How to buy P2P dollars with Colombian pesos in El Dorado P2P?

In Colombia, an increasing number of people save and make payments in digital dollars, USDT, as an alternative to cash dollars. USDT is a digital dollar linked to the price of the U.S. dollar, and Colombians use it as a tool to dollarize their finances.

In this guide, we teach you in 1 minute how to buy USDT in El Dorado P2P using Bancolombia or Nequi, so that you have an alternative to cash dollars in Colombia.

Step by step to buy USDT dollars with Bancolombia or Nequi:

Buying USDT dollars in El Dorado P2P is easy and fast. Follow this step by step:

1. Download our App and create your account in El Dorado using your email.

2. Verify your identity; it won't take you more than 10 minutes.

3. Go to “Change”, select COP within “I have” And in “I want” select USDT.

4. Choose the amount you want to change and select Bancolombia or Nequi within Payment methods.

5. Select a merchant's ad “Online” and choose “Quick Change”.

6. Copy the seller's payment details, make the payment for the amount indicated in the app using Bancolombia or Nequi and brand “Payment made” in El Dorado.

7. Wait for the seller to verify the payment and, voila, your digital dollars will be automatically deposited in your USDT wallet at “Home”.

Step by step to sell USDT dollars with Bancolombia or Nequi

1. Go to the” tabChange“and select “I Have” (USDT) and “I Want” (COP).
2. Enter the amount of USDT you want to exchange.
3. Select the best ad and wait for the merchant to make the payment.
4. When you receive it in your bank or wallet, confirm the transaction.

Ready! Now you have your money available in Colombian pesos without risks or hidden fees.

Tips when buying USDT in El Dorado P2P:

• Choose a reliable merchant: Make sure to select an “Online” seller with a good reputation and a history of completed orders.
• Check before you pay: Take a good look at the seller's details and the amount to be sent to avoid errors.
• Be quick and respectful: Stay active during the transaction so as not to keep the merchant waiting.
• Use the El Dorado chat: Keep the entire conversation within the platform and attach a screenshot of the payment made.

What is the Tether dollar or USDT?

Stablecoins such as Tether are cryptocurrencies designed to maintain a stable value (1 USD). USDT was launched in 2014 with the objective of creating the first cryptocurrency whose value is pegged to the dollar. It is used as a substitute for the U.S. dollar for those who don't have a dollar bank account. In El Dorado P2P you can open a free USDT account and buy or sell digital dollars in Argentina, Bolivia, Brazil, Colombia, Panama, Paraguay and Peru.

Saving in dollars is an option to protect yourself against the devaluation and inflation of your local currency. Stablecoins like USDT are here to stay and are an essential mechanism in the daily lives of millions of Latin Americans. Buy dollars using your local currency and your preferred payment method.

What are the benefits of buying USDT dollars with Bancolombia or Nequi?

• As a cryptocurrency backed by dollar reserves, its value follows the dollar instead of fluctuating like other cryptocurrencies, such as Bitcoin.
• It's an alternative for exceeding buying limits or a shortage of dollars.
• Being a digital dollar, you can buy or sell fractions, something impossible with cash.
• It's easily transferable globally with a free USDT wallet in El Dorado.
• In P2P markets such as El Dorado, you can buy USDT dollars with transparency and security using Bancolombia or Nequi, or by bank transfer.