Inflation uncertainty is increasing, complicating the price of basic goods and services.
Therefore, buying stablecoins or digital dollars on platforms such as El Dorado may be the solution.
This is an effective method that makes it possible to take advantage of the stability of the digital dollar, something that the Colombian peso does not share.
Below are some keys to saving digital dollars in Colombia, especially El Dorado.
What is the digital dollar and how does it work in Colombia?
It is a cryptocurrency known as stablecoin, characterized by having a value similar to the physical dollar. The reason for this is that it is backed by assets from the reserve of the traditional banking system.
If a person decides to buy digital dollars with Colombian pesos, when the value of Colombian pesos decreases, the price of USDT will not be affected. This way, you can support your savings and be protected against inflation.
Differences between the digital dollar and the physical dollar
The differences are important, first of all, the USD is a physical currency that is backed by the United States. Meanwhile, USDT is digital, that is, it cannot be touched, in addition to existing in blockchain networks.
However, with regard to usage, the USD can be used to buy all kinds of goods and services, such as coffee, paying the electricity bill or hiring a professional decorator.
For its part, the digital dollar is only used to purchase digital assets or to be part of DeFi platforms.
But, if we talk about stability, the USD is part of inflation and local government regulations, causing changes in its price over time.
On the other hand, USDT is stable, making it a more reliable currency in times of uncertainty.
Popular platforms for acquiring digital dollars in Colombia
- El Dorado: It is a platform that allows you to buy digital dollars with Colombian pesos that offers reduced rates or commissions. Its use is simple, all you have to do is register, do the identity verification process and choose the most accessible banking method in Colombia, according to the user's needs.
- Dollar App: It is a platform for buying or selling dollars, offering a card that allows you to buy in virtual or physical stores.
- Zulu Transfer: It comes together to buy digital dollars such as USDT in Latin America and has the advantage of being free for shipments within the same platform.
- Binance: Similar to El Dorado P2P, it allows free shipping between users of the platform. In addition, it has a P2P section where you can choose the best cryptocurrency seller with commissions that fit your pocket.
It should be noted that all apps must be downloaded to the mobile phone, but once this step is done, their use is simple. In this way, Colombians can have better control over their savings when buying digital dollars.
Why save in digital dollars in Colombia?
Saving in USDT in Colombia is an alternative to combat devaluation because they are currencies that have the same value as the USD. In addition, it serves to have a diversified asset portfolio while combating inflation.
Advantages against the Colombian peso
- Stability: The digital dollar doesn't change its price in the same way that other cryptocurrencies do. Since, its value is similar to that of the USD, guaranteeing a 1:1 ratio, something that does not happen with the Colombian peso.
- Available 24 hours a day: As it is a digital currency, there is no bank that closes its operations on the day, allowing access to them at any time. Then, they can be used at the most convenient time, according to the user's needs.
- Flexibility and speed: Any transaction that is carried out with digital dollars is immediately displayed in the recipient's account. This eliminates waiting times for transfers in Colombian pesos from one bank to another.
- Lower costs: Because it is USDT, there are no commissions between users of the same platforms, reducing the costs of transfers from Colombia to other countries.
Protection against devaluation and inflation
Cryptocurrencies have a fixed availability. In other words, the greater the demand, its value will increase, becoming an important defense against devaluation.
In addition, they are decentralized, meaning that no institution controls them. This feature protects assets from arbitrary manipulation to change their value in a hasty manner.
In Colombia, stablecoins or digital dollars have become the key to fighting inflation. Well, users can buy an asset whose value is stable, keeping the value of their savings at all times.
Practical strategies for saving digital dollars
Earning digital dollars is a significant investment that provides potential growth and diversification. In addition, it is an important way to combat the devaluation of the Colombian peso.
Set savings goals in digital currency
The first thing is to define if you want to establish a long-term or short-term investment, or combine both options. To do this, it is key to set a goal to be achieved, indicating an amount of USDT to be purchased each day, week, month or year.
Don't forget to use reliable platforms like El Dorado P2P to purchase them.
Use secure wallets and reliable platforms
Buying cryptocurrency involves a risk of scam, fraud or theft, so it's crucial to choose reliable platforms or secure digital wallets to be shielded.
In addition, it must be ensured that the option chosen offers adequate tolerance for savings in digital dollars.
For example, in El Dorado P2P there are security methods that allow you to carry out reliable operations and prevent fraud, theft or fraud.
Automate your savings with periodic transfers
This is a strategy in which fixed investments must be made on a regular basis, a process that can be automated with El Dorado.
Because, it has an automatic transfer function where the funds in the Colombian peso account are converted into digital dollars.
In this way, users can purchase their USDT in their wallet without the need to log in to the app.
What is the best platform to save in digital dollars from Colombia?
Before joining the digital dollar market in Colombia, the first thing to know is if a platform is reliable:
Comparison of available options
- El Dorado: Allows you to buy USDT at low fees and with payment methods such as Nequi, Bancolombia, Daviplata, Davivienda, Movil, Bank Transfer, Llave and BBVA, making the process easier for users in Colombia. In addition, it is possible to make fee-free payments between users of the same app.
- Littio: It is a platform where you can buy USDT with variable fees, accepting payments from Bancolombia, Nequi, PSE and bank transfers. In fact, it is possible to receive payments from abroad without a handling fee.
- Global66: Allows you to buy electronic USD with variable fees, make credit or debit card payments and bank transfers.
- Lulo X: It is used to buy USDT and its platform is intuitive, the commissions are not clear, but the digital dollar can be purchased with payments from Lulo.
Why choose El Dorado to save in digital dollars?
El Dorado is based on financial inclusion, an intuitive platform and access to high-yield digital dollar savings accounts, especially for countries like Colombia.
By being part of this platform, the user will be able to buy USDT and exchange them for USD to generate interest. You can also buy digital dollars even if you are a beginner, as well as have access to the app 24 hours a day.
The platform also implements security mechanisms to prevent fraud, theft or fraud in the operations that are carried out, guaranteeing the support of user funds.
Overall, El Dorado.io is one of the safest, easiest and most accessible options for buying digital dollars, especially in Colombia.
Success stories: Colombians who are already saving in digital dollars
There is no specific information to indicate that Colombians are 100% successful when they decide to exchange their savings for the digital dollar to obtain benefits. However, what is true is that this alternative provides support in the face of the devaluation of the Colombian peso.
Due to the growth of the large number of platforms, all you have to do to mitigate cryptocurrency risks is to choose a reliable, secure app with the right tolerance to save in USDT.
Final Tips to Get Started Today
- Set a budget per day, week, month, or year to buy digital dollars.
- Define a realistic savings goal, whether for the short or long term.
- Determine the time required to achieve the goals.
- Define an action plan that will be strictly enforced.
- Choose a secure platform like El Dorado.
- Verify that the app has strict security methods to prevent theft, fraud, or scams.
- Evaluate commissions between the different platforms available.
- Be aware of the risks involved with the digital dollar.
Save today in digital dollars with El Dorado P2P
Platforms for buying and selling digital dollars are gaining popularity in Colombia due to the protection they offer against devaluation and inflation.
Start now with El Dorado and protect your money in digital dollars easily and securely!
