【USDT Trading】How to trade USDT in Hong Kong? Ultimate Raiders 2022


As the world’s largest stablecoin by market value, Tether (USDT) is the first virtual currency that almost every novice buyer comes into contact with. Thinking about buying and selling USDT but don’t know where to start? This article summarizes the handling fees, account opening conditions, features and risks of the largest USDT exchange in Hong Kong, and helps you master the trading instructions of Tether in 10 minutes.

Buying Coins Teaching 2022How to buy and sell Tether in Hong Kong? Teach you to deposit and withdraw funds on the USDT exchange from zero

Entering the second half of 2022, the virtual currency market has been defeated by a mountain, and even Bitcoin (BTC) and Ethereum (ETH) have not escaped the sharp decline. Under such extreme market conditions, Tether (USDT) is one of the few virtual currencies that can stand the test, so investors have switched to USDT in order to hedge against this wave of financial turmoil. If you are looking for a safe and low-fee USDT trading method, JPEX has specially prepared a must-read lazy bag to explain the precautions for trading USDT in Hong Kong!

USDT latest trend 2022

Reference: Google Finance

Tether (USDT) is the “stable currency” in the virtual currency world. As the name suggests, its price is more stable than other virtual currencies. It has been hovering between HK$7.76 and HK$7.88 in the past 5 years. Because of this, USDT is widely used in daily trading and trading, and its daily trading volume often ranks first, even surpassing popular coins such as Bitcoin and Ethereum.

As of 5:00pm on July 19, 2022, the price of USDT is HK$7.85.

What is USDT? Dismantling the principles of price stability

Before introducing Tether (USDT), we must first understand what a “stablecoin” is.

As we all know, the virtual currency market has always been extremely volatile, and the currency price can rise or fall by more than 100% in just a few hours, causing considerable trouble for investors. Imagine that you were hired in the morning with a daily salary of HK$15,000. How could the price of Hong Kong dollars have been greatly increased in one day, so that after a hard day’s work, the actual salary you received was only 40% of the original salary. Although this situation is ridiculous, but in It happens frequently in the currency circle.

In view of this, “stable coins” linked to fiat currencies came into being, solving the problem of high volatility in traditional markets.

Tether (USDT) is the first stable currency issued in the world and is pegged to the US dollar at a ratio of 1:1. No matter how volatile the crypto market is, USDT will still strictly abide by the 1:1 fiat currency reserve guarantee, that is, for every 1 USDT issued, its issuer must store 1 USD in the bank account. Under this mechanism, USDT successfully minimizes the volatility of virtual currency, and has stability comparable to legal currency, gold, and other assets.

As a recognized stablecoin leader in the market, USDT is currently the stablecoin with the highest liquidity, with a total market value of over US$65 billion and a market share of 6.47%, second only to Bitcoin and Ethereum.

What is the use of USDT? 3 reasons to buy and sell Tether

For investors, USDT has 3 main uses: (1) exchange , (2) interest income and (3) safe haven.

(1) Exchange

Based on the characteristics of high liquidity and low exchange rate volatility, USDT is regarded as the mainstream trading medium in the virtual currency market. Many people only accept USDT as the settlement currency when buying and selling Bitcoin, Ethereum and other currencies. It can be said that it is a must for withdrawals and deposits.

In addition, there are countless types of virtual currencies on the market, and some of the less popular currencies may not have a common trading pair (Trading Pair). Therefore, if you want to buy and sell less popular currencies, you may need to use the breadth of USDT to first convert currency A into USDT, and then use USDT to buy currency B.

(2) Interest collection

Similar to fiat currency, in addition to being used for investment, USDT can also be stored in exchanges to earn interest.

There are many USDT exchanges in Hong Kong that provide deposit and interest-bearing currencies. Among them, JPEX, created by the Japanese intelligent technology team, pioneered the “circular arbitrage” financial model, which can monitor market dynamics 24 hours a day and accurately earn the difference by buying low and selling high. , to help users get considerable interest on a regular basis.

JPEX provides arbitrage periods with a minimum of 1 day and a maximum of 30 days for customers to choose freely, and the annual interest rate is as high as 30%. For example, if you invest 1,000USDT and choose a 30-day deposit period, the calculation formula of the interest earned is as follows:

Principal X (Annual Income X Deposit Period ÷ 360 Days)

= 1,000USDT X (30% X 30 days ÷ 360 days)
= 1,000USDT X 0.025
= 25USDT

In other words, you will get a total of 1,025USDT on the expiry date, which is equivalent to HK$8,046.

(3) Hedging

USDT is also regarded as a safe-haven asset in the virtual currency market. In recent months, the market conditions of the currency circle have been extremely unstable, and the prices of some encrypted assets have repeatedly fallen, causing many investors to suddenly “make money and lose money”.

