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  1. Home
  2. FAQ
  3. How do I deposit fiat on vTrader?

How do I deposit fiat on vTrader?

VTrader platform only operates with cryptocurrency. It doesn't offer the possibility to deposit fiat currency. Instead, vTrader operates USDT which has the sole purpose to offer stability and behave as a traditional fiat currency with all the crypto/blockchain advantages. USDT Add Funds Orders can be executed in the "Add Funds" section of our platform. Users buy USDT through us by issuing a simple bank transfer, specifying their customer reference on the transfer details. USDT will be credited to the customer's account when the deposit is processed by our staff. The received funds(EUR) will be converted to USDT at the exchange rate displayed on our website.

VTrader operates exclusively with cryptocurrency and does not support direct fiat currency deposits. Instead, the platform uses USDT, a stablecoin designed to provide stability while retaining all the benefits of crypto and blockchain technology. USDT serves as a bridge between traditional fiat currency and digital assets, allowing users to trade with minimal volatility while ensuring fast and secure transactions.

To add funds, users can execute USDT Add Funds Orders in the "Add Funds" section of the platform. This process involves purchasing USDT by making a simple bank transfer and specifying their customer reference in the transfer details. Once the transfer is received, VTrader’s staff will process the deposit and convert the funds from EUR to USDT at the exchange rate displayed on the website.

Once the conversion is completed, the USDT will be credited to the user’s account, allowing them to start trading seamlessly. By using USDT instead of direct fiat deposits, VTrader ensures a more efficient and blockchain-native experience while maintaining the stability typically associated with traditional currencies.