What is USDT? What is the cheapest way to buy USDT in Saudi Arabia?
Many have heard about USDT but do not know what it is and how it works? It is a stable digital currency known as “Stablecoin”, created to be pegged to the US dollar at a ratio of 1:1, which means that each unit of USDT is approximately equal to one dollar. USDT is issued by Tether Limited, and it operates on blockchain technology.
The primary goal of USDT is to provide stability in the cryptocurrency market, which is often characterized by significant price fluctuations.
How does USDT work?
USDT works in a similar way to other digital currencies, but differs in that it is a stablecoin linked to the value of the US dollar, and aims to provide financial security against market fluctuations, with ease of use in financial transfers and trading.
Cheapest way to buy USDT in Saudi Arabia
Binance is one of the largest and most popular cryptocurrency exchanges in the world, offering users an efficient and low-cost way to buy USDT. One of the notable advantages of using Binance is the low fees it charges on its purchases, with a fee of 0.1% on trades, making it an ideal choice for investors looking for cost-efficiency.
Buying USDT on Binance is very easy, and there are several ways to do so depending on what payment method or purchase method suits you. Here are the steps and methods to buy USDT on Binance:
First buy USDt with credit card
The picture shows you all the details and here is the method with a detailed explanation
Go to the page to buy USDT using Saudi Riyal on Binance through this link https://www.binance.com/ar/crypto/buy/USD/USDT
Select Tether USDt and UAE Dirham SAR from the dropdown list.
Select “Card” as your payment method, and click “Confirm”.
If you haven’t purchased crypto on Binance with a credit or debit card before, the “Add New Card” option will appear. Click “Add New Card”, enter your card details and click “Confirm”.
Check the details and confirm the order on the payment confirmation page within the specified time frame. Use "Refresh" to get a new quote.
Click "Confirm" to submit your order.
You will be redirected to the bank page to enter the One Time Password (OTP). Follow the instructions to verify the payment.
Once verified, the coin will appear in your instant wallet.
Second: Buy Tether USDt using Google Pay or Apple Pay
Go to the page to buy USDt with SAR on Binance
Select Tether USDt and SAR from the dropdown list.
Select either Google Pay or Apple Pay as your payment method and tap Confirm.
Click the "Buy" button.
Check the details and confirm the order on the payment confirmation page within the specified time frame. Use "Refresh" to get a new quote.
Click "Confirm" to submit your order.
The currency will appear in your instant wallet.
Third, buy USDT from person to person P2P
Buy Tether USDt directly from other users via Binance P2P service
Go to Binance P2P page to buy USDT
Choose the Saudi Riyal SAR, click on the trading pair “USDT”, and choose from a wide range of supported payment methods as we see in the image below:
Step 1 Choose a Buy Ad
01 Select a digital currency, local currency and payment method.
02 Check advertiser information.
03 Check price and limits.
04 Select a purchase ad and click “Buy”.
Step 2 Submit an application
01 Check advertiser terms.
02 Enter the amount in either local currency or digital currency.
03 Click "Buy" to place an order.
Step 3 Make payment
01 Confirm the order details.
02 Transfer the funds in local currency to the advertiser's (seller's) account provided on the page.
03 After transferring the money, do not forget to click on “Transfer completed, notify seller” to continue with the order.
Step 4 Receive cryptocurrencies
After clicking the “Transfer Completed” button, you will be taken to the “Waiting for Release” page. Once the seller verifies the payment, he will release it and you will receive the cryptocurrencies!
Here we have provided a detailed explanation of buying USDT in Saudi Arabia. To know more details, you can visit the following link: https://www.binance.com/ar/how-to-buy/tether
Good luck to all
