If anybody has any knowledge of Tether (maybe you purchased some), please give me your explanation of how it works.
I am thinking of cashing in some of my Bitcoin very soon but I still do not want to send KYC to any exchange and do not want to swap it for other crypto either.
I am unsure how Tether works even after reading up on it. If it does what I think which is to for me to buy USDT then at least even if the price of Bitcoin falls below what I traded after the dump, I will be happy. Then when the time is right maybe I could either trade those USDT back for Bitcoin or maybe finally send KYC to an exchange.
Any advice will be appreciated, is this how Tether works? Is there anything that I am missing?
Topic: Seeking Advice: How Does Tether (USDT) Actually Work? (Read 40 times)
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