Since crypto gained popularity around the world, the question about the best crypto to buy is always being asked. Bitcoin and USDT are two cryptocurrencies that have gained massive recognition in their respective fields.
Bitcoin’s popularity stems from the fact that it was the first cryptocurrency to be created and also the first to be worth over $61,000. It is because of the success of Bitcoin that several other cryptocurrencies have been created. USDT, on the other hand, is quite different from Bitcoin because it is referred to as a stablecoin. These cryptocurrencies are both digital currencies, but they have their differences. Analyzing the differences between USDT and Bitcoin will help you make an informed decision when choosing the cryptocurrency to buy.
Overview of USDT
USDT is an acronym for United States Dollar Tether. It is a stablecoin which means it is not volatile like other cryptocurrencies. USDT debuted as a stablecoin in 2014 and has since remained the most stable, successful, and popular stablecoin. It is currently ranked 3rd among thousands of cryptocurrencies by CoinMarketCap.
Because of its stability, USDT has become very popular as a cryptocurrency and as an investment vehicle, especially for Africans. The value of USDT is tightly pegged to the value of USD, which means that 1 USDT equals 1 USD. USDT makes transactions cheap, simple, and faster. It has also become a medium of exchange for goods and services for many businesses.
Overview of Bitcoin
Bitcoin is the first cryptocurrency to gain popularity in the world. It was launched in 2009 as the first crypto and has changed how the world viewed finances. Because of Bitcoin’s success, many cryptocurrencies are being created today. Even though Bitcoin is volatile, it has continuously maintained its position as the cryptocurrency with the highest market capitalization. Bitcoin has many use cases as a medium of exchange, an investment vehicle, a quote currency, and lots more.
The main reason why Bitcoin was created by Satoshi Nakamoto in 2009 was to remove the need for an intermediary to ease financial transactions and reduce the regulation of fiat currencies.
Best Crypto to Buy between Bitcoin and USDT
The choice of cryptocurrency to buy, between Bitcoin and USDT, depends primarily on your goals as an investor. If you’re looking for a long-term investment and can handle the risk associated with volatility, Bitcoin is the way to go. Conversely, if you have a low-risk threshold and cannot handle losing your money, USDT is the way to go.
It is important to note that the gains you make from buying USDT depend on the performance of the naira against the dollar. If the value of the naira takes a nosedive, you’ll gain, but if it doesn’t and it increases in value, you’ll lose a substantial amount of money when converting. Buying USDT is not as glamorous as it seems, but it is safer if you’re not ready to handle the risks.
How to sell Bitcoin and USDT on Astro Africa
Some crypto traders cannot handle risk and only purchase stablecoins like USDT. Others are strong and resilient and will always purchase Bitcoin, regardless of the weather. But some are lucky enough to own both and need a platform to sell Bitcoin and USDT whenever they want. The best platform to find is Astro Africa. It is a simple and user-centric platform that makes trading more straightforward than we’ve always known it.
On Astro Africa, we sell bitcoin at the best rates despite the exchange market’s volatility. This way, your profits are always maximized. Astro Africa also tops other platforms in terms of security and customer service. To start, click the link below, create an account, set up your transaction pin, add an account number, and start trading Bitcoin for naira and Cedis immediately.
