Paxful Launches Tether (USDT) Trading And Adds New Features
All Paxful users can now buy and sell USDT, add bank details, and send bitcoins to their username.
September 28, 2020, New York - International P2P cryptocurrency platform Paxful today announced the launch of peer-to-peer transactions in Tether (USDT). All verified users can now protect their funds from Bitcoin price fluctuations and trade Tether, the stablecoin with the highest market value.This feature has been successfully tested in Nigeria and several other regions:
“To show our respect for one of our largest markets, we decided to first offer this feature to Nigerian Paxful users. During testing, we were convinced of its effectiveness and usability, and also collected feedback that helped us improve it. We are now ready to bring this update to all of our users, ”said Artur Shabak, Director of Product Development and Co-Founder of Paxful.Paxful users now have the ability to buy and sell USDT in the same way as bitcoin, using over 300 payment methods available, including wire transfers, online wallets, and gift cards. USDT can now be purchased immediately, without prior purchase of BTC, and stablecoins can be withdrawn directly from your Paxful wallet. Users can also convert their BTC to USDT (and vice versa) to protect their funds from market volatility.
The hedging function has been appreciated by thousands of users who have already converted about USD 1.5 million to Tether and thus secured their bitcoins from exchange rate fluctuations. Paxful has also introduced additional updates to make the platform even more user-friendly.
All users can now add their bank details in their account settings for even faster bank transfer transactions. When creating offers, you can select an option under which the account details will be automatically transferred to the trading partner after opening a deal. This will help both parties to the transaction save time and avoid mistakes.