With the recent boom in cryptocurrency prices, there are certainly a lot more people talking about Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and a host of other cryptocurrencies. We appreciate that if this is your first foray into the crypto universe, you may be tentative about making the leap. This article explores how you can easily make the transition.
To begin with, you may consider buying USDT – a token that is pegged to the US dollar – and so is closer to what you’re familiar with, i.e., using a “normal” fiat currency.
Because USDT – which is also referred to as “Tether” – is linked (or “tethered”) to USD, it does not experience the wild swings in volatility that you see in other cryptocurrencies like Bitcoin (BTC). In fact, it’s one of a subset of coins commonly referred to as “stablecoins”.
You’ll essentially spend $1 to buy 1 USDT and whenever you cash out, that trade should happen at the same level (or very close) at which you bought. You might think of it a bit like exchanging back your foreign currency after returning home from a holiday abroad.
You can read a more in-depth article on USDT Tether. And while USDT was the first stablecoin that Cloudbet offered to its customers, we have since added others, including USD Coin (USDC), the Paxos Standard (PAX), Paxos Gold (PAXG) and DAI.
You can purchase USDT or any of the other coins on our site using your credit card, debit card, or a wide range of local payment methods, through Cloudbet’s partnership with Swapped — a fast, regulated fiat-to-crypto onramp available in 150+ countries.
How to deposit with Swapped
- Log into your Cloudbet account and go to your Wallet.
- Select Buy crypto and choose your preferred cryptocurrency (e.g. USDT, BTC, ETH).
- Select Swapped.com as your deposit method. It’ll show you a preview of local payment methods available through the system.
- Enter the amount you’d like to deposit and select your payment method.
- You’ll see a full quote for the transaction before you confirm.
- Complete the payment and your crypto will arrive in your Cloudbet wallet instantly.
Note: You may be prompted to sign up for an account with Swapped.com to continue your transaction.
Our Help Center provides more details on how to buy crypto with Swapped.
FAQs about buying crypto with Swapped
Buying crypto with Swapped is quick and simple, but in case you have some questions about the process we’ve pulled together these FAQs:
You can purchase using a credit or debit card (Visa or Mastercard), as well as a wide range of local and global payment methods including AstroPay, Skrill, Neteller, Apple Pay, PIX, UPI, PromptPay, GCash, Paysafecard, and bank transfers, among others.
Swapped displays a full quote before you confirm your purchase, so you’ll always know exactly what you’re paying before you commit.
If you experience any problems with your purchase you can contact Swapped’s support team directly or reach out to Cloudbet’s customer service team for assistance.
You will receive an email confirmation after your purchase which acts as a record. You can also view the transaction in your Cloudbet account history.
No. This is automatically pulled from your Cloudbet player account.
Swapped supports a wide range of local currencies. The currencies available to you will depend on your region and chosen payment method.
Swapped is available in 150+ countries. See the full list of supported countries, and remember that Cloudbet’s own country restrictions also apply. See our terms and conditions for further information.
