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Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
USDT to BTC: Convert and Swap Tether (USDT) to Bitcoin (BTC)
Compare Exchange Rates for USDT to BTC
| Platform | Tether | Bitcoin |
|---|---|---|
| YouHodler | 1 USDT | 0.0410 BTC |
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How to Buy Tether (USDT) with Bitcoin (BTC)
To buy Tether using Bitcoin, first, find a cryptocurrency exchange that supports the USDT/BTC trading pair, such as Nexo or PrimeXBT. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the USDT/BTC pair on the trading platform and place an order to exchange your Bitcoin for Tether. If the USDT/BTC pair is unavailable, you can first exchange Bitcoin 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.
How to Sell Tether (USDT) for Bitcoin (BTC)
To sell Tether for Bitcoin, first, find a cryptocurrency exchange that supports the USDT/BTC trading pair, such as Nexo or PrimeXBT. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/BTC pair on the trading platform and place a sell order to exchange your Tether for Bitcoin. If the USDT/BTC pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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