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Author Topic: How to store Tether?  (Read 1248 times)
elektra
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July 06, 2017, 04:43:42 PM
 #1

I am thinking of maybe putting some profits into Tether to "secure" them, but do they have a wallet for Tether, or how are you supposed to store them? I see they have some sort of mobile app, is that the wallet? Most people I have talked to does not recommend mobile wallets?
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styca
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July 06, 2017, 05:05:19 PM
 #2

I've never really thought about storing Tether long-term. I only use it short-term on the exchanges for when my coin is falling against USD, so that I can buy back in at a lower point. If I wanted the USD long-term, I'd withdraw as fiat.

Sorry I haven't been much help!
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July 06, 2017, 08:05:18 PM
 #3

I am following this post I also want the answer for this question I am also planning to convert few of my BTC to USDT before the segwit but where to store them I don't know so I am also anxious to get the answer of this question.
Dude.Lebowski
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July 06, 2017, 09:06:50 PM
Merited by d5000 (1)
 #4

I am thinking of maybe putting some profits into Tether to "secure" them, but do they have a wallet for Tether, or how are you supposed to store them? I see they have some sort of mobile app, is that the wallet? Most people I have talked to does not recommend mobile wallets?
you have to download and run Omni Core Wallet.

It's a clone of Bitcoin QT that supports all Omni protocol coins if which Tether is.

Omni is to Bitcoin what a token is to Ethereum.

Okay. The old man told me to take any rug in the house.
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July 07, 2017, 04:46:07 AM
 #5

I am thinking of maybe putting some profits into Tether to "secure" them, but do they have a wallet for Tether, or how are you supposed to store them? I see they have some sort of mobile app, is that the wallet? Most people I have talked to does not recommend mobile wallets?
you have to download and run Omni Core Wallet.

It's a clone of Bitcoin QT that supports all Omni protocol coins if which Tether is.

Omni is to Bitcoin what a token is to Ethereum.

I've heard somewhere Tether was centralized, so with this wallet, it's not, right ?

What are the risks to store our money in Tether ?

Omni needs to download the whole bitcoin blockchain or not ?

I'm really interested to tether to store some dollars I don't want to put back in the bank, but I feel completely noob with this altcoin  Cheesy

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styca
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July 07, 2017, 05:41:50 AM
 #6

What are the risks to store our money in Tether ?

One risk is that since the Wells Fargo issue in April, they're struggling to maintain the peg at $1.
It's only moving a few cents either way, but obviously that can easily turn a profit into a loss... so always check the current price before converting coins to/from Tether.
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July 07, 2017, 05:53:43 AM
 #7

Why not exchange it to fiat (USD) instead? to avoid the fees?
Because it worth the same anyway...

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July 07, 2017, 06:50:21 AM
 #8

tether store in your mom tits  Cheesy

Stealthcoin, Ark and Safemoon my life 3 investment failures while bashing Ethereum at 0.20cent. Bye bye
Gaius Cryptus Tradius
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July 07, 2017, 07:05:20 AM
 #9

My question is also about Tether. Why is it that it fluctuates? Basically can you make money swing trading the Tether :O?

StealthCoin1
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July 07, 2017, 07:07:40 AM
 #10

My question is also about Tether. Why is it that it fluctuates? Basically can you make money swing trading the Tether :O?

Swing with your mom tits? I like that  Cheesy

Stealthcoin, Ark and Safemoon my life 3 investment failures while bashing Ethereum at 0.20cent. Bye bye
elektra
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July 07, 2017, 03:15:44 PM
 #11

I am thinking of maybe putting some profits into Tether to "secure" them, but do they have a wallet for Tether, or how are you supposed to store them? I see they have some sort of mobile app, is that the wallet? Most people I have talked to does not recommend mobile wallets?
you have to download and run Omni Core Wallet.

It's a clone of Bitcoin QT that supports all Omni protocol coins if which Tether is.

Omni is to Bitcoin what a token is to Ethereum.

It is this one? : http://www.omnilayer.org/download.html#download

I read you have to download 100gb blockchain though? Is there a stand alone download for it, as syncing from wallets are usually super slow.
elektra
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July 07, 2017, 06:17:12 PM
 #12

Also when using the Omni Core Wallet do you need to send some BTC to the address to be able to store Tether and MaidSafe etc?
styca
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July 07, 2017, 06:26:51 PM
 #13

My question is also about Tether. Why is it that it fluctuates? Basically can you make money swing trading the Tether :O?

Here's why it's struggling to keep the peg: http://bitcoinist.com/dammit-tether-one-job/

And the move to the LTC chain will (unless I misunderstand) allow USDT->fiat USD: http