How to spend USDT on paxful?

Create an account or sign in to your existing one. Signing up on Paxful comes with a free wallet where you can store your USDT. Select a payment method, enter the amount you want to spend in your preferred currency, then hit Search for Offers. Go over each offer and review their terms and conditions.

How do I buy and sell USDT?

Same as with the Bitcoin (BTC) trading in the Paxful marketplace, users can now buy and sell USDT with over 300 payment methods including bank transfers, online wallets, and gift cards. The USDT can be acquired without having to buy BTC first, and the stablecoin can be withdrawn directly from the Paxful Wallet.

What is USDT and how does it work?

USDT is a centralized cryptocurrency. That simply means that a single authority — such as a government, bank, or company — issues and controls the currency. If you have a debit card or credit card in your wallet, the issuing bank or company is the centralized authority.

Is USDT a stablecoin?

When the price of a specific coin remains stable (because it’s paired with USDT), investors can then use that coin pair as a more reliable medium of exchange and method of value storage, instead of just a speculative investment (whose price may go up or down at any moment). In addition to being a stablecoin, USDT is also fiat-collateralized.