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The most popular exchanges these days are crypto only. Thus if your a trader that wants to trade against the dollar, you have to do USDT, not the actual dollar
by dreit1 9y ago
The most popular exchanges these days are crypto only. Thus if your a trader that wants to trade against the dollar, you have to do USDT, not the actual dollar
- harryh 9y agoDoesn't this mean that all the market values on crypto only exchanges are kind of suspect? Because if you eventually want to get out of crypto and into dollars (to, you know, buy stuff in the real world) there is a good chance you won't be able to because no one is actually there willing to give you dollars for tethers?
- psyc 9y agoWhile I'm mindful that all of this is always one fateful day away from collapsing, at the moment it's not a problem. A number of exchanges will trade tethers for any of the major coins (BTC, ETH, LTC) and any major exchange will give you dollars for those, at least on days when withdrawals are functioning.
- deleted 9y ago[deleted]
- dreit1 9y agoBut they will give you dollars for bitcoin or ether. However, I agree, I never trade tether because that is the last bag you want to hold if the crypto market collapses