Topic: You cant cash out with Tether, you do know that right? (Read 120 times)

Tether was created with 1:1 real dollar value. So that traders can simply convert their crypto to tether and hold it. It's nothing but another alt coin. When you want to cash out then this is what I follow...
1. Convert the tether to btc or any other alt
2. Send the coin to another exchange that allow Fiat withdrawal

Alternatively if the exchange which allow fiat withdrawal have tether then you can exchange tether with USD and then cash out.

Good thing that you mentioned it here, i really dont have an idea regarding this tether, it comes only to my attention that its one of the top 100 cryptocurrencies, but i never tried it. Thanks for mentioning it here, you give me an insights of this coin, i would no longer want to participate in this maybe, but let us see in the near future, if there could be an upgrade on this issue.

So what's the point of it being pegged to 1 USD per token if it's not as good as cash? Yes, it will save your portfolio on dumps but wouldn't it be nicer if you can conveniently convert to cash with lesser fees to BTC or ETH instead of letting it sit in the exchange or wallet for a while until the market favors your orders? In TUSD, you can do so but the platform isn't fully developed yet and I can say they are a LOT better than Tether.

Now there's another... with far more options with your crypto, especially if you're holding a large sum of it just like the ICOs that raised thousands of Ether or BTC. Not only will it help you to cost-effectively convert your crypto to fiat ( currently it's BTC ETH XRP confirmed) but you can also earn INTEREST on it. Sounds amazing right?

You do know that most incredible ICOs are developers, not fund managers, say GoNetwork. Their skills are in developing or creating a useful platform and not balancing portfolios and hedging risk - thus why there's more need for a company that not only believes in blockchain but also runs blockchain in their financial services. This is where Formosa Financial comes in. A B2B one-stop platform for digital asset management, offering a customizable suite of custodial, brokerage, and risk management services. Brokerage is ICOS' need to conveniently and cost-effectively convert say ETH into fiat for operational costs. Formosa is partnering up not only with crypto custodial but with fiat custodial -- the banks.

Simply put in this interview with the CEO Ryan Terribilini -- https://soundcloud.com/matthew-aaron-690749808/ico101-interview-with-formosa-financial-w-ryan-terribilini-ceo