How to buy cheap Tether? | Bitcointalksearch.org

UmerIdrees

hero member

Activity: 2226

Merit: 834

Quote from: hack3rcon on December 04, 2021, 06:05:48 AM

Hello,
How can I buy cheap Tether, then sell it to others? For example, how exchanges gaining tethers then sell them to users and make money by commission?
Is Tether minable?

Thank you.

I think you are mixing altcoins with Tether. Tether is a stable coin and its value will remain fix at 1 dollar. There is no way you can buy a cheap tether and later sell it at a higher price. In order to buy low and sell high, you need to trade in altcoins. Look like you are new to crypto, so please get some knowledge about crypto trading before investing your money into it.

Dervish doff

member

Activity: 1134

Merit: 10

tether is a stablecoin created according to the dollar rate, if in fiat we buy dollars and save some time, but not too much profit, if a lot of capital, I say yes you can profit, in tether USDT the same role, to get profit much the same as fiat money, as far as I remember tether can't be mined because the position of the token is a stable price (stablecoin) created according to the underlay of money in the bank, but for the rest I don't know, if anyone knows about how to mine tether, you can share it , for a new experience.

cryptoaddictchie

legendary

Activity: 2044

Merit: 1315

Quote from: hack3rcon on December 08, 2021, 10:21:53 AM

Hello all,
Thank you so much for all replies.
So, exchanges couldn't make money from the Tether? How Tether produced?

Exchange definitely make money with Tether. Of course their way of gaining is through fee. Take for example the usdt on Binance, when you trade there is a small fee incurred on your transactions. While using busd their own stablecoin rendered you free trades. Of course this is a benefit to those who patronise binance or their own stable. While usdt still have a large volume and CZ is really earning a lot on it.

dimonstration

hero member

Activity: 2562

Merit: 659

Dimon6969

Quote from: hack3rcon on December 08, 2021, 10:21:53 AM

Hello all,
Thank you so much for all replies.
So, exchanges couldn't make money from the Tether?

Exchange can make profit from Tether using the transaction fee and withdrawal fee. Exchange like Binance has billion or million dollars trading volume especially on tether pairs. So they have an easy money on it despite it has a stable value.

You can have profit from buying stable coin through P2P like BinanceP2P. You can buy low price stablecoin when Bitcoin price is high since people always cash out crypto to Fiat while you can sell USDT high price if the price of Bitcoin is low since people usually cash in fiat to buy Bitcoin.

livingfree

hero member

Activity: 2758

Merit: 575

Quote from: hack3rcon on December 08, 2021, 10:21:53 AM

Hello all,
Thank you so much for all replies.
So, exchanges couldn't make money from the Tether? How Tether produced?

Tether is minted and it's said to be backed up by real dollars. Exchanges do make a commission from each trade a trader does. So for them, there's profit that they make from each trade a trader does including a Tether trade or pair.
That's why you trade and they get a chunk from the trade you make and can you imagine if there are millions of users they have that are actively making, that's how they make business happens.

hack3rcon

member

Activity: 354

Merit: 10

Hello all,
Thank you so much for all replies.
So, exchanges couldn't make money from the Tether? How Tether produced?

asriloni

legendary

Activity: 2982

Merit: 1023

Leading Crypto Sports Betting & Casino Platform

This article may be outdated but that will give you a small insight about speculation for the distribution system that used by tether to distribute its stable token https://untetheredbtc.medium.com/how-the-tether-usdt-distribution-system-works-84a5c673bec0

It seems like that you didn't know how stable coin work and it's not being sold to the traders or users. There was not also commission for that. Exchange site never sell tether and it's not for sold.

There's no cheap tether. You can search bunch of articles about stable tokens and I hope you can real the whole of explanation about it and how it works.

cryptoaddictchie

legendary

Activity: 2044

Merit: 1315

Quote from: Kavelj22 on December 05, 2021, 10:17:06 AM

I guess op thought about this topic as he saw a large demand for USDT. Maybe he doesn't yet know that the stable coins market is not limited just to USDT.

Most likely the reason. But we all knew that there are plenty of stablecoins out there that can be traded. With the rate of exchange only whales or those high volume quantity of usdt being traded can experience such gain even with that pairing. Also trading it is not recommended since its both stablecoin, just few bucks of trading then you'll noticed literally nothing.

Kavelj22

legendary

Activity: 1708

Merit: 1364

🔃EN>>AR Translator🔃

Quote from: cryptoaddictchie on December 04, 2021, 07:41:11 AM

Quote from: NeuroticFish link=topic=5375350.msg58616460#msg58616460

1. Tether is not really something you can buy low and sell high because it's a stable coin and the price is meant to always stay around 1$

Actually even its not meant some do trading via stablecoins and you gain such profits as well if you are trading it together with other stablecoin like busd and dai. I am doing frequent trading on stablecoin sometime cause I needed some big funds on other private sale I am joining, and I can even reach a $300 to $400 gains for that by doing sale. Sometime prices are 0.99, 0.96, 0.95 depends on the market movement as well.

