How to exchange Chainlink (LINK) for Tether
Available options for exchanging LINK cryptocurrency for USDT stablecoin
Chainlink cryptocurrency is sold only on the original network. However, the user can get USDT stablecoins in different blockchains:
- Ethereum (in the form of ERC-20 token);
- Polygon (ERC-20);
- BNB Smart Chain or BSC (in the format of BEP-20);
- Tron (TRC-20);
- Solana (SPL standard);
- TON (Jetton);
- Optimism (ERC-20);
- Arbitrum (ERC-20).
What is the best network to choose to get USDT?
The Ethereum network, where the most liquidity on the DeFi market is concentrated, is the leading network for the USDT token. The Ethereum blockchain accounts for just under half of all USDT capitalization. If the cost of fees is not essential to the user but liquidity plays a significant role, Ethereum will be the most suitable option.
The Solana and TON blockchains will be the best choice if the user's goal is to make the fastest and cheapest transfers. This statement is also true for Polygon, Arbitrum, and Optimism networks. In BNB Smart Chain and Tron networks, transactions are slightly more expensive but are also processed quickly.
Instructions on how to exchange LINK to USDT
Stage 1: Selecting the direction and exchange office
To display a list of suitable exchangers, the user must select Chainlink (LINK) on the left side of the exchange table. In the right part, selecting Tether stablecoin from one of the networks presented in the table (Ethereum, Omni, BSC, Tron, and so on) is necessary.
In the list of exchangers presented after selecting the direction, you must find a suitable exchange and go to its website. Initially, exchangers are sorted by exchange rate, starting with the most favorable for the user. In the table with exchange offices, you can find detailed information about each site, for example:
- Whether users need to undergo identification;
- What reserve does the exchanger have;
- Whether the rate will be fixed during the exchange;
- Whether the transaction fee is taken into account in the exchange rate;
- What mode does the exchanger operate in (manual, semi-automatic or automatic);
- How long has the exchanger been operating, when it was registered on BestChange, etc.
In addition, the user can sort the list of exchangers, for example, by the site's number of available reserves or by the number of reviews about its work.
Stage 2: Forming an exchange request
After going to the exchange site, the user will be presented with an application form, which must be filled out to start the transaction. In the provided form, it is required to specify the wallet address for receiving USDT stablecoin in accordance with the selected network and the e-mail necessary for sending the check after the exchange.
The user must also accept the terms of use and KYC/AML policy. In some cases, exchangers may request user verification during the transaction process. Such exchangers are marked in the BestChange list with unique icons next to their names.
After the user fills out and sends the request form, the exchanger must accept it and send the address of his wallet for Chainlink transfer.
Stage 3: Transferring LINK cryptocurrency
After the exchanger sends the cryptocurrency wallet address, the user must transfer the required amount of LINK cryptocurrency specified in the reverse application form and then send a transfer confirmation.
Before transferring USDT tokens to the user's wallet, the exchanger must first confirm the user's sending of funds. Depending on the site's mode of operation, this can happen quickly and automatically or with a slight delay within a specified time limit (usually up to half an hour) when processing requests manually.
Stage 4: Receiving USDT tokens
After receiving the LINK cryptocurrency, the exchange will send USDT stablecoin to the wallet specified by the user in the application. The delivery time will depend on the chosen network, but transactions are usually confirmed within a minute.
Only in Ethereum or Omni can there sometimes be a few-minute delays. If there are any problems, the user can check the existence and status of the transaction in a blockchain browser such as Etherscan, Blockchain, or Omni Explorer.
