Dear Traders,
Thank you for making us the most loved cryptocurrency exchange in India. We hope your everyday experience with Bitbns is a delight and we would keep innovating on your behalf to make the trading experience absolutely seamless. In this article, we are going to discuss how using P2P USDT transfer could be an amazing alternative to P2P INR.
It’s simple — if you do not want to participate in the tipping system of P2P INR, P2P USDT is the solution you have been expecting. But wait before you assume it’s just another transfer method on our exchange. Have a look at how P2P USDT changes the game and allows you to also utilise and grow your money in multiple ways:
Faster Transactions
There is nothing that can match the speed of a P2P USDT transfer. Here’s why:
Skip peer matching if you want.
One of the reasons why P2P USDT is the fastest is that you can skip the wait time in peer matching process and manually match up with an open order shown in the order book. Be it a sell or buy order, you will always find open orders lined up. If you find a suitable open order in the order book, just click it to match up with it and sell or buy USDT instantly. If you can’t find an open order equivalent to the price and amount of your order, you can try breaking the transaction into parts by placing multiple orders.
No Tip System
We have kept P2P USDT free from any kind of tipping system, so that, altogether, with P2P INR and P2P USDT, we are catering to all types of traders.
Direct Buy/Sell
Usually, to buy any cryptocurrency, you have to first deposit INR in your Bitbns wallet. Once you have INR balance in your wallet, you can buy any cryptocurrency with it. But purchasing or selling USDT works differently and, more so, faster. Because it’s direct. When you deposit INR using P2P USDT, you get USDT, then and there. And when you sell USDT using P2P USDT, you get INR in your bank account, again, then and there. Also, with the launch of USDT trading pairs for BTC, ETH, XRP, TRX and BTT, you can purchase these cryptocurrencies with USDT anytime, in a flash. What is already quite apparent here is that USDT has already replaced INR in some ways, hasn’t it?
Grow Your Money
Trust us, your money doesn’t really like it when you just park it. Also, after 10 years, you wouldn’t like it either to see yourself in ‘Square One’ despite the opportunities you once had around you. It’s time to open your eyes and see how investing in USDT is the best way to grow your money. But basically, the only thing you trust with your money is fiat currencies like INR or USD, right? Then you shouldn’t be having a problem with storing your assets in USDT because the value of USDT is equal to the value of USD. Maybe a little more or less, but never unleashed. Here are some of the smartest ways to grow your money with USDT:
Lend It
How much would your annual profit be in a year by investing in mutual funds and fixed deposits? 8%? 9%? 12% if your bank is in a good mood? Convert your assets to USDT and use Margin Lending to lend your funds to earn upto 20% interest, annually.
Go Big, Go Long
USDT is backed by US dollar and its value is always approximately equal to that of US dollar. So if active trading is not your cup of tea, buy USDT and hold it till you can sell it, pocketing enough gains. For example — value of USD exactly a year back (today is 14th February 2019), was 64.10 INR whereas USD is valued at 70.90 INR. So if you had bought 1000 USDT by investing 64,100 INR, then you could have made a profit of 6,800 INR by selling 1000 USDT for 70,900 INR. Remember, USDT is USD.
Why gain marginally when you can Margin Trade?
So let’s suppose you are a frequent trader, and you managed to pocket 1,000 INR of pure profit by selling USDT at a higher price than the price at which you purchased it. But what if your gains were double? Well, there are only two ways that may happen:
- Market jumped double — This is something you cannot control.
- You had double the funds — With the same price movement in the market, double the funds would give you double the profit. This is where Margin Borrow comes in handy. Based on your net worth, you can borrow almost double the amount of crypto you hold. For instance — if you have 1000 USDT in your Bitbns wallet, you can borrow approximately 800 USDT more and sell them to get more profit.
Apart from what we have discussed about here, storing your assets in USDT multiplies your wealth because the value of INR over a long period of time has decreased and is still decreasing. The most common way to verify is that is true or not, is the Rs. 100 note in your pocket. What you could purchase with a Rs. 100 note, is way lesser than what you can purchase with it at present.
We will soon publish a second article where we will discuss how USDT keeps your purchasing power from decreasing with time. So do keep an eye out and stay updated with Bitbns on Medium.
Regards
Team Bitbns
