The Canadian government's relationship with Tether and stablecoins is not in a promising spot right now. Ever since the speculation about Tether not being backed a hundred percent by USD, Canada has been looking into the matter, leading to a general ban on the two crypto-regulated exchanges in the country: Wealthsimple and Coinberry. However, demand for Tether is still is growing, and it is not impossible to acquire through other platforms that are not under the regulations of the Canadian government and US federal agencies.
The value of Tether is explained by the fact that currently identification and control of security processes in Canada can take several days, while with a stablecoin this happens almost instantly. The ability to buy Tether on the Itez platform is an chance to take advantage of new opportunities that will appear in the near future.
In order to buy Tether, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of USDT based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase USDT for dollars step by step.
After converting the currency to USDT, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.
Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
Specify the purchase amount in the Itez dialog box. Copy the recipient address - your USDT wallet - from the “Accept” section.
Important: you should not manually copy the USDT wallet address. The blockchain system does not give any information about USDT addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.
For example, this is how the copy address button looks like in the Exodus wallet:
After copying the USDT wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.
Push the “Pay” button and enter the one-time bank code in the following window.
After making a payment on the Itez website, you will immediately be able to see the Tether in your wallet.
The transaction will first wait for confirmations from the blockchain network.
As a rule, this happens quite quickly and in most cases takes no more than a few minutes.
Canada has five large banks, often referred to as The Big Five. The Royal Bank of Canada is the biggest in both net revenue and capitalization, serving more than 16 million people worldwide. It is closely followed by the Toronto-Dominion Bank, which is the one with the most assets. Bank of Nova Scotia, also known as Scotiabank, and Bank of Montreal are third and fourth. Lastly, The Canadian Imperial Bank of Commerce is the smallest of them all, but still trustworthy.
In addition to the usual MasterCard and Visa offered by the top banks in Canada, the most popular and recommended cards generally belong to American Express. You can buy a Tether on the Itez service using a debit or credit card of any of these payment systems.
Clients always have the option of keeping Tether on the exchange and software crypto wallets. For more significant amounts it is highly recommended to use a safer option, like a hardware electronic wallet. The best and more easily available in Canada for storing Tether are presented on this site: https://cryptowallet.com/best-tether-usdt-wallets/