Global peer-to-peer cryptocurrency marketplace Paxful has launched Tether (USDT) trading worldwide, allowing verified users to hedge against Bitcoin volatility by trading the leading stablecoin. The feature, initially piloted in Nigeria, is now available globally alongside several user experience upgrades.
Key Updates and Features
1. Global USDT Trading
- Users can buy/sell Tether (USDT) directly without converting Bitcoin first.
- Supports 300+ payment methods, including bank transfers, e-wallets, and gift cards.
- Withdraw USDT instantly from Paxful Wallet or hedge BTC/USDT conversions.
"We prioritized Nigeria for the pilot due to its strong user base. The feedback helped refine the feature for global rollout," said Artur Schaback, Paxful CPO.
2. Enhanced Hedging Tools
- Over $1.5 million in BTC converted to USDT during volatility.
- New one-click conversion between BTC and USDT.
3. Bank Account Integration
- Add bank details in settings for faster trades.
- Auto-share verified details during transactions to reduce errors.
4. Simplified BTC Transfers
- Send Bitcoin using Paxful usernames (previously required wallet addresses).
- Streamlines remittances for families or friends.
FAQs
Q1: How do I start trading USDT on Paxful?
A1: Verify your account, select USDT in the wallet, and create an offer with preferred payment methods.
Q2: Can I trade USDT without owning Bitcoin?
A2: Yes—USDT can be bought/sold directly without BTC intermediation.
Q3: What payment methods support USDT trades?
A3: All 300+ Paxful options (e.g., bank transfers, PayPal, Amazon gift cards).
About Paxful
Founded in 2015, Paxful empowers 5 million+ users to trade Bitcoin and USDT peer-to-peer. Its #BuiltWithBitcoin initiative funds schools in emerging markets.
👉 Explore Paxful’s Marketplace
For media inquiries, contact Nina Paragoso at +372 5787 4855.
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