Topic: so what to do with USDT ?! - page 3. (Read 887 times)
I think USDT should CEO should more active negotiating to be the CBDC
I don't know if there are banks accepting USDT directly maybe I miss to see the news about this since on our country we don't have an option to do that and we need to exchange our USDT to bitcoins and transfer it to our local wallet to convert it into fiat.
Maybe american citizens have that option or?
Maybe american citizens have that option or?
You are massively overestimating USDT's importance. No one outside of crypto has a clue what it is. No bank will know and if you explained it to a bank they'd look at you like you were fucking nuts.
'Look, there's this company, no one really knows who owns it or where it's based and they invented this token. It's worth a dollar but there's no way of proving that there are real dollars backing it and they've said themselves that sometimes it isn't.
The actual company who issues these tokens refuse to give their non whale customers dollars for one of these tokens. You have to find some other individual on an exchange willing to hand over real ones.
So, are you gonna let me deposit these or not?
I'm WAITING.'
binance was a crypto exchange so i assume that you can only buy or sell cryptos on here and not fiats but there are other trading platforms that supports crypto to fiat or fiat to crypto , i just only dont know if what site but you can try searching that on google .
there are also wallet that allows you to do that like the one that i use right now although i dont know if this was available on your region because i heard this only operates mainly on asian region .
there are also wallet that allows you to do that like the one that i use right now although i dont know if this was available on your region because i heard this only operates mainly on asian region .
You dont need to sell the USDT just withdraw it into your bank account.
Point us towards a bank account that accepts USDT. Your answer at the bank is guaranteed to be 100% 'wut'?
It's a crypto specific obscurity and since you can't get Tether themselves to redeem your USDT for dollars, which I thought was kind of the original point, you'll have to find somewhere else that'll turn it into real dollars for you.
I don't know if there are banks accepting USDT directly maybe I miss to see the news about this since on our country we don't have an option to do that and we need to exchange our USDT to bitcoins and transfer it to our local wallet to convert it into fiat.
Maybe american citizens have that option or?
When selling a small amount of bitcoin other times, you should not trade on global exchanges, you will waste a large fee compared to the amount you trade. It is best to look for small buyers (reputable) or cash exchanges in your country. It's very easy, you can search on the forums, then contact and sell USDT or BTC with them.
If you want your money in fiat which I believe it is your local currency, then you should look for local exchangers in your country and sell directly for them. USDT is a stable coin that people primarily used to prevent asset volatility. It is obvious you do not know much about trading. You should have trying searching before making that trading.
Binance is the most popular exchange. It's not the only one. You can try Coinbase or Coinmama, and don't you mind about P2P selling like LocalBitcoins offers. What's about Tether? I cashed out it via Coinswith again.
You dont need to sell the USDT just withdraw it into your bank account.
Point us towards a bank account that accepts USDT. Your answer at the bank is guaranteed to be 100% 'wut'?
It's a crypto specific obscurity and since you can't get Tether themselves to redeem your USDT for dollars, which I thought was kind of the original point, you'll have to find somewhere else that'll turn it into real dollars for you.
buy some weed or wait for the money go brr and buy more bitcoin
hi guys
am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for
USDT is a stablecoin which is pegged to 1$ i.e USDT is a fiat base crypto currency.am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for
am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?
If Binance supported your country fiat currency what you have to do is withdraw the USDT into your country fiat but you dont need to convert your BTC into USDT next time if Binance does provide fiat withdraw to your country.My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD 
need help figuring this out.
thanks,
You dont need to sell the USDT just withdraw it into your bank account. need help figuring this out.
thanks,
Won't they charge up to 25% of your Bitcoin when converting? Or you haven't consider that yet ?
The conversion depends to the price of bitcoin and that's how it will be converted to USDT. Say, that bitcoin is worth $9,800 then you will get 9700 USDT because it's conversion is 1usdt=$1.I don't know where you got the idea of charging 25% of your bitcoin when you're just trying to convert/trade your bitcoin with usdt. Exchanges don't even charge that much withdrawal fee when you're withdrawing .
