Important things are worth repeating three times: It is recommended that everyone bookmark this to avoid getting lost and not being able to see it!!!
The cheapest and safest way to buy U (USDT, Tether) can be followed through the following steps:
Choose an exchange: First, select a reputable large exchange for trading. Large exchanges usually offer more trading pairs and lower trading fees, while their security is also relatively high.
Registration and certification: Complete the registration at the exchange and undergo the necessary identity verification (KYC) process. While this increases the complexity of trading, it helps reduce the risk of being frozen.
Use OTC trading: Look for quotes in the over-the-counter (OTC) market of the exchange. OTC trading allows you to trade directly with buyers or sellers, potentially finding better prices.
Choose the right OTC merchant:
Merchants with a long registration time: Choose those merchants who have been registered at the exchange for a long time and have high trading volumes, as they are more likely to be reliable.
Check reviews and history: Review the merchant's ratings and trading history, prioritizing those with many positive reviews.
Use e-commerce stores for payments: If possible, choose merchants who accept payments through Taobao stores, as this can reduce the risk of being frozen since the funds are transacted through the Taobao platform, increasing transparency and security.
Fund preparation:
Long-term fund accumulation: If possible, ensure that your bank account has long-term accumulated funds, which helps in passing the merchant's review.
Normal trading flow: Maintain a normal trading flow in your account and avoid frequent inflows and outflows, which helps in passing the merchant's review.
Purchase gradually: Start with small amounts, and if everything goes smoothly, proceed with larger purchases to avoid the risks associated with large one-time transactions.
Pay attention to trading times: Trade during the day, as trading at night or in the early morning may encounter higher risks.
Avoid cash transactions: Do not engage in offline cash transactions, as they are not only unsafe but also violate the rules of most exchanges.
Understand the withdrawal process: If you need to withdraw, understand and follow the exchange's secure withdrawal process, including any KYC verification and transaction records that may be required.
Use a bank account: Use your regular bank account for transactions, ensuring that this account is not marked as a high-risk account.
Beware of low-price temptations: Although low prices are attractive, be wary of trades with abnormally low prices, as this may indicate higher risks.
Comply with regulations: Ensure that your transactions comply with local laws and regulations, and do not engage in any illegal activities.
By following the above steps, you can enhance the safety of buying U and possibly find relatively cheaper prices. Remember, safety is always the first priority, and do not neglect the safety of transactions in pursuit of low prices.