Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using Egyptian Pound, first, find a cryptocurrency exchange that supports the USDT/EGP trading pair, such as Bitmart or MEXC Global. Create an account, verify your identity, and deposit your EGP into your exchange wallet. Locate the USDT/EGP pair on the trading platform and place an order to exchange your Egyptian Pound for Tether. If the USDT/EGP pair is unavailable, you can first exchange Egyptian Pound for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Tether for Egyptian Pound, first, find a cryptocurrency exchange that supports the USDT/EGP trading pair, such as Bitmart or MEXC Global. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/EGP pair on the trading platform and place a sell order to exchange your Tether for Egyptian Pound. If the USDT/EGP pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Egyptian Pound. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez
A post by William Parvez