Every country has different rules and regulations regarding betting; it is banned by many countries, but with crypto like USDT, you can easily enjoy betting and win money as well. There are many people in the world using crypto for online gaming, placing bets, and winning too.
Platforms like 96.com have made it easy for all its users to place a bet using crypto. You can easily add crypto to your 96 wallet. But everyone doesn’t know what USDT crypto is, how to buy it, or how to deposit it in your wallet.
What is USDT Crypto?
In the world of crypto, there are many digital currencies like Bitcoin or Ethereum, etc are available. Prices of these digital currencies go up and down depending on the global market.
USDT, also known as Tether, is a form of digital currency that is equivalent to the US Dollar. It means 1 USD is equal to 1 USDT.
In volatile cryptocurrency market, most digital currencies go up and down in their price, but the value of USDT remains similar to the US Dollar. That is why it is often called the Stablecoin.
Step-by-Step Process: How To Buy USDT Using Binance?
Other than Binance, there are many apps and websites like Coinbase, Kraken, Gemini, Uniswap, etc, are available with each having its own specialities. These platforms are called exchanges. Binance is the most widely used global exchange, preferred by many due to multiple payment options.
Choose Anyone Exchange
- Based on your personal preference, you can choose any one exchange of your choice.
- Create an account on the preferred platform.
- Existing users can log in using their credentials.
Here’s how you can buy USDT using Binance:
Create an account
- You may ask to create an account with the exchange of your preference.
- Some exchanges may ask for KYC – name, address, etc, while some work without any KYC process.
- Make sure to follow the process and fill in all the details asked for verification.
Add money
- There are different ways to add money – bank transfer, credit card, wire transfer, other cryptocurrency, etc.
- You can also add money in your local currency using a debit card or any popular payment method. Like in India, you can use UPI.
Buy USDT
- You can search for USDT on an exchange. Click to buy it, and you have to pay fees as well.
- Binance charges very low fees and has a good security feature for everyone.
- You can simply click the buy and confirm your purchase.
Withdraw USDT
- You can simply click on “withdraw”, where you need to enter the amount you want to withdraw.
- You can also choose the currency in which you want your amount to be withdrawn.
- The Binance panel will have features where you can see the price of every currency.
- Choose a preferred withdrawal currency; you can also withdraw the amount in your bank account too.
How to Deposit and Withdraw USDT Crypto to your 96.com wallet?
Adding crypto amount and withdrawing it is an easy, quick process, and won’t take much time. It can be done by anyone. Here is how you can do it.
Deposit USDT Crypto amount to your 96.com Wallet
- Login to your 96.com account.
- Go to deposit section and choose USDT.
- Choose correct network (BEP20, TRC20, or ERC20)
- Copy the generated USDT deposit address
Withdraw USDT Crypto amount to your 96.com wallet
- Go to the Binance app or website.
- Paste the 96.com USDT deposit address; it will be the same, used for adding crypto to your 96 wallet.
- Select the same network as chosen on 96.com
- Enter the withdrawal amount in the box and confirm the transaction
Wait for confirmation
- Exchanges take some time to start the withdrawal process of crypto.
- Once confirmed, your USDT balance will get reflected in your 96.com wallet.
Why Do People Like USDT?
In the fast-paced world of being digitally available. Nowadays, we see everything available on the Internet. A few years back, online money meant transferring the amount from one account to another, using net banking, debit or credit card, etc. But now, things have evolved, and you can buy digital currencies as well.
These digital currencies are also known as cryptocurrencies, having a value, and are used for different transactions. People from different parts of the world are using crypto for their work, like making payments to clients or services taken from a person or company operating at a different part of the globe.
There are plenty of reasons why people choose USDT over any other digital currency.
- USDT is a stablecoin, and its prices remain similar to the USD. Makes it a reliable option compared to the other digital currencies.
- It is quick and safe, and most importantly, can be done easily.
- USDT transaction carries lower fees compared to other traditional payment methods like Bank transfers, credit cards, or digital payment wallets.
- Tether has global access, and there is no problem with the currency conversion. Making it the best option for people who want to enjoy betting.
Other than that, USDT also gives an extra layer of privacy to financial activities.
Why Use USDT for Deposits at 96.com?
96.com wants to provide its users with a fast, secure, and smooth experience. USDT is perfectly capable of fulfilling this purpose. When you deposit with USDT, your money quickly appears in your 96.com app account. This way you don’t have to wait to start playing or betting.
You simply select a wallet address and network. USDT deposits don’t involve the lengthy process of a bank deposit. Apart from this, privacy is also maintained in USDT deposits because your bank details are not shared repeatedly.
Important things to know about USDT
Here are few things needed to be followed by everyone.
- You need to have a reliable crypto exchange account.
- You must have an active email address and mobile number.
- Your KYC process should be complete.
- You must have a 96.com account.
- Without all these things, buying or depositing USDT would not be possible.
- Depositing USDT is easy, but a little carelessness can lead to significant losses.
- Mistakes while making USDT deposit may lead to funds getting lost.
- Make sure to cross-check the wallet address, a single digit or letter mistake may lead your money to the wrong place.
- Avoid transfer of large amount, if you are new or not sure about the process.
To avoid these mistakes, one should always complete every step patiently and carefully.
Adding or withdrawing USDT to your 96.com account is completely safe and reliable; you can do it quickly. Its stable value also gives confidence that your amount is not going anywhere. You can easily place bets, and enjoy online gaming with digital currency.
FAQs
What is USDT, and why is it used?
USDT is a stablecoin whose price is pegged to the US dollar. It is used because it allows fast, secure, and stable transactions.
Is depositing USDT safe on 96.com?
Yes, USDT deposits are completely safe if you use the wallet address provided by 96.com and the correct network.
How long does a USDT deposit take?
In most cases, USDT deposits are completed within a few minutes. If network traffic is high, it may take a little longer.
What happens if you choose the wrong network?
Choosing the wrong network can result in your funds getting stuck and being difficult to recover. Therefore, choose the network very carefully.
Can I start with a small amount for the first time?
Yes, starting with a small amount for the first time is considered the safest and wisest way.
