How To Convert BTC to USDT on Binance? (Step by Step Guide)

How to swap BTC to USDT on Binance? In this article on shetcoiner, we are trying to teach you 2 different ways to convert Bitcoin (BTC) to Tether (USDT) in Binance exchange. We will teach you this issue and tell you how to change BTC to USDT on Binance? step by step. Also, we want to talk about these topics:

• What is Bitcoin? A history of money
• What is blockchain technology?
• What are the advantages and disadvantages of Bitcoin?
• How to buy bitcoin? How To Convert BTC to USDT on Binance?
• What is USDT?
• How to convert BTC to USDT on Binance?

If you want to know How to convert USDT to BTC on Binance? refer to the related article on shetcoiner and read for more information. So stay with us to learn this tutorial.

Watch the video below from shetcoiner’s YouTube channel to learn more:

What is Bitcoin? A history of money

In the past, people exchanged physical assets such as gold for goods and services; But the problem was that they were hard to carry and vulnerable to theft and loss, so the banks offered to hold them for us and issued notes that proved our wealth in the bank. Eventually, the link between these bills and the goods they represented was lost. Instead, governments said the letters themselves had value. We trust banks to honor our money so that we can accept cash as payment and trust that others will accept it from us.

Cryptocurrency is a digital version of cash outside the established framework of national governments and central and private banks. This enables two people to exchange it or buy and sell it without having to facilitate the payment. In other words, each party to the transaction trusts that the asset being exchanged has intrinsic value.

What is blockchain technology?

In the continuance of the article How To Convert BTC to USDT on Binance? We want to review how blockchain technology is used. Crypto currencies are part of a blockchain and the network needed to power it. Blockchain is a distributed ledger, a shared database that stores data.

Encryption methods secure the data in the blockchain. When a transaction is made on the blockchain, the information from the previous block is copied with the new data into a new block, encrypted, and the transaction is verified by validators called miners on the network.

When a transaction is confirmed, a new block is opened, a bitcoin is created, and miners who verify the data in the block are rewarded with a percentage. In the end, they can use it, keep it or sell it. Bitcoin uses an advanced algorithm to encrypt data stored in blocks on the blockchain. In simpler terms, the transaction data stored in a block is encoded into a number. This number contains all the transaction data and information related to the blocks before that block.

What are the advantages and disadvantages of Bitcoin?

In this section, we would like to point out the most critical issues that make digital currencies, especially Bitcoin, different from all other currencies in the world: Bitcoin is a global currency that is very easy to move across borders, and as a relatively anonymous currency, transactions make it private. This currency is unregulated and unstable and cannot be used as much as traditional currencies.

On the other hand, the amount of energy consumed globally for the operation of Bitcoin is also very high. According to the great researchers of the world, this carbon footprint is equal to the entire country of Argentina. This has raised questions about the long-term sustainability of this phenomenon, especially as global economies strive to reduce their greenhouse gas emissions in line with international environmental agreements and related green goals; This issue can be influential in the spread of this crypto currency.

How to buy Bitcoin? How To Convert BTC to USDT?

If you don’t want to mine bitcoins, you can buy some bitcoins using a digital currency exchange. Most people can’t buy all of Bitcoin because of its price, but you can buy a portion of Bitcoin on these exchanges in fiat currencies like the US dollar. For example, you can buy bitcoins in various exchanges, such as Binance, by creating an account and paying in dollars. You can fund your account using your bank account, credit card or debit card and then buy the crypto currency you want.

What is USDT?

Tether (USDT) is a type of stable digital currencies that protects you against the sharp fluctuations of the cryptocurrency market with its fixed price, and you can use it to transfer dollars digitally. The price of stable digital currencies always depends on the value of their backing assets and goes up and down with them. There are other digital currencies besides Tether, but the USDT is currently the most powerful stable digital currency in world!

How to convert BTC to USDT on Binance?

For converting Bitcoin to Tether in Binance exchange, we can use 2 different ways. For doing this, follow these methods below:

  Convert Section :

Go to Binance exchange website.

Log into your account in Binance.

Go to the trade section at the top of the page.

Click on the “Convert” that is the first option to go to its page.

Enter the amount of BTC that you want to convert to Tether in the first textbox.

Find and select Tether (USDT) in the bottom field.

Now click on the “Preview Conversion” to see the preview of the convert you’re trying to make.

Now click on the “Convert” button after you got sure about the Bitcoin to Tether conversion.

If the timer on the “Convert” Button was finished, click on the “Refresh” Button to see the updated prices in Binance exchange and try to convert your Bitcoin again.

Try to not waste any time and click on the “Convert” Button and start the conversion before you need to click on the “Refresh” button and reset the conversion.

After the operation has been finished a message with a green check on it that says the conversion has been done successfully should be shown to you with details about the transition.

In this step you can click on “Back” button and go the last page and go to “Trade History” page with clicking on “View Status” and see that the transition was successful and check the transition’s details.

After knowing how to convert BTC to USDT on Binance? we should add that: It is interesting to know that Binance is one of the most widely used crypto currencies in the world. One of the main reasons for Binance popularity is its widespread support for altcoins, which has led to continuous growth.

For withdrawals below 2 BTC per day, no special confirmation is required on Binance Exchange. You can also use the mobile app for iOS and Android devices to access this exchange.

  Classic Trade section

How to convert BTC to USDT on Binance? In this method you can try to sell your Bitcoin for USDT in Classic Trade section and convert your Bitcoin to Tether like the previous method.

1. Login to your account on Binance exchange website,
2. Go to “Trade” menu and click on the “Classic Trade”,
3. Now you can proceed to sell your Bitcoin for tether.

If you had no Bitcoin in this section, you need to transfer your Bitcoin to your Binance wallet and then try to do this method. Using Classic Trade section is like a normal trade and it’s another way for converting your Bitcoin to Tether that you can use. In this section, you can set the fee of your transaction in Binance and its selling price, or sell it at the latest market price.

  Note: If you want to convert your digital currency to BTC quickly, use the Convert section; On the other hand, if you want it to be cheaper and cost less, you can use the Classic section. In the Classic section, as we said, you can sell your Bitcoin at the market price and set the limit to be sold at a specific price and you will be given USDT.

Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Quoted from Wikipedia.

Conclusion

If you’re wondering How to change BTC to USDT on Binance? and you want to convert BTC to USDT, this tutorial from shetcoiner will help you to do it. In this article, we said two easy way for converting BTC step by step. Also, We talked about these topics:

• What is Bitcoin? A history of money
• What is blockchain technology?
• What are the advantages and disadvantages of Bitcoin?
• How to buy bitcoin? How To Convert BTC to USDT on Binance?
• What is USDT?
• How to convert BTC to USDT on Binance?

You can refer to How to convert USDT to BTC on Binance? or How to transfer USDT from Binance to Coinbase? and other related articles, for more information.

Frequently Asked Questions

Can I convert BTC to USDT on binance?

Yes! You can convert your assets easily on binance with its automated crypto converter.

How to convert BTC to USDT on Binance?

You can convert you crypto currency on Binance using two method:

1. Via Convert section
2. Via Classic Trade section