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Swapping Tether (USDT) to Alpha Finance Lab (ALPHA) with Zengo is a safe and easy process. With just a few taps of the screen, you can transfer your USDT to ALPHA or vice versa.
Tether (USDT) is regarded as one of the earliest successful implementations of a stablecoin, a type of cryptocurrency designed to maintain a steady value, in this case, equal to the value of the US dollar. Introduced in 2014 by iFinex, the Hong Kong-based group that runs the Bitfinex exchange, Tether was initially known as Realcoin before undergoing a name change. The creators of Tether aimed to tackle two key challenges in the cryptocurrency realm: the high volatility of cryptocurrencies and the complexities involved in converting between crypto and fiat currencies. Each USDT token is purportedly backed by real American dollars in the company’s bank account, a claim designed to ensure the token maintains a consistent value. USDT is utilized worldwide as a means for transferring fiat money into crypto and between crypto markets and regular financial systems. It is widely recognized as an ERC-20 token on the Ethereum blockchain, but it also operates on other blockchains. In some ways, Tether resembles other stablecoins like DAI and USDC, which also aim to maintain a stable value relative to a specific fiat currency.
Alpha Finance Lab (ALPHA) is a dynamic ecosystem designed to facilitate the development of new, cross-chain DeFi apps and products. It was launched back in 2020 by the duo of Tascha Punyaneramitdee and Nipun Pitimanaaree. The pair hoped to fill a hole in the DeFi market by delivering a range of new products that could function across multiple blockchains. The platform’s native token, ALPHA, is an ERC-20 Ethereum-based token with a range of applications. It can be used for liquidity mining, governance voting, and staking. Alpha Finance Lab also makes use of a deflationary tokenomics model, which means that ALPHA holders can enjoy a share of the network fees, along with other unique benefits.
If you wish to swap Tether for Alpha Finance Lab through Zengo, first download the Zengo app, either from the Google Play Store or the Apple App Store. Then, load up the app and create your account with 3-factor authentication protection.
Once your Zengo account is ready to go, follow the next steps to convert your USDT to ALPHA:
Launch the Zengo app and tap on the "Actions" button in the main menu.
Tap on "Trade."
Next, pick USDT and ALPHA, and enter the amount you want to swap.
Take a moment to review all the details before tapping on "Confirm." Wait a moment while the transaction processes, and look for the notification from Zengo to confirm the exchange has been completed.
The Zengo wallet app allows you to safely swap your BTC tokens for ALPHA or the other way around. There are many reasons why Zengo is the best option for this, and here are just some of them:
Zengo’s Web3-ready wallet allows you to purchase, sell, trade, send, and receive a wide variety of digital assets, including Bitcoin, Ethereum, Dogecoin, Polygon, Chainlink, and of course, Alpha Finance Lab. Plus, with Zengo, it’s easy to store your NFTs as well as interact with NFT marketplaces and DeFi services via WalletConnect.
Zengo provides maximum levels of security for your digital investments. With the power of cutting-edge MPC technology, you can access your Zengo wallet via biometrics and 3-factor authentication. This eliminates the need for traditional key phrases. In addition, Zengo’s advanced Web3 firewall provides even more protection for your account when interacting with various Web3 Dapps. Learn more about Zengo’s security standards.
As a non-custodial wallet, Zengo gives you total control over your private keys. Furthermore, our app was designed from top to bottom with both security and ease of use in mind. This makes Zengo an ideal solution to suit everyone’s needs while reducing the risk of any errors when sending, receiving, or trading your crypto assets.
With Zengo, you won’t have to worry about outrageous trading fees. The Zengo crypto wallet lets its users trade a wide selection of crypto assets for competitive trading fees. What’s more, Zengo has no transaction fees for sending or receiving cryptocurrencies. However, keep in mind that you will still need to pay network fees when sending funds to other wallets. On top of that, Zengo gives you the power to choose how much you are willing to spend on gas. You can either choose to pay less and just wait a little longer for the transaction to be processed or pay more for a faster transaction. Check our fees and limits overview for more details.
If you lose your phone or delete the Zengo app while resetting your device, there’s no need to panic. Thanks to Zengo’s biometric-based recovery system, you just have to download the app again, either on the same device or a new device, and log back into your account using your facial ID. It’s the easiest and most reliable way to recover your account on any device.
Zengo’s support team is at your service 24/7, including weekends and holidays throughout the year. You can start up a live chat session through the Zengo app or send us an email with any questions you might have. Alternatively, we invite you to visit our Online Help Center to find answers to some of the more common questions regarding using Zengo.
Investing in cryptocurrencies can be thrilling in many ways, but it can also be risky, as the prices of crypto tokens can be volatile and change regularly. While Zengo provides its users with a secure environment for storing and trading cryptocurrencies, it does not provide financial advice. Always do your own research before investing in any kind of crypto or other digital assets, like NFTs.
If you still have questions about transferring USDT to ALPHA with Zengo, here are some FAQs that may help you.
While Tether and Alpha Finance Lab tokens are both digital assets, they have different histories, purposes, and designs. Tether (USDT) is a stablecoin that runs on several blockchains, including the Ethereum ERC-20 standard. It was designed to match the US dollar in price, making it much easier for investors to convert and hold the value of USD within the cryptocurrency ecosystem instead of converting crypto to US dollars every time they sold a crypto asset. In contrast, Alpha Finance Lab is an ERC-20 Ethereum-based token that is used in the Alpha Finance Lab DeFi ecosystem. It’s not just a cryptocurrency but also serves as a utility token that can be used in the Alpha Finance Lab ecosystem for various purposes, like staking or liquidity mining.
Using Zengo to trade Tether for Alpha Finance Lab means utilizing Zengo’s integrated crypto swap feature to trade USDT tokens for ALPHA tokens or vice versa.
Yes, if you want to safely exchange USDT for ALPHA tokens, or vice versa, you’ll need a secure platform that can support the type of trade you want to make and store your tokens safely, with minimal risk. Zengo is the perfect crypto wallet for trading USDT, ALPHA, and many other currencies, with its non-custodial nature giving you total protection and complete control over your digital assets while providing affordable and competitive trading fees.
Yes, there are minimum trading amounts between Tether and Alpha Finance Lab, but they vary depending on changing market conditions. Please refer to the Zengo app to find out the latest minimum and maximum limits; these can be found by selecting the desired trading pair within the app. Click here to learn more about Zengo’s fees and limits.
With Zengo, it’s possible to trade Tether, Alpha Finance Lab, as well as many other cryptocurrencies, including, but not limited to, ETH, DOGE, LINK, MATIC, VGX, SAND, USDC, SHIB, XTZ, and CHZ. Market conditions will have an impact on which pairs are available to trade, and you can log into the Zengo app and pick a pair to see if the trade is available at the moment or not.
Yes, Zengo gives you the freedom to safely send your cryptocurrencies to external wallets. Just log into the Zengo app, pick whichever token you want to send, tap “Actions,” then tap on “Send.” Next, enter the precise amount you wish to send and input the destination address. Then, just follow the easy on-screen instructions to finish the transfer.
Your trade will be complete when the status changes from “Swap Pending” to “Swap Received” in the transaction history section of the Zengo app. You should also get a notification on your device, letting you know that the trade has gone through.
Yes, it is possible to buy both USDT and ALPHA using Zengo’s fiat-to-crypto onramp functionality. To do this, just open the Zengo app, tap “Actions,” then tap “Buy,” and pick from one of the many payment methods available, including MasterCard, Visa, Apple Pay, bank transfer, and more.
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