardware wallets like the Ledger or the Trezor, are very safe. You can also use a mobile wallet or, if the trade is safe, leave your money there.
Conclusion
It is easy to buy Tether (USDT) in Egypt if you know what to do. You can easily add Tether to your crypto account as long as you pick a safe exchange and a good way to pay. The process is easy and safe whether you use a debit card, credit card, bank transfer, Apple Pay, or Google Pay.
To protect your property, make sure you keep your Tether in a safe wallet. You can enjoy the security of a paper currency with Tether while also taking part in the exciting world of cryptocurrencies. Happy trading!