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What is a stablecoin? How to buy/sell USDT stablecoin?

#稳定币#USDT59
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Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a fiat currency, with USDT being a prominent example pegged to the US dollar. They serve as a safe haven for funds in the volatile cryptocurrency market and facilitate trading between different cryptocurrencies. To buy or sell USDT, users can utilize exchanges like OKX or Binance, which support fiat deposits and conversions to stablecoins. **Buying USDT via App:** 1. Open the OKX app and navigate to "C2C Buy." 2. Select a merchant and input the desired amount. 3. Follow the merchant's payment instructions and confirm payment. **Selling USDT via App:** 1. Go to "C2C Buy" and select "Sell." 2. Input the amount to sell and confirm the sale. 3. Communicate with the buyer and confirm receipt of payment before releasing USDT. **Buying USDT via Web:** 1. Access the OKX website, go to "Buy" > "C2C Buy." 2. Choose a merchant, enter the purchase amount, and complete the payment. **Selling USDT via Web:** 1. Navigate to "Buy" > "C2C Buy" > "Sell." 2. Select a merchant, input the amount, and confirm the sale. 3. Monitor payment receipt and confirm before releasing USDT. This guide provides a comprehensive overview of stablecoins and the processes for buying and selling USDT on both mobile and web platforms.

Table of Contents#

What is a Stablecoin?
How to Buy/Sell USDT Stablecoin?
Buying USDT on the App
How to Sell USDT on the App?
How to Buy USDT on the Web?
How to Sell USDT on the Web?

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In the cryptocurrency market, price volatility is the norm, but there is a special type of cryptocurrency designed to withstand such fluctuations, known as stablecoins. The biggest feature of stablecoins is their price, which is always pegged to a certain fiat currency; for example, the most common USDT is equal to one dollar. These types of coins have become a safe haven for funds in the crypto world and are often used as bridge assets for trading between different cryptocurrencies.

Many newcomers are unaware of what stablecoins are and how to buy them. In this article, I will help you understand what stablecoins are and teach you how to buy and sell USDT.

What is a Stablecoin?#

A stablecoin is a type of virtual currency that pegs its price to a fiat currency; for example, USDT is a stablecoin pegged to the US dollar. It is backed by Tether, which maintains a 1:1 reserve with real US dollars. Moreover, USDT is also the most widely circulated and utilized stablecoin.

How to Buy/Sell USDT Stablecoin?#

We can buy or sell directly through exchanges, such as OKX or Binance, both of which support fiat currency deposits and exchanges for stablecoins. Today, I will use OKX as an example to demonstrate.

Buying USDT on the App#

  1. Open the OKX App (official registration official download), click on [C2C Buy Coins] - [Buy] - select a merchant and click to buy.

  2. Choose a tradable merchant to purchase - enter the required digital asset amount or quantity - pay attention to the merchant's required [Payment Method] and [Payment Duration] - click [0 Fee Purchase] - after the order is generated, click [Get Payment Details] - make payment according to the [Merchant Account] - after successful payment, click [I Have Paid] - click [Confirm Transfer] - the merchant will release the coins once they receive the payment.

How to Sell USDT on the App?#

  1. Open the App, click on [C2C Buy Coins] - [Sell] - select a merchant and click to sell.

  2. Enter the digital asset amount or quantity to sell - click [0 Fee Sell] - choose the payment method, click [Next] to confirm the selling information; if the information is correct, click [Confirm]. The platform will automatically match you with a merchant to sell, waiting for the buyer to pay.

  3. You can contact the buyer in the [Chat] dialog box, and after the buyer makes the payment, check the payment status promptly. Be sure to log in to WeChat/Alipay/mobile banking to check the payment status. After confirming the funds have arrived, quickly click [I Have Received Payment], and then release the digital assets to the buyer.

How to Buy USDT on the Web?#

  1. Open the official website (official registration), click on [Buy Coins] - [C2C Buy Coins] - [C2C] - [Buy], select a tradable merchant to purchase.

  2. Choose a tradable merchant to purchase - enter the [Purchase Amount] - select the [Payment Method] - click [0 Fee Purchase] - view order details and click [Confirm] - after payment is completed, click [I Have Transferred] - the merchant will release the coins after receiving the payment.

How to Sell USDT on the Web?#

  1. Open the official website, click on [Buy Coins] - [C2C Buy Coins] - [C2C] - [Sell], select a tradable merchant to sell.

  2. Choose a tradable merchant to sell - enter the [Sale Amount] - select the [Payment Method] - click [0 Fee Sell].

  3. Click [Next] to confirm the selling information; if the information is correct, click [Confirm]. The platform will automatically match you with a merchant to sell, waiting for the buyer to pay.

  4. You can also contact the buyer in the [Chat] dialog box, and after the buyer makes the payment, check the payment status promptly. Be sure to log in to WeChat/Alipay/mobile banking to check the payment status. After confirming the funds have arrived, quickly click [I Have Received Payment], and then release the digital assets to the buyer.

The above is the detailed content on what stablecoins are and how to buy/sell USDT stablecoins.

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