5 Ways You Can Buy and Sell USDT in Iraq
1. Buy and Sell USDT With Kurdcoin
If you want to buy crypto in Erbil, Baghdad, Duhok or any other city in Iraq, you can use Kurdcoin’s crypto brokerage service, Iraq’s first and most reliable crypto asset exchange since 2017. Through Kurdcoin you can buy and sell any amount of USDT and bitcoin via cash-in-hand payments as well as other digital and online payment methods like FIB, Fastlink or Zaincash, among others. Kurdcoin is a registered company in the Kurdistan Region and provides the easy, secure and most competitive rates compared to any other exchange method in Iraq.
The exchange has been in business for over 6 years and has more than 5,000 large-volume customers. Kurdcoin has the most extensive network of cash in and cash out locations distributed all across Iraq. The company differs from other crypto exchange services in that it has physical locations that crypto users can visit in person to buy or sell USDT in safe and secure venues. Kurdcoin also boasts the highest level of compliance with the KYC requirements and regulations, requiring users to provide government ID and KYC details ensuring customers of the legality and safety of their trading experience.
A Simple USDT Buying Process
2. Provide your name, city and a valid government-issued photo identification such as a passport or residence permit and your crypto wallet address. The team will then guide you step-by-step through the process.
3. You will be directed to the nearest Kurdcoin cash-in location to deposit your cash. As soon as funds are deposited, our team will send transfer the crypto to the wallet address you provided.
4. If you are selling USDT, the team will provide you with a crypto wallet address to send the USDT to and you choose nearest cash-out location to collect your cash.
5. Congratulations you have successfully exchanged USDT
For clients who prefer online transactions, the Kurdcoin team provides a number for mobile payment solutions like FIB, Zaincash or FastPay. Get in touch to learn about all the supported payment methods at Kurdcoin.
Ultimately Kurdcoin’s commitment to ensure a safe, secure and reliable experience for every purchase or sale transaction is making it easier for anyone in Iraq, Kurdistan, Erbil, Baghdad to Buy and Sell USDT in a compliant and secure way.
2. Use Peer-To-Peer Platforms
Peer-to-peer (P2P) platforms, such as OKX and Binance P2P, are another popular option for buying or selling cryptocurrencies. However, it is important to note that the use of these services comes with downsides and they may not always be a convenient to exchange USDT.
Before engaging in any cryptocurrency transactions through a P2P platform, users should familiarize themselves with the associated risks and take appropriate safety measures. It is important to exercise caution when making purchases or sales on P2P platforms, as there may be potential scams that could lead to financial losses and you may not be able to retrieve your money once scammed.
How To Buy USDT With OKX
To acquire USDT with your credit card, navigate to the “Buy Crypto” section after you have registered and verified your identity. Input the desired amount of fiat currency you intend to spend, and finalize the transaction by utilizing your preferred credit card for payment.
How To Buy USDT With Binance P2P
Scroll through the various offers on Binance P2P until you find one from a seller whose terms and conditions are suitable for your needs. When you initiate a P2P order, Binance P2P will securely hold the crypto asset in escrow. To pay the seller, use the suggested payment method that will appear on the order page. Once you have completed the payment, by clicking “Transferred, notify seller”, the seller will confirm the payment and the exchanged USDT will be released to you.
3. Telegram and Facebook Groups
Local Telegram and Facebook groups offer another way to buy and sell cryptocurrency without the need for an intermediary. These groups allows users to find their own counterparties and set up trades with them directly, allowing them to set up trades with someone in these groups. You could often get good deals as you find people who needs to buy or sell USDT quickly, say in Erbil or Baghdad.
However, what makes these platforms so convenient also makes them risky. As these groups are often not moderated, there is no way of verifying who you are dealing with, and there is a high risk of being scammed. Most of these dealings are done face-to-face, and this puts the user in danger of fraudsters especially since they are not registered companies or entities and can easily disappear.
4. Individual Brokers
Individual brokers are often local people who provide their own services to buy and sell cryptocurrency, such as USDT. These services usually may offer good deals but they also have risks associated with them.
They are similar to telegram groups in that they are not bound by regulations or have the necessary security measures in place, so they may not offer good rates and they are not always available.
5. Using Mastercard and Online Payment Methods
This method requires the user to have a valid Visa or Mastercard to pay for USDT. Many exchanges and websites offer this service, but the most famous is Moonpay, which is also used by many exchanges like OKX, Binance and many others.
The upside of this method is that it’s very easy to use and only requires the user to put in their card details to receive their USDT.
Some international exchanges do not accept Iraqi cards due to the financial blacklisting of banks and recent restrictions from the Central Bank of Iraq and the US treasury blocking Iraqi banks institutions. As a result, using credit cards or other online payment methods may not be the most convenient option for those looking to buy USDT in Iraq.
Furthermore, higher fees may be charged to cover the risk associated with processing payments in Iraq. Ultimately, these payment methods may not be the optimal choice for those seeking to purchase digital assets in Iraq.