Wednesday, November 1, 2023

Exchange Tether ERC20 (USDT) to Bitcoin (BTC)


Exchange Tether ERC20 (USDT) to Bitcoin (BTC)

The growing popularity of Bitcoin has led to problems with blockchain scalability, which has necessitated the development of progressive add-ons to the layer 1 platform. One of the tested and actively gaining rapid demand is the Lightning Network (translated as “lightning network”)

It was presented at the end of 2015. The main advantage is the ability to make instant BTC transfers on the Lightning Network. The platform is decentralized, controlled by users themselves, and the protocol code is publicly available.

There are many reasons why users prefer this system and search for resources ready to exchange Tether ERC20 (USDT) to Bitcoin (BTC). Among the advantages:

  • high speed of operations;
  • reduced commissions (transfers are several times cheaper than standard transactions on the blockchain);
  • the ability to quickly carry out micropayments (in the main system, confirmation of microtransactions takes a long time);
  • anonymity (to transfer Bitcoin to LN, information about the recipient and sender is not required).

For microtransfers, the Lightning Network is ideal, but when making large payments, experienced users find the main platform more reliable.

How to buy Bitcoin LN (BTC)?

There are different ways to fund your Lightning Network account. First, you need to open the wallet directly in the system (there are three types available). Next, transfer funds to it. If you have the Tether USDT stablecoin in ERC20 network at your disposal, then you can also use this asset, you just have to exchange it for BTC on the Lightning Network through specialized online exchangers.

The exchange procedure is simple. You need to go to the website of the exchanger that offered favorable conditions, fill out a short electronic application and complete the transaction in a couple of clicks, using the instructions and tips of the service.

Where to find a profitable exchange?

Above was a link to a English-language monitoring portal that provides information about exchangers operating in any direction. You can get a larger selection by using the English aggregator of searching for favorable e-exchangers. Both services are free and specialize in monitoring cryptocurrency rates and online exchange services. With their help, you can simply and quickly find an exchange site for converting funds into the required units, offering really the best conditions.

Monitoring portals are a guarantee that the user will choose a reliable, certified, secure exchange service to exchange Tether ERC20 (USDT) to BitCoin cryptocurrency (BTC). The listings of monitoring portals include online items verified by the system; scammers are excluded. The portal is an independent resource, therefore, each user can leave a review about the operation of the exchange office, which will help other visitors to the site make a choice

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