Convert Bitcoin (BTC) to Tether (USDT) Online

Bitcoin is as valuable as it has ever been, and those who have reaped huge profits from its gains may want to exchange it for something else to avoid a market downturn. Tether (USDT) is a great option for Bitcoin traders who want something more stable. This article shows readers how to make a btc usdt exchange in five easy steps. 

What is BTC to USDT Trading Pair?

In crypto-speak, a trading pair is the two coins or tokens to be exchanged. In this instance, the pair is BTC and USDT. Bitcoin is used to buy a certain amount of USDT. For example, as of January 2022, one Bitcoin can buy around $43,000 USDT. If you did the exchange the other way around, it would take that same number of USDT to buy one Bitcoin. 

Bitcoin Last Updates and News

Bitcoin was the first cryptocurrency to come into existence, and it is the most recognized coin on the market. Since it has name recognition, it is the best performing coin in terms of its price. 

Bitcoin began its meteoric rise at the start of the pandemic, reaching all-time highs of $63,500 in March of 2021 and $67,500 in November of the same year. Since November, Bitcoin has fallen to around $40,000. Still, it will likely rebound due to increased institutional demand and inflation caused by loose fiscal policies, supply chain constraints, and high prices for oil and gas. As a result, Seba Bank CEO Guido Buehler believes Bitcoin could increase in value to $50,000 or $70,000 in 2022. 

Tether Last Updates and News

Bitcoin is not backed by anything, and its value is purely based on supply and demand. This is one of the reasons why Bitcoin’s value is prone to radical rises and spectacular collapses. However, unlike Bitcoin, USDT is a stablecoin backed by dollars. Stablecoins are backed by reserve currencies like dollars, euros, yen, and other major fiat currencies to be stable (thus, the name). Proof of its stability is that it has never fallen below $0.91, and it has never risen above $1.09. This stability makes USDT ideal for people who want a stable digital asset. 

Despite its stability, USDT has had its share of problems. In 2017, $31 million coins were stolen from the exchange called BitFinex, which has developed USDT as their native currency. There were also accusations in 2018 about Tether not having an adequate amount of dollars backing it when its parent company Tether Ltd. failed to conduct an audit. Furthermore, the New York attorney general accused Tether Ltd. of hiding hundreds of millions of dollars worth of losses and mixing corporate and investor funds. Tether responded by saying that these funds were not missing and were being safeguarded. 

Since 2018, USDT has lost 50 percent of its market share. The reasons behind this are the emergence of new stable coins and the People’s Republic of China tightening of restrictions governing the use of cryptocurrency. China was Tether’s biggest market. However, it’s still one of the most traded currencies on the market — fifth in the rating. The reasons for it are a) you can pay with USDT for different goods much faster than with BTC (because of BTC’s somewhat cumbersome blockchain it “lives” upon), b) USDT, as it’s already been mentioned, is considered more stable because of its one-to-one ratio to the dollar. 

How to Swap BTC for USDT in 5 Steps

https://godex.io is a simple exchange with a friendly interface that any user, no matter their level of experience, will be able to get a handle of. 

• Choose a Pair: Select Bitcoin and USDT from a list of over 300 coins. (Note, that although it’s not the subject of discussion in this article, this exchange does not allow users to trade fiat).  
• Choose the Amount to Trade: Trade any amount you like. Godex does not impose limits on its customers. 
• Enter Your Wallet Address: In the required field, enter your wallet address for USDT. 
• Initiate the Exchange: After depositing a required sum of BTC into the address Godex gives you and clicking on “exchange”, the funds arrive at your USDT wallet in five to thirty minutes. Also, the exchange rate is locked during that five to thirty minutes. 
• Receive Your Funds: You can read all the exchange details when the trade is completed. 

Additionally, Godex is entirely anonymous. Users do not have to provide any personal details to meet know-your-customer requirements, open an account or pass any verification tests. The absence of your personal information on their site reduces the likelihood of that information being compromised by cyber-criminals. 

To Conclude

Bitcoin and USDT are excellent investments because Bitcoin is projected to grow and USDT is backed by stable fiat currencies. However, if you want to trade these currencies, be sure to do it with an exchange like Godex that is easy to use and respects the privacy of its users. Also, although BitFinex forked their currency after the cyberattack five years ago, it’s a good idea to monitor messages about leaks and hacks about USDT. It’s a good currency, but it’s always better to be safe than sorry when doing any kind of investment work.