In recent years, cryptocurrencies have gone from being a digital payment method that few people care about or know about, to a rapidly growing industry that has become overly popular. The concept of physical money, with which everyone is well acquainted, has evolved and given its place to digital payment, namely electronic money. Now it looks like the concept of virtual money has taken a step further and is transferring its way to cryptocurrencies. In the last few years in particular, the number of people trading cryptocurrencies worldwide and the number of institutions that accept cryptocurrencies as a means of payment has increased enormously.
With the latest cryptocurrency rally that began in the second half of 2020, Bitcoin has gained unprecedented interest in Asia, Eastern Europe and South Africa alongside Western Europe and the US. The demand for the leading cryptocurrency increased day by day. The United Arab Emirates, one of the oil-rich countries on the Arabian Peninsula, envisioned crypto as the means of payment of the future. Conferences on cryptocurrencies continue to take place regularly in Dubai, which has the most visited resorts in the world.
Should I invest in cryptocurrency in Dubai?
Cryptocurrencies are heating up the world. Every day we read more about cryptocurrencies and notice the interest of celebrities in this new payment method. As a result, people are wondering if they should invest in cryptocurrencies or how reliable it is. One of the most reliable methods preferred by those who have no prior knowledge is to Buy cryptocurrencies in Dubai with cash.
Cash is one of the most popular options for people who want to protect their anonymity when buying cryptocurrencies. In fact, this method is one of the easiest and fastest ways to buy cryptocurrency and you don’t need to give out your credentials when using this method.
In addition to buying cryptocurrencies quickly and anonymously, some people are also concerned about cryptocurrency volatility. People who worry about the fluctuating price charts on a daily basis are taking their first steps into the world of cryptocurrencies by buying stable cryptocurrencies. Stablecoins appear to be a solution to cryptocurrency volatility. Especially Tether, the most popular of them.
Is Tether a Good Investment? What are the benefits of investing in tether?
Let’s first take a look at what Tether (USDT) is, why it’s called a stablecoin, and then where to do it Buy Tether in Dubai with cash.
Tether (USDT) is a stablecoin that was released in 2014 by Tether Holdings Ltd. and operator of the cryptocurrency exchange Bitfinex was created. It has always been a popular cryptocurrency with strong interest from investors who are concerned about the volatility of cryptocurrencies and are reluctant to venture into the world of cryptos.
Initially, the tether was known as Realcoin, almost as if it wanted to immediately underline the difference to other cryptocurrencies. Four months later, Realcoin was replaced by Tether (USDT).
When you consider that Tether is a dollar-backed cryptocurrency, we are beginning to see the benefits of investing in Tether. The price volatility in Tether is almost non-existent. Tether Holdings Ltd’s cash reserves allow USDT to always be $ 1. Since Tether is $ 1, you save the additional money transfer fee when sending dollars with Tether.
Its value is almost always fixed at $ 1. Therefore, Tether does not have the volatility risk inherent in cryptocurrencies whose value is not tied to other assets, such as Bitcoin.
Can I buy Tether in Dubai with cash?
If you are wondering, “Can I use cash to buy Tether?” or “Where can I buy Tether with cash in Dubai?” You should know that buying Tether (USDT) is done through a similar process to other cryptocurrencies.
When it comes to Buy Tether with cash in Dubai, The first exchange that comes to mind is Coinsfera, the world’s first and only Bitcoin shop. The Coinsfera Bitcoinshop is located in the Iris Bay Tower and is conveniently located (12 minutes from downtown Dubai) where both locals and tourists can visit and buy Tether in minutes with cash.
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