Almost the same process can be applied when trading stable coins with local currencies by taking profit from the convert of 1 dollar to the local currency. Me myself i bought usdt several times with a rate higher than 1$ (the rate also changes according to the amount needed) while i sold small amounts of USDT with a rate lower than the fixed 1$.
I guess op thought about this topic as he saw a large demand for USDT. Maybe he doesn't yet know that the stable coins market is not limited just to USDT.

blockman

hero member

Activity: 2660

Merit: 608

Vave.com - Crypto Casino

Quote from: hack3rcon on December 04, 2021, 06:05:48 AM

Hello,
How can I buy cheap Tether, then sell it to others? For example, how exchanges gaining tethers then sell them to users and make money by commission?
Is Tether minable?

Thank you.

It is a stable coin and do you plan to earn from the cents of gap that it has in other exchanges? All you need to do is to compare the prices from exchange to exchange.
But the matter is that you have to choose the other protocol, not erc20 because it's the most expensive that they've got today. I don't really think that you can profit from the little margin that you'll get from it so if you want to get some profit doing arbitrage, you better choose another coin, not a stable coin.

poodle63

hero member

Activity: 2646

Merit: 509

Leading Crypto Sports Betting & Casino Platform

Quote from: hack3rcon on December 04, 2021, 06:05:48 AM

How can I buy cheap Tether, then sell it to others? For example, how exchanges gaining tethers then sell them to users and make money by commission?

There was no cheap tether and you will never able to do that. If you meant you just wanna make fast money and then the only possible thing to did staking with your tether. You can't buy cheap tether. It's stable token. Tether = fiat money. How is it possible for you to buy fiat money? I guess tether was distributing it to the exchange site but im not sure how this is working right now.

Quote from: hack3rcon on December 04, 2021, 06:05:48 AM

Is Tether minable?

It's not minable and it can't be mined. It can be issued by based on the reserved funds that being hodl by the companies that was issuing the stable tokens. Tether has value caused by it's backed by dollars and it's not the same like altcoin that being issued by various developers that didn't backed by anything.

noorman0

hero member

Activity: 1764

Merit: 694

[Nope]No hype delivers more than hope

In the kucoin market I think there are more profit opportunities than that for the USDT/PAX pair. The problem is, the pair between stable coins doesn't really fluctuate and there are no charts to analyze. You really have to place orders up to several days or weeks to get a difference of say only 5%. Maybe I can make more of this profit against volatile crypto pairs without waiting long.

YOSHIE

legendary

Activity: 2002

Merit: 1742

(USDT) Unlike Bitcoin or other crypto assets, if you want to buy cheaply and want to have a profit, you can't rely on crypto, instead you have to follow the dollar exchange rate, (United States Dollar Tether) just the opposite if crypto assets go down, not necessarily Tether goes up or down, benchmark in dollars.

Your only way to start trading or investing in Tether or want to give commissions/profits, for sure you have to do as I said above, follow the dollar rate movement chart, buy and sell, at your own risk.

cryptoaddictchie

legendary

Activity: 2044

Merit: 1315

Quote from: NeuroticFish link=topic=5375350.msg58616460#msg58616460

1. Tether is not really something you can buy low and sell high because it's a stable coin and the price is meant to always stay around 1$

Actually even its not meant some do trading via stablecoins and you gain such profits as well if you are trading it together with other stablecoin like busd and dai. I am doing frequent trading on stablecoin sometime cause I needed some big funds on other private sale I am joining, and I can even reach a $300 to $400 gains for that by doing sale. Sometime prices are 0.99, 0.96, 0.95 depends on the market movement as well.

NeuroticFish

legendary

Activity: 3500

Merit: 6205

Looking for campaign manager? Contact icopress!

Quote from: hack3rcon on December 04, 2021, 06:05:48 AM

Hello,
How can I buy cheap Tether, then sell it to others? For example, how exchanges gaining tethers then sell them to users and make money by commission?
Is Tether minable?

Thank you.

1. Tether is not really something you can buy low and sell high because it's a stable coin and the price is meant to always stay around 1$
2. Tether is not mined, it's issued by a company that in theory should have actual fiat assets for every coin issued (and they don't really have that, but that's another story).
3. The most known exchanges are matching sell orders and buy orders of various users, and get some small commission for this. So they don't sell their own Tether.

hack3rcon

member

Activity: 354

Merit: 10

Hello,
How can I buy cheap Tether, then sell it to others? For example, how exchanges gaining tethers then sell them to users and make money by commission?
Is Tether minable?

Thank you.

Topic: How to buy cheap Tether? (Read 157 times)