In 2024, USDT remained the most traded cryptocurrency. Its daily volumes went up above $55 billion, surpassing Bitcoin and Ethereum combined, making it one of the most common crypto conversions. Yet, many investors still struggle to execute this transaction safely.
USDT and Bitcoin are indispensable in the crypto world. Both serve different purposes, and investors use both according to their investment goals.
This guide will teach you everything you need to know about converting USDT to Bitcoin, getting the best rates, and avoiding costly mistakes. Let’s get right into it!
Understanding USDT and Bitcoin
Overview of USDT (Tether) and its role as a stablecoin
USDT bridges the gap between traditional finance and cryptocurrency markets, allowing traders to quickly move in and out of positions without returning to fiat currency. It is a stablecoin pegged to the US Dollar, meaning that a USDT coin equals one US dollar.
The nature of USDT makes it stable and less prone to rapid price fluctuations like other cryptocurrencies. It plays a key role in any cryptocurrency exchange comparison for investors.
USDT also has an extensive use case and is one of the preferred cryptocurrencies accepted by merchants worldwide since it is the US dollar equivalent in crypto.
Other enthusiasts who want crypto investments but cannot bear the risks of rapid fluctuations also opt for USDT as a safe and stable alternative to storing value.
The Significance of Bitcoin in the Cryptocurrency Market
I first heard of Bitcoin a long time ago. I didn’t necessarily know what it was, but it was mainstream. Currently, it is the most popular cryptocurrency. Bitcoin has taken off and gained significant attention and use in recent years.
Many investors prefer Bitcoin as an investment asset, payment option, and store of value. They also use it to hedge against inflation and economic recession.
Bitcoin has amassed its level of success and growth due to its innovative features, which are:
- Decentralisation
- Security
- Transparency
- Borderless
Factors to Consider Before Converting USDT to Bitcoin
Before you decide to swap your USDT, these are the most critical factors you need to check out:
1. Market conditions and trends
Before converting your USDT to Bitcoin, note that Bitcoin is relatively more volatile than USDT. You’ll also need to understand the current market conditions and the possibility of your Bitcoin fluctuating in price in a short while.
2. Diversification Strategy
To make profits in the crypto world, you need to have a diversification strategy.
As the name entails, you need to have a healthy mix of different types of crypto coins. Your diversification strategy is affected by several factors, but most importantly, your risk appetite. While you need to have some Bitcoin in your portfolio, you must consider how much volatility you’re willing to endure.
3. Your knowledge of Bitcoin
It’s okay to be totally new to Bitcoin; everyone starts somewhere. However, it will be challenging to deal with market trends without experience. Therefore, try to get substantial knowledge about Bitcoin before converting from USDT.
4. Exchange Selection Criteria
When choosing an exchange, consider these key factors:
- Trading volume (minimum $100M daily)
- Security features (2FA, cold storage)
- Fee structure (maker/taker fees)
- Geographic Restrictions
- User reviews and historical security records
Use secure crypto wallet transfer methods to protect your funds when swapping USDT for Bitcoin.
Step-by-Step Guide to Safely Convert USDT to Bitcoin
To convert your USDT to Bitcoin in the safest way possible, it is recommended that you use a quick, easy, and accessible method like over-the-counter (OTC) solutions. The Breet app is the leading OTC platform in Nigeria and Ghana. With a seamless mobile and web app, you can swap USDT for Bitcoin in minutes.
To begin your USDT to Bitcoin conversion on the Breet app, register first. You can download the mobile app from the Google Play Store or App Store or register directly on the web app version for easier accessibility.
Breet offers over 170 cryptocurrency pairs. Upon opening up an account, you have access to all these pairings, including USDT to Bitcoin swap, and here’s how you can perform this transaction in simple steps:
- Verify your exchange pairs and details
- An estimated transaction time will be provided
- Transfer your USDT to a one-time deposit address and wait a few minutes
- All done! You’ll automatically receive your Bitcoin in the address you provided.
SAFETY TIP: Always enable 2FA (Two-Factor Authentication) and store Bitcoin in a secure wallet after conversion.
USDT Transfer Speed and Cost: TRC20 vs. ERC20
Looking for a cheaper way to transfer USDT? Use TRC20 as it’s more affordable than ERC20.
TRC20 transfers usually take 3-5 minutes and cost less than $1. On the other hand, ERC20 transfers can take 5-15 minutes, with fees around $5 to $20, depending on network congestion.
Common Pitfalls to Avoid When Converting USDT to Bitcoin
Many investors make costly mistakes during crypto conversions. Here are common pitfalls to avoid:
- Not verifying wallet addresses multiple times
- Ignoring network congestion periods
- Skipping test transactions for large amounts
- Not considering exchange withdrawal limits.
Frequently Asked Questions (FAQs) About How to Convert USDT to Bitcoin Safely
What’s the Minimum Amount Needed to Convert USDT to Bitcoin?
The minimum amount required to convert USDT to Bitcoin varies depending on your chosen platform. For instance, on Breet, the minimum exchange amount ranges from approximately $1.70 to $20, depending on the specific cryptocurrency.
Can I Convert USDT to BTC Without KYC?
Yes, you can convert USDT to BTC without KYC. Decentralised exchanges (DEXs), P2P marketplaces, and certain crypto wallets let you trade without identity verification. However, most centralised exchanges require KYC, especially for large transactions. Always use a trusted platform to stay safe.
Which Network Should I Use for USDT Transfers?
TRC20 offers faster transactions and lower fees (3-5 minutes, under $1), while ERC20 is more widely accepted but comes with higher fees (5-15 minutes, $5-$20).
How Long Does the Conversion Process Take?
TRC20 to BTC transfers typically take 5-10 minutes, while ERC20 to BTC conversions can take 10-20 minutes, but OTC platforms like Breet offer almost instant conversion.
What can USDT be swapped for?
Different exchanges offer different crypto pairings, and on the Breet App, there are over 170 cryptocurrency pairs. USDT is a highly liquid crypto. Therefore, it can be swapped for most cryptocurrencies.
Conclusion
Converting your USDT to Bitcoin may be the next viable step for an investor ready to make bolder and profitable investments; therefore, it’s best to do this the best way — with the Breet app.
Ready to swap your USDT for Bitcoin the smart and seamless way, the Breet app is your best bet. With fast transactions, a user-friendly interface, and top-notch security, you’re set to convert USDT to Bitcoin safely and profitably.
Download the Breet app on Android and iOS, and start swapping in minutes!
