How To Buy USDT With Momo In Cameroon

Some ten years back, cryptocurrencies were not as popular as they are today in Africa, in general, and in Cameroon, in specific. Even though Bitcoin remains the most popular cryptocurrency, new crypto assets with numerous use cases and little or no volatility have emerged. 

Amongst these crypto assets, USDT stands out. USDT is a crypto asset within the category of stablecoins pegged on the US dollar with a 1:1 ratio. This means that USDT is as valuable as the US Dollar.

This article will discuss 3 major advantages of using USDT and how you can purchase USDT in Cameroon.

 Three  Advantages Of Using USDT In Cameroon

Cameroon is among the Central African countries that are most receptive to financial technologies. As such, the gap existing between unbanked and banked citizens in Cameroon is gradually being reduced.

Using USDT in Cameroon has a number of advantages. However, we will consider the most important below:

1. Hedge against inflation
   Using USDT protects you from inflation. With the increased prices of basic necessities, fuel and other commodities, USDT is the safest way to maintain your purchasing power. In other words, a decrease in the value of the XAF does not have any negative impact on USDT users because their funds are pegged to the USD. As such, it is high time you saved your XAF in USDT or began trading USDT.
2. Financial Inclusion
   The adoption and rising popularity of USDT are paving the way for more financial inclusion in Cameroon.
   Traditional banks do not ease money circulation due to their constraining procedures. Conversely, using USDT makes access to money easier, faster and seamless. You know what they say “Time is Money”. 
   Access to money propels economic activities, thereby increasing economic growth. The gateway to accessing your money at whatever time in Cameroon with no inconvenience is by using USDT.
3. Secure and Unlimited Cross-border Transactions 
   Cameroonian businesses involved in cross-border transactions consider USDT a safe haven for their transactions. As an economic partner of  Nigeria and other African countries, Cameroonians certainly do a lot of business on a daily basis with their neighbours.
   In the absence of a unique African currency to facilitate trade within the continent, USDT is the currency that unites African states and makes trade across Africa fluid.

Where To Buy USDT In Cameroon

There are many trading platforms and individuals that facilitate trading USDT in Cameroon. 

To buy or sell USDT, it is essential to Do Your Own Research (DYOR) on the platforms or individuals that offer the service. It is, however, recommendable to trade with legitimate traders or secure and legit Cryptocurrency exchange platforms.

Yellow Card is among the crypto exchanges offering seamless and reliable service. Being on the lead in over 16 other African countries, be sure to buy and sell from this platform at the best rates and have your wallet credited instantly. 

That’s not all; you can start trading with as low as 600 XAF through your Mobile Money Account and store your USDT in your wallet for future use.

How to Buy USDT In Cameroon

To start buying USDT in Cameroon on Yellow Card, access the Yellow Card web app or download the Yellow Card app from play store or app store. Then, follow these simple steps below

1. Sign in for a Yellow Card account
2. Fund your account;
   Fund your account with XAF through MoMo;

From your dashboard, click on Deposit and select Mobile Money. Follow the procedure and instantly deposit the amount you want in XAF. 

1. Buy USDT with Mobile Money
   After making your deposit, go back to your dashboard, click on Crypto and select USDT;
2. Click Buy; 
3. Enter the amount you want to buy in XAF;
4. Confirm the transaction, and your USDT is instantly sent to your wallet.

How To Withdraw USDT through your Mobile Money. 

When you receive USDT in your Yellow Card account, you can withdraw following the steps below:

1. Sign in to your Yellow Card account
2. On your dashboard, click on USDT;
3. Click Sell;
4. Enter the amount you want to sell in XAF;
5. Confirm the transaction and Sell;
6. The equivalence in XAF will be sent to your MoMo Account.
   Once you have received your XAF, you can withdraw at the time of your choice.

Conclusion

The impact of USDT on Cameroonians and their financial transactions cannot be ignored. Hence, if you have not begun your journey to financial  freedom, start today by purchasing USDT. 

Start buying USDT Today