Tether [USDT] is currently the third-largest cryptocurrency today and the number one stablecoin. While several other crypto assets are facing a market downturn, stablecoin such as USDT is unaffected.
USDT is one of the top crypto assets one can get or earn for free today. Top crypto assets such as bitcoin can be mined and get rewarded at the end. This is quite expensive and can’t be termed as ‘getting it for free.
Meanwhile, USDT on its own can be earned for free by completing easy tasks. You can receive a USDT for free in your portfolio when someone sends you as a gift.
In this post, we’ll learn how to earn free USDT for free. For the sake of beginners, let’s know more about USDT and its uses.
Table of Contents
What is USDT?
USDT is a cryptocurrency issued by Tether Limited. Each USDT token is backed by 1 US dollar. The price of USDT is therefore $1 at any time.
Tether [USDT] belongs to the category of cryptocurrencies referred to as ”Stablecoins”. This is because they serve the purpose of being a stable dollar substitute.
Tether converts cash into digital currency, this is done by converting the value of the coin to the price of fiat currencies like the USD, EUR, and the Japanese Yen.
Tether [USDT] is issued on the ETH, TRON, and OMNI blockchains. Asides from the popular token pegged to the US dollar, Tether limited has launched other tokens pegged to other fiat currencies such as the Euros, Pesa, and so on.
What are the Uses of USDT?
Here are the most common uses of USDT in our world today. They are discussed below-
1. Payment of Goods & Services
You can use your Tether [USDT] to pay for goods and services. Some businesses and merchants in the world today are receiving USDT as a form of payment. This is one of the reasons it has grown to be among the top crypto assets today.
2. Trade USDT for Cash
Today, there are several exchanges and trading platforms that allow users to exchange their USDT for fiat currencies such as USD, EUR, and so on.
If you are in Nigeria or Ghana in West Africa, Prestmit is the best place to trade your USDT for local currencies which include the Nigerian Naira & Ghanaian Cedis.
3. As a Store of Value
Tether [USDT] can be hodl for the long term if one is trading. USDT when held is meant to maintain a stable value relative to 1 US dollar. Investors make use of the Tether [USDT] wallet to store this crypto asset.
How to Earn Free USDT for Free
USDT is available for free on several platforms which include Binance, Idle-Empire, and so on. Many crypto projects are giving out USDT for free by completing social tasks such as liking, retweeting, and commenting on social media posts as the case may be.
We’ll look at the simple steps to earn free USDT for free on the Idle-Empire platform. They are-
You can register on the platform using your social media account [Facebook, Twitter, Discord, Google, and Steam]. You can also do this using your email address and password.
2. Start to Earn Points
Once you are registered, you can now take part in activities that will help you earn free USDT. Tasks that need to be completed to earn for free are answering paid surveys, playing games, watching videos, or testing software.
3. Get your USDT for Free
After completing these tasks by collecting enough points, you’ll be rewarded with free USDT. Within 24hrs, you can have your free USDT.
How to Sell your USDT
You can sell your earned USDT if you need to do so. If you are selling your USDT at any point, Prestmit is the best to sell USDT, and other top crypto assets such as BTC, DOGE, & LTC.
We’ll look at the simple steps to take when selling Tether [USDT] on the Prestmit app. They are listed below.
1. To sell your USDT on Prestmit, download the mobile app and register an account. If you already own one, just log in.
2. Go ahead to the trade page, start a USDT trade and send the coins to any of the addresses given, that fit your plan.
3. Deliver the screenshot of the trade, then give it a few minutes, and you will get credited to your wallet balance at the corresponding rate.
Easy peasy? Yup! It is very easy to sell your crypto assets such as USDT on the Prestmit app.
The Bottom Line
USDT is the third largest cryptocurrency today and the number one in the list of coins that are stable, i.e. without volatility.
To earn free USDT today, there are newly launched projects that are giving out this stablecoin. Users get their rewards for completing small tasks such as watching videos, playing games, completing courses & quizzes, etc.