Suppose you need to exchange Tether ERC20 (USDT) to Ethereum (ETH). In that case, you should know that this can be done in several ways: directly on the cryptocurrency exchange, through a p2p exchange service, and using an electronic exchanger. The first option seems to be the most convenient. But in reality, things are often different. The conversion rate may turn out to be unfavorable, which will lead to the loss of a certain amount of money. Transactions with individuals often involve unfavorable rates and inflated commissions; in addition, the coin reserve may not be enough to exchange currency at one time. Therefore, experienced users recommend giving preference to exchangers. In this case, it will be possible to note some advantages:
- Favorable and current conversion rates;
- Fairly large currency reserves;
- Reasonable commissions, often not exceeding 1%;
- Fast conversion of digital coins;
- The ability to fix the exchange rate at the time of execution of the transaction;
- High level of security provided you choose a reliable service provider.
This makes it clear why exchanging Tether for the Ether cryptocurrency is better through electronic exchangers. It remains to understand the intricacies of the transaction.
How to Organize Currency Exchange
First, you need to choose a reliable service provider. It is better not to look for it on your own, looking through the results issued by the PS. There is a high risk of encountering scammers here. Searching for cryptocurrency exchanges, use www.bestchange.com, which provides a list of online exchange sites that have repeatedly proven their honesty. Each exchanger has hundreds of positive reviews, which once again confirms the safety of cooperation. Therefore, you can focus all your attention directly on the transaction.
First, select the offer with the most favorable conditions. To do this, review the conditions for exchanging, and compare them according to the following parameters:
- Rate at which conversion will take place;
- Coin reserve;
- Restrictions on the minimum and maximum amount of converted amounts;
- The ability to fix the exchange rate at the time of filling out the application;
- Type of exchange – manual or semi-automatic.
Please note that the Tether USDT stablecoin in ERC20 network rate can be fixed at the time of application. It allows you to avoid unforeseen situations associated with a sharp drop in the price of the original currency, making the transaction not as profitable as expected.
Now you can start the exchange. Go to the exchanger’s website, fill out the application form and confirm it, send Tether to the service wallet, and wait for the balance to be replenished with the equivalent in Ethereum. Usually, coins arrive within the next 15-30 minutes.
What you need to remember when planning currency exchange
First of all, choose the right time for conversion. If you are not in a hurry to trade, wait until the price of the original currency rises. When Tether increases in price, you can get more Ethereum for it. Considering how unstable the price of digital gold, as Tether is called, can be, it is good to select an offer from an exchanger that allows fixing the rate when placing an application.
If you enter a transaction at a fixed rate, check how long you need to send Tether to use the current conditions. If you do not have time to complete the transfer, you must apply again.
Transfer to the exchanger exactly the amount of Tether that you specified in the application. This way, your translation can be identified. Carefully write down the wallet number to which you are sending Tether. Cryptocurrency transactions are non-refundable.
And the last thing: if you select an exchanger on BestChange, you can also earn money with this portal. The affiliate program is presented on the site. It provides for the payment of a reward for each new visitor who comes to the site based on your recommendation. The amounts are small, but receiving them will be a pleasant bonus.