The USDT to GBP Exchange Rate Comparison: Crypto.com, Ledger and Wirex

USDT (Tether) is a stablecoin that is pegged to the US dollar. It is designed to maintain a 1:1 parity with the US dollar, meaning that one USDT is always equal to one US dollar. It is used mainly as a means of transferring value between different digital asset exchanges, allowing traders and investors to easily move their money between platforms without having to convert it into different fiat currencies.

Same time as of today. It costs 200 USDT more approximately to exchange USDT to 4000 GBP by using Crypto.com than Wirex (or WirexApp).

The Ledger Crypto Virtual Card, has a rate between WirexApp and Crypto.com. Ledger Crypto Card only supports USDT (Stable coin) on Ethereum Chain.

Conclusion of USDT Exchange

The WirexApp supports USDT on TRC-20 (TRON Blockchain), ETH and so many other chains. And on the other hand, Crypto.com only supports USDT on ETH, Cronos and Polygons. And it has come to my attention (not just this time), the Exchange rate from USDT to GBP (Fiat) or vice versa on the Crypto is less favorable than on the WirexApp (at the same time). And Ledger Crypto Virtual Card’s exchange rate (USDT to GBP) is between Wirex (or WirexApp) and Crypto.com

My friend said that I could try the P2P (Peer to Peer, or Person to Person) Exchange, in order to get a good exchange rate. This is definitely a good idea to avoid being charged too much by the exchange.

Also, the buy/sell rate by Crypto exchange is not the same – so you will get immediate loss if you buy a coin and then quickly sell it straight away, or vice versa (sell a coin and then buy it back). The Crypto Exchange makes profit and that is how they make money and run business.

Tron Blockchain Posts

Here are some popular posts regarding the Tron Blockchain:

• NodeJs Function to Check if a Tron Wallet Address is Valid and Activated
• Introduction to Shielded Contracts on Blockchain (EVM, TVM)
• Passive Income: Staking TRX on Tron Blockchain and Earn Voting Rewards (4.8% APR)
• TRON Blockchain: How to Send the USDT (TRC-20) Transacton using Python tronpy?
• How to Get Balance of TRX or USDT/USDD/USDC (TRC-20) Smart Contract Tokens on TRON Blockchain?
• Function to Return the USDT/USDD/USDC Contract Address on Tron Blockchain (Main Net, Nile, Shasta)
• How to Send/Transfer USDT/USDD/USDC on Tron Blockchain using Tronweb?
• Javascript Function to Send Trx on Tron Blockchain based on TronWeb
• How to Generate an Account on Tron Blockchain using Python SDK?
• How to Claim the Witness (Super Representative) Voting Rewards on Tron Blockchain using Node Js (Javascript)?
• Automate Freeze Balance on Tron Blockchain using NodeJs with TronWeb/TronGrid
• Python Tool of Base58 Decode Check
• TRON Blockchain: How to Check the Number of Peers the Tron Node is Connected to?
• TRON Blockchain: How to Check If a Node is synchronized and Fully Functional?
• How to Activate a TRON (TRX) Blockchain Wallet Address?
• Delayed Swap due to Numeric Underflow Bug by using Tron’s triggerSmartContract Method

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• You can swap the STEEM/SBD to ETH (Ethereum) via steem2eth!
• You can swap the STEEM/SBD to Tether USDT (TRC-20) via steem2usdt!
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• Steem Blockchain Explorer!

Update: See some exchange rate provided by Crypto Ledger: Ledger Crypto Virtual Card Only Linked to Crypto Wallet

Another Update: here is how you can do it differently, to cash out Crypto to spend at Crypto [DOT] com Exchange: Optimizing Cryptocurrency Conversion: A Comparative Study of Wirex and Crypto Exchange Rates

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