Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using Somali Shilling, first, find a cryptocurrency exchange that supports the USDT/SOS trading pair, such as LBank. Create an account, verify your identity, and deposit your SOS into your exchange wallet. Locate the USDT/SOS pair on the trading platform and place an order to exchange your Somali Shilling for Tether. If the USDT/SOS pair is unavailable, you can first exchange Somali Shilling 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 Somali Shilling, first, find a cryptocurrency exchange that supports the USDT/SOS trading pair, such as LBank. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/SOS pair on the trading platform and place a sell order to exchange your Tether for Somali Shilling. If the USDT/SOS pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Somali Shilling. 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