Usdt has been a stable coin to deal with market.everytime when market looking to dump, it is always beneficial to convert your Cryptocurrencies into usdt. Usdt market has been started by lots of exchanges so you can buy crypto with your usdt. Everybody should know that usdt can not too much pump or dump so it will not destroy you equity when you convert your crypto in usdt. You shouldn't have any problems with USDT since it's a popular stablecoin traded on several exchanges.
Won't they charge up to 25% of your Bitcoin when converting? Or you haven't consider that yet ? btc/usdt is for traders not holders .ofc in the end u can sell your btc or usdt witch depends on your country.but usdt is more safe to keep .if im going to sell btc first i change it to usdt because usdt is alwasy 1 usd .or for trade if i see price will go down i change my btc to usdt and wait for drop and then i buy btc again.
USDT is 'safe' in the sense that it's supposed to remain at a set price. It's not safe in any other way. It's possible the $1 peg will collapse. It's also possible USDT will disappear completely. I'd never spend any significant amount of time parked in it especially when there are enough real dollars out there.
I can suggest that you use CEX.IO, you must do KYC (you will have to hand over your passport, proof of address and a selfie holding your bank card) or you can exchange bitcoin to paypal and then you will withdraw the money from your paypal account to the bank (just add your bank card to your paypal account )... but be careful with exchange bitcoin to paypal because it is full of scammers, I exchange with this user: @shasan and I use Cex.io for a long time
hi guys
am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?
My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD
need help figuring this out.
thanks,
am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for
am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD
need help figuring this out.
thanks,
btc/usdt is for traders not holders .ofc in the end u can sell your btc or usdt witch depends on your country.but usdt is more safe to keep .if im going to sell btc first i change it to usdt because usdt is alwasy 1 usd .or for trade if i see price will go down i change my btc to usdt and wait for drop and then i buy btc again.
There is some others way to do cash out. Binance is not one of those, yet.
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
unfortunately most of those regulated exchanges r either not supported in my country or look really suspicious to me ! no need to get into details, but i cant even activate my account on bitstamp because my country is not listed there ! coinbase is NOT supported where i live, so am down to kraken now and i have a simple question, is working with them as simple as:-
- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.
plz clarify this to me,
thanks,
If you can tell what is your country, you will get better suggestions from users here.
Am a resident of the UAE, kraken seems to allow trading from where i live, but am just wondering, if i sell say huge sum almost 1 BTC on their trading platform in exchange for fiat (mainly USD) will kraken honor the withdrawal of the fiat to my bank account in my country or scam me just like someone might suspect ?...
How much cost fee withdrawl USD in Kraken?
It's all here - https://support.kraken.com/hc/en-us/articles/360000423043-Fiat-currency-withdrawal-options-fees-minimums-and-processing-times-
But I'm not sure how good their USD banking is compared to EUR. They seem to have used piece of shit third part payment processors in the past who've caused users problems. I'm not sure what their current set up is at the moment.
How much cost fee withdrawl USD in Kraken?
It's all here - https://support.kraken.com/hc/en-us/articles/360000423043-Fiat-currency-withdrawal-options-fees-minimums-and-processing-times-
But I'm not sure how good their USD banking is compared to EUR. They seem to have used piece of shit third party payment processors in the past who've caused users problems. I'm not sure what their current set up is at the moment.
If Kraken is your main choice then you're in luck. Kraken is also one of the very few exchanges with a direct USD/USDT market. You can send your USDT straight there and exchange it for USD. No need to lose extra in trading fees and volatility. Kraken's USD set up is pretty creaky compared to elsewhere but at least it exists.
https://trade.kraken.com/charts/KRAKEN:USDT-USD
unfortunately most of those regulated exchanges r either not supported in my country or look really suspicious to me ! no need to get into details, but i cant even activate my account on bitstamp because my country is not listed there ! coinbase is NOT supported where i live, so am down to kraken now and i have a simple question, is working with them as simple as:-
- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.
plz clarify this to me,
thanks,
- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.
plz clarify this to me,
thanks,
If Kraken is your main choice then you're in luck. Kraken is also one of the very few exchanges with a direct USD/USDT market. You can send your USDT straight there and exchange it for USD. No need to lose extra in trading fees and volatility. Kraken's USD set up is pretty creaky compared to elsewhere but at least it exists.
https://trade.kraken.com/charts/KRAKEN:USDT-USD
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