Today Singapore is one of the most progressive countries and the largest financial center in the world. In terms of transaction volumes, Singapore is on the list of leaders, and most payments go through its system. The country supports and encourages the development of financial services, giving bank users complete freedom regarding digital assets.
The stablecoin Tether is pushing users towards the mass use of cryptocurrency, the popularity of which is due to the simplicity of conducting monetary transactions and stability in relation to local currencies. In addition, to strengthen Tether in Singapore, a special system has been created that helps to keep the stablecoin from shadow circulation.
Such a favorable environment for the development of cryptocurrency leads users to special exchange services that allow them to purchase cryptocurrencies from anywhere in the world. One of the services that have earned the trust of users is Itez. The service made sure that the process of buying a cryptocurrency becomes simple and understandable: the step-by-step instruction for purchasing Tether in Itez helps to competently purchase without a long wait.
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.
Some time ago the largest bank in Singapore, DBS, announced the launch of a cryptocurrency exchange. In addition, United Overseas Bank (UOB) and Overseas Chinese Banking Corp (OCBC) cooperate with Tether, which are also demanded banks in the country.
In order to develop the banking sector, the Singapore government supports the development of integrated and private financial services. In this regard, to purchase Tether, the client can use not only Visa, MasterCard and Maestro international cards, but also the local payment systems. These include the three most popular ones: Wallex, Payoneer and Wise. Each of the payment systems has a specialized set of services that the user can choose based on the purpose of acquiring a stablecoin.
In order to protect users from financial losses, it is recommended to store the digital currencies in an electronic wallet account, a special tool from which it is impossible to withdraw funds without informing the owner. An electronic wallet is an additional step of protection: this function is used all over the world. The user can get acquainted with wallets for Tether at the link: https://cryptowallet.com/best-tether-usdt-wallets/