Why cryptocurrency USDT is the best choice for a poker player and how to buy it?

17.03.2022

One of the key disadvantages of cryptocurrencies is the constant rate jumps. It's hard to take seriously a digital currency that's worth $32 today and 1 cent a week later. This volatility of bitcoin and other digital money creates a negative image in the eyes of ordinary users. The cryptocurrency world's response to this problem has been the emergence of Stablecoins. Let's talk about the most in-demand one of them.

What is USDT?

USDT is a cryptocurrency, whose main feature is that coins are tied to the dollar exchange rate. This allows USDT to be considered as an island of stability in the unstable world of digital money. The coin was created in 2015 by Tether. USDT also has analogues in other currencies: JPYT, UERT, CNHT. They are tied to the Japanese yen, the euro and the Chinese offshore yuan. USDT is the best of this list - by March 2022 it is the 3rd most traded currency on cryptocurrency exchanges.

A bit of an orphan, but a valuable dollar per Tether unit

USDT technology is based on the bitcoin blockchain, but does not have its own network. Because of this, stabelcoin was also issued on the blockchains of other platforms:

  • Ethereum;
  • EOS;
  • Tron;
  • Bitcoin Cash;
  • Binance Chain and Binance Smart Chain.

This list is constantly expanding with new blockchains.

Advantages of USDT

Rate stability is the main, but not the only advantage of Tether. Other features of USDT are:

  • High transaction speed. If it takes days or even weeks to transfer money in fiat, a few minutes are enough here.
  • Low commission. The cost of transfers in cryptocurrencies is many times lower than the same operations with traditional money and USDT is no exception.
  • Universality. The currency works not only within a single blockchain, but is supported by infrastructures of several popular solutions at once.
  • Stability. USDT exchange rate is kept at the same level due to the fact that the coin is secured with real dollars at Tether accounts. Information about the amount of currency and monetary assets is regularly published on the official website USDT. And the compliance of reports is ensured by frequent auditor checks.
  • Digital Liquidity. By March 2022, there are 17,543 registered cryptocurrencies. Sites that track the price of digital currencies monitor just under 10,000 of them in their indexes. But not every one can be bought and sold. Most are not trustworthy and people are in no hurry to buy them. At the most popular exchange Binance, you can buy more than 100 cryptocurrencies. USDT is among them. Moreover, Tether is presented on all major exchanges, so it is easy to buy and sell.
  • Datamining. In the last couple of years, more and more people have raised the issue of excessive energy consumption due to mining cryptocurrencies. That's why not being able to mine USDT looks like an advantage, not a disadvantage.

The big convenience of Tether coins is that they make life a lot easier for people who work with different cryptocurrencies all the time. They no longer need to constantly maneuver and swap bitcoins and altcoins for fiat money to lock in a profit or loss. It is enough to transfer money into USDT.

How to buy USDT on Binance?

To buy USDT, you need to create an account on Binance and pass verification. After verifying your documents, follow these steps:

1. Go to your account on Binance.

2. In the list of cryptocurrencies, select the line with Tether and click "Buy".

3. In the next window, type how much USDT you plan to buy. The second line will automatically show the required amount in dollars, euros or other fiat currency.

4. Choose a payment method and click "Continue".

More information about refilling your wallet and different options for buying cryptocurrencies can be found in the text "How to top up a wallet on the Binance exchange".

Why is cryptocurrency beneficial for PokerEnergy customers?

For PokerEnergy users, cryptocurrency is profitable for purely practical reasons: the purchase of any product with digital currency will cost 5% cheaper. Yes, if you place an order on 888Caption, you will save only $1.25. Not the most impressive motivation to dive into the world of cryptocurrency. However, if you sign up for a one-year subscription to Hand2Note Pro, you'll already be saving $29.4.

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