If you do not want your income to be affected by the impermanent market fluctuations, and do not want to withdraw directly from the market, it is generally recommended to switch to USDT when the market is volatile, so as to maintain the value of the currency on hand as much as possible.

How to start buying and selling USDT?

The most important thing to buy and sell USDT is to choose a reputable exchange with low fees.

JPEX aims to create a safe and reliable platform for buying coins. It has not only been awarded the MSB Fintrac license in Canada, the MSB financial license issued by FinCEN in the United States, and the ASIC operating license issued by Australia, but also approved by the Virtual Assets Regulatory Authority (VARA) in Dubai. Constraints, the trading system conforms to rigorous international standards, and is one of the best USDT exchanges in Hong Kong.

(1) Create a Buying Account

If you have never tried to buy coins, the first step is to create a free account in JPEX. The account opening steps are as follows:

  1. Click here to go to the JPEX registration page
  2. Enter mobile number or email
  3. Complete the registration

Limited-time welcome offer: Newcomers who sign up for a JPEX account will receive 30USDT! Click here to claim benefits now

(2) Download the JPEX Mobile App

The virtual currency market is changing rapidly. In order to ensure that you can keep abreast of the latest trends, it is recommended to download the JPEX mobile application to facilitate trading operations anytime, anywhere.

  1. Download from App Store
  2. Google Play download

(3) Buy USDT

After logging in to your account, click the “Buy Coins” icon in the menu.

Enter the amount of USDT you want to buy, and the system will give you the best quotation for USD to USDT according to the real-time exchange rate. If you are not satisfied with the exchange rate, you can update the page several times until you get the desired exchange rate.

After pressing “OK”, the system will jump to the payment page. JPEX provides VISA and MasterCard options. After simply entering the credit card information, the purchase process can be completed.

After successful payment, the system will jump back to the JPEX app. If you want to check the amount of USDT you hold, you can click on the menu and click “Assets”.

On the asset page, you can see the currency and total amount of virtual currency you hold. If the screen below is not displayed in your account, you can uncheck “Hide Small Assets”.

The procedure for buying USDT on JPEX is very simple, and the entire transaction process can be completed in as little as 5 minutes, which is easy and fast.

How to convert virtual currency to USDT?

If you hold other virtual currencies, such as Bitcoin, Ethereum, etc., and want to convert the above-mentioned assets into USDT for hedging and protection, JPEX also provides exchange services, which can be completed in a few simple steps.

(1) Go to the redemption page

Click on the menu, and then click “JP Flash Exchange” to enter the virtual currency exchange page.

(2) Pick Trading Pairs

In addition to USDT, JPEX’s exchange service covers up to 35 virtual currencies. You can first select the currency you want to exchange for USDT in the first column, and then select USDT in the second column.

(3) Check the estimated redemption results

After entering the amount of currency you want to exchange into USDT, you can click “Estimated Exchange Result” to view the real-time exchange rate quotation to know the total amount of USDT you will get. If you are satisfied with the exchange rate, press “Confirm” to complete the exchange.

(4) Check the number of USDT holdings

After completing the exchange, you can go to the “Assets” page to check the amount of USDT held and confirm the transaction result.

How to make money with USDT interest?

JPEX provides current financial management services. Users can get additional virtual currency as a reward by depositing USDT. It is a low-risk and stable return investment solution.

(1) Enter JPEX Wealth Management

Click on the menu and select “Banking”.

(2) Choose to check in USDT

Select “Current Banking”, scroll down and click USDT.

(3) Pick the ideal checking plan

After selecting USDT, you can flexibly select the lock-up period of “1 day”, “7 days”, “15 days” and “30 days” according to your personal needs and preferences, then enter the amount of USDT you want to deposit, and then click “Confirm” “.

After selecting USDT, you can flexibly select the lock-up period of “1 day”, “7 days”, “15 days” and “30 days” according to your personal needs and preferences, then enter the amount of USDT you want to deposit, and then click “Confirm” “.

How much handling fee do I need to pay for buying and selling USDT?

There is no need to pay any handling fee for buying and selling USDT on JPEX. No matter which currency is converted to USDT, the exchange handling fee is all HK$0.

If you want to cash out USDT, JPEX will regularly adjust the withdrawal fee according to the situation of each blockchain. The latest quotation is as follows:

BlockchainGas Fee

JPEX adheres to the tenet of “service-oriented, user interests first”, and is committed to building an epoch-making world-class virtual currency platform. It is the leading USDT exchange in Asia.

In order to build a truly safe and credible platform for buying coins, JPEX gathers top computer technicians from Japan, the United States and China. The team has more than 20 years of experience in value network services and practices enterprise-level distributed architecture to defend against malicious DDOS. And hacker invasion, improve the security of the coin buying platform and process in an all-round way, and provide users with first-class protection.

Ready to buy and sell USDT? Head over to JPEX to take your first steps now!


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