Is USDT Tether safe? - page 33. | Bitcointalksearch.org

Malam90

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Quote from: HichemFetoui on January 21, 2019, 08:03:10 AM

probably i recently see a post that annonce that you can right now redeem your usdt token and withdraw them to your bank account but i think dai is way more superior to tether

USDT is more safe than any other coins in crypto market. It gives you neither profits nor loss if you convert your coins into USDT but if your coins price downs after you convert into USDT, you will be in profits in USDT. I think USDT is safe because it is only stable coin that is preferred by most of the investors to convert.

HichemFetoui

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probably i recently see a post that annonce that you can right now redeem your usdt token and withdraw them to your bank account but i think dai is way more superior to tether

Henri Cartier

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Quote

Tether(USDT) is a digital currency linked to fiat currency. All Tethers are first issued on behalf of the Bitcoin blockchain via the Omni Layer protocol. Each issued Tethers is linked to the US dollar one-to-one, corresponding to the US dollar.

The USDT will not show huge fluctuations in the ups and downs only change with the fluctuations in the US dollar exchange rate, and the price is very stable, so its most important significance is to hedge.

Risks of USDT:
Tether is a decentralized digital currency, but not a perfect decentralized company, tether stores all assets as a centralized pledge, so USDT has the following risks:

Tether company may go bankrupt;

The bank in which the company opens an account may go bankrupt;

Banks may freeze funds;

The company may roll the money;

Centralized risk may make the entire system paralyzed.

According to Coinswitch, 1 usdt to eth exchange will give 0.0085 ETH which is a good range for conversion. One can exchange usdt to eth at the best rate at Coinswitch exchange.

ngonco.giolua22

newbie

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Actually there are more than 1500 hundreds coins that are operating in the market. The market is full of different types of coins but it is difficult to say which is good or which is bad. As of now the, we can say that the tether is safe as it is passing a good day but what it does in the future is uncertain.

Nikolas_the_Wonderworker

jr. member

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All cryptography is a decentralized market of coins on crypto-exchange exchanges. The only centralization on the exchange is the ratio of owners and managers of exchanges to USDT. Mankind how many did not have crypto-coins, the main thing is still the US dollar paper. Therefore, the cryptography community will thoroughly conduct information and other support for USDT for the confidence and tranquility of investors in crypto-coins. This is also safe for USDT.

Elysio

full member

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I think tether safe for crypto. they proved their money. There is no reason to believe you. I did not believe in me before but now I believe. based on independent company research.

WUWARAOLUOXIANG

member

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Merit: 10

I dont think it is safe, anyway, it is a game that compete speed of running away. But fow now, Tether is the most popular one in cryptocurrency world, if it crushes, the whole building crushes, too.,

tuquyen44

newbie

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I think this is good news, when it comes to raising the value of bitcoin, and I do not understand your intention to keep usdt safe, are you afraid the price will go down? I never see the price of tether down from 0.99

Gaggy185

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People also know that USDT is currently the most stable crypto when the exchange rate fluctuates at $ 1, which is safe crypto when the market drops, investors will exchange their crypto numbers. USDT to save capital, avoid losses. Thus it can be said USDT is currently considered the safest and most stable crypto.

labake

member

Activity: 308

Merit: 15

I don't think there is anything safe up to that extent, I could remember vividly, there was a theft from the TETHER treasury few months back and that really affect thne market entirely then.

mazdafunsun

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Quote from: daoquanghuan on June 26, 2018, 09:00:44 AM

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

This not true all the time.
THink of the market situation when Thether was printed, it was going down hard,poeple where going for Tether or USDT so they needed the extra Tehther in order to keep up with the demand.

But the safety is another matter, i dont believe that they are backing it up, it is not realistic, from where they could get such wast amounts of money.

BTCHadzija

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Activity: 238

Merit: 113

Yes

imo, if it's good enough for that Binance CEO to list it, then it's good enough for me to use it

Tether FUD is what costed me the most money since I started trading

luckybar

jr. member

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I've heard a lot of bad things about tether ,at this point I'm not really sure what to believe. If tether really wasn't backed by enough usd it could cause a major crypto crash.

MidnightWolf

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Quote from: chokomenia on July 02, 2018, 06:30:28 PM

USDT is one of the stable coins in the market and I believe it is safe because I hold most of the coin though there has been so allegation against them but that doesn't matter to me

This is certainly a very interesting and tempting idea to keep your money in the equivalent of a dollar. But will your funds be safe if you have repeatedly spoken about the problems of this direction?

chokomenia

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USDT is one of the stable coins in the market and I believe it is safe because I hold most of the coin though there has been so allegation against them but that doesn't matter to me

Mr.Spreadthehamster

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Quote from: simapple on June 26, 2018, 09:07:52 AM

I think so, the USDT is safe. Recently, they audited their Bank accounts and confirmed the availability of funds in these accounts.

I have heard that they approved the availability of funds on their bank accounts, but I still do not believe this coin.
It seems to me not safe, and I personally believe, that it will go scam one day.

Vova.vova

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jasonkirbi

newbie

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Actually there are more than 1500 hundreds coins that are operating in the market. The market is full of different types of coins but it is difficult to say which is good or which is bad. As of now the, we can say that the tether is safe as it is passing a good day but what it does in the future is uncertain.

wpalczynski

legendary

Activity: 1456

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I've used it a few times but not for really long, but a friend of mine who trades a lot more uses it all the time.

We've never had any problem with it, so I believe it's as safe as a crypto can be.

Tosyn2

member

Activity: 566

Merit: 10

Yes, it is the safest most especially during market fall, it rarely go below dollar value i watch it closely and convert my tokens to tether before market fall.

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