Best way to hold an asset is holding a real version of it.
Actually, the best way to hold an asset is by holding it. If you hold a paper that says someone owes you the asset, you don't hold assets, but liabilities. 
Topic: Best way to exchange BTC into EURt. Is EURt the best way to hold Euro? (Read 108 times)
August 15, 2022, 11:17:12 AM
The best way to exchange bitcoin for a "stablecoin" is by using a decentralized exchange, such as Bisq. No, the best way to hold Euro isn't with EURt. If you want interest, let the bank hold it for you. Otherwise, cash.
August 15, 2022, 10:37:37 AM
Best way to hold an asset is holding a real version of it.
If you want to hold gold, let's hold real physical gold bars, not stocks or tokens that claim to be backed by gold bars.
If you want to hold USD, let's hold USD, not USDT or USDC or USD stable coins.
If you want to hold Bitcoin, just hold Bitcoin, not any token claims to represent Bitcoin and is backed by Bitcoin.
Same if you want to hold EURO, just hold real EURO, not EUROt or else.
If you want to hold gold, let's hold real physical gold bars, not stocks or tokens that claim to be backed by gold bars.
If you want to hold USD, let's hold USD, not USDT or USDC or USD stable coins.
If you want to hold Bitcoin, just hold Bitcoin, not any token claims to represent Bitcoin and is backed by Bitcoin.
Same if you want to hold EURO, just hold real EURO, not EUROt or else.
August 15, 2022, 09:38:11 AM
would anyone know the best way to change my bitocin into some EURt?
It doesn't really matter if you keep stablecoins in EURt or USDT because euro and dollar are 1:1 currently, and there is not much difference between them.USDT is probably easier to swap back to Bitcoin because it's available on more exchange or almost all, and EURt is not that much adopted.
In general I wouldn't hold much stablecoins because if the risks (hacks, de-peg, regulations, etc.) and I certainly won't hold them on any centralized exchanges, but they could be useful short term.
August 14, 2022, 03:59:43 PM
would anyone know the best way to change my bitocin into some EURt?
I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro.
Does anyone know if EURt is the best way to probably hold Euro?
Thanks
AFAIK Bitfinex is the biggest exchange with the largest volume and liquidity offering EURt (Tether Euro) but there are other stable coins pegged to the €uro fiat currency like EURS (Stasis Euro) available on Bitfinex too and Hitbtc, CEUR (Celo Euro) available on Kucoin or on blockchain.com with 10% APY, and EUROC (Euro coin) available on smaller exchanges... It could be interesting to mix the stablecoins to mitigate the risks IMO. I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro.
Does anyone know if EURt is the best way to probably hold Euro?
Thanks
August 13, 2022, 12:23:31 PM
...I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro...
Having a fiat dollar, you can easily convert it in any European country into cash EUR. So there is no point in using any centralized stablecoin to get EUR, which is EURt. In case my words did not convince you, use https://coinmarketcap.com/currencies/tether-eurt/markets /, where all the exchanges you are interested in are presented.
August 13, 2022, 05:56:04 AM
In fact, what you bought is not the euro, but rather a centralized currency (they can freeze and take your money even if it is in your wallet) claiming that it will maintain the value of one euro, but there is no evidence to support this claim.
And it's worth to mention the USDT they created which the price should always stick with a real USD fiat 1:1, but on the 2 months ago you've created a thread where USDT price constantly less than $1 for a month, it's around $0.95. Why did this happen? it's because they can do everything with their tokens and they're already failed to follow the price at $1 just like the real fiat money. Since it's from a same creator, they can do same with the EURT.Why is the value of USDT less than one dollar?
August 13, 2022, 12:57:42 AM
In fact, what you bought is not the euro, but rather a centralized currency (they can freeze and take your money even if it is in your wallet) claiming that it will maintain the value of one euro, but there is no evidence to support this claim.
Also, the market capacity[1] of this currency makes investing a large amount in it a more risky than the risk of fluctuations in the price of Bitcoin.
[1] https://coinmarketcap.com/currencies/tether-eurt/markets/
Also, the market capacity[1] of this currency makes investing a large amount in it a more risky than the risk of fluctuations in the price of Bitcoin.
[1] https://coinmarketcap.com/currencies/tether-eurt/markets/
August 12, 2022, 06:57:27 PM
How much are u ou hoping to convert and what do you want to do with it?
I've just done a test and noticed that metamask can convert usdc to eurt (presumably this includes most large volume erc20 tokens and eth too).
Whether it's the best way to hold euros might be different - it's a fee free holding but can you not get this from an account anyway. You might face problems trying to use a cex to convert to eurt because it's probably a lesser market in the US so might not have much liquidity (afaik the US have to have their own segregated markets for assets while a lot of countries in the rest of the world can use the same global one).
I've just done a test and noticed that metamask can convert usdc to eurt (presumably this includes most large volume erc20 tokens and eth too).
Whether it's the best way to hold euros might be different - it's a fee free holding but can you not get this from an account anyway. You might face problems trying to use a cex to convert to eurt because it's probably a lesser market in the US so might not have much liquidity (afaik the US have to have their own segregated markets for assets while a lot of countries in the rest of the world can use the same global one).
August 12, 2022, 06:57:14 PM
You can check the exchanges EURT is being traded and its trading volume on Coinmarketcap:
https://coinmarketcap.com/currencies/tether-eurt/markets/
https://coinmarketcap.com/currencies/tether-eurt/markets/
I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro.
Why not use domiciliary account?Does anyone know if EURt is the best way to probably hold Euro?
Backed by fiat, why not use fiat instead? EURT is a centralized token. August 12, 2022, 06:49:33 PM
would anyone know the best way to change my bitocin into some EURt?
I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro.
Does anyone know if EURt is the best way to probably hold Euro?
Thanks
I also live in the USA and can't really buy Euro over here, but I would like to hold some for my future trips to Europe when USD = Euro.
Does anyone know if EURt is the best way to probably hold Euro?
Thanks
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