In Venezuela, the stablecoins such as USDT (Tether) have become, with the passing of the years, in popular tools to protect the value of money against the devaluation of the Bolívar, the national currency.
In this article, we explain what are the methods to obtain, save and use USDT, highlighting the best practices and some available and legal options.
How to get USDT in Venezuela
To use USDT you first need to acquire it. The following options are presented in order of convenience, considering costs and accessibility:
Receive income directly at USDT or Bitcoin
The most efficient way to obtain USDT is to receive payments for your work directly in this stablecoin or in Bitcoin. This avoids the conversion of bolivars to USDT, which implies unfavorable change rates.
In any case, if you receive your income in a purse (custodial or hardware), you just have to save your private keys safely To guarantee the exclusive control of your funds. If you want to know a list of physical or hardware purses, in cryptootics we have prepared a review with the best wallets of this category for 2025.
If you wanted to buy USDT in Venezuela with bolivars (either through exchanges or P2P trade) the purchase rate of each USDT is linked to the unofficial exchange rate of the dollar. The entity that officially governs the exchange rate in the country is the Central Bank of Venezuela (BCV).
Receive payments in USDT for goods or services
If you are freelancer or merchant, educate your customers about the use of cryptocurrencies to receive payments directly in USDT. This eliminates the need to convert bolivars and reduces costs. If you need to spend on bolivars, it converts only the necessary amount, since the USDT is more valuable as a short -term savings tool.
Receiving payments in Bitcoin can be even more advantageous, although it implies managing the volatility of its price.
Options to receive payments in USDT:
- Binance Pay: Centralized platform to receive payments in USDT quickly and with low commissions.
- BTCPay Server: Decentralized solution that allows you to receive cryptocurrencies directly in your purse, offering greater privacy.
- Personal purse: Receiving USDT directly in a purse like Metamk or Phantom reduces traceability, but requires managing private keys carefully.
Cryptocurrency P2P trade
Peer-to-Peer trade (P2P) can be profitable if you are constant. It is more lucrative if you have access to USDT without going through bolivars. Otherwise, you can buy USDT at a rate and sell it at a slightly higher rate. Although this practice is seen by some as financial speculation; It provides liquidity to those who need cryptocurrencies.
Popular platforms in Venezuela:
- P2P Binance: The most used platform in Venezuela due to its ease of use and large user base.
- Crixto: Unlike P2P, Crixto acts as a direct counterpart, allowing to send cryptocurrencies and receive bolivars in your bank account.
Crixto It is a Venezuelan platform that facilitates the exchange of cryptocurrencies to bolivars. Unlike the P2P Exchange, Crixto acts as a counterpart in the transactions, sending bolivars directly to your bank account after receiving your cryptocurrencies. It also offers Crixto Pay, a system that allows you to pay in shops with USDT through an integration with physical points of sale (POS) of the Digiglobal brand.
For its part, Binance Pay is a binance payment service that allows you to send and receive cryptocurrencies, including USDT, instantaneously and with low commissions. It is a centralized solution, ideal for businesses and users seeking simplicity and speed in cryptocurrency transactions.
Other exchanges are also useful for Venezuela’s users. From centralized, such as Bybit and OKX, to alternatives with a greater degree of decentralization, such as LNP2Pbot or Bisq.
How to save on USDT
Once you have USDT, you can choose to save it to protect your capital. Storage options include:
- Hardware Wallets (Trezor, Ledger): They are the safest options, since they maintain your offline funds, minimizing hacking risks. Although they represent an initial investment, they are ideal for long -term savings.
- Hot Wallets (Metamk, Phantom): These purses are connected to the Internet, which makes them more accessible, but less safe. They are suitable for small amounts or frequent use.
If you use an exchange as a binance to receive payments, transfer your USDT to a personal purse for greater security, especially if you do not plan to spend them immediately. Maintaining large amounts in an exchange carries risks. Exchange also usually have partial or complete self -ocustody purses. Check the following list to meet them.
How to use USDT for purchases
USDT can be used directly to acquire goods and services in Venezuela, or you can use the indirect option to turn bolivars for traditional payments. Direct options include:
Direct payments with USDT
- CRIXTO PAY: It allows to pay in physical stores using USDT through an integration with Binance Pay. Crixto converts the USDT to Bolivars at the time of the transaction, using Digiglobal points of sale.
- Binance Pay: Some shops accept direct payments in USDT, although their adoption is limited.
Remember that USDT purchases in Venezuela are not new. As Cryptonotics reported in 2021, they have come to buy even homes with the most popular stablecoin on the market. In fact, a young Venezuelan bought that year an apartment for $ 12,000 with USDT. This is just an example of the utility that cryptocurrencies have, particularly the stablecoins, in the Venezuelan economy.
Conversion to Bolívares via P2P
Selling USDT on P2P platforms as Binance is one of the most popular alternatives. However, this method requires more steps. If you are looking for immediacy, pay with Crixto through Binance Pay It is a practical alternative.
Final recommendations
- Prioritize security: use wallet hardware for significant savings and hot wallets only for small amounts or frequent transactions.
- Minimize conversions: Receive payments in USDT whenever possible to avoid losses due to change rates.
- Evaluate your needs: If you are looking for immediacy, Crixto Pay or Binance Pay are ideal. If you prefer to maximize value, P2P trade is more profitable.