USDT, or Tether, is a type of cryptocurrency known as a stablecoin. Stablecoins are designed to maintain a stable value, often pegged to a stable asset such as the US dollar.USDT is to provide a stable and secure way to transfer value on the blockchain. It can be used for trading on cryptocurrency exchanges, as a store of value, or for making transactions.
What does the completion rate for OKX P2P ads mean?
Completion rate, in the dynamic landscape of Peer-to-Peer (P2P) trading, transcends mere numerical representation. It embodies the bedrock of trust and dependability essential for flourishing within this bustling marketplace. Your completion rate communicates credibility to prospective trading counterparts, serving as a beacon of your sincerity, dedication, and integrity. It signifies your unwavering commitment to fulfilling transactions promptly and efficiently, instilling confidence in your reliability as a trading partner. A high completion rate not only underscores your professionalism but also fosters a positive reputation, paving the way for seamless interactions and mutually beneficial exchanges. Therefore, nurturing and maintaining a stellar completion rate is paramount for thriving in the competitive realm of P2P trading, where trust is the currency that drives success.
How does the completion rates work?
A completion rate refers to the quantity of successfully completed transactions or processes when compared to the total number of transactions or processes attempted. In P2P trading, understanding and leveraging the completion rate can be a valuable contributor to your success. An 80% or higher completion rate turns heads, and here's how you can achieve it:
Set specific counterparty conditions: tailoring your conditions allows you to connect with experienced traders without casting too wide or too narrow a net. Find the balance that brings in the right crowd.
Embrace the standard of quality merchants: order cancellation rate = 0? Good feedback rating = 99%? Average release crypto time ＜120s? These factors define a high-quality merchant.
Craft ads with higher rank: your ad is more than a promotion; it's a signal. Set attractive prices, maintain good P2P behavior, and watch your ad climb to prominence.
We're always here for you: questions? Uncertainties? Contact the OKX P2P team, or our customer support team. You're never alone on this journey.
Some key characteristics of USDT include:
Stability: USDT is pegged to the US dollar at a 1:1 ratio, meaning that one USDT is always equal to one USD.
Transparency: Tether Limited, the company behind USDT, regularly publishes audits to ensure that USDT is fully backed by reserves.
Security: USDT transactions are secure and can be easily tracked on the blockchain.
Some highlights of using USDT include:
Lower volatility: Because USDT is pegged to a stable asset, it is less prone to the price fluctuations that can affect other cryptocurrencies.
Liquidity: USDT is widely accepted on most major exchanges, making it easy to buy, sell, and trade.
Accessibility: USDT can be used by anyone with an internet connection and a cryptocurrency wallet, making it a convenient option for transferring value globally.
USDT is its ability to provide a stable and reliable alternative to traditional fiat currencies. It can be especially useful for traders who want to hedge against market volatility or for people in countries with unstable currencies looking for a stable store of value.
