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Tether (USDT) Guide

Tether (USDT) is a stablecoin pegged to the US Dollar, providing the stability of traditional currency with the benefits of cryptocurrency. This guide covers using USDT with Rumble Wallet.

How to buy Tether (USDT)​

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Tether Holdings button beneath your Total Wallet Balance.
  3. Tap the Buy button.
  • You can also start a purchase by tapping the Buy button at the button of the app screen:
  • Tap Tether as the currency you want to buy.
  1. Enter the amount of Tether to purchase using USD or your local fiat currency. Funds will be deposited to your main account wallet.
  2. The wallet app will select the default network to use based on best rates. You can also optionally select the network to use to receive your Tether (Polygon, Ethereum, Arbitrum, or TON). You'll see the amount of Tether you'll receive based on the going market rates and fees (rates refresh frequently).
  3. Sign-in to MoonPay and verify with verification code.
  4. Select your preferred payment method.
  5. Tap the payment button to purchase.
  6. Wallet displays a status for your transaction, showing approximate arrival time, a transaction ID, the amount paid, and the estimated fee applied. You'll also see the receiving address and the final amount you'll receive.
  7. You'll receive a notification once your transaction completes.

How to sell Tether (USDT)​

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Tether Holdings button beneath your Total Wallet Balance.
  3. Tap the Cashout button.
  • You can also tap the Cash Out button at the button of the app screen to start a sale:
  • Select the source (main account wallet or Tip Jars) from which funds will be withdrawn.
  • Select Tether as the currency you want to cash out.
  • Select the wallet address with funds to cash out.
  1. Enter the amount of Bitcoin to sell. You can tap Use Max to sell all funds.
  2. The wallet app will select the default network to use based on best rates. You can also optionally select the network to use to receive your Tether (Ethereum, Polygon, Arbitrum, or TON).
  3. You'll see the amount of USD or chosen fiat currency you'll receive based on the going market rates and fees (rates refresh frequently). Minimum and maximum cashout amounts may apply per transaction.
  4. Sign-in to MoonPay and verify with verification code.
  5. Select your preferred withdrawal method.
  6. Tap the Confirm button to sell.
  7. You'll see a summary of the transaction. Tap Cash Out to complete the sale.
  8. You'll see a success message and funds will be deposited (settlement times vary depending on method).

See also

What is Tether (USDT)?​

Tether (USDT) is a cryptocurrency stablecoin that maintains a 1:1 peg with the US Dollar. Each USDT token is backed by equivalent reserves, making it ideal for users who want cryptocurrency benefits without price volatility.

Key features​

Price stability​

  • Maintains a stable value around $1 USD
  • Reduces volatility compared to other cryptocurrencies
  • Ideal for everyday transactions and storing value

Fast transactions​

  • Quick settlement times
  • Lower fees than traditional banking
  • Global accessibility 24/7

Transparency​

  • Regular reserve audits and reports
  • Backed by US Dollar reserves
  • Regulated and compliant operations

Advantages of USDT​

Stability​

  • Price remains stable around $1 USD
  • Perfect for budgeting and planning
  • Reduces cryptocurrency volatility risk

Accessibility​

  • Easy on-ramp to cryptocurrency
  • Familiar dollar-based pricing
  • Widely accepted across platforms

Efficiency​

  • Faster than traditional wire transfers
  • Lower fees than bank transfers
  • Available 24/7 worldwide

Getting USDT​

Buy with Rumble Wallet and MoonPay​

Purchase USDT directly in your Rumble Wallet:

  • Credit/debit card purchases
  • Bank transfers
  • Competitive rates and fees

Receive from others​

  • Get USDT tips from fans
  • Receive payments for goods or services
  • Transfer from other wallets or exchanges

USDT vs other options​

USDT vs Bitcoin​

  • USDT: Stable value, predictable amounts
  • Bitcoin: Potential appreciation, more volatile

USDT vs traditional banking​

  • USDT: 24/7 availability, global access, lower fees
  • Banking: Regulated, insured, familiar interface

USDT vs other stablecoins​

  • USDT: Most widely accepted, largest market cap
  • Others: May offer different features or backing mechanisms

Transaction confirmation​

  • USDT confirmation times vary by network
  • Fees vary based on network congestion and priority

Best practices​

For creators​

  • Accept USDT tips for stable income
  • Convert to local currency when needed
  • Track earnings easily with stable pricing

For Supporters​

  • Tip predictable amounts to creators
  • Budget effectively with stable values
  • Support creators without volatility concerns

Troubleshooting​

Common issues​

  • Wrong network: Ensure sender and recipient use same network
  • High fees: Consider using Polygon network for lower fees
  • Delayed confirmation: Check network congestion status