AUGUST 30, 2024

Who Needs Banks? How To Get USD From Your Home 

The current global financial landscape is quite interesting to see. Ever since inflation became an issue a few years ago, more and more people have been looking to get their hands on U.S Dollars. This is especially true in African countries, where inflation continues to be a major issue for citizens. 

But, as the demand for Dollars continues to grow, more people are finding it hard to meet their demand and access the currency they seek. 

In more ways than one, USDT solves this. And if you want to know how you can get your hands on this currency, this post is for you. 

Why Does Everyone Want To Hold Dollars? 

Over the past few years, there has been a huge move towards saving and earning in Dollars - especially in Nigeria and other African countries. Everyone’s looking for how to earn in Dollars from Africa, and most people even go to the extent of getting the currency and just using it to hold their money. 

The reason is simple - inflation is rising, and the Dollar is the best way to protect yourself. In a market where prices continue to rise and the value of local currencies keeps dropping, saving and earning in Dollars is the perfect way to protect yourself. And this way, the Dollar basically acts as a store of value. 

But, this isn’t the only reason:

• For some people, holding Dollars is the best way to send money abroad

• Holding Dollars also helps businesses and businesspeople conduct transactions with foreign partners

• And, for people looking to travel, holding Dollars prevents them from being estranged when they go abroad 

At the end of the day, the fact that the Dollar is the global reserve currency means that demand for it will always rise. 

Why Banks Can’t Help You 

Whenever you think about getting and holding a foreign currency, the first place you think about going to is the bank. But, in recent years, banks have been limited in their ability to cater to the needs of anyone looking to hold USD. 

For one, banks have limits on how much Dollars they can give to customers. If a bank says it can only give you $1,000 per quarter, this might not be enough if you need to conduct higher-value transactions. 

Also, the fact that there is so much demand for Dollars means that banks tend to delay when processing Dollar-based withdrawals. 

USDT: The Perfect Solution 

For anyone looking to work around the delay and limits imposed by banks, USDT is the perfect answer. 

USDT is a stablecoin - a type of cryptocurrency whose value is backed by the Dollar.  This means that at every point, 1 USDT is equal to $1. With this structure, USDT offers several benefits, including: 

• Speed: No need to wait for days or weeks to get your USDT. Instead, you can purchase it in mere minutes.  

• No Limits: There is no cap on how much USDT you can buy. As long as you have the money, you can get USDT from an exchange or broker. 

• Ease: You don’t need to go to a bank to get USDT. With an exchange like  Stock Hut, you can access the stablecoin from the comfort of your home.

Stock Hut: The Perfect Place To Get USDT

If you’re looking to get your hands on USDT - for whatever reason - then there’s no better place to go than Stock Hut. 

Stock Hut is an easy-to-use cryptocurrency and gift card trading service that makes it incredibly easy for anyone to purchase digital assets. We offer a convenient, quick, and secure way to get access to USDT, allowing you to bypass the hassle of going through banks. 

Anyone can use Stock Hut. All you have to do is download the app from the Google Play Store or Apple App Store, and you’ll be able to create an account. To purchase USDT, all you have to do is: 

• Download the Stock Hut app on your  device - it’s available on iOS and Android 

• Enter your details and confirm your account

• Log into your account, then create a Virtual Account by validating your Bank Verification Number (BVN)

• From there, fund your virtual account by following the simple steps outlined. 

• Once your account is funded, you can head to the “Assets” section and select USDT

• Tp “Buy USDT” and you’ll be able to enter how much you’d like to purchase

• Follow the steps to complete your purchase, and you’re good to go! 

Ready to get started? Download the Stock Hut app today and enjoy access to USDT whenever you want!