What is USDT pair Market?

Before knowing the market USDT pair, here is brief information about what USDT is. USD Tether or USDT is included in the Stablecoin crypto asset type, which maintains the stability of crypto asset valuations, and has a value equal to 1 US Dollar per token. Each USDT token, held in the reserve balance of Tether Limited, can be obtained through the Tether platform, or through an exchange such as INDODAX. USDT is useful for “maintaining the value of funds” for users, including facilitating overseas fund transfers, with lower shipping costs than bank services or remittance companies.

First, USDT is created on the Bitcoin blockchain network, via the Omni Layer Protocol to ensure the tokens issued are secure. Currently, besides using the Bitcoin blockchain, USDT also uses the EOS, TRON, and Ethereum blockchains.
The USDT market pair is a market that uses USDT asset digital options as a medium of exchange for buying or selling. INDODAX currently supports several digital asset markets using USDT pairs, including BTC, ARV, BEAR, BULL, ETH, GARD, and many more. To view the digital assets supported on the USDT market pair, please go to the “Market” menu on the INDODAX website.
As a reminder, digital assets traded on the USDT market pair could change as the update on the official INDODAX blog.

What is the Difference between USDT and IDR Market Pair?

Currently, INDODAX has two market pairs, these are USDT and IDR market pairs. The biggest difference between these markets is the medium of exchange used, USDT and IDR. In the IDR market, Rupiah is used as a medium of exchange with digital assets paired on the IDR Market, while in the USDT Market pair, the exchange is using the USDT digital assets. However, the way of transacting in the USDT market pair is not much different from the IDR market pair.

How to Make a Transaction on USDT Market Pair?

How to Buy Digital Asset on USDT Market Pair : 

1. Log in to your INDODAX account. 
2. Select the “Marketplace” menu (or “Market” on the INDODAX app), then select the USDT pair market. 
3. Please ensure you already have USDT on your INDODAX balance.
4. Input the digital asset amount you want to buy in the provided column.
5. Input the buy price of the digital asset you want in USDT.
6. On the USDT market pair, you can make an instant/taker buy transaction by inputting the buy price in USDT according to the top price on the sell order book or the price above the highest buy price. Meanwhile, for the limit/maker buy transaction, you can input the price below the selling order book price.
7. Your digital assets balance from the buy transaction will be automatically credited to your INDODAX account balance after the transaction has been completed.

How to Sell Digital Assets on USDT Market Pair : 

1. Log in to your INDODAX account. 
2. Select the “Marketplace” menu (or “Market” on the INDODAX app), then select the USDT pair market. 
3. Input the digital asset amount you want to sell in the provided column.
4. Input the selling price of the digital asset you want to sell in USDT.
5. On the USDT market pair, you can make an instant/taker sell transaction by inputting the selling price in USDT according to the top price on the buy order book or the price below the highest selling price. Meanwhile, for the limit/maker sell transaction, you can input the price below the buy order book price.
6. Your USDT balance from the sell transaction will be automatically credited to your INDODAX account balance after the transaction has been completed.