Swapping Bitcoin (BTC) to Tether (USDT) is easy and straightforward with Zengo. Within a few seconds, you can trade your Bitcoin for Tether or vice versa and send or spend it right away. Swap your Bitcoin for Tether safely and without any problems via your Zengo wallet app whenever you want from the palm of your hand.
Bitcoin is the most popular and well-known cryptocurrency ever created and has become the de facto store of value among cryptocurrency investors. Bitcoin has been compared with gold by many financial experts, and the price per Bitcoin is several tens of thousands of dollars, making it the most expensive cryptocurrency. Bitcoin uses a Proof-of-Work consensus mechanism, which means that Bitcoin miners compete against each other verifying blockchain transactions by using the calculation power of their computers. The first miner to find the right hash receives Bitcoin as a reward.
Tether is a cryptocurrency pegged to the American Dollar and backed 100% by Tether’s reserves. It is owned by iFinex, a FinTech company that also owns the cryptocurrency exchange BitFinex. In 2014 Tether launched as RealCoin, but rebranded to Tether later that year. As of the writing of this guide, Tether is the third-largest cryptocurrency after Bitcoin and Ethereum and accounts for two-thirds of exchanges out of Bitcoin by value. As long as Tether is pegged to the dollar, it will always be worth around 1 USD. Because of this price stability, Tether is called a stablecoin.
To trade Bitcoin for Tether or the other way around, download and install the Zengo wallet app from Google Play or App Store and set up your personal account.
When you have set up your Zengo wallet app, take the following steps to swap BTC for USDT:
Open your Zengo app and tap on the “Actions” button on the main menu.
Select BTC and USDT, and specify the amount of Bitcoin or Tether you want to swap.
After ensuring all transaction details are accurate, tap “Confirm.” Zengo will notify you when the transaction has been completed successfully.
Swapping Bitcoin for Tether is effortless with the next-gen Zengo cryptocurrency wallet. Swap BTC for USDT as smoothly and safely as possible, just like thousands of other Zengo users. Other key reasons to use Zengo are:
As a non-custodial wallet, Zengo’s wallet gives you complete control over your private keys. Additionally, the app was designed with ease of use in mind, reducing the chance of errors during crypto transfers.
With Zengo, users can trade digital assets at fair and competitive rates. In addition, Zengo does not charge its users for sending and receiving cryptocurrencies, although network fees still apply. As a Zengo user, you can set your own gas fees to improve the experience. Based on your need, you can pay more for a faster transaction or pay less and wait longer. For more information on our custom network fees, click here.
Zengo has a keyless biometric recovery system, which allows you to access your funds even if you lose your mobile device or accidentally remove the app. You can simply download the Zengo app on a new device and sign in again using your facial ID.
Cryptocurrency trading can be exciting, but it also carries risks due to the unpredictable nature of the market. While Zengo offers a safe and secure environment for storing digital assets and allows you to engage with Web3 Dapps, we do not offer financial advice. If you plan to invest in cryptocurrencies or NFTs, make sure you do your research.
Zengo provides users with everything they need to make swapping BTC for USDT and vice versa as seamless as possible. Do you still have questions about swapping Bitcoin for Tether? Then check out the FAQ section below.
The difference between Bitcoin and Tether is that Bitcoin is the most important cryptocurrency of the highest value and a store of value, so to speak. Bitcoin is also highly volatile. Tether is the third-biggest cryptocurrency by market capitalization and a ‘’gateway coin’’ that enables people to invest in cryptocurrencies, but it isn’t volatile at all as it is pegged to the United States Dollar. For this reason, we call Tether or USDT a stablecoin. You can see Tether tokens as digital dollars that are worth a dollar each and are in digital form, just “not yet invested” (some might say that they have invested in the USDT token) into any cryptocurrency yet.
Most major cryptocurrencies can be traded directly for both Bitcoin and Tether, but most lesser-known altcoins can only be traded for either Bitcoin or Tether. Often staking platforms allow users to lock up their Tether tokens for a fixed amount of time to earn interest – a way of generating passive income with crypto. Another key difference is that Bitcoin uses a Proof-of-Work consensus mechanism and can be mined. On the other hand, Tether uses a Proof-of-Stake consensus mechanism and cannot be mined. Instead, new Tether tokens are minted whenever traders or investors have a demand for them.
This means that you sell your Bitcoin and receive Tether in return via Zengo’s integrated cryptocurrency swapping feature. You may want to do this because you prefer to hold onto one cryptocurrency over the other.
Yes, you will need a safe and reliable cryptocurrency platform such as Zengo to trade Bitcoin for Tether and vice versa. The Zengo wallet app is the ideal solution for this. Once you have downloaded, installed, and set up your Zengo wallet, you can trade Bitcoin, Tether, and other cryptocurrencies, such as MATIC, Voyager, and Decentraland, against low, competitive fees.
Yes, but the required trading amounts are dynamic and are changing based on current market conditions. Log into your Zengo wallet app and navigate to the trade screen to find out the current minimum trading amounts between Bitcoin and Tether.
For more information about Zengo minimum trading amounts, fees and limits, click here.
With Zengo, you can trade BTC, ETH, SHIB, DOGE, XTZ, USDC, MATIC, ALPHA, SAND, MANA, and EUROC. These tokens, as well as many others, can be swapped for both Bitcoin and Tether.
Yes, when you have Bitcoin and/or Tether in your Zengo wallet, you can send it to other wallets whenever you want to.
To do this, launch the app, navigate to the Bitcoin or Tether screen from the main menu, specify how much you want to send, paste the destination address, follow the on-screen instructions, and tap ‘’Send.’’ Now the only thing left to do is to wait until the transaction has been processed.
You know when your Bitcoin to Tether trade is completed when the status of the trade changes from ‘’Trade Pending’’ to ‘’Trade Received’’ within the transaction history screen of Zengo. You will also receive a push notification when this happens.
Why wouldn’t you store your Bitcoin and Tether in your Zengo wallet? Zengo is the most secure and Web3-ready non-custodial wallet that allows you to store both digital assets safely. Furthermore, only you can access the private keys to your Bitcoin and Tether via Zengo’s built-in biometric facial recognition 3FA system.
Yes, you can buy both Bitcoin and Tether with Zengo. To do so, launch the app, tap the ‘’Buy’’ button in the main menu, and select either Bitcoin or Tether. It is also possible to buy other cryptocurrencies through Zengo, such as Ethereum, Dogecoin, Tezos, Shiba Inu, and Polygon. The following types of payments are accepted: Visa, MasterCard, Apple Pay, and Bank Wire Transfer.
Enter your phone number to receive a download link.