How to buy USDT dollars with Pix on El Dorado P2P?
In Brazil, many people have chosen to save and make payments with USDT, a stable digital dollar linked to the price of the US dollar. It's a practical alternative to cash and makes it easy to dollarize your finances.
In this guide, you will learn in just one minute how to buy USDT in El Dorado P2P using Pix.
- Download the app or visit our website to create your account at El Dorado.
- Complete the KYC verification (this will only take 5 minutes).
- Access our P2P marketplace in the” tabChange” and select one of the available ads to buy USDT with Pix.
- Enter the amount of BRL you want to exchange and select Exchange BRL to USDT.
- Copy the seller's Pix key details, log in to your bank app and make the Pix payment
- Return to El Dorado and mark the payment as made
- I wait a few seconds for the merchant to verify the payment and that's it.
How to sell USDT dollars for Pix on El Dorado P2P?
- Access our P2P marketplace in the tab “Change” and select one of the available ads to sell USDT for Pix.
- Enter the amount of USDT you want to sell and select Exchange USDT to BRL.
- Wait for the buyer to make the payment to your Pix key.
- When you receive the payment in your bank account, confirm the receipt in El Dorado.
- The system will release the USDT to the buyer and you will have completed your sale.
What is Pix?
Instant Payment System or better known as Pix, was presented to the public in Brazil in November 2020. Pix was born as a solution to the complicated payment system in Brazil, Boleto.
Boleto was the most used payment method in Brazil since its introduction to the market in 1993. Over the years, the Boleto system fell short for the massive Brazilian market and transactions with this method were quite complicated.
Since the Central Bank of Brazil introduced Pix and all banks in the country added the service to their systems, Pix has become the most used payment method in the country, processing +30,000 million transactions in its first 2 years, with a total of 141 million users.
PIiXle took just over a year to become the most common payment method in the country, now far surpassing payments by transfer, debit or credit card.
What is Tether (USDT)?
USD Tether or USDT is a stable cryptocurrency anchored 1:1 to the price of the US dollar, which means that like other cryptocurrencies, its value does not change and maintains its parity with respect to the dollar.
USDT is the perfect option if you are looking to preserve the value of your money in a strong and secure currency, as it is the third most used cryptocurrency in the world, second only to Ethereum and Bitcoin, with a market capitalization of approximately 112.730 million dollars (June - 2024).
How to use a Pix account?
One of the added values of Pix was the simplicity of making a payment, normally with other payment methods you had to enter a lot of data and you were at great risk of making a mistake.
At PIX, users have 3 options for making payments:
- Enter the other user's Pix key.
- Scan the QR code.
- Use your phone's proximity sensor or NFC
It's that easy, the counterparty will receive the money in their bank account instantly.
What commission does Pix charge for making transfers?
The fees for making payments on Pix are currently as follows:
- Transfers between users are free.
- User/Business and Inter-Merchant transfers charge a fee established by the bank that issued the payment.
How do I open a Pix?
The only requirements for having a Pix account are:
- Have a country identification number
- An active phone number.
- Have a bank account in the country.
Pix users can make payments from anywhere in the world and can even make instant transfers to international banks.
As we can see, for now the service is only available to Brazilian citizens, but the Central Bank of Brazil confirmed that they are working together with national banks that have headquarters in different countries in the region to bring PIX to other people in Latin America.
¡Create your account in El Dorado right now! It won't take you +5 minutes to do it and start saving in dollars safely and easily
