Blockchain technology has been instrumental in the growth of cryptocurrencies. Obviously, bitcoin was the first cryptocurrency to rely on blockchain technology. Many other digital coins have emerged, due to the growth of blockchain.
USDT is one of the newest cryptocurrencies that has arisen. Blockchain has not just made this new digital coin possible, but it has also become more easily integrated with other platforms. A number of regulators have raised concerns about this new digital coin, but it is becoming popular nonetheless.
USDT is available on multiple networks and is one of the biggest stablecoins by capitalization. It comes as no surprise that the best way to store it is in the best cryptocurrency wallets out there, which is able to connect to the blockchain. This is where MetaMask comes into play. Out of all wallets, it is by far the best decision to add USDT to MetaMask and it can connect easily with the blockchain, so let’s see how to do that.
Copy the USDT contract address
Before we start, we must mention that crypto terminology can be quite challenging for beginners. So let’s explain that MetaMask is a crypto wallet that you will need to store your crypto assets in, or in this case the stablecoin USDT. You can easily exchange the coins through the blockchain at your convenience.
In this article, we will be using crypto terms that you might not be familiar with. But don’t worry, it is easy to learn their meanings with a good crypto glossary, that will familiarize you with all the terms you need.
Before you can add USDT to MetaMask, you first need to purchase some of it. While you can do it through your bank account or third-party payment solutions, it’s easiest to buy it with a debit card. The actual procedure of buying this stablecoin is pretty simple, and for more info, you can check the TradeCrypto website that has a helpful guide on how to buy USDT with a debit card. Once you have it, in order to add USDT to MetaMask, you first need to copy its address. Thereason for this is simple, USDT is not automatically added to MetaMask, meaning that you will need to import it as a custom token. Here is how to do that:
- Go to CoinMarketCap.com;
- Look for “USDT”;
- Find the part that says “contracts”;
- And from there, you can copy your USDT address.
How to log in to your MetaMask wallet
If you are a new MetaMask user, you will need to sign up and make an account. In order to start, you will first need to download the MetaMask Chrome extension.
- Go to the wallet’s official website;
- Click the “Install MetaMask for Chrome” button;
- On the new page, click “Add to Chrome”;
- Now, pick “Add extension” and open it;
- All that’s left is to start the sign-up.
That is all that you need to do! You don’t need to connect directly to the blockchain, because the wallet can handle that process for you.
How to sign up on MetaMask
Start by opening the MetaMask extension or mobile app. When you do, the first thing you will need to do is agree to the user terms. Afterward, you need to select the “Wallet Creation Button” (you will need to agree with the disclaimer). As you do that on your screen, you will get a phrase. Make sure to copy it; the more copies, the better. This will be your recovery phase. In order to confirm the phrase, you will need to enter it. And that is how you create a MetaMask wallet!
How to login on MetaMask
On the other hand, if you already used MetaMask, then all you need to do is log in! In order to log in, you will need your MetaMask sign-in password. Although if by chance you forget the password, you can access your account by using the secret recovery phrase (the one you got when signing in for the first time). How to log in with the password:
- Open the MetaMask wallet software on your device;
- If you are using a phone open the MetaMask app you installed on the phone;
- When the main screen opens, you need to enter the MetaMask sign-in password;
- Next press “Sign In” and your wallet will be open for you to use.
Click on “import tokens”
So, after you buy USDT, copy its address and open the MetaMask wallet, there is still more to do. The next step is to import USDT. For starters, make sure that the “Ethereum Mainnet” network is selected. If by chance it isn’t, then you need to manually select it. In order to complete the process, you will need to scroll down and select “import tokens”. This will mark the beginning of importing USDT as a custom token.
Paste the USDT contact address
The last thing you did was “import tokens”. So now you should be on the “Search” tab. There you can search for “USDT” and add it as a custom token.
- Click on “Custom Token” and begin adding a custom token.
- Three fields will now appear: ”Token Contract Address”, “Token Symbol”, “Token Decimal”.
- Select the “Token Contract Address” field.
- Paste the USDT address there.
- Once you pass the address, the rest will be added manually.
- All that is left is for you to click on “Add Custom Token”.
Send or receive USDT
Now that you clicked on “Add Custom Token”, your USDT was added to the Wallet. If you want to make sure it was added you can always check in the tab labeled “Assets”. Having your USDT there means that you are now eligible to send or receive USDT. To send, you just need to click on “Send” and enter the address. And to receive you need to share your address.
How to deposit with MetaMask?
So, what do you need to do in order to deposit with MetaMask? First, you need to go to the BTSE Wallet Page and select the currency.
Then click on “Deposit” followed by selecting the MetaMask icon. After choosing MetaMask, the extension window will pop up. There you will need to press “Next” and “Connect”.
After everything is connected, you will finally be able to use the MetaMask deposit option.
- Enter the amount;
- Click “Deposit”;
- MetaMask will inform you when the trade is confirmed.
After getting the confirmation, the trade deposit will be finished. It is not hard to do if you follow the steps closely.
Blockchain Makes USDT Wallets Possible
Blockchain is vital to the rise of cryptocurrencies like Tether and USDT. A growing number of cryptocurrency investors are investing in USDT. This digital coin has become highly popular in recent years due to the growth of blockchain technology. As a result, a growing number of investors are using USDT wallets. Investors should invest in one if they want to purchase this cryptocurrency.