Cryptocurrency is changing how colleges do business with students and donors

Tether is perhaps the third most important cryptocurrency after Bitcoin and Ether. It's a stablecoin so it's relatively stable, unlike BTC and other crypto whose values fluctuate, sometimes wildly, from one minute to the next.

Tether is better known as USDT and is the main on-ramp and off-ramp currency in the crypto market. People who want to buy Bitcoin, Ether or some other coin, usually buy USDT first.

Although there are other stablecoin challengers like BUSD, USDC and DAI, tether endures as the leading collateralized stablecoin on the market.

For this reason, there are numerous ways to buy Tether instantly. You can buy USDT with fiat or another cryptocurrency. You can buy Tether on basically every major cryptocurrency exchange on the market. You can even buy Tether offline through P2P. Here, we gather some of the best ways to instantly buy Tether.

Let's begin with where you can buy Tether (USDT)

Where Can I Buy Tether (USDT)?

You can buy Tether with credit card or other means on every major cryptocurrency exchange. If you hold a popular cryptocurrency, you can look for its pair with tether on a centralized or decentralized exchange and swap it for USDT.

Because of its importance to crypto, Tether is the most common coin for pairing with other cryptocurrencies.

Here are some exchanges where you can buy USDT instantly and use it to buy other cryptocurrencies:

• Binance — for Asia, Africa and the Middle East
• Kyrrex — for Europe
• Coinbase — for North America

You can also buy Tether on-ledger on supported blockchain networks. For example, if you wish to use tether on the Ethereum or Solana network, you can go to a decentralized exchange like Uniswap or Raydium and buy ERC20- or SPL-compatible USDT.

How to Buy USDT (Tether)?

Once you've allocated the funds or crypto to buy tether with, the next step is to make the purchase. These pointers will guide you on how to do so.

1- Choose a Crypto Exchange

If you want to buy USDT instantly, you need a platform. That's where cryptocurrency exchanges come in. It is important to choose the right exchange that will let you buy Tether online with your preferred method.

You shouldn't rush to create an account on the first crypto exchange you come across. There are so many of them and they vary in terms of ease of use and the features they offer. Your location should also be considered before you plump for an exchange.

Several exchanges have been under the spotlight in various parts of the world for possible regulatory infractions. If you're big on AML compliance, you should consider buying your USDT and making trades on exchanges like Kyrrex.

2- Buy USDT

On a centralized exchange, you need to open an account and get verified before you can buy Tether. On a decentralized exchange like Uniswap, you can skip verification.

Once you're ready to buy Tether online, you can accomplish this through several methods. Let's talk about each one.

Buy Tether with Another Cryptocurrency

You can convert another cryptocurrency to Tether easily through an exchange. You just need to make sure the exchange you're using supports the USDT pair with the cryptocurrency you hold. Examples of popular crypto coins with Tether pairs are BTC, ETH, SOL, KRRX, BNB, AVAX, LTC, XLM, LINK, MATIC and DOT.

If your favorite exchange doesn't have a USDT pair in your crypto, first convert your coin to another coin that has a USDT pair, then convert the new coin to USDT.

Buy Tether with Fiat

You can directly buy Tether with fiat money. Fiat money is any currency like the pound, euro and dollar that is backed by a government and issued by a central bank.

You can easily and conveniently convert traditional money to USDT on a cryptocurrency exchange. Just navigate to the appropriate section of the platform and initiate a "Buy" transaction for Tether. Choose the buying method you want and confirm your choice. Note that the options to buy USDT will vary depending on your country of residence.

That said, there are several ways to buy USDT with fiat money. Let's talk about the most common methods:

Buy Tether with Credit Card

You can easily buy USDT with credit card on Kyrrex and other exchanges that support this feature. Most platforms support using cards from Visa and MasterCard.

• Navigate to the section on the platform where you can select the option to buy or deposit crypto.
• Select the option to buy crypto with Credit or debit card.
• Choose the crypto you want to buy. That would be USDT in this case.
• Select the amount of USDT you wish to buy. You can also input the pounds, euro or dollar amount to generate a corresponding USDT value.
• Fill in your credit card details.
• Authorize the transaction and confirm your purchase.

This method also works for buying USDT with debit card as well.

