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How to Exchange USDT to BTC on Swapzone?

How to exchange USDT to BTC? Tether to Bitcoin
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Bitcoin has managed to inspire the creation of a global industry of individuals and businesses that trade, create, and invest in Bitcoin and other cryptocurrencies. Not to mention, the entire cryptocurrency industry, now estimated at more than $2 trillion, is all based on the idea realized by Bitcoin. The only downside to Bitcoin is that it experiences wild price volatility that hardly makes it the best choice for investors looking for a stable store of value. For this reason, Tether has slowly solidified its position as the best stablecoin in the industry.

According to data from CryptoCompare, USDT BTC trading represents the majority of Bitcoins traded into stablecoins. Data from several technical indicators also reveals that USDT is currently bearish while Bitcoin is bullish. Therefore, it’s a good time to exchange USDT to BTC. However, remember that these technical indicators don’t provide a full picture of what’s happening in the market. Therefore, always do your own due diligence before making any decision.

How to Exchange USDT to BTC on Swapzone?

What is Tether (USDT)?

Tether is a blockchain digital asset that’s part of a class of digital currencies known as stable coins. Their aim is to have their value remain unchanged, compared to what is seen in the prices of popular digital assets such as Ethereum and Bitcoin. Tether was created by the crypto exchange Bitfinex as the native token for the Tether network. Currently, Tether is the fifth-largest cryptocurrency with a market cap of over $69 billion.

Tether is specifically pegged to the value of the USD. Therefore, 1 USDT is equivalent to $1. In other words, it builds a bridge between digital currencies and fiat currencies. It offers stability, transparency, and offers minimal transaction fees to users. It helps crypto traders avoid the volatility of popular cryptocurrencies. For instance, a trader can easily convert their Bitcoin holdings to USDT to avoid losing value through constantly changing prices. Additionally, by converting to USDT, traders escape the high fees and extremely long waiting times associated with Bitcoin.

What is Tether (USDT)?

What is Bitcoin (BTC)?

Not only is Bitcoin the first crypto to ever exist, but it’s also the most popular cryptocurrency out of myriads of cryptos that exist today. At its core, Bitcoin is a digital currency that anyone can buy, sell, or exchange without the need of an intermediary such as a bank. Every Bitcoin transaction is recorded on a public ledger that’s accessible to everyone. Unlike the Tether that’s pegged against the USD, Bitcoin isn’t backed up by anything or anyone. There is nothing that guarantees Bitcoin’s value.

Ever since Bitcoin launched in 2009, it has grown dramatically in value. For instance, Bitcoin once cost about $150 a coin. Today, the price of one Bitcoin goes for well over $50,000, step-by-step approaching the 100,000$ mark. Since its supply is limited to only 21 million coins, experts forecast its price to only keep rising. Especially if more mainstream investors and institutions start to treat it as digital gold. Bitcoin has managed to remain at the top of the crypto market even after over a decade of existence, therefore, making it the first-choice crypto for speculative investors.

What is Bitcoin (BTC)?

Tether vs Bitcoin

The table below represents some of the major differences between Tether and Bitcoin.

 

Tether

Bitcoin

Ticker/ Symbol

USDT

BTC

Launch Date

July 2014

January 2009

Founder

Brock Pierce, Craig Sellars, and Reeve Collins

Satoshi Nakamoto

Function/ Purpose

To keep cryptocurrency valuations stable

An alternative digital payment system free of central control but otherwise be used just like traditional currencies.

Price

$1.00

$62,452.22

Market Cap

$ 69,675,319,123

$1,177,515,812,869

Total Supply

71,357,845,273

18,854,668

Max Supply

Unknown

21,000,000

Tether vs Bitcoin

How to convert USDT to BTC on Swapzone?

If you are wondering how to convert USDT to BTC, worry not. Swapzone is the best Tether Bitcoin exchange platform in the market today. It offers an easy way to exchange USDT to BTC without the hassles of opening an account and verifying your identity. Below is a step-by-step process on how to conduct your USDT to BTC exchange on Swapzone:

Step 1. Launch Swapzone on your internet browser.

Step 2. Locate the “select pair” tab.

Step 3. In the “send” section select USDT and in the “get up to” section, select Bitcoin. 

Step 4. Enter all the correct details in the tabs. You will now be able to see all the different exchange rates offered on Swapzone.

Step 5. Choose the offer that best suits you and then click on “exchange”.

Step 6. Enter your wallet details and make sure that they are correct. Once you’ve verified everything is correct, click on “proceed to exchange”.

Step 7. This will prompt the transaction to start. At this point, all you have to do is wait for the transaction to complete.

Step 8. Once the transaction is done, take a moment to rate the exchange partner and leave a review. The process is done.

How to convert USDT to BTC on Swapzone?

How to buy Tether with Bitcoin?

Wondering how to buy Tether with Bitcoin? Don’t worry, the process is not that complicated. A majority of exchange platforms support the Tether Bitcoin pairing so it won’t be a problem. However, we recommend that you use Swapzone if you want to escape all the hassles of opening an account and verifying your identity on major exchange platforms. At Swapzone, you can bypass all these hassles and buy BTC with USDT or vice versa. The process is the same as described in the previous section.

How to buy Tether with Bitcoin?

1 USDT to BTC

Currently, according to data from Swapzone, 100 USDT is equal to 0.00161750 BTC. That means that you will receive 0.0000161750 worth of Bitcoins for 1 USDT. However, the crypto market is very volatile, hence from this widget below, you can see the best possible rate to get up 1 USDT to BTC.

USDT to BTC Converter

Swapzone USDT to BTC converter lets you easily check the current USDT to BTC exchange rate. Through it, you can even make reverse calculations to find out the BTC to USDT exchange rate. If you prefer visual data, you can access this through the USDT BTC chart that shows the historical price data of both coins.

USDT to BTC Converter