USDT is a token for all crypto investors and traders. The benefits accrued to this token make it one to hold for all investors.
USDT is up there among the top cryptocurrencies in the world. The stablecoin is ranked 3rd only behind BTC and ETH among thousands of crypto assets in the crypto market. As of January 2022, USDT has a market capitalization of $78. 44 billion with a trading volume of $77.22 billion.
The numerous holders of this token need to sell it at some point. If you’re looking for where to sell your USDT in Nigeria and Ghana, then you’re at the right place. Before then, let’s learn more about the token.
What is USDT?
USDT is a stablecoin (has a stable value) that mirrors the price of the US dollar issued by a company called Tether. USDT is the trading symbol of Tether.
The token is always pegged to the US dollar. This is achieved by maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes and treasury bills in reserve. This is equal in value to the number of USDT in circulation.
Tether (USDT) was launched in 2014 as Realcoin. It was created to combine the unrestricted nature of cryptocurrencies.
Why Invest In USDT?
The token’s unique feature is the fact that its value is generated by Tether to remain pegged to the USD. This makes it protected from fluctuation like other crypto assets.
This property makes the token a safe haven for crypto investors especially during periods of high volatility. They can park their portfolios in Tether without having to completely cash out in USD.
Another reason to invest in USDT is that it provides a simple way to transact a US dollar equivalent between different countries via blockchain.
Where To Sell USDT In Nigeria and Ghana
Crypto investors who look to sell their USDT token in Nigeria and Ghana can get it done with ease on Prestmit. This digital exchange platform is trusted and reliable for selling gift cards as well as top crypto assets. The platform is fast, secure, user-friendly with good rates for trades.
USDT along with Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) are all supported by its peer-to-peer trading platform.
How To Sell USDT in Nigeria and Ghana
If you want sell your USDT directly for naira. Follow the steps below:
- Create a Prestmit account or download the mobile app
- Proceed to the trade page and click on SELL USDT trade
- Send the coins to any of the provide addresses, as it suits your purpose
- Submit the screenshot of the transaction
- Wait a few minutes and your wallet balance will be credited at the corresponding rate
- Rates are displayed on the page.
Prestmit is one of the top gift card and cryptocurrency platforms in Ghana that allow you exchange USDT to cedi and gives a free wallet address upon registration. If you want to convert your USDT to naira on such platforms, your wallet address will be required. Once you transfer the coin, the agreed amount will be transferred to your account.
To Convert Your USDT to Naira on Prestmit, all you have to do is download the mobile app and register an account. If you already own one, just log in. Thereafter, go ahead to the trade page , start a USDT trade and send the coins to any of the addresses given, that fits your plan.
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.
Questions have been raised about Tether at some points. This is to show that investment in cryptocurrency is still very risky. If you’re delving into this form of investment then you should learn more about the crypto asset and the platform you’ll be using for trading.