What is Tether (USDT)?
Tether (USDT) is a revolutionary digital asset known as a stablecoin, designed to provide cryptocurrency traders and investors with a reliable, dollar-pegged digital currency. Key characteristics include:
- 1:1 USD Peg: Each USDT is consistently valued at one US dollar
- Asset-Backed Reserves: Supported by a diverse portfolio of financial assets
- Blockchain Stability: Provides a consistent value alternative in volatile crypto markets
How to Receive USDT on Coins.ph
To receive USDT in your Coins.ph wallet, follow these simple steps:
1. Open the Coins.ph App
- Launch the app on your mobile device.
2. Access Your Wallet Address
- Tap the QR code icon located in the upper right corner.
- Select Receive Crypto.
3. Choose Tether (USDT)
- From the list of cryptocurrencies, select Tether (USDT).
4. Confirm Network Compatibility
- Ensure that the sender uses a compatible network (e.g., ERC-20 for Ethereum-based transactions). Sending USDT through unsupported networks can lead to permanent loss of funds.
5. Copy Your Wallet Address
- Your unique wallet address and a QR code will be displayed. You can copy this address or share the QR code with the sender.
Important Considerations
- Double-Check Addresses: Always verify that you are sending USDT to the correct wallet address. Sending funds to an incorrect address can result in irreversible loss.
- Supported Networks: Familiarize yourself with the networks supported by Coins.ph for USDT transactions to avoid issues.
- Transaction Fees: Be aware of any potential fees associated with receiving USDT, especially if using different networks.