How to trade shares for USDT on the UTEX exchange

Registration

To get started, you need to create an account. You can register in a browser or through the mobile application. The instructions are as follows:

1. Open the site and click on the “Register” button.
2. Enter your e-mail address and think of a password (there are no requirements for complexity).

The procedure is maximally simplified. If the user has entered a correct e-mail, a message about creating a profile will appear. Account activation is not required. To start trading, you need to click on the “Go to the exchange” button, select stocks or cryptocurrency.

Identity confirmation is an optional procedure on UTEX. Anonymous clients can make deposits up to $1 thousand and withdraw up to $50 thousand per month. After verification of documents, all restrictions will be lifted.

Deposit

UTEX offers its clients several deposit methods. You can deposit in national money – in rubles via Tinkoff, Sberbank, SBP or in USD from any card (minimum 25 USDT). They also accept transfers in Tether (in TRX, Ethereum networks). The general instructions are as follows:

1. Log in to your profile, open the “Balance” section.
2. Click on the “Deposit” button.
3. Choose a method – through an exchanger from a Russian card, direct crypto transfer, from an international account or internal transaction.
4. Enter the name and surname of the recipient as in the passport.
5. Specify the verification code from e-mail.
6. Complete the transaction – you need to enter the card details, go to the exchange website or send the cryptocurrency to the specified wallet.

Regardless of the chosen national currency, USDT will be credited to the balance. Crypto transfer can be sent for any amount. When depositing in rubles, the minimum amount is 10 USDT, in other currencies – 25 USDT. UTEX does not charge a commission for making a deposit. Users will pay only network fee and intermediary services (-5%).

Stock trading tools

Users have access to several thousand tickers on the stock market and more than 60 cryptocurrencies. It is possible to trade in a single interface. To do this, it is necessary to switch the Stock/Crypto checkbox.

Users trade CFDs – contracts on stocks and cryptocurrencies. Therefore, dividends are not paid.

Profit on transactions is calculated in USDT or USD. To enter, you need to send the asset to the spot terminal and convert it to a convenient currency.

Margin

In the section you can trade more than 10 thousand U.S. stocks ETF, cryptocurrency. The developers plan to add other instruments. Long and short trades are available. Traders can use their own funds or leverage up to 30x.

If a client uses margin (a loan from the stock exchange), he exposes his deposit to the risk of liquidation. The position will close automatically if the balance is less than 20% of the margin amount on stocks and 30% on cryptocurrencies. The tool is recommended for experienced traders to increase profits. For beginners, it is better not to use it.

It should be clarified that Utex has restrictions on trading time – in the morning (pre-market) and night (post-market). At night, liquidity on the markets decreases and the spread increases. This creates a risk of manipulation. For the safety of client accounts, the maximum leverage for transferring positions through the night is reduced to 2x.

To switch to the trading terminal you need to select the Margin section in the top menu. You can work in the terminal through the web version or through the professional client Aurora for Windows. The following blocks are available on the page for trading:

• List of instruments. You can choose stocks or cryptocurrency.
• Balance. The data is displayed in USD.
• Historical chart. You can change the scale and timeframe. In 2023 only candlesticks are available, other display options will be added later.
• Order window. You can trade market, limit and stop orders. To create an order, you need to select the type and volume. To avoid large slippage, you can check the checkbox to warn you when executing at an unfair price.
• Exchange stack and deals ribbon. Analyzing the indicators will help to evaluate the balance of supply and demand.

Spot

In October 2023, 16 popular cryptocurrencies are available to traders – Bitcoin, Ethereum, Tron, EOS, Stellar, Dash, Ripple, Flow and others. Coins are traded in pairs with USDT and USD. Margin lending and shorting trades are not available in the Spot section. Assets can be entered to an external wallet or held on the balance.

To go to the trading terminal, you need to select a market (Spot) from the menu at the top left. The page for trading includes several blocks:

• “My Wallets”. The field displays the current balance in USD.
• “Asset List”. You can see all available coins or find the desired one through the search.
• Graph of the selected cryptocurrency. The histogram is displayed in the center of the screen. Users can choose to view to USD or USDT, change the scale and timeframe. In 2023, quotes are displayed as an area, later candlesticks and bars will be added.
• Order Window. Only market orders are available. To create an order, you need to specify the volume and click on the “Buy” button.

Commissions on UTEX

The exchange does not charge for deposits and withdrawals. The commission will be taken by intermediaries when depositing from a card – 2-5%. At UTEX, you need to pay fees for carrying a position overnight even without using margin – from 0.028% on stocks, 0.03% on cryptocurrency. The rate differs for each ticker, the actual value is published in the terminal when selecting an instrument.

Users pay 0.2% for cryptocurrency transactions on the spot. You can get a 50% discount when using UTT – the native token of the platform. To do this, you need to hold it on your balance and activate the option in your personal cabinet.

Commissions for margin trading depend on the turnover for the previous 30 days. Details – in the table.

How to withdraw profits

In October 2023, users can send a crypto transfer to any external wallet. The developers promise to launch a payment gateway for payments to bank cards. For now, to withdraw profits you need to:

1. Open a profile.
2. Click on the “Wallets” button and go to Spot.
3. Select a coin and click on the “Withdraw” button.
4. Fill out the application form – specify the wallet address, network and amount.
5. Confirm the transfer.

Tech support

Information on the sections is presented on the main page of the site in the block “Private questions”, details – on the links “How it works”. Technical problems can be solved in online chat. Employees answer 24 hours a day in English and Russian.

Pros and cons of the exchange

The UTEX exchange offers a wide range of tools for investing and trading on the American market. Unlike other similar platforms, here clients do not need to obtain the status of a qualified participant, confirm their identity and invest significant funds. You can start with any amount. Other pros and cons of the exchange – in the table.

Conclusion

The UTEX exchange closes the gap between investing in the cryptocurrency and the US stock market. Users can trade different assets in one interface. Deposits are accepted in national currencies and crypto transfers. This makes investing in stocks as convenient as possible.

You can start working with any amount. The platform is focused mainly on short-term transactions, and a small commission of less than 0.03% is charged for position transfer.

Autumn is a statistically strong time for the stock market. The Christmas rally starts in November, so it is a good time to invest in US stocks. UTEX is one of the few platforms that work with Russian users in this direction. You can enter the profit you get on your card or invest it in bitcoin.