Tether, also known as USDT, has been able to find its place in the cryptocurrency market as a stablecoin which serves a vital mission that is maintaining the balance in the market. Tether can be exchanged for other cryptocurrencies as well as PayPal. If you want to exchange your Tether for cash, PayPal is a quick and easy way of having cash in your pocket. The only problem with PayPal is that you cannot trust individuals that you don’t know as transactions through PayPal are reversible until a quite amount of time. The best option is to use trusted exchanges that are listed on other directory websites like OkChanger where you can read others’ experience about using their service. Read on to know more about how to exchange Tether USDT to PayPal via Hi Exchange.
What is Tether (USDT) and how does it work?
Before reading about how to exchange USDT to PayPal, let’s take a quick look at what Tether is and how it operates. Tether is a cryptocurrency based on blockchain whose crypto coins in use are backed by an equivalent amount of traditional fiat currencies, such as the Dollar, Euro, or Japanese Yen that is retained in a specific bank account. The Tether tokens, the Tether network’s native tokens, trade under the USDT symbol.
In contrast to the wide swings observed in the prices of other popular cryptocurrencies such as Bitcoin and Ethereum, Tether belongs to a new race of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable. Instead of being used as a means of speculative investment, this would allow Tether to be used as a medium of exchange and a mode of storage of value.
Tether was specifically developed to create the necessary bridge between fiat currencies and cryptocurrencies, providing users with stability, transparency, and minimum transaction fees. It is pegged against the US dollar and, in terms of value, maintains a 1-to-1 ratio with USD. There is, however, no guarantee provided by Tether Ltd. for any right to redeem or exchange real money for Tethers, i.e. Tethers can not be exchanged for U.S. Dollars.
So what is PayPal and why is it used to exchange Tether?
PayPal is an online commerce firm that expedites payments between parties through online transfers. Its system allows customers to establish an account on its platform, which is connected to the credit card or checking account of the user. Upon confirmation of identification and proof of funds, users can begin sending or receiving payments online to and from other PayPal accounts through the company’s website or app.
With relative ease, PayPal enables private customers to shop, make payments, and transfer money. To sign up for an account, you only need an email address and have to provide a credit card, debit card, or bank account to complete the setup.
As mentioned above, PayPal account holders can use the company’s website or mobile app in order to transfer money to others using the receiver’s email address or mobile phone number. Within minutes, transactions are completed and the company promises that transfers are immediately available for payment or withdrawal to a bank account.
The ease of use and being widely accepted, makes exchange cryptocurrencies to PayPal one of the best options when you need some cash to spend online
Why exchange Tether to PayPal?
Now we get to the main question of this topic: Why exchange your Tether coins to PayPal in the first place?
Well, how and what to exchange your Tether coins for is a personal decision, anyway. However, most of the time, in order to be able to enjoy your cryptocurrency investment, you are required by the world to exchange your digital currencies for traditional cash. PayPal is, however, recommended as a safe option (when you make deals with trusted people) that you can use to keep your money and Tether revenue safe and possibly end up paying less tax.
Moreover, exchanging your cryptocurrencies to PayPal, using exchange agents such as Hi Exchange will allow you to have cash in your PayPal account quickly and without having to go through the KYC process that most exchange agents make you go through. Plus, you are not involved in a bank transfer and will not have to wait long for your transaction to be fulfilled.
Can I exchange USDT to PayPal?
Done via trustworthy exchange agents – such as hi.exchange with 24/7 support and immediate exchange without any waiting period- you can convert your Tether USDT into PayPal Dollars/Euros/Pounds. This process means immediate cash with the least commission possible, without having to go through selling your Bitcoins on Crypto exchange agents with extra effort and KYC, as previously mentioned.
Below, in a very simple process, you can read the step by step guide on how to exchange your Tether coins to PayPal through hi.exchange:
How to Exchange Tether to PayPal With the Least Commission?
The best part of exchanging from Tether to PayPal on hi.exchange is that before making any kind of exchange, you will not be asked to sign up. Signing up is required only for the exchange of large quantities. However, when you sign up, you will benefit from the following features:
- Order log that you can check and track at any moment
- The privilege of entering a referral program that helps you to gain money by referring your mates to hi.exchange
- Based on your activities, discounts on future orders
- News on sales and discounts
So far, we understood that for exchanging crypto or e-currencies, you don’t need to sign up and we don’t ask you to go through KYC. Here’s a list of steps you must take in order to complete your Tether to PayPal exchange:
- On the homepage you must choose Tether on “I give” and PayPal (USD/EUR/GBP) on the “I Get” section
- Enter the desired amount of Tether you want to exchange and click on the box on the right
- Click Exchange and you’ll be taken to the next step where you have to fill in the required information. Fill them and click exchange button again
- Now simply review your order and go to the next step to finalize your Tether to PayPal order
- Use the information provided on this step to transfer your Tether to our account and
Now, let’s see in detail what you should do in each step to complete your order and receive PayPal in your account in exchange for your Tether.
After you have successfully created your account and logged in, in the first stage, you must choose Tether and PayPal (Dollar or Euro) from the currency pairs and enter the amount you are willing to exchange, and the amount of your destination currency will be calculated automatically. Hi.exchange offers the most competitive exchange rates available in the market without KYC.
Upon pressing Exchange, you will be taken to the next stage where you will enter your PayPal Account details, email, and phone number.
Press exchange once more, and you are forwarded to the next level where you are asked to review your order.
Prove that you are not a robot and then press exchange to go to the next stage where you will obtain a Track ID, a QR Code address, and an Explorer URL. You need to transfer your Tether to the wallet specified in the method. After you have transferred your Tether coins to hi.exchange, you will click the “I’ve Paid” button and you can track the status of your exchange USDT to PayPal order. After your payment is confirmed, you will receive cash in your PayPal account.
By successfully completing all the steps above, your Tether to PayPal exchange will be fulfilled easily and quickly without KYC.
In case of any questions and problems, you can always refer to our help via WhatsApp, Telegram, Email, Skype, Contact Form, and Live Chat in the bottom right corner of the screen.