Swapping Tether (USDT) to Tezos (XTZ) with Zengo is simple, safe, and secure. Within a few taps on your mobile device, you can trade your USDT tokens to XTZ and vice versa.
Tether (USDT) was one of the first stablecoins, a cryptocurrency designed to hold a stable value – in this case, in line with the US dollar. First introduced in 2014 by iFinex, the company that operates the Bitfinex exchange. Tether was previously called Realcoin before adopting its current name. The founders of Tether (USDT) had a dual mission: to address the notorious instability of cryptocurrencies and to simplify the process of converting crypto to traditional fiat currencies. Each USDT unit is claimed to be backed by actual US dollars held in the company’s bank account, which is intended to safeguard the coin’s stability. Around the globe, USDT is being used to convert fiat money to crypto and to facilitate transactions between crypto markets and conventional financial systems. Although it is mostly recognized as an ERC-20 token on the Ethereum blockchain, it also functions on other blockchains. In some respects, Tether shares similarities with other stablecoins, such as DAI and USDC, which also strive to hold a stable value pegged to a specific fiat currency.
Tezos (XTZ) is an innovative platform designed to facilitate the development and execution of smart contracts and decentralized applications (Dapps). It was created in 2014 by the husband and wife team of Arthur and Kathleen Breitman and launched as an ICO in 2017. Tezos was designed to introduce a self-amending blockchain to the market, thus addressing the challenge of hard forks in blockchains. Its native token, XTZ, can be used for various applications, including participating in network governance through a process known as baking, which is similar to staking. Since XTZ uses a proof of stake protocol, XTZ cannot be mined, but it can be purchased and used for trading.
To trade Tether for Tezos on Zengo, download the Zengo app, available on both Google Play Store and the Apple App Store. After setting up your account and securing it with 3-factor authentication, you can start trading.
Once your Zengo account is ready to go, follow the next steps to swap your USDT for XTZ:
Zengo offers a safe and efficient method to trade your USDT tokens for XTZ or vice versa. Here are several reasons why Zengo is the best choice for this process:
Zengo’s Web3-ready wallet allows you to purchase, sell, trade, transfer, and receive a broad range of digital assets, including Bitcoin, Ethereum, Dogecoin, Polygon, Chainlink, and more. Aside from that, Zengo makes it easy to store your NFTs and interact with NFT marketplaces such as OpenSea via its WalletConnect functionality.
Zengo ensures top-tier security for your digital investments. With groundbreaking MPC technology, Zengo secures your account with biometrics and 3-factor authentication, so there’s no need for traditional key phrases. In addition, Zengo’s Web3 firewall offers even more security when interacting with different Web3 Dapps.
Zengo is a non-custodial wallet, which means that it gives you full control over your private keys. In addition, the Zengo interface was designed to be as intuitive as possible, minimizing the potential for human errors when moving your crypto assets around or buying and selling crypto.
Zengo maintains low and competitive trading fees, meaning you won’t have to be concerned about paying high trading costs. In addition, Zengo does not charge any transaction fees when sending funds to other wallets, although regular network fees do apply. Nonetheless, Zengo gives you the flexibility to choose how much gas fees you’re willing to spend. For example, you can choose to pay a higher gas fee for a faster transaction or spend less and wait a little longer. For more information, refer to our fees and limits guide.
If you ever lose your phone or accidentally delete your Zengo app, there is no need to worry. Zengo’s recovery system is based on biometrics; all you need to do is reinstall the Zengo app and log back into your account using your facial ID.
Investing in cryptocurrencies can be an exciting experience, but it does come with risk due to the volatile nature of crypto tokens. Zengo provides a safe platform for storing and trading cryptocurrencies but does not offer financial advice. Always conduct your own research before investing in any type of crypto or digital assets.
If you still have questions about swapping USDT for XTZ with Zengo, the following FAQs may be helpful.
Tether and Tezos tokens are both digital assets, but they serve different functions and have different origins. Tether (USDT) is a stablecoin pegged to the US dollar, allowing users to transition between fiat and crypto easily. Unlike most other cryptocurrencies, Tether’s value is stable. Tezos (XTZ), however, is a utility token on the Tezos platform, used in network governance through a process called baking, which is very similar to staking. Each of these two tokens has its own uses and key features, with Tether’s price generally remaining stable, whereas XTZ’s price changes depending on the popularity and developments of the Tezos platform.
When you use Zengo to trade Tether for Tezos, you’re simply using Zengo’s integrated crypto swap feature to trade your USDT tokens for XTZ tokens or vice versa.
Yes, for a secure and efficient swap of USDT for XTZ tokens, you need to have a safe crypto wallet, and Zengo is the most secure option available. With its non-custodial nature, Web3 compatibility, and competitive trading fees, Zengo is the perfect choice for storing, trading, buying, and managing all of your crypto assets.
Yes, minimum trading amounts between Tether and Tezos exist but fluctuate according to market conditions. For the latest information on limits, please refer to the Zengo app and select the specific pair you wish to trade. You can also click here to learn more about Zengo’s fees and limits.
With Zengo, you can trade Tether, Tezos, and a massive selection of other cryptocurrencies, including ETH, DOGE, LINK, MATIC, VGX, SAND, USDC, SHIB, ALPHA, and CHZ. The list goes on and on, even though market conditions may limit the availability of certain trading pairs. To verify its availability, simply tap on “Actions,” then tap on “Trade,” and then choose the two currencies you want to trade to see if a trade is available at that moment in time.
Yes, Zengo provides a secure way to send cryptocurrencies to other wallets. To get started, log into your Zengo app and tap on whichever token you want to send. Next, tap the “Actions” button, and then tap on “Send.” Then, enter the precise amount you wish to send and input the destination address. You can then follow the final on-screen instructions to confirm the transfer.
Your trade will be complete when the status changes from “Trade Pending” to “Trade Received” in the transaction history section of the Zengo app. You should also get a push notification on your phone to let you know your trade has been completed.
Yes, both USDT and XTZ can be bought using Zengo’s fiat-to-crypto onramp functionality. To make a purchase, open the Zengo app and tap “Actions,” then “Buy,” follow the on-screen instructions, and choose your preferred payment method. Zengo supports a wide range of payment options, including credit cards and wire transfers, making it easy to purchase new tokens in the way that is most convenient for you.
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