Are you seeking instant methods to convert MONEY to USDT without needing to create an account on an exchange? In the fast-paced world of cryptocurrencies, exchanging your fiat for crypto is now as simple as a few clicks! 🚀 In this guide, we’re here to assist you with this purchase instantly.
In particular, swapping cash for crypto allows investors to receive cryptocurrency(USDT) directly within their wallets, eliminating the need to transfer funds to an external exchange. This feature streamlines the buying process, saving time and reducing transaction fees.
For crypto investors, instant purchases offer several advantages:
- Convenience: Swapping directly within the wallet eliminates the need to register for an external exchange, transfer funds, and wait for confirmations.
- Speed: Instant crypto purchases are often faster than traditional exchange-based swaps, as they occur within the user’s wallet.
- Reduced Fees: Direct swaps can lower transaction fees by eliminating the need for intermediary exchanges.
By continuing to read this guide you’ll learn the following on how to convert money to USDT stablecoin:
- How to convert fiat to crypto by using the ChangeNow exchange
- Why and how to use Trust Wallet for this
- Learn the difference between custodial and non-custodial exchanges
How To Convert Money to USDT Instantly: Summary
In short, below are the necessary steps to purchase USDT with cash and receive USDT in a crypto wallet. Additionally, I will use the USD for USDT(eth) swap as an example. (You can also use other types of fiat to purchase crypto like EUR, GPB, CAD, BRL, or any other.)
Also, I’m using the ChangeNow exchange(non-custodial) as the platform. Overall, you have to do the following:
- Choose the exchange pair: USD-to-USDT
- Enter the recipient address: Your USDT(erc20) wallet address
- Send money(USD) to the exchange
- Receive USDT tokens instantly(minutes)
The steps above are a quick take of the steps you have to follow. Later on in this guide, I’ll go into more detail by including screenshots. Spoiler: using the ChangeNow platform in combination with Trust Wallet is the easiest and fastest solution out there!
What is A Non-Custodial Cryptocurrency Exchange?
Non-custodial cryptocurrency exchanges like ChangeNow are platforms that allow users to buy, sell, and trade cryptocurrencies. Additionally, without having to deposit their funds into the exchange’s custody. This means that users retain full control over their private keys and crypto assets at all times.
Non-custodial cryptocurrency exchanges work by acting as intermediaries between buyers and sellers. When a user places a trade order, the exchange matches the order with another user’s order and facilitates the trade without ever taking possession of the user’s funds.
Overall, they offer several advantages over traditional custodial exchanges, including:
- Security: Users’ funds are always under their control, which makes non-custodial exchanges less vulnerable to hacks and other security breaches.
- Privacy: Non-custodial exchanges typically do not require users to create an account or provide any personal information.
Where To Convert Money for USDT?
Earlier in this guide, I shared a summary of how to purchase USDT with cash. Additionally, you can use a crypto wallet to receive the cryptocurrency.
Next, a more detailed look at the platform to make the conversion:
ChangeNow
ChangeNow is a non-custodial cryptocurrency exchange that allows users to buy and sell cryptocurrencies without creating an account. This platform supports over 900(+) cryptocurrencies, including stablecoins(USDT).
Pros of using ChangeNow:
- Non-custodial exchange: ChangeNow does not require users to create an account, so your funds are always under your control.
- You can earn crypto(cashback policy): Create an account(if you want) and you can earn 0.1% cashback in NOW tokens on every transaction you make.
- Fast and easy to use: ChangeNow is very easy to use, even for beginners.
Cons of using ChangeNow:
- Higher fees: ChangeNow charges higher fees than traditional exchanges(Binance, Coinbase).
- Limited payment methods: ChangeNow does not support all fiat currencies and payment methods.
Why Use Trust Wallet
Trust Wallet is a user-friendly solution for individuals interested in learning about DeFi, NFTs, and storing coins. It allows you to have control over a wide variety of tokens in one place, which is very convenient.
