{"id":3540,"date":"2022-05-16T17:21:02","date_gmt":"2022-05-16T17:21:02","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=3540"},"modified":"2025-02-08T16:40:50","modified_gmt":"2025-02-08T16:40:50","slug":"which-to-buy-between-bitcoin-usdt-in-2022","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022","title":{"rendered":"Which to Buy Between Bitcoin &amp; USDT In 2022?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f94600581dd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f94600581dd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#What_to_Know_About_Bitcoin\" >What to Know About Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#What_to_Know_About_Tether_USDT\" >What to Know About Tether (USDT)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#How_To_Buy_Bitcoin_with_Naira\" >How To Buy Bitcoin with Naira<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#How_to_Sell_USDT_for_Naira\" >How to Sell USDT for Naira<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#Which_to_Buy_Between_Bitcoin_USDT\" >Which to Buy Between Bitcoin &amp; USDT?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>One of the biggest concerns in the cryptocurrency ecosystem has been price volatility which doesn&#8217;t leave out Bitcoin. Tether (USDT), a Stablecoin was however launched five years after Bitcoin was debuted to bring stability to the crypto market.<\/p>\n<p>Terra USD, another top stablecoin, and LUNA (both issued by the Terra company) had a big loss in the past week. Bitcoin and other altcoins were not left out in the crypto crash. While this happened, Bitcoin retains its number one spot while USDT stays third in the crypto market.<\/p>\n<p>In this post, we&#8217;ll discuss which to buy between Bitcoin and USDT. For the sake of crypto beginners, let&#8217;s learn more about both cryptocurrencies first.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Know_About_Bitcoin\"><\/span>What to Know About Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitccoin is the first cryptocurrency and the most popular among thousands of cryptocurrencies today. \u00a0Bitcoin with the trading symbol <a href=\"https:\/\/prestmit.io\/bitcoins\">BTC<\/a> is the brainchild of the mysterious Satoshi Nakamoto. It was the first peer-to-peer decentralized currency in the world.<\/p>\n<p>Today, BTC boasts a market capitalization of $560 billion. It commands a price of $29,459.38 USD with a 24-hour trading volume of $34,566,091,761 USD as of May 16th, 2022.<\/p>\n<p>The idea behind Bitcoin is to ease financial transactions by removing middlemen that otherwise control and regulate fiat currencies. It has since become the most popular digital currency and a speculative asset.<\/p>\n<p>BTC has been a choice for crypto traders\/investors because of its high potential. While BTC has experienced spiraling price fluctuations, its value continues rising. Another reason its top on investors&#8217; list is that it has more trading pairs in any exchange compared to newer coins.<\/p>\n<p>BTC is however not without shortcomings, one of which is price volatility (currently in its low period). You might make good returns when prices rise, but a downward trend will offset all your gains in one fell swoop.<\/p>\n<p>Out of the numerous digital assets created after Bitcoin (collectively known as Altcoins), Stablecoins is the only group with a stable price as they&#8217;re pegged with fiat currencies.<\/p>\n<div id=\"attachment_1430\" style=\"width: 810px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1430\" class=\"wp-image-1430 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/11\/Bitcoin.jpg\" alt=\"\" width=\"800\" height=\"400\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Bitcoin.jpg 800w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Bitcoin-300x150.jpg 300w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Bitcoin-768x384.jpg 768w\" data-sizes=\"(max-width: 800px) 100vw, 800px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 800px; --smush-placeholder-aspect-ratio: 800\/400;\" \/><p id=\"caption-attachment-1430\" class=\"wp-caption-text\">Bitcoin<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Know_About_Tether_USDT\"><\/span>What to Know About Tether (USDT)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tether USDT is a stablecoin with backed 1:1 by the US dollar. It is issued through Bitcoin\u2019s Omni Layer Protocol by Tether Limited, the company behind its development.<\/p>\n<p>Every Tether coin is physically backed by one dollar which protects people from the volatility of cryptocurrencies. Tether USDT makes transactions faster, simpler, and cheaper.<\/p>\n<p>USDT made its debut in 2014 and has since became the number one stablecoins. It is currently ranked 3rd among thousands of cryptocurrencies by<strong> CoinMarketCap.<\/strong><\/p>\n<p>As at the time of writing, USDT has a live market capitalization of \u00a0$75,664,145,329 USD. It has a circulating supply of 75,752,120,651 USDT coins.<\/p>\n<p>There are many reasons USDT is in the list of crypto traders\/investors. Today, Tether USDT is the most popular pair for Bitcoin and also across the board. Using a stable crypto coin backed by fiat makes it easier to pinpoint movement in the asset\u2019s value.<\/p>\n<p>Another advantage is that during a downtrend, Tether USDT will preserve its value. When cryptocurrency markets crash as we have it in recent week, you\u2019ll not lose because your coin\u2019s value is backed by fiat currency.<\/p>\n<p>Like Bitcoin, USDT is not without an issue-it&#8217;s major problem is the controversy with the Tether company. Auditing of Tether USDT and the reserves held by the company has raised controversy. This has been much of a concern when looking at it&#8217;s value.