How much is one USDT in Nigerian Naira? Have you ever wondered about the price of USDT in Nigerian Naira? If you have, it’s probably because you have tried to sell USDT for money or you want to buy and hold USDT as savings. In this article, you will learn about USDT and its value in Naira.
What is USDT?
USDT is a stablecoin, and like all stablecoins, its value does not fluctuate like other cryptocurrencies. It is less volatile and predictable, making it a viable investment asset. The value of USDT is tied to the dollar. This means that one USDT is equal to 1 USD. For this reason, USDT has greater utility and liquidity than other crypto assets.
How does USDT work?
As mentioned earlier, USDT is a stable coin that bridges the gap between fiat currencies and other cryptocurrencies. It is equivalent to 1 USD, so you can use USDT the same way you use the dollar, only that it is faster with better access and less paperwork.
How much is one USDT in Nigerian Naira
The value of USDT is tied to the dollar. This means that one USD equals one USDT. Hence, the price of one USDT in Naira is equivalent to the dollar-naira rate. This value also depends on your exchange platform of choice. Astro Africa sells USDT at the best rates and has a rates calculator to help traders calculate the value of cryptocurrency in real time. By visiting the Astro Africa platform, you can easily calculate the value of 1 USDT in Naira and trade it for cash. 1 USDT is equivalent to 1,280 naira on Astro Africa.
Is USDT better than USD?
The major difference between USDT and USD is that USDT is a decentralized currency created by Tether, while USD is the physical form. Tether created USDT as a stable coin to remove all the control around the dollar by making it decentralized. USDT cuts across the access time and reduces the access period to enable faster transactions. Depending on your country, especially in African countries where the dollar is highly regulated, accessing dollars might take a lot of work. It involves a lot of paperwork and ends up with online confirmations that sometimes take days. USDT, on the other hand, saves valuable time as it only exists online and can be bought and sold easily on exchange platforms like Astro Africa. You can convert your local currencies to USDT in less than five minutes without going through due processes.
Is USDT better than USDC?
USDT and USDC have one thing in common: they are both stablecoins, and their values are tied to the dollar. However, they differ in several aspects, especially regarding their issuer, transparency, regulation, adoption, and the blockchains on which they run. USDT is more popular than USDC because it is surrounded by less sentiment. However, transferring USDC is cheaper to transfer and trade than USDT. This makes USDC easier to invest in and trade than USDT.
How to sell USDT on the Astro Africa iOS app
Selling USDT on Astro Africa is easy because the platform is easy to use and seamless. When you sell any cryptocurrency for money on Astro Africa, you are indirectly saying you enjoy the soft life because the platform will never stress you. Transactions are fast, and once confirmed, you get paid. You will also enjoy a reasonable fee structure, amazing customer support, and referral bonuses. You can trade USDT for Naira or Cedis on Astro Africa by following the steps below.
- Go to Apple Store and search for Astro Africa.
- Click download and install the app.
- Create an account using your valid email address and phone number.
- Click on Sell Crypto on your account dashboard.
- You can sell Bitcoin, Ethereum, USDT (Tether) and BNB. Choose Bitcoin as your preferred choice.
- On the next page, choose your payout wallet (Naira or Cedi wallet), and enter the amount in dollars or USDT; the calculator will display the amount you will receive in your local currency; click on proceed if you agree with the terms.
- The system will provide a wallet address that you can copy or scan to get the displayed bar code; click on “I have sent USDT” when you send the coin to the provided wallet address.
- Your wallet will be credited immediately after the Bitcoin transaction is verified.
