When you are looking for investment options in 2021, one of the popular options that have been intensively discussed is cryptocurrency. It is currently moving closer towards the mainstream. Yet, when talking about cryptocurrency, the first thing that comes up is its high volatility and price fluctuations. And you could lose all of your money in a matter of seconds. Therefore, you may look into stablecoins like USDT, or buy USDT in Singapore.
If you are not looking for those high-risk and high-return coins, stay your hand on something that does not fluctuate wildly but still continues generating buzz in the market. For example, USDT (Tether). It is a stablecoin that is tied at about 1:1 with the US Dollar. And it is developed to hold on against the market movements. Thus, traders would not experience extreme price ups and downs during the bullish or bearish market. And, staying safe from price fluctuations.
USDT has been gaining its adoption for the last few years. It is a great investment comparing to traditional fiat money. As fiat money like SGD is more likely to decline in value, rather than gaining profit from it. Although investing in it would not make you “very rich”, it is still one of the safe and reliable income sources.
When some investors hold a variety of coins at the same time, they are also likely to use Tether as another coin option, or a backup plan. When the other crypto coin you hold is going to drop or plummet to a low point, you may take advantage of the Tether. Although you would not gain as much as other digital assets, like Bitcoin or ETH, you still earn some back to help with your losses. USDT is always a smart investment among all the other cryptocurrencies’ one, to avoid extreme volatility in the crypto markets.
If you are not sure where to buy USDT in Singapore, the following will suggest 5 crypto exchange platforms where you can trade Tether with SGD safely!
Binance Singapore – The World’s Leading Crypto Exchange
Binance is the world’s leading crypto exchange that we believe every cryptocurrency trader would have heard of. The specific Binance Singapore website makes it easier for traders there to trade crypto assets directly using SGD Dollars with credit cards or banking transfers. It supports users in Singapore to trade USDT and choose from the largest selection of 150+ trading pairs available to exchange different cryptocurrencies, including Tether. Users only need to pay a 0.1% flat trading fee with a 25% discount via the platform.
Binance ranks number one in the world in terms of traffic, liquidity, and trading volume, you do not have to worry as it is a trustworthy platform to sell or buy USDT in Singapore.
Zipmex – Controlled and Regulated By the Monetary Authority of Singapore
Zipmex is a trusted global cryptocurrency exchange based in Singapore. And most importantly, it is regulated by the Monetary Authority of Singapore as it has obtained a license for digital asset trading. It comes to the first priority that you trade on a secured exchange. And you make sure your money and assets are in a good hand.
The exchange is promised to provide you best prices with trading fees as low as 0.2% per transaction while trading digital assets. If you are a user in Singapore, you can as well deposit SGD or USD to your account through the bank’s wire transfer. So that you could exchange your fiat currencies to USDT, or vice versa instantly!
Luno – Buy USDT in Singapore From Local Platform
Founded in 2013, Luno is a digital assets exchange based in Singapore. It provides trades across 25 pairs including 40+ local markets. The exchange runs a “the more reward you get the more you trade” with their fee structure. They ensure that you will pay lower fees based on your gross trading volume. Then, you might get rewarded while trading USDT on the platform.
The interface on their websites and trading platforms is specifically designed for beginners to increase the trading experience. Users can now also access their trusted and secure online wallets. To make it safe and easy to purchase, sell or store USDT in Singapore.
Tokenize exchange – Buy USDT With Low Rates Using SGD
Tokenize exchange is another crypto-asset exchange that is based in Singapore. The exchange allows users to 20 of the mainstream and liquid crypto coins and trading pairs. And you can trade each coin with SGD, USD, or liquid digital assets, like BTC and ETH.
They also offer competitive rates to trade most of the mainstream digital assets. If you are a platinum user, you can trade at rates that are as low as 0.1%. With the addition of using TKX as trading fees, fees for each execution are negligible.
USDT Pro – Trade USDT Via the Over-The-Counter (OTC) Market
USDT Pro is a USDT OTC Specialist based in Hong Kong, providing a professional gateway to sell and buy USDT in Singapore via the Over-the-counter (OTC) market. The platform settles instant settlements with global clients. They provide flexible payment options, including FPS, Alipay HK, that you can buy your USDT assets with SGD even you are out somewhere. Also, users can settle USDT OTC trades in less than 15 minutes, making sure traders secure their target rate without price slippage.
Although fluctuations would still affect the value of USDT from time to time, on the whole, it is a good asset to hold in the blockchain world that you never go into a vital loss investing that!
USDT has a lower investment risk compared to cryptos like BTC or ETH, but it does contain a certain level of risk like every investment. You should always evaluate the associated risk level before investing in any of the investment options!