Is Tether (USDT) trustworthy?

[morecoin14]

I'm not sure if others have the same problem with Tether wallet. I've done two transfers from a exchange to Tether wallet. The first one confirmed in blockchain on 2/6/2017 6:36:21 AM, but received the fund in Tether wallet TWO days later after I raised a support ticket. The second one confirmed in blockchain on 2/7/2017 10:41:11 PM, NOT received in Tether wallet yet although I've raised a support ticket on the same day when confirmed. My question is if Tether is trustworthy?

[blockcha1n]

I use Tether to go short on Bitcoin price since a couple of months. There was never a problem. I think your case concerns the exchange not Tether itself. Have you already looked up if your transaction is confirmed on blockchain, too? https://counterpartychain.io/asset/TETHER

[Henkkaa]

I would say Tether is trustworthy, since I have used it myself and never had any problems with it. However I only use it for trading bitcoin short-term: When bitcoin is high, I trade it to USDT, and when bitcoin is low, I trade USDT to bitcoin.

That being said, I have used it for sending and receiving, and never had a delay, so the problem is probably with the exchange you were using.

[morecoin14]

I would say Tether is trustworthy, since I have used it myself and never had any problems with it. However I only use it for trading bitcoin short-term: When bitcoin is high, I trade it to USDT, and when bitcoin is low, I trade USDT to bitcoin.

That being said, I have used it for sending and receiving, and never had a delay, so the problem is probably with the exchange you were using.

1. I'm using Poloniex.
2. I'm 200% sure the tarnsfer has no problem. Because it has been confirmed by 994 blocks by now, if you understand how to use omniexplorer to check the transaction.
3. Tether Support Ticket Opened [#T2888**] last week, no reply by now.
4. I had the same problem for another previous transfer (support ticket [#T7317**]), and their support said "We've checked and your transaction appeared to be stuck in a pending state in the system. We've corrected the issue and you should see it credited to your account properly at this time", it means it stuck in THEIR system! So they could correct it. But does that mean for every transfer I need to raise a support ticket?  
5. Please remember the private key of our Tether wallet isn't held by us.

[klarki]

Do you still have a problem?
Perhaps I can help you.

[artows21]

Tether is quite trustworthy for me since this is an asset, not an actual crypto-currency, with a stable price guaranteed by a company.

[morecoin14]

Do you still have a problem?
Perhaps I can help you.

Yes, still not in my wallet. 1075 blocks confirmed by now. If you want other info, I can PM you.

[morecoin14]

Tether is quite trustworthy for me since this is an asset, not an actual crypto-currency, with a stable price guaranteed by a company.

I thought the same as you, but now I can't find my fund, confirmed by the blockchain, in my wallet for which I have no private key.

[CoM1ner]

Tether isn't a really crytocoin per say. Just a coin that is tethered to the US dollar.

The company basically holds the same stash of money as there are coins $16,000,000 Tethers = $16,000,000 USD in bank. They make money off of the fees that people pay to withdraw (~10% if I remember correctly) into fiat. The great thing about the idea of Tether is that if anyone were to steal Tethers (USDT) from exchanges or some giant hack happens, then they can just essentially do a roll back. This makes it unattractive to steal Tethers in the first place. It is a good way to go from a lot of crypto to USD in times of bear markets without tax implications (minus the US and some other countries).

[thepo1m]

I'm not sure if others have the same problem with Tether wallet. I've done two transfers from a exchange to Tether wallet. The first one confirmed in blockchain on 2/6/2017 6:36:21 AM, but received the fund in Tether wallet TWO days later after I raised a support ticket. The second one confirmed in blockchain on 2/7/2017 10:41:11 PM, NOT received in Tether wallet yet although I've raised a support ticket on the same day when confirmed. My question is if Tether is trustworthy?

I know Tether team have slow response to ticket request but the team is trustworth, if not they would have been found out just like Nubits

[damnMscollec]

Tether is like a fiat currency token, so it is trustworthy, and they have registered company, if you have issue, don't hesitate to contact them.

[morecoin14]

Good. It looks Tether is still trusted? But lets see if Tether can resolve my issue, how long it will take, and if I will need to raise a support ticket for every transcation to my wallet. I will update every day.

So now 2/7/2017 10:41:11 PM transaction, confirmed by 1127 blocks, not in my wallet yet.

[morecoin14]

2/7/2017 10:41:11 PM USDT transaction, 1284 blocks confirmed, not in my Tether wallet yet, and no reply of my last week's support ticket. Not sure where is my USDT, but I'm sure not in my wallet yet. It's today's update.

[morecoin14]

At last my USDT in my wallet today after about 10 days from the transaction confirmed in blockchain. And I was told by the support that they will let their developers know this issue. Lets see if this issue will be really resolved. I'll updae when I do next transfer to my wallet.

[wavespump]

Poloniex and Bitfinex list this USDT, so it should be trustworthy, they have done a lot of research on it, only after that they listed the coin.

http://coinmarketcap.com/assets/tether/#markets

You can see they are trading on those big 2 exchanges, therefore you don't need to worry about it.

[European Central Bank]

You can see they are trading on those big 2 exchanges, therefore you don't need to worry about it.

neither of these exchanges are regulated. they've also both been hacked. they're big operations but a long way from infallible and you have very little comeback if they implode.

[raphma]

i was about to use their service and decided to make some search before... find your topic and this one:
https://bitcointalk.org/index.php?topic=1787853.0

i dont know if they're trustworthy, since i've registered here these were the first time(and second ) i've heard about problems with tether. but since two users have reported problem in the same week i've decided to not use their services, at least not right now..

Poloniex and Bitfinex list this USDT, so it should be trustworthy, they have done a lot of research on it, only after that they listed the coin.

http://coinmarketcap.com/assets/tether/#markets

You can see they are trading on those big 2 exchanges, therefore you don't need to worry about it.

sorry, but that means nothing... remember vcash? "it needs only one confirmation on poloniex! super trustworthy!!" and look what happened...

[_nur]

who owns tether actually I wonder?

are they regulated? since it's "USD"

[European Central Bank]

i dont know if they're trustworthy, since i've registered here these were the first time(and second ) i've heard about problems with tether. but since two users have reported problem in the same week i've decided to not use their services, at least not right now..

this topic and that one are both started by noobs. i've never heard anyone say anything negative about tether before, or much of anything in either direction now i think about it. either way tether are asking for a lot of trust and they haven't done much to convince me i should trust them.

[raphma]

i dont know if they're trustworthy, since i've registered here these were the first time(and second ) i've heard about problems with tether. but since two users have reported problem in the same week i've decided to not use their services, at least not right now..

this topic and that one are both started by noobs. i've never heard anyone say anything negative about tether before, or much of anything in either direction now i think about it. either way tether are asking for a lot of trust and they haven't done much to convince me i should trust them.

agree.
i'm not saying we should trust these two "new" users and stop using tether, like i said, i never heard about any problem with their services. but... right now... i'll wait.