Exchange Monobank UAH to Tether ERC 20 USDT

Direct exchange from Monobank card to Tether ERC20 (USDT) is not possible. Tether ERC20 is a cryptocurrency that exists on the Ethereum blockchain, and the bank does not support operations with digital currencies directly. However, the exchange of Monobank hryvnias for digital dollars is carried out by dozens of platforms. However, by choosing the first one found on the Internet, clients often overpay and risk becoming victims of scammers. Therefore, you can use monitoring platforms to find the right option with sufficient reserve funds.

To exchange hryvnias from Monobank to Tether, you will need to go through several steps, using the capabilities of additional services, such as exchange offices.

In the case of an exchange, you will need to create an account on an exchange that supports trading with hryvnia and ERC20. It could be Binance, KuCoin, EXMO. You can also choose a reliable exchange with a good reputation. Exchange offices usually do not charge high commissions, do not require registration and verification, have an intuitive interface, and offer favorable exchange rates.

Use P2P services (peer-to-peer). These services allow you to directly make deals with other users without intermediaries. On such platforms, you can sometimes find more favorable Tether exchange rates than on regular ones.

To access fiat deposits and buying/selling funds on the exchange, the user will need to pass identity verification. Verification requirements in exchange offices may vary, but usually KYC is not required.

When using the exchange services, choose a method of replenishment (transfer from Monobank card, bank transfer) and follow the instructions. When using an exchange office, go to its official website and select the UAH/USDT ERC20 exchange direction. Specify the amount of money you want to exchange from Monobank and follow the prompts.

When using an exchange, choose the trading pair UAH/USDT ERC20. You also need to specify the type of order (market, limit) and the amount you want to buy. When using an exchange office, specify the address of the cryptocurrency wallet in the electronic application and make the exchange.

Go to the withdrawal section on the exchange and select USDT ERC20. Specify the address of the cryptocurrency wallet and the amount you want to withdraw, and then confirm the action on the website.

Before choosing a service to make an exchange, compare commissions, terms, availability of cashback, exchange rates, and user reviews. It is also important to make sure that you enter the correct wallet address. Remember that cryptocurrency rates can change during the day, so monitor them and try to make an online exchange when it is most profitable for you.