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Topic: Is Poloniex accepting USD deposits/withdrawals? (Read 4055 times)

hero member
Activity: 574
Merit: 500
ClaimWithMe - the most paying faucet of all times!
Poloniex does not have fiat pairs look to Kraken instead.
So what does the chart "BTC-USDT" means?
USDT is a centralised altcoin which is supposed to be pegged in value to the dollar (it's called USD Tether).

The idea is to be able to exchange your cryptocurrencies to USDT so that you have something stable to trade against.

However, USDT has been off the rails since this crypto boom started a couple of months ago, and is no longer pegged to the dollar at all.  Actually it's been all the way to $0.92 and all the way up to about $1.10 (higher on some exchanges).

I personally wouldn't trust it with your funds and would trade with dollars directly if you want to trade altcoins to fiat (through Kraken for example).
newbie
Activity: 55
Merit: 0
Poloniex does not have fiat pairs look to Kraken instead.
So what does the chart "BTC-USDT" means?
newbie
Activity: 12
Merit: 0
Poloniex does not have fiat pairs look to Kraken instead.

What about lending usd, do you know any platform?
legendary
Activity: 1806
Merit: 1164
Poloniex does not have fiat pairs look to Kraken instead.
newbie
Activity: 12
Merit: 0
Also, can I exchange my btc for usd (I do not want to short btc, only sell my btc for usd) and then lend my usd?

Could someone tell me how to exchange it for usd?

Thank you Smiley
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