How to Buy, Sell and Trade Tether USDT on Obiex

How to Buy, Sell and Trade Tether USDT on Obiex

What is Tether USDT

Tether (USDT) is owned by a Hong Kong-registered company called iFinex. It was initially launched as RealCoin in July 2014 and was renamed and rebranded as Tether in November 2014.

USDT works on the Bitcoin, Ethereum, TRON, EOS, Algorand, Solana, and Bitcoin Cash blockchains.

USDT Market Cap and Price

USDT has a current market capitalisation of $83B and a circulating supply of 83,366,513,300.21 USDT. USDT is a stablecoin, which means it's pegged to the value of the dollar. 1 USDT = $1

How to Deposit NGNX on Obiex from your local Bank. | Obiex Finance Help Center
On Obiex, you can deposit Naira from your local bank account and exchange it for other coins. Follow these steps to do this.

How to Buy USDT on Obiex Using Naira

  1. Log in to your Obiex account using your registered email address and password. If you don’t have an obiex account, click here to create one in less than 2 minutes.
  2. Select the “Buy/Sell” button in the top middle of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Tap and select NGNX from the "from" coin list.
  4. Select USDT from the "select coin" list.
  5. Enter the amount of naira you want to buy USDT  with.
  6. Tap “Get Quote” to see the exchange rate and amount of USDT you’re buying.
  7. Tap “swap” to confirm the transaction.
  8. You now have USDT  in your Obiex Wallet.

How to Swap USDT to Naira on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select “Wallet” and tap USDT, then select Swap.
  3. Select NGNX from the "select coin" list.
  4. Enter the amount of naira you want to swap USDT to.
  5. Tap “Get Quote” to see the exchange rate and amount of Naira you’re swapping.
  6. Tap “swap” to confirm the transaction.
  7. You now have Naira in your Obiex Wallet.


How to withdraw NGNX from Obiex to your local bank account. | Obiex Finance Help Center
NGNX is tied to the value of the Nigerian currency; Naira, and it can be sent directly from your Obiex Wallet to any Nigerian bank account.

How to Deposit USDT  on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select the “Deposit” button on the top left of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Select USDT from the list of crypto assets.
  4. Select a network deposit address. Obiex supports Ethereum (ERC20), BSC(BEP20), Tron (TRC20), and Polygon (Matic) deposit networks.
  5. Scan the code to deposit USDT, or copy the wallet address to make your deposit.
  6. You will receive a notification once the USDT  is successfully deposited in your wallet.

How to Withdraw USDT  on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select the “Withdraw” button on the top second left of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Select USDT from the list of crypto assets.
  4. Choose from the three withdrawal methods: Send to Obiex user, Send to multiple users or Withdraw to an external wallet.
  5. If you choose to send to an Obiex user, type in their username, ETH amount, and the reason for transfer (this is optional) and tap send to the user.
  6. If you choose to send to multiple Obiex users, type in their usernames and the ETH amount for each user and tap send.
  7. If you select withdraw to an external wallet, paste the wallet address or select a wallet address from your saved address list.
  8. Choose the network (ERC20, BEP20, TRC20 and Matic) you want to use, type the amount of USDT you want to send, and the reason for the transfer (this is optional).
  9. Tap withdraw, and your transaction is now complete.

How To Swap USDT to Other Cryptocurrencies on Obiex

  1. Log in to your Obiex account using your registered email address and password. If you don’t have an obiex account, click here to create one in less than 2 minutes.
  2. Tap the swap button at the bottom middle of your screen.
  3. Select USDT from the "from" coin list.
  4. Select BTC, ETH, USD, USDC, BUSD or any other crypto from the "select coin" list.
  5. Select and confirm the coin amount you want to exchange.
  6. The swapped amount of the selected coin is now in your wallet.

How To Swap Other Cryptocurrencies To USDT on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Tap the swap button at the bottom middle of your screen.
  3. Select BTC, USDT, BNB, BCH, LTC, SOL or any other crypto from the "from" coin list.
  4. Select USDT from the "select coin" list.
  5. Select and confirm the coin amount you want to exchange.
  6. The swapped amount of USDT is now in your obiex USDT wallet.