• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Comment Features 202201

How To Buy Tether(USDT) In Ghana

18-Jan-2022
/ Features, Comment
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

 INTRODUCTION

Rapid advancement in Financial Technology has led to the creation of digital currencies, the most popular being Bitcoins. From its inception, the world of cryptocurrencies is known for its extreme volatility and its attractiveness to speculators. However, Stablecoins are a newer breed of crypto coins that are gaining popularity as they aim to tackle the problem of cryptocurrency volatility.

What are Stablecoins?

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value. It was introduced in 2014 with Tether and presently, the list of Stablecoins is wide and varied, amongst which we have the DAI, USD Coin, True USD, Digix Gold, Havven's Nomin, Paxos Standard, and Binance USD.

The majority of stablecoins that currently exist use the dollar as their benchmark asset, but many are also pegged to other fiat currencies issued by governments like the Euro and Yen.

As a result, the price of stablecoins fluctuates very little, unlike high-profile cryptocurrencies like Bitcoin and Ethereum that are prone to sudden ups and downs. Originally, stablecoins were primarily used to buy other cryptocurrencies, like bitcoin, because many cryptocurrency exchanges didn’t allow fiat funding.

What is Tether (USDT)?

Tether is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the Dollar, the Euro, or the Japanese Yen, which are held in a designated bank account.

Tether trade under the USDT symbol. It was specifically designed to build the necessary bridge between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction charges to users. It is pegged against the U.S. dollar and maintains a 1:1 ratio with the U.S. dollar in terms of value

Key Notes about Tether

●          Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable.

●          USDT is used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies while keeping value within the crypto market.

●          USDT remains a major source of liquidity for the cryptocurrency market.

●          USDT offers minimal transaction charges to users.

 
Why is USDT useful?

Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies.

Transaction cost: Having USDT (as opposed to the U.S. dollar, Euro or Yen) removes transaction costs and delays that impair trade execution within the crypto market.

Safe Haven Asset: Stablecoins have a value that is designed to be stable over any period. This feature makes stablecoins an ideal safe haven asset because, unlike cryptocurrencies like Bitcoin that can fluctuate dramatically in price every day, an individual using stablecoins to store value see no risk of loss, especially because they have full custody of their asset.

Remittance: Cross-border payments and remittances are very real problems that overseas workers face when trying to send money home. Sending money internationally comes with high fees. For example, most migrant workers in Asia send home approximately $200 monthly, but they must pay $12 in international transfer fees–half a day’s wages gone for many.

Thankfully, Yellow Card offers Ghanaians a safe platform to trade USDT with GHS at the best rates. Even better, USDT on Yellow Card is available on the Tron network (TRC-20) which offers cheaper network fees to transfer your usdt between wallets.

How Do I Buy USDT in Ghana on Yellow Card?

To buy USDT on Yellow Card, follow these steps:

1.       Sign up for a Yellow Card account

2.       Fund your wallet with GHS. You can add money to your wallet using mobile money:

●         Tap on Deposit

●         Tap on Mobile Money

●         Entire the desired amount you want to deposit

●         Confirm with  your phone number and choose your network provider

●         Tap continue then confirm.

3.       Buy USDT on the TRON network. Just follow the steps below:

●         Sign up for a Yellow Card account

●         Tap on USDT

●         Tap on Trade

●         Tap on Buy

●         Enter your desired amount

●         Tap continue then confirm.

How Do I sell USDT in Ghana on Yellow Card?

You can also sell USDT on Yellow Card. Log in to your account and follow these steps:

1.       Tap on USDT

2.       Tap on Trade

3.       Tap on sell

4.       Enter your desired amount

5.       Tap continue

6.       Tap confirm

Once you have sold your USDT, you can easily withdraw to your Momo.

Conclusion

It is safe to say that Ghanaians and foreigners residing in Ghana can stay in the cryptocurrency space  by using USDT. It is now possible to escape the volatility of other cryptocurrencies and protect your finances against inflation resulting from the ravages of the health crisis.

Start trading USDT

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

NPP Executive Election: Research Bureau Findings Bogus

Next Post

Adam Bonaa Writes: Makers Of Laws Lawless!!!

 
 

More Stories

Ghanaians To Exchange Their Refuse For Money?
Philip Kyeremanteng: Why Achimota Forest Must Be Reserved
NPP Internal Elections - The Akoto Factor Still Gathering Momentum In The Upper East Region
Play The Hand You Are Dealt: A Piece About African Governments, Food Security And The War On Ukraine
How Should the BoG Respond to the Run-Away Inflation and the High Cost of Living in Ghana?
Dela Coffie Writes: Ohene Agyekum, Ashanti Elders Must Stay Off Duffuor’s Politics
Is The NDC Now A One Man Church?
When Africans Asked For COVID Shots, They Didn't Get Them. Now They Don't Want Them
May 15 – The Day June 4 Was Born
Next Post

Adam Bonaa Writes: Makers Of Laws Lawless!!!

  Opinion

  • Articles/Features
  • Editorials
  • Announcement
  • Press Release


 
 

Other Features Stories

  • Ghanaians To Exchange Their Refuse For Money?

  • Philip Kyeremanteng: Why Achimota Forest Must Be Reserved

  • NPP Internal Elections - The Akoto Factor Still Gathering Momentum In The Upper East Region

  • Play The Hand You Are Dealt: A Piece About African Governments, Food Security And The War On Ukraine

  • How Should the BoG Respond to the Run-Away Inflation and the High Cost of Living in Ghana?

  • Dela Coffie Writes: Ohene Agyekum, Ashanti Elders Must Stay Off Duffuor’s Politics

  • Is The NDC Now A One Man Church?

  • When Africans Asked For COVID Shots, They Didn't Get Them. Now They Don't Want Them

  • May 15 – The Day June 4 Was Born

  • Has The “Milk-of-human-mercy” Dried-up?

 

 
 

Popular Videos

Kokrokoo Live On Peace 104.3 FM (18/05/2022)

Kokrokoo Discussion Segment On Peace 104.3 FM (19/05/2022)

Kokrokoo Discussion Segment On Peace 104.3 FM (20/05/2022)

Kokrokoo Live On Peace 104.3 FM (19/05/2022)

Peace Power Sports (18/05/2022)

Exclusive: An aerial shot of Achimota Forest Reserve #UTVNews

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media