4/18/2023 0 Comments Zeplin dao![]() ![]() At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. But don't worry, it's basically simpler than making a bank transfer. If this is your first time making a crypto deposit, the screen here may look a bit scary. Once you're done with it you should have full access to your exchange wallet. Though the process should be straight-forward and easy to follow. ![]() Step 4: Deposit USDT to exchangeĭepends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.Īfter going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account. As far as we can tell, BitMart is not one of those exchanges. Many exchanges does not allow investors from USA as customers. Needless to say, if you start trading here, you will not have to worry about the order book being thin. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. BitMart has a truly impressive liquidity. It became available to the public in March 2018. and congrats! You've just made your first crypto purchase.īitMart is a crypto exchange from the Cayman Islands. Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be asked to add a payment method. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish. ![]() You can take this as a trade-off to using a trusted platform to make your first crypto purchase. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.įollow the next step to finish your identity verification. Choose a strong password so that your account isn't vulnerable to hackers. Make sure you provide your real name as UpHold will need it for account and identity verification. USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term. ![]()
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