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Swapping Tether (USDT) to a Basic Attention Token (BAT) with Zengo is a safe and straightforward process. By following just a few steps, you will learn how to trade USDT for BAT tokens or vice versa.
Tether (USDT) is a stablecoin that functions as an ERC-20 token on the Ethereum blockchain, although it is also available on other blockchains. It was created by Brock Pierce, Craig Sellars, and Reeve Collins in 2014. USDT was designed to maintain a 1:1 peg with the U.S. dollar, allowing traders to use it as a stable store of value in volatile cryptocurrency markets without converting to fiat currency. Tether is one of the earliest and most widely adopted stablecoins and is frequently compared to other stablecoins such as DAI, USD Coin (USDC), and TrueUSD (TUSD).
The Basic Attention Token (BAT) is an ERC-20 token founded by Brendan Eich and Brian Bondy in 2017 and operates on the Ethereum network. The BAT is used as currency on the Brave web browser. When using Brave, users can earn a minimal amount of BAT. It claims that its primary purpose is to improve the efficiency and fairness of digital advertising, enabling holders to receive rewards for viewing advertisements and content creators to receive fair compensation.
Zengo provides a secure platform for users to swap USDT for BAT. To begin, download the Zengo app from Google Play or the Apple App Store. It is possible for you to start trading immediately as soon as you have set up your account and completed the onboarding process.
After setting up your Zengo account, follow these steps to trade USDT for BAT or vice versa:
Open the Zengo app and click the “Actions” icon in the main menu.
Tap on “Trade.”
Choose USDT and BAT as the trading pair and specify the amount you want to swap.
Review the trade details and tap “Confirm.” Zengo will notify you as soon as the transaction is finalized.
Zengo offers a secure and efficient method to trade your Tether tokens for BAT or vice versa. The following is a brief list of some of the key reasons why so many users choose Zengo as their primary crypto and NFT wallet:
With Zengo, you can hold, trade, buy, sell, send, and receive a wide variety of digital assets, including Bitcoin, Ethereum, Chainlink, Dogecoin, and Polygon. Furthermore, as a Web3-ready crypto and NFT wallet, and thanks to its WalletConnect functionality, you can connect to an increasing number of decentralized applications (Dapps).
By combining state-of-the-art MPC technology, advanced biometrics, and 3-factor authentication, Zengo provides the highest level of security for your crypto and NFT portfolio. Additionally, Zengo is equipped with a robust Web3 firewall, ensuring a safer interaction with Web3 Dapps.
Zengo provides a non-custodial wallet, giving you complete control over your private keys and ensuring secure access to your digital currencies. On top of that, our app was designed to be intuitive and easy to work with, which reduces potential human errors during crypto transfers or swaps.
With Zengo, you can swap various digital assets at fair and competitive trading fees. Furthermore, Zengo doesn’t charge transaction fees for sending or receiving cryptocurrencies; however, third-party fees may still apply. Additionally, it is possible to choose how much you are willing to pay for gas fees. You can pay less and wait a bit longer for a transaction to go through or pay more to get it done faster. Ultimately, it’s up to you. You can learn more about our custom network fees here.
Zengo provides a biometric-based recovery system, which means you do not have to worry about being unable to access your funds if you ever lose or break your phone. If this ever happens, simply download our app on your brand-new device and use the Face ID functionality to restore access to your cryptocurrency portfolio.
Zengo’s dedicated support team is available 24/7, even on weekends and holidays. You can reach us via live chat using the Zengo app or by email. In case you have any general questions, you can also visit our extensive Online Help Center.
In spite of the fact that cryptocurrency trading appears exciting, the market is mostly unregulated, and prices increase and decrease rapidly. Therefore, while Zengo provides safe and secure storage for your digital assets along with the ability to interact with Web3 Dapps, we do not give any financial advice. Always conduct your research before investing in crypto or any other type of digital asset.
If you have any concerns or questions related to trading USDT for BAT with Zengo, please refer to the dedicated FAQ section below.
Tether (USDT) and Basic Attention Token (BAT) serve distinct purposes within the cryptocurrency ecosystem. Both USDT and BAT are ERC-20 tokens that run on the Ethereum blockchain, with Tether also available on other blockchains. Tether is a stablecoin designed to maintain a stable value by being pegged to a fiat currency, specifically the U.S. dollar. It is commonly used as a store of value and as a means of exchange in the cryptocurrency market. In contrast, the Basic Attention Token is a unique utility token that aims to revolutionize digital advertising. It is used within the Brave browser to reward users for viewing advertisements and fairly compensate content creators.
Trading Tether for BAT with Zengo means that you simply convert your USDT tokens for BAT tokens using Zengo’s built-in crypto trading feature. This makes the process of trading cryptocurrencies a whole lot easier, as well as a lot safer.
Yes, in order to trade USDT for BAT and the other way around, it is necessary for you to have a secure crypto wallet such as Zengo, which supports both the process of trading as well as the specific tokens involved.
Certainly, minimum trading amounts exist between Tether and BAT, but they vary based on market fluctuations. For the latest limit data, please check the Zengo app and pick the pair you plan to trade. Additionally, you can click here to learn more about Zengo’s fees and limits.
With Zengo, you can trade Tether and Basic Attention Tokens for a wide variety of other cryptocurrencies, including BTC, ETH, DOGE, LINK, XTZ, SAND, and VGX. The availability of specific pairs depends on current market conditions, so make sure you check the app when you’re ready to trade. To verify its availability, tap “Actions,” then tap “Trade,” then select the two currencies that you want to trade.
Certainly, Zengo allows you to send cryptocurrencies to other wallets. To get started, tap on “Actions,” then on “Send,” then choose the currency, specify the amount you wish to send, and provide the destination address. To finalize your transfer, follow the on-screen instructions.
Your trade will be confirmed when the status of the transaction changes from “Trade Pending” to “Trade Received” in the transaction history section of the Zengo app. Also, you will receive a push notification on your phone confirming that your trade has been finalized.
Yes, both USDT and BAT can be purchased using Zengo’s fiat-to-crypto onramp feature. To make a purchase, access the Zengo app and tap “Actions,” then tap on “Buy,” follow the on-screen directions, choose the payment partner, and select your preferred payment method. Zengo supports various payment options, including credit cards, Apple Pay, and wire transfers, making the process of purchasing new tokens as safe and convenient as possible.
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