Basic Guide to Tether and Top Crypto Platforms

Believe it or not, there are thousands of cryptos available in the market. There are also a lot of cryptocurrency news websites that are constantly updating the ranking of these cryptos.

The Basics: Tether (USDT) 

Compared to many other cryptos, Tether is backed by something (USD). This simply means that 1 USDT is equivalent to 1 USD. What makes it more convenient to use it that is also backed by other fiat currencies.

Here are some of the reasons why you might want to use Tether:

Low Transaction Fees

The best thing about using USDT is that there are no additional fees if the transaction is between two Tether accounts or other blockchain-based wallets that support USDT.

Reliable and Secure

Since USDT is based on a blockchain network, it has one of the most secure systems. This is also because it follows the KYC and AML guidelines to make sure every coin is safe.

Stability

The reason why it is one of the most stable cryptos in the market is that its value is based on USD or other fiat currencies. This simply means that price fluctuations rarely happen.

Top Crypto Platforms

Well, to make the most out of it, here are some of the recommended crypto platforms that support USDT:

Changelly

The best thing about Changelly is that you do not need to provide any personal information. You just need an active email to make a transaction.

This platform is also best for investors and traders who are working with a huge amount of coins. Since it is available all over the world, it supports multiple cryptocurrencies.

Changelly also has a mobile app, a responsive website, and widgets with great security features.

ShapeShift

It is regarded as a global crypto trading platform that supports several cryptocurrencies. It is also easy to use and offers a great working interface for investors and traders.

Since it offers services worldwide, it can also work with several third-party applications. You can also trade coins without sharing personal information.

Bittrex

It is a trading platform known for its huge Bitcoin volume. One of their best features is that they offer secure KYC and intense privacy protection. However, this platform is ideal for traders in the United States.

Bittrex is also regarded as America’s leading blockchain technology and the most reliable trading platform.

ChangeNOW

It is a platform that offers hassle-free trading options. The best thing is that you do not need to register an account to start trading. Aside from its user-friendly interface, it also supports up to 170 currencies. 

ChangeNOW is also a non-custodial service that offers fast crypto transactions. To make it convenient, you can also buy cryptos using your VISA or Mastercard.

Kraken

Kraken is known as one of the oldest Bitcoin trading platforms operating since 2011. With its expertise in trading services, it offers excellent customer service, multiple funding options, and several crypto trading features.

What makes Kraken popular with crypto beginners is that it has excellent features that guides users on how to properly use cryptos.

Tips in Choosing the Best Crypto Trading Platform

Check the Insurance Fund

A good crypto trading platform will have an insurance fund in place. This means that it can catch investors under certain conditions.

Security Features

The most important thing to check is its security features. It is better to choose those with two-factor authentication.

The Fees

Since it is a trading platform, you also need to pay a fee. The amount varies from platform to platform. Have a look at this empirical study to learn more about the current industry averages.

The Reputation

It is also best to check site reviews, such as the ones in this list. In this way, you can easily familiarize yourself with the site and make sure that it has a clear reputation.

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