Buy Tether with Bank Transfer

You can also buy USDT with direct deposits from your local bank account. Again, this feature is only available in certain countries and regions. If this is your preferred method to buy crypto, consider whether a cryptocurrency exchange supports the option before signing up.

• Open the exchange app and navigate to the section that lets users buy crypto.
• Choose the amount of USDT you wish to buy and the purchase currency.
• Choose the option to buy with bank transfer or direct deposit
• The platform will generate a bank account for use with instructions. Open your own bank app and transfer the correct amount to the given bank account.
• Confirm your transaction and get credited with USDT.

After Buying Tether, What Next?

Once you've acquired your shiny new Tether coins, there are a number of things you can do with it. You have several ways to productively use your USDT on an exchange like Kyrrex.

Buy Crypto

As mentioned before, USDT is the most common pair for cryptocurrencies. You can use it to buy whichever popular cryptocurrency you're after.

On Kyrrex, simply go to Spot and exchange USDT with the cryptocurrency you want.

Earn Crypto

If you want to be more conservative with your investments, you can use your Tether holdings to earn passive income by earning interest on it.

On Kyrrex, you can lock your crypto into a savings program and earn interest just like you would with money in a bank. Simply go to Earn, choose your asset (USDT), select the contract term you like, choose the interest type, and click Create. Next, enter the amount of USDT you want to save. Once you've confirmed your savings, your USDT will start earning interest for you.

Not even the current gloom in the cryptocurrency industry can dampen popular appetite for investments. Hope lives forever, as they say, and after the winter comes the summer. Many people are already buying up their favorite crypto at the current low prices in anticipation of a forthcoming boom.

Before you join the throng and throw in your hard-earned money, you should ask yourself a few questions. Nobody knows for sure when the bulls will come roaring back so it's best to be thoughtful and analytical about what crypto you invest in and how you do so.

How We Got Here

Recall that in 2020 and for much of 2021, prices of popular cryptocurrencies soared beyond even the most optimistic forecasts. Thousands of early investors became millionaires as Bitcoin increased 800% to an all-time high of $68,000 in November 2021. Popular altcoins like Ether (ETH), PolkaDot (DOT) and BNB followed suit and everyone was loving it.

If you've paid attention in the crypto space then you should be familiar with what followed next. A cascade of calamities gradually eroded market prospects and investors' confidence. Major events like the global economic downturn and the war in Ukraine led investors to pull out from more volatile investments.

That wasn't all. The crypto world was rocked by several high-profile scandals. Two of them—the collapse of the Terra (LUNA) network, and demise of cryptocurrency exchange FTX—have cost investors billions in losses.

However, it is not all doom and gloom. Industry veterans have noted that things like this have happened before. And each time, the crypto industry bounced back and grew even more. Now, all eyes are on 2023 for a strong rebound.

5 Questions to Consider Before Buying Crypto in 2023

Many analysts and big investors have marked 2023 as the year to test the crypto waters again. You should ask yourself these questions before you join them.

1- Can You Afford to Lose Your Investment?

Thousands of investors put all their money in Terra and Celsius before the former crashed and the latter declared bankruptcy. Thousands more have their life savings trapped in FTX.

Bad idea, Amigos.

Before you jump into crypto, be sure that you won't be financially crippled if things go south. Investment brokers advise to have an emergency fund which is separate from your investment portfolio. In other words, keep enough money in a savings or fixed deposit account first before you make a major investment move.

The world of investing is unpredictable; crypto even more so. Prices can fluctuate up or down against your expectations. A rainy day fund will cushion you against unexpected losses and real-life changes as well.

Imagine having to sell your crypto at 70% loss because you urgently need money. This will rob you of the benefits of the anticipated recovery. If you have emergency funds, you can use those in the meantime instead of selling your assets or taking a loan.

2- Are You Looking For Short-Term or Long-Term Gains?

The answer to this question will largely determine your approach towards dramatic dips and Black Swan events. If you're in crypto for quick profits, you will be more inclined to cash in at the first large green candle. In the same vein, you will be more likely to cut your losses at the first sign of trouble. This approach can work with newer altcoins which often enjoy a honeymoon period.

A more long-term perspective will insulate you from making emotional judgements based on momentary market changes. If you believe in crypto and the potentials of blockchain technology, you can handpick individual projects that you believe will perform well in the coming years.

