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Title: Trading BTC with USD Post by: Sorceb on September 05, 2017, 05:57:47 PM I dont know why it is not possible to trade with USD on Bitfinex or Bittrex, but it is a Problem for me. I sometimes would like to sell my Coins for $ and then rebuy BTC when Price Drops. If i want to do so know, then i have to sell my BTC via Local Bitcoins or some other Websites, where I cant rebuy BTC immediately, because they offer only wire Transfers.
I hope somebody can help me :/ Title: Re: Trading BTC with USD Post by: Tonnes on September 05, 2017, 06:10:05 PM Did you thought of using other exchange that could provide the service your asking for?
Title: Re: Trading BTC with USD Post by: TryNinja on September 05, 2017, 06:18:54 PM You can actually trade your coins for USDT at Bittrex. It is a token supposed backed by 1 USD.
1 Tether (USDT) is worth 1 dollar, so you can for example, sell 1 BTC for 4350 USDT and rebuy when the price goes down without needing to transfer money between your bank account and the exchange. But I would be careful, they seem to be shady at the moment. Check the links: https://twitter.com/Bitfinexed/status/904867721652797440 https://www.reddit.com/r/btc/comments/6y4p49/tether_has_created_a_total_of_70_million_in_new/ Title: Re: Trading BTC with USD Post by: Sorceb on September 05, 2017, 06:33:03 PM Did you thought of using other exchange that could provide the service your asking for? Yes, couldnt find any Exchange with many altcoins and usd. Or any way of immediate Transfer of USD to BTC and BTC to USD. You can actually trade your coins for USDT at Bittrex. It is a token supposed backed by 1 USD. 1 Tether (USDT) is worth 1 dollar, so you can for example, sell 1 BTC for 4350 USDT and rebuy when the price goes down without needing to transfer money between your bank account and the exchange. But I would be careful, they seem to be shady at the moment. Check the links: https[Suspicious link removed]d/status/904867721652797440 https://www.reddit.com/r/btc/comments/6y4p49/tether_has_created_a_total_of_70_million_in_new/ Yeah i heard about Tether already, definitely not a good solution atm, thanks anyway |