Bitcoin Forum

Hey guys,

I'm looking into using the omni protocol to re-balance deterministic arbitrage bot on different exchanges, since I can't find much informations on USDT, I'm turning here to find some answers;
so here are my questions;

- Can USDT be used transfered from an exchange to another exchange or preferable to go EX => tether wallet => EX?
- I've read that transfering USDT is free but exchange can/may charge a transfer fee, what's your thoughts on that?
- Any website for USDT metrics you would point me to check on average Tx time?

I'm not a fan of USDT as anyone here, I know the whole non-auditing story, I do consider it a ticking time bomb to the whole crypto ecosystem until it proves that it has enough USD backing. BUT I am looking into all possible ways of re-balancing accounts for deterministic arbitrage. I was looking into XRP for Tx speed and low cost, but not all exchanges I'm on has it.

Would gladly like to hear about your experiences with USDT.
If you have any other re-balancing techniques I'd really like to hear about it.

The transactions are free if you send from a Tether.to wallet to another Tether.to wallet or a Tether-enabled blockchain wallet. Everything outside is charged with a fee. Cryptopia, for example, is charging 5 USDT per withdraw.
Also, the transaction time is related to Bitcoin because the fee is paid in BTC.

Perhaps XDG can be a solution for you if you're looking for a low cost TX fee

Thanks for the answer, so tether to tether are free. I'm looking for low Tx fee but mostly speed of execution. Can't seem to find XDG on CMC, you mean DOGE? Care to point me out to their project website please if it aint DOGE.

According to tether official terms, they can control transaction fee only when you transact from tether-tether wallet.
If you are sending from tether to outside, then it is out of their control. It cleary says that exchanges can't have reduction in fee however you can look at one of tether's partner exchange
freewallet. org / usdt-wallet

Do you guys have any suggestions toward re-balancing 2 accounts for deterministic arbitrage?