How to exchange Shiba Inu (SHIB) for Tether stablecoin

Many memcoins have grown significantly in value during the wave of popularity. At the same time, investors may periodically need to transfer all or part of their assets into fiat or more volatility-resistant crypto coins, such as USDT stablecoins.

Options for exchanging Shiba Inu token for Tether

Users can choose from two networks on BestChange's website to sell Shiba Inu tokens: Ethereum and BNB Smart Chain (BSC). The exchange table labels these as Shiba ERC20 and Shiba BEP20.

There are significantly more options for obtaining Tether: a user can exchange SHIB tokens for USDT on one of the networks listed below:

• Ethereum (Tether ERC20);
• Tron (Tether TRC20);
• BSC (Tether BEP20);
• Solana in SLP format (Tether SOL);
• TON;
• Polygon;
• Optimism;
• Arbitrum;
• Omni.

In other words, users have more variability when exchanging SHIB tokens for USDT. For example, a user can send Shiba Inu tokens to the exchanger in the Ethereum network and receive USDT in the Solana, TON, or Polygon blockchain. However, it should be taken into account that to be able to use the USDT token; the wallet must have a certain amount of native cryptocurrency necessary to pay commissions in the network (ETH in Ethereum, BNB in BSC, TRX in Tron, SOL in Solana and so on).

Instructions on how to exchange Shiba Inu for Tether stablecoin

All available options for exchanging Shiba Inu to Tether stablecoin can be found in the BestChange exchange table.

If a user is not interested in a specific network but needs the fastest and cheapest option, the Solana (Tether SOL), Polygon, TON, Arbitrum, and Optimism blockchains are all suitable. These networks are best for saving on fees.

Each network available on BestChange's list, except Omni, provides access to a wide range of tools on the DeFi market for liquidity mining, pharming, liquid staking, lending, and more.

After selecting the direction, a list of online exchangers that provide Shiba Inu to Tether stablecoin exchange will appear. From the list that appears, choose an exchanger that suits your conditions and click on its name to go to the platform's site.

After that, the user proceeds to the second stage of the exchange — filling out the application. In the application form, it is necessary to specify the amount of SHIB tokens, the cryptocurrency wallet address for receiving USDT according to the selected network, and e-mail. In some cases, additional data may be required.

After filling out and sending the application, you need to wait until the exchange accepts it and sends in response the address of the wallet to which you will need to transfer Shiba Inu tokens.

The third stage of the transaction is to transfer the tokens to the wallet address provided by the online exchanger. When sending, paying attention to the fact that the user transfers SHIB tokens precisely in the network selected when filling out the application is essential.

Since the addresses in Ethereum and BNB Smart Chain networks have the same format, the user may inattentively send assets to the wrong network. The exchanger will not be able to warn the user in any way that the funds have been sent on a different network. In this case, the support service will have to resolve the issue, and the transaction terms may change.

After sending SHIB tokens to the exchange platform's wallet, it is necessary to confirm the transfer and then wait for the same from the service. Once the online exchanger confirms receipt of funds in its wallet, it will transfer the USDT stablecoin to the address provided by the user in the network specified by him.

As a rule, all transactions in the market networks are confirmed within a minute, but in rare cases, they are confirmed a little longer. Suppose the funds are not received after a while. In that case, it is necessary to copy the transaction hash provided by the exchanger when sending USDT tokens and check the transfer status through one of the blockchain browsers listed below:

• Etherscan;
• Tronscan;
• BSCScan;
• Solscan or Solana Explorer;
• Polygonscan;
• Tonscan;
• Arbiscan.