Alternatively, you can stick with the major players like BTC and ETH because of their staying power and room for future growth. Either way, you should conduct in-depth research before you buy your preferred coins and be comfortable with their future yield potential.

3- How Diverse Will Your Portfolio Be?

There is no doubt that the rise of cryptocurrencies has opened a new investment avenue but it is also fraught with danger. Unlike stocks and treasury bonds, crypto is a relatively unregulated market with lots of bad actors, poorly-managed exchanges, and greater risk of failure.

For this reason, experts recommend making your crypto investments a reasonable part of a diversified portfolio. Rather than going all in, make crypto, at most, 10% of your overall investments. Put the rest of the money in stocks, bonds, real estate, gold, and other less volatile commodities. This way,a prolonged bear market won't make a big dent in your finances.

"Don't put all your eggs in one basket," comes to mind here. Plus, fortune doesn't always favor the brave, no matter what Matt Damon tells you.

4- Do You Have a Plan and Are You Committed to It?

A large segment of crypto investors hold coins because of reasons that have little to do with prudent investing. Many invest due to peer pressure, because others are doing the same thing. When Bitcoin and the larger industry went bananas in early 2021, plenty of people bought crypto because of FOMO—fear of missing out. They wanted in on the riches without any idea what they're actually doing. And while some of them got what they wished for, others ended up with bags of devalued crypto as smart investors sold their holdings.

To counter panic selling or buying, you need to have a plan and stick to it. Be clear about your aims in crypto and disciplined when carrying out your plan. Don't let momentary fluctuations sway you from the beaten track. How much are you investing, which coins will you put the money in, and when will you sell off your holdings?

Setting short, medium and long-term investment targets is also crucial. You can plan ahead to sell or buy a certain amount of a coin when it reaches a specific price point. With concrete plans like this, you will make better decisions.

5- Do You Understand the Risks of Buying Crypto?

Crypto is like the wild west. The potential rewards are great, but so are the risks. You shouldn't go into any venture without being fully informed about what you stand to gain—or lose. Keep it in mind that, in crypto, you can lose everything.

Whether to buy crypto in 2023 or not should depend a lot on your risk tolerance level. If a 5% drop will set your heartbeat racing, you might be better off investing in less volatile instruments.

Here are some of the crypto risks you show be aware of:

• Crypto prices can rise or fall seemingly without rhyme or reason. Some coins that fall dramatically may never rise again.
• There's lots of scams in crypto. A coin you own can turn out to be a rugpull—a scam token. A good project can also fail if its backers withdraw or the community loses confidence.
• Crypto platforms are not 100% safe. For example, see FTX and Celsius. A crypto exchange can fail for any number of reasons including mismanagement, hacks, bank run or if it loses its operating license.

There are ways to guard against losses. For example, you can use a regulated crypto exchange with a legal license instead of storing your coins on a shady platform. Studying projects before you invest in them will also help you spot and avoid potential rugs.

Looking Ahead

After recent setbacks, crypto faces an uncertain future but there are signs that a recovery isn't far off. Governments across the world are now paying more attention and making moves to plug regulatory gaps. This should make the sector more safe for investors who operate on cryptocurrency exchanges.

If you're expecting quick returns, crypto might not be for you right now. Experts project a slow recovery after the bleak 2022 so a 2021-style run is probably out of the question.

Even so, with some savvy research and quick planning, you can spot coins with the potential to yield big gains when the bulls return.

PrimePool, in partnership with Huobi!

We are excited to announce the return of PrimePool, in partnership with Huobi! For now, users can lock their HT tokens for any length of time before the event ends to earn a reward of up to 1,208,898 KRRX tokens.

The event will run from 12:00 UTC on January 18, 2022, to 12:00 UTC on January 25, 2022, so make sure to participate before the event ends.

Event: Win Over 1 Million KRRX Tokens!

Specifically, you can lock any number of HT tokens from 100 units and receive an additional reward in KRRX tokens for doing so (the reward is calculated according to a formula that you can find on the event page at the link below).

This is a great opportunity for users to experience the upgraded PrimePool and win grand rewards. With simple rules, this event is open to all!

To join the event, all you need to do is visit the link provided and follow a few steps.

Your Kyrrex Team 💚