Crypto wallet addresses essentially exist to act as a unique identifier that enables you to send crypto to a specific wallet. Basically, each cryptocurrency possesses a unique address with several variants that identify different addresses on the blockchain. Wallet addresses generally come in a random mix of letters, numbers or QR codes.
USDT remains arguably the most popular stablecoin today. However, easy as it may seem, many still find it difficult to locate their USDT wallet address. This is why we have compiled this precise guide as sending USDT to the wrong wallet address may lead to a permanent loss of funds. Therefore, asking how to find my USDT wallet address is not a bad question at all – better safe than sorry.
An overview of USDT
Tether is a fiat collateralized coin which means it is pegged on Fiat (USD). It was launched in July 2014 as Realcoin and would later convert its name to Tether in November of the same year. The stablecoin is maintained by Tether LTS. and pegged on a 1:1 to the USD. More than 75% of Bitcoin trades have been carried out with USDT as of 2021. Ranking as the third-largest currency on the coin market cap, USDT enables traders to hedge against volatility and liquidity.
When compared to the US dollar, Tether has several benefits, the most important has to be its ease of use in cross-border transactions. Since the USDT is pegged on the dollar, it is easy for overseas investors who do not own USD bank accounts to receive Payments and transact in the coin.
Also, traders can maintain the value of the funds in their crypto accounts without fear of volatility. Equally unlike the USD, the Tether is built on the blockchain and is transparent, and can be traced easily. Transaction fees are also cheaper and faster than USD.
Tether is issued by Tether Limited and is issued on a 1-to-1 ratio basis and although the value may fluctuate, USDT manages to stay pegged to $1 as backed by Tether’s reserve.
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Step-by-step guide on how to find my USDT address
Follow the steps below to find your USDT address on Bitmama:
1. Download the Bitmama app for Android or iOS, register and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
Get to Level 1, 2 ,3 Verification on Bitmama app fast, the process is easy. Watch How to here:
3. On the bottom menu, select “wallet”
4. Navigate to “Crypto Wallet”
5. Select USDT
6. Click on “Fund”
7. Lastly, copy your wallet address or QR code and share it with the right party
Basically, finding and sharing your USDT wallet address has never been easier. All you need to do is follow the steps above and in minutes, you have it.
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As the best crypto exchange app in Africa, Bitmama offers a secure marketplace for crypto enthusiasts to trade USDT. Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for online payment.
Get started today by downloading the Bitmama app on Android or iOS.
