How to Purchase Canadian Dollar (CAD) Using Tether (USDT)
To purchase Canadian Dollar using Tether, start by finding a cryptocurrency exchange that offers the CAD/USDT trading pair. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Then, locate the CAD/USDT pair on the platform and place an order to trade your Tether for Canadian Dollar. If the pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Canadian Dollar. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.
How to Exchange Canadian Dollar (CAD) for Tether (USDT)
To sell Canadian Dollar for Tether, first, find a cryptocurrency exchange that supports the CAD/USDT trading pair. Create an account, verify your identity, and deposit your CAD into your exchange wallet. Locate the CAD/USDT pair on the trading platform and place a sell order to exchange your Canadian Dollar for Tether. If the CAD/USDT pair is unavailable, you can first sell Canadian Dollar for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