In this specific example of converting USD for USDT, Trust Wallet enables you to add multiple currencies from different blockchains to a single wallet. This makes it easy to deposit any crypto and receive USDT(erc20) tokens simultaneously.
You can use ChangeNow to facilitate the swap experience using a single wallet. However, you are not restricted to using Trust Wallet; you can use any Web3 wallet that supports cryptocurrencies.
How To Setup Trust Wallet(Optional)
At the beginning of this guide, I explained to you briefly the process of creating a wallet on Trust Wallet. In this section, I’ll guide you step-by-step and also explain how to add the USDT stablecoin to Trust Wallet to receive funds. Here we go 😁:
- Go to the Trust Wallet homepage.
- Click the icon to download the app for your device.
- Open the app.
- Tap Create a new wallet.
- Check the box and tap Continue to accept the Terms of Usage.
- Take note of your recovery phrase.
- It’s important to keep this safe because anyone can use it to access your wallet.
- It’s not possible to take a screenshot of this screen.
- Tap Continue.
- Re-enter the recovery phrase to verify it.
- Tap Continue.
- At this point, you are all set and can start using the Trust Wallet.
Add USDT(eth) to Trust Wallet
To continue with this process, you need to make USDT available on your Trust Wallet. From here you can deposit USDT stablecoin from an external resource(CEX or blockchain).
To add USDT do simply the following:
- Open Trust Wallet App
- Tap on Add Tokens
- Enter Usdt in search bar and find USDT(eth) token
- Choose toggle blue
- Tap Done
To Convert Money for USDT: How Does It Work?
Before you begin with the fiat to USDT exchange:
- Ensure you have regular options to use as payment methods. These include Visa & Mastercard, Google Pay, and Revolut Pay as the main methods.
- Add USDT to Trust Wallet or any other Web3 wallet. Optionally, use the USDT receiving address to deposit tokens from elsewhere.
Converting USD to USDT
- Access the ChangeNow USD-to-USDT swap page. This is typically found under the “Exchange” or “Buy/Sell Crypto” tab.
- Select USD as the “You Send” currency. Enter the amount of USD you wish to swap.
- Select USDT(Ethereum) as the “You Get” currency. The estimated amount of USDT you will receive will be displayed.
- Enter your Tether(USDT) wallet address in the “You Receive” field. This is where your USDT tokens will be sent after the swap is complete.
- Review the swap details carefully. Confirm the amount of USD you’re sending, the estimated USDT you’ll receive, and your Tether(USDT) wallet address.
- Additionally, select the third-party payment provider. You can select Guardarian, Simplex, or Transak.
- After confirmation, you will be redirected to the third-party payment provider. Here you must provide your email or phone number and identity document(s) if it is your first time.
- Finally, pay with a credit card, bank transfer(SEPA), or any other payment method. Within minutes you’ll receive the crypto.
Consequently, by following these steps, you can instantly exchange any fiat currency for any other coin and expand your cryptocurrency portfolio.
Conclusion: Are Fiat to Crypto Swaps Convenient?
All in all, the conversion methods mentioned in this article really upgrade the crypto buying experience while remaining in full control over your crypto assets. On top of that, you don’t need to create an account and go through an extensive KYC process.
In short, the buying and swapping of crypto will be like this:
- Limitless exchange: Start from less than $2 and swap as much crypto as you want — there is no upper limit
- DeFi Based: Gain access to decentralized liquidity of Uniswap and Pancakeswap
- Non-custodial: All platforms retain your privacy and guarantee security.
Related: 5 Best Places to Swap USDT for Bitcoin
FAQ
How Can I Convert my USD to USDT Instantly?
As explained in this guide, you can use a crypto wallet like Trust Wallet to receive cryptocurrencies and keep in full custody over it. Additionally, you can use the ChangeNow platform to exchange fiat for crypto.
How Long Does It Take To Exchange Crypto at ChangeNow?
In this guide, I explained the conversion of fiat to crypto on the ChangeNow platform. It usually takes a few minutes to let the exchange process the conversion, however, you don’t need to create an account for this.
