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How to Buy USDT on the TRON network in Zambia

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Since their creation and use, cryptocurrencies are known for their volatility. But, amongst the crypto coins that are gaining popularity and tackling the problem of cryptocurrency volatility, Tether was introduced in 2014 and became USDT later on.  USDT because it is pegged to the U.S. dollar which does not change much in value.

What is USDT?

USDT is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the Dollar, the Euro, or the Japanese Yen, which are held in a designated bank account.

It was specifically designed to bridge the gap between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction charges to users. It is pegged against the U.S. dollar and maintains a 1:1 ratio with the U.S. dollar in terms of value.

Why is USDT useful?

Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies.

Transaction cost: Having USDT (as opposed to the U.S. dollar, Euro or Yen) removes transaction costs and delays that impair trade execution within the crypto market.  With the COVID-19 repercussions, banks in Zambia are trying to attract more customers and stay in business though their fees and rates are relatively exorbitant. However, using USDT, Zambians get the opportunity to shy away from the banking fees as well as exchange rate margin that are charged by banks depending on the foreign currency.

Safe Haven Asset: USDT has a value that is designed to be stable over any period. This feature makes it an ideal safe haven asset because, unlike cryptocurrencies like Bitcoin that can fluctuate dramatically in price every day, an individual using stablecoins to store value see no risk of loss, especially because they have full custody of their asset.

Remittance: Cross-border payments and remittances are very real problems that Zambian emigrants face when trying to send money home. A World Bank report argues that Africans have to pay as high as $12 for any $100 sent home. If remittances are a major source of income for most African homes, it will be beneficial to have the cost of the transactions reduced to the advantage of the beneficiary populations.

The good news is that Zambians and other residents now have a safe platform to trade USDT with the ZMW at the best rates. Moreover, USDT on Yellow Card is available on the Tron network (TRC-20) which offers cheaper network fees to transfer your usdt between wallets.

How Do I Buy USDT in Zambia on Yellow Card?

To buy USDT on Yellow Card, follow these steps:

  1. Sign up for a Yellow Card account
  2. Fund your wallet with ZMW. You can add money to your wallet using bank transfer, SPENN or Airtel and MTN mobile money. To fund your account with kwacha:
  • Tap on Deposit
  • Select your preferred payment method
  • Entire the desired amount you want to deposit
  • Confirm the details of your deposit
  • Tap continue then confirm.
  1. Buy USDT on the TRON network. Just follow the steps below:
  • Tap on USDT
  • Tap on Trade
  • Tap on Buy
  • Enter your desired amount
  • Tap continue then confirm.

How Do I sell USDT in Zambia on Yellow Card?

You can also sell USDT on Yellow Card. Log in to your account and follow these steps:

  1. Tap on USDT
  2. Tap on Trade
  3. Tap on sell
  4. Enter your desired amount
  5. Tap continue
  6. Tap confirm

Once you have sold your USDT, you can easily withdraw your kwacha to your bank account or through SPENN.

Conclusion

Cryptocurrency enthusiasts in Zambia can trade USDT using Yellow Card services. Escaping the volatility of other cryptocurrencies and protecting your finances against inflation is an opportunity no one should miss.

Start trading USDT

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ZAMBIA: COVID-19 STATS

30 Nov 2022, 10:45 AM (GMT)

Zambia Stats

333,746 Total Cases
4,019 Deaths
329,690 Recovered

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