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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: CherryWaves on September 22, 2017, 11:17:20 PM



Title: Getting USDT
Post by: CherryWaves on September 22, 2017, 11:17:20 PM
Hi guys, first post on here. Looking forward to getting to know you guys. I am very new to the crypto world.
 
I bought my first Ethereum and it set up with coinigy . I want to start doing some trades on ETH/USDT on there but don't have any USDT in my account. I used coinbase to buy my first ETH but dont see an option to buy tether/USDT on there. I set up a Kraken account but don't see it there either. What should I do to get some USDT on my account?
 
Thanks alot guys!


Title: Re: Getting USDT
Post by: MAbtc on September 22, 2017, 11:25:20 PM
Hi guys, first post on here. Looking forward to getting to know you guys. I am very new to the crypto world.
 
I bought my first Ethereum and it set up with coinigy . I want to start doing some trades on ETH/USDT on there but don't have any USDT in my account. I used coinbase to buy my first ETH but dont see an option to buy tether/USDT on there. I set up a Kraken account but don't see it there either. What should I do to get some USDT on my account?
 
Thanks alot guys!

Why do you want to trade against USDT, rather than USD? For example, you can trade ETHUSD on GDAX, Gemini or Bitstamp -- those are the most reputable exchanges around. You don't need any USDT in that case. Tether is mostly useful for moving USD value between exchanges or hedging USD value on exchanges that don't have fiat deposits and withdrawals.

If you really want to trade USDT, the easiest way is to send cryptocurrency to an exchange that offers Tether markets. You could send your ETH to Poloniex, Kraken or Bittrex and sell it for USDT.


Title: Re: Getting USDT
Post by: harizen on September 22, 2017, 11:34:55 PM
Hi guys, first post on here. Looking forward to getting to know you guys. I am very new to the crypto world.
 
I bought my first Ethereum and it set up with coinigy . I want to start doing some trades on ETH/USDT on there but don't have any USDT in my account. I used coinbase to buy my first ETH but dont see an option to buy tether/USDT on there. I set up a Kraken account but don't see it there either. What should I do to get some USDT on my account?
 
Thanks alot guys!

Kraken only have trades between USDT/USD if Im not mistaken. Anyhow as suggested above, transfer your ETH in exchanges that have an open trades for ETH/USDT.

You can find the listings here: https://coinmarketcap.com/currencies/tether/#markets


Title: Re: Getting USDT
Post by: poiseulle on September 23, 2017, 12:39:09 AM
I heard that usdt is another crypto that bittrex created, it should be worth 1:1 with usd. Since it is crypto, it makes the exchange easier. Not heard of any place to buy or sell usdt


Title: Re: Getting USDT
Post by: mk4 on September 23, 2017, 01:12:59 AM
Tether = USDT

You can trade ETH:USDT and vice versa on most exchanges, namely: Bittrex, Bitfinex, GDAX.

I heard that usdt is another crypto that bittrex created, it should be worth 1:1 with usd. Since it is crypto, it makes the exchange easier. Not heard of any place to buy or sell usdt
Bittrex didn't create USDT. The company that created tether is affiliated with Bitfinex though. Yes Tether(USDT) makes everything concerning trading easier for sure, but I personally wouldn't hold on to USDT longer than a few days. So much shady stuff is going on with USDT. Here are some good reads:

https://www.reddit.com/r/Bitcoin/comments/6ypy58/the_truth_about_bitfinex_and_tether/
https://www.reddit.com/r/bitfinex/comments/6yaq45/fraudfinexs_tether_has_potential_to_bring_down/
https://www.reddit.com/r/BitcoinMarkets/comments/674rvi/a_clear_analysis_of_the_evolving_bitfinextether/