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Title: questions about trading. Post by: crazy-igzo on January 30, 2016, 01:17:31 AM hello, I'm a newbie.
and I had a rough time to get some btc. and I grow it with exchanging. now I want to convert it to USD! I'm currently exchanging in poloniex I found a coin named USDT is it USD? and how can I convert USDT to USD if it's not usd? how can I send it to paypal? cuz I really need to send it to paypal. thanks Title: Re: questions about trading. Post by: Amph on January 30, 2016, 07:55:25 AM no that coin it's not usd, it's another crypto or something else, but i may be wrong on this you better ask in the trollbox
the only thing that i know is that it is not usd, because i remember i asked the same thing in their trollbox Title: Re: questions about trading. Post by: Patatas on January 30, 2016, 08:22:29 AM Simply,convert your btc to Fiat using localbitcoins.com.They're a few traders who directly send funds to your paypal account,since the traders are verified and escrow is provided I think localbitcoins would be a good place if its urgent as you say.Regarding the USDT, I did not understand what you mean ?Have you bought USDT's for bitcoins ? If yes, then sell them for btc's again and the btc's can be converted to paypal as mentioned above.
Title: Re: questions about trading. Post by: 1Referee on January 30, 2016, 11:00:38 AM What you see in poloniex as USDT is called Tether. It's just an altcoin and not USD as in $$$ fiat.
Better use an exchange as Bitstamp or Bitfinex or Kraken as they are real BTC/USD exchanges. Title: Re: questions about trading. Post by: eddie13 on January 30, 2016, 11:04:15 AM USDT is pegged pretty well to the USD $$ and it is pretty much designed to be USD by proxy with the capabilities of a crypto coin.
Title: Re: questions about trading. Post by: crazy-igzo on January 31, 2016, 07:49:43 AM Simply,convert your btc to Fiat using localbitcoins.com.They're a few traders who directly send funds to your paypal account,since the traders are verified and escrow is provided I think localbitcoins would be a good place if its urgent as you say.Regarding the USDT, I did not understand what you mean ?Have you bought USDT's for bitcoins ? If yes, then sell them for btc's again and the btc's can be converted to paypal as mentioned above. i m going to try localbitcoins as u Suggested , I hate the fact that there is allwas risk -- I did not buy usdt I just wanted some clarification. Title: Re: questions about trading. Post by: maokoto on February 01, 2016, 02:16:50 PM You can use localbitcoins as some say, also coinbase (have to give personal data) or Xapo or some BTC/USD exchange. I guess you can also try to exchange them in forum, but do not know if that would be too risky.
Title: Re: questions about trading. Post by: twister on February 01, 2016, 04:20:45 PM It looks like you're wanting to exchange them to Paypal and that in itself is risky, no matter what exchange/platform you use because you can't cover yourself from chargeback which can be done upto 180 days.
On localbitcoin you may find local traders who do cash trades, which is the safest option imho. Title: Re: questions about trading. Post by: calkob on February 01, 2016, 04:27:21 PM Yeah i would say your best option would be locla bitcoins, or bittylicious if your in the UK but it might not be such a good rate.
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