Should I convert cryptos to USDT or xZAR?

Should I convert cryptos to USDT or xZAR?
You may have noticed two trading pairs on South Africa’s favourite cryptocurrency exchange, AltCoinTrader – namely xZAR and USDT. For those who are new to the industry, it might be difficult to choose which trading pair is best for you. Today we discuss each of the trading pairs and the pros and cons of trading with xZAR and USDT on AltCoinTrader.

What are the differences between xZAR and USDT?

Both xZAR and USDT are blockchain-based cryptocurrencies referred to as stablecoins. Stablecoins are used by crypto investors who want to avoid market volatility whilst keeping value within the crypto market.

xZAR is a South African stablecoin pegged 1:1 with the South African Rand (ZAR). Having xZAR in your AltCoinTrader wallet is as good as having ZAR. The coin is also referred to as the South African Tether and is available on a number of exchanges such as AltCoinTrader.

Since its creation in May 2018, the stable coin has become South Africa’s most trusted stablecoin.

USDT or Tether, is a cryptocurrency that is backed by an equivalent amount of U.S. dollars. The price of this USDT is pegged to the US dollar. USDT is the fourth-largest cryptocurrency by market capitalization and is worth more than $68 billion.

xZAR vs USDT

When you log onto your AltCoinTrader profile, you will notice the xZAR and USDT trading pairs. Here are a few tips to help you choose between the two trading pairs or even opt for both:

Benefits of trading with xZAR

Earn interest

If you save your xZAR with AltCoinTrader’s Easy Save tool, you could earn 5.23% APY.

Swap

Now you can swap xZAR for any cryptocurrency on AltSwap.co.za. AltSwap is a decentralized exchange (DEX) aggregator that searches multiple DEXs to get the best possible price on cryptos.

Payment system

Use xZAR to pay for various products and services. xZAR is widely recognised and accepted by various projects.

Benefits of trading with USDT

Save in U.S. Dollar

Having a diversified portfolio is key to financial freedom. By trading with USDT on AltCoinTrader, you can own a crypto that is pegged to the U.S. dollar itself. You can also save your USDT with AltCoinTrader’s Easy Save and earn 7.32% APY. With EasySave there is no lock in periods and no fees.

Transparency

USDT is controlled and managed by Tether Limited in an effort to make the coin transparent. Transactions details are available to the public. Remember that wallet owners are still anonymous, only wallet addresses are visible.

Secure network

Tether makes use of a secure Bitcoin blockchain network. This means that traders don’t have to be anxious about the safety of their coins.

Why are both trading pairs on AltCoinTrader?

AltCoinTrader aims to give crypto traders access to the best coins, the latest developments and updates in the crypto space and also the best tools to grow their money. There are currently 30 xZAR trading pairs and 4 USDT trading pairs available on AltCoinTraders. Traders can also exchange xZAR for USDT and vice versa with the xZAR/USDT trading pair on AltCoinTrader.