Tether (USDT) is a stablecoin pegged to the US dollar and its exchange rate. There are several types of USDT, and they operate on different blockchains. USDT BEP20 is a version of Tether created based on the BEP20 standard, which functions on the Binance Smart Chain network with minimal fees and high transaction speeds.
What is USDT BEP20 and why is it popular?
The BEP20 standard is a framework that sets the rules for creating and operating tokens on the Binance Smart Chain. Compared to similar standards like ERC20 (Ethereum) and TRC20 (TRON), it is characterized by lower transaction costs and faster processing speeds. These advantages are provided by the Binance Smart Chain’s architecture, which uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, differing from the Proof-of-Work (PoW) used in the Bitcoin network and the Proof-of-Stake (PoS) used in Ethereum.
The USDT token in the BEP20 format is deeply integrated into the Binance Smart Chain infrastructure and is actively used within decentralized applications (dApps). Its high liquidity and compatibility with various platforms in the decentralized finance (DeFi) sphere make the token suitable for various operations, including exchanging for fiat currencies.
What are AML checks and KYC verification?
AML (Anti-Money Laundering) is a set of measures that prevent the laundering of illegal proceeds. KYC (Know Your Customer) is a client identification procedure to prevent financial fraud. These checks typically require the submission of documents verifying identity and place of residence. Banking organizations and many other financial institutions are required to conduct AML and KYC checks in accordance with current legislation.
There are cryptocurrency exchangers, such as Barry24, that carry out operations without AML and KYC checks. Transaction security is ensured by the cryptographic methods used in the blockchain. In this context, the absence of checks refers to a simplified exchange procedure that eliminates the need to provide personal data. This may be due to various reasons, including a desire for greater confidentiality or to simplify the process for users.
Methods of exchanging Tether BEP20 (USDT) to T-Bank (Tinkoff) RUB
When working with cryptocurrencies, the need to exchange them for fiat money often arises. One of the popular directions is exchanging Tether BEP20 USDT for Russian rubles (RUB) with withdrawal to a T-Bank (Tinkoff) card. Such an operation can be carried out in various ways. Let’s consider the main methods of exchanging USDT BEP20 for RUB, comparing their pros and cons with the anonymous exchanger Barry24.
Comparison with exchanges
- Barry24: Automatic exchange, no KYC and AML, fast crediting (1-15 minutes), fixed rate, guarantee of USDT “cleanliness,” no registration required.
- Exchanges: Mandatory verification, long crediting time (up to several hours), additional fees (up to 7%), possible blocking of funds if their “cleanliness” is doubted.
Comparison with P2P services:
- Barry24: Centralized automated systеm, no need to communicate with other users, round-the-clock support, guaranteed speed, and a transparent exchange rate.
- P2P: High risks of fraud, necessity of communicating with a counterparty, verification often required, hidden markups on the exchange rate, speed depends on the actions of the other party.
Comparison with Telegram bots:
- Barry24: Secure website (HTTPS), transparent terms, automatic processing of requests 24/7, operator support, USDT check, direct transfers.
- Telegram bots: Lack of legal guarantees, risk of encountering fake bots, limited support, possible manual processing of requests.
Barry24 provides a process for converting USDT BEP20 into Tinkoff rubles without the need for identity verification. It guarantees clear conditions and reduces the likelihood of problems that can arise when using alternative exchange methods.
How to exchange Tether BEP20 (USDT) to T-Bank (Tinkoff) RUB
The exchange of the cryptocurrency Tether BEP20 (USDT) for Russian rubles (RUB) with subsequent crediting to a T-Bank (Tinkoff) card includes the following stages:
- Platform selection. The first step is to choose an exchanger or platform that provides cryptocurrency exchange services. When selecting a service, its reputation, user reviews, and exchange conditions are taken into account.
- Creating a request. After selecting the platform, you should specify the exchange direction – USDT BEP20 to RUB. Next, enter the amount of USDT BEP20 you plan to exchange for rubles.
- Entering details. At this stage, you need to provide the details of the T-Bank (Tinkoff) card to which the rubles will be credited.
- Receiving the address. The platform will provide a Tether BEP20 (USDT) wallet address for you to make the transfer.
- Transferring funds. Transfer the specified amount of USDT BEP20 to the provided address.
- Receiving funds. After the transaction is confirmed, the rubles will be credited to the specified T-Bank (Tinkoff) card.
Directions for selling Tether BEP20 (USDT)
Directions for buying Tether BEP20 (USDT)
How to ensure exchange security
The security of cryptocurrency operations is one of the key aspects when conducting them.
Recommendations for choosing services:
- Reputation and reviews from other users. Data on negative reviews or payment delays are analyzed.
- Security measures. The platform’s security criteria inсlude data encryption and protection against DDoS attacks.
- Transparency. Platforms provide clear information about fees, limits, and exchange conditions.
- Support. The presence of a support service allows for resolving issues that arise during the exchange process.
Using exchangers with a proven reputation reduces the risks of encountering fraudulent activities. Barry24 has a sufficient reserve of funds to carry out exchanges (about $9,150,971) and ensures fast payouts to the specified details. The platform uses a secure connection (HTTPS) for data transmission and does not transfer user information to third parties. The confidentiality of operations is also ensured by the absence of log storage.
Conclusion
Exchanging Tether BEP20 (USDT) for Russian rubles with crediting to a T-Bank (Tinkoff) card is a method of converting cryptocurrency into fiat money. Using proven services reduces the likelihood of problems with transactions.
When choosing an exchanger, a number of additional factors should be considered. One of the selection criteria is the platform’s provision of “clean” coins that have not been involved in dubious operations. Anonymity and the absence of verification can be important advantages for clients who value confidentiality. The presence of a loyalty program and the use of modern technologies can also influence the choice of platform.
FAQ
What is Tether USDT BEP20 and how does it differ from other versions?
Tether USDT BEP20 is a token of the Binance Smart Chain standard. Unlike the ERC20 or TRC20 versions, it is distinguished by low fees and high transaction speeds.
How long does it take to exchange USDT BEP20 to a Tinkoff card?
After the funds arrive at the exchanger’s address, the rubles are sent to the card within 5 minutes. Delays on the part of the bank are possible.
Is it permissible to use any Tinkoff card for the exchange?
Yes, if the card is issued to an individual and accepts ruble transfers, it can be used to receive funds.
What should I do if I make a mistake in the card number?
In such cases, you need to contact the technical support service. If the transfer has not yet been executed, the request can be corrected or canceled.
How can I check the reliability of an exchange service before making a transaction?
Reviews on third-party resources are an additional source of information about the platform. You should also check for an HTTPS certificate, transparent exchange conditions, round-the-clock support, and the age of the domain.
What fees might be charged in addition to the specified exchange rate?
Besides the fixed exchange rate, network fees may apply (for example, for transferring USDT on the BSC network), which the user pays separately. Some platforms also inсlude a commission in the exchange rate or charge an additional fee for expedited processing of the request.
