Frequently asked
questions.

Digital money that lives on the internet and that you own directly, without a bank in the middle. You keep it in a wallet and can send it to anyone, usually within minutes. Our beginner guide explains it step by step.

A stablecoin designed to stay worth about one US dollar. Because its value barely changes, it’s the most widely used coin for online payments in Latin America.

No. You can buy small fractions of a coin, often starting from the equivalent of a few dollars.

Buying and holding crypto is generally allowed across Latin America, but rules differ and change over time, especially for payments and gambling. Check the rules where you live before you start.

On a crypto exchange or app that operates in your country, or on a P2P marketplace inside an exchange. Each country guide lists local providers and the payment methods they accept.

Yes. Depending on your country you can use bank transfers, PIX, SPEI, Mercado Pago, Nequi, Yape and other local methods. In Ecuador you pay in US dollars.

P2P means you buy directly from another user, while the platform holds the crypto in escrow until the seller confirms your payment. It’s safe when you stay inside the platform, choose sellers with a good track record and pay only with the method shown in the order.

Regulated platforms are required to know their customers (KYC). You’ll usually need an ID document and a selfie. It protects you and the platform against fraud.

Exchanges charge a trading fee, often around 0.1% on global exchanges and more on some local apps, and P2P prices include a spread. Compare how much USDT you actually receive, not only the advertised fee.

Not necessarily. You can keep USDT in your exchange account. A personal wallet gives you full control, but then you alone are responsible for the recovery phrase.

Usually 12 or 24 words that give full access to a personal wallet. Anyone who has them controls your money, so never share them, never type them into a website and keep them offline.

The blockchain road your crypto travels on. USDT exists on several networks. The sender and receiver must use the same one.

The funds can be lost or take a long, uncertain recovery process. Always match the network shown by the receiver and send a small test amount first.

In the cashier choose USDT and a network, copy the deposit address, then send USDT from your exchange or wallet on exactly the same network. Our deposit and withdrawal guide walks you through each step.

Usually a few minutes, once the transfer has enough blockchain confirmations.

It depends on the operator: processing can take from minutes to a few business days. After that, the blockchain transfer itself is quick.

Yes. Send the USDT to your exchange, sell it for local currency and withdraw to your bank or wallet, or sell it on a P2P marketplace.

Find the transaction ID (TXID) in your exchange history, check it on a blockchain explorer and contact the casino’s support with the TXID, amount and network.

Generally no. Once confirmed on the blockchain, a transfer is final. Double-check the address and network before sending.

Be wary of anyone asking for your recovery phrase, remote access to your phone, payment outside a P2P platform or promising guaranteed profits. Contact providers only through their official app or website.

Use a strong unique password, turn on two-factor authentication and only download apps from official stores.

No. We are an independent guide. We don’t sell crypto or hold your funds; we explain how it works and link to providers’ official websites.

Some links are affiliate links, which means we may earn a commission at no extra cost to you. It doesn’t change which providers we list. See our affiliate disclosure for details.