To begin trading with leverage at Monfex, you first need to deposit some cash into your account. You are allowed to deposit any amount of cash that you wish. The more you deposit, the higher will be the size your trades, and the higher profits you will be able to achieve.
Monfex provides its traders with a multi-account feature. This means that you have a choice over which cryptocurrency to use as an account currency. You can deposit in either BTC (Bitcoin), or ETH (Ethereum), or USDT (Tether), whichever you prefer.
To make the process of buying and depositing Tether (USDT) quick and easy for you, here we provide you with step-by-step guidance.
How to buy Tether: Step-by-step guide
To buy Tether, we recommend using coinswitch.co. Here you can easily buy Tether with a credit card anywhere in the world at the best available rates. The process is anonymous and you do not need to create an account. Both Visa and MasterCard are accepted.
Read below the simple instructions to buy Tether anonymously from all the major fiat currencies, such as USD (US Dollar), Euro (Euro), JPY (Japanese Yen), RUB (Russian Ruble), AUD (Australian Dollar).
Here is the step-by-step guide to purchase Tether (USDT) with credit card:
Step 1: Enter the USD amount and select the exchange with the best price:
Step 2: Enter your Tether (USDT) address:
Step 3: Make the payment with your Credit Card:
Congratulations! Once your payment is received, the USDT will be sent to your address.
How to deposit Tether: Step-by-step guide
As a final action, please log in into the Monfex trading platform and press the ‘Deposit’ button in the top right-hand corner, as shown on the screen below.
There you will find your unique deposit address denominated in Tether. To fund your account, you need to:
Copy that address (your unique deposit address),
Paste it into your own Ethereum wallet, and
Send to it the amount of Ethereum that you want to receive on your trading account.
Congratulations! Now you’re ready to trade!