<\/p>\n<div id=\"attachment_3409\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-3409\" class=\"wp-image-3409 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2022\/05\/USDT.jpg\" alt=\"\" width=\"710\" height=\"458\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/05\/USDT.jpg 710w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/05\/USDT-300x194.jpg 300w\" data-sizes=\"(max-width: 710px) 100vw, 710px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 710px; --smush-placeholder-aspect-ratio: 710\/458;\" \/><p id=\"caption-attachment-3409\" class=\"wp-caption-text\">USDT<\/p><\/div>\n<h3><span class=\"ez-toc-section\" id=\"How_To_Buy_Bitcoin_with_Naira\"><\/span>How To Buy Bitcoin with Naira<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin is available for purchase on crypto exchanges worldwide as well as peer-to-peer trading platforms. In Nigeria, one of the best places to buy\/sell Bitcoin is Prestmit, a digital exchange platform.<\/p>\n<p>Bitcoin trading is made easy by Prestmit via its mobile app. BTC and other top digital assets like USDT, <a href=\"https:\/\/prestmit.io\/dogecoin\">DOGE<\/a> &amp; <a href=\"https:\/\/prestmit.io\/litecoin\">LTC<\/a> are available at market rates.<\/p>\n<p>If you are buying Bitcoin in Nigeria with the Naira or in Ghana with the cedis, it is quite easy, fast and secured on this platform. With the steps below, you can buy Bitcoin on this platform.<\/p>\n<p>1. Create a Prestmit account on the website or\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.prestmit\" target=\"_blank\">Prestmit mobile app on your android play store<\/a><\/p>\n<p>2. Log in on your Prestmit account<\/p>\n<p>3. Generate a Bitcoin address<\/p>\n<p>4. Click on \u2018Buy Bitcoin\u2019 from the list of currencies provided<\/p>\n<p>5. Select a preferred payment method<\/p>\n<p>6. Enter the amount of Bitcoin you want to buy<\/p>\n<p>7. Your order will be received upon the successful completion of the details<\/p>\n<p>8. Upon the confirmation of payment, the equivalent Bitcoin will be transferred to your Prestmit wallet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Sell_USDT_for_Naira\"><\/span>How to Sell USDT for Naira<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You might want to sell your USDT and to make this happen, Prestmit is one of the best places to do so. It is very fast and easy to sell\u00a0<a href=\"https:\/\/prestmit.io\/usdt\">USDT<\/a>\u00a0on P2P trading platforms like Prestmit. Once you create an account you will be given a free USDT wallet.<\/p>\n<p>When you send the amount of USDT you want to change to your wallet, wait for 3 confirmations. After the confirmation, you can now withdraw your money in Naira.<\/p>\n<div id=\"attachment_242\" style=\"width: 2010px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-242\" class=\"wp-image-242 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2.jpg\" alt=\"\" width=\"2000\" height=\"2000\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2.jpg 2000w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-300x300.jpg 300w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-1024x1024.jpg 1024w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-150x150.jpg 150w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-768x768.jpg 768w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-1536x1536.jpg 1536w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-370x370.jpg 370w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-41x41.jpg 41w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-760x760.jpg 760w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/04\/Prestmit-APP_GC_BTC-2-424x424.jpg 424w\" data-sizes=\"(max-width: 2000px) 100vw, 2000px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2000px; --smush-placeholder-aspect-ratio: 2000\/2000;\" \/><p id=\"caption-attachment-242\" class=\"wp-caption-text\">Prestmit app for crypto trading<\/p><\/div>\n<p>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_to_Buy_Between_Bitcoin_USDT\"><\/span>Which to Buy Between Bitcoin &amp; USDT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you are in cryptocurrency trading, stability in price and valuation are among the biggest considerations in your trades. BTC is still the most valuable cryptocurrency today despite the low price while stablecoin like USDT is the top choice for stability.<\/p>\n<p>There are several reasons to opt for BTC as base currency while diversifying. In a time of downtrend like this, USDT is the best to hold for its benefits.<\/p>\n<p>In fact, stablecoins got a mention by the <a href=\"https:\/\/www.reuters.com\/article\/us-crypto-currency-regulations\/britain-will-focus-crypto-rules-on-stablecoins-minister-says-idUSKBN2BM11G?rpc=401&amp;\" target=\"_blank\" rel=\"nofollow noopener\">UK government as it made the point of focus for regulation<\/a> rather than crypto in general. Bitcoin on its own has made giant steps in recent times as it has been made a legal tender by a nation (El Salvador in 2021).<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If you are making a decision on which to buy between the top cryptocurrencies, then must study their pros &amp; cons. \u00a0You also have to consider available pairs to trade with, volatility and liquidity.<\/p>\n<p>Although most people want to buy bitcoin in the cryptocurrency market, it\u2019s also advisable to look at the benefits of USDT and assess its growing popularity in trading.<\/p>\n<p><strong>Also Read<\/strong>&#8211; <a href=\"https:\/\/prestmit.io\/blog\/all-you-need-to-know-about-bitcoin-liquidity\/\">All You Need To Know About Bitcoin Liquidity<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the biggest concerns in the cryptocurrency ecosystem has been price volatility which doesn&#8217;t leave out Bitcoin. Tether (USDT), a Stablecoin was however launched five years after Bitcoin was debuted to bring stability to the crypto market. Terra USD, another top stablecoin, and LUNA (both issued by the Terra company) had a big loss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[],"class_list":["post-3540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Which to Buy Between Bitcoin &amp; USDT In 2022? - Prestmit<\/title>\n<meta name=\"description\" content=\"Which to Buy Between Bitcoin &amp; USDT In 2022? - Prestmit is the best site to sell gift cards and cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prestmit.io\/blog\/which-to-buy-between-bitcoin-usdt-in-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which to Buy Between Bitcoin &amp; USDT In 2022?\" \/>\n<meta property=\"og:description\" content=\"Which to Buy Between Bitcoin &amp; USDT In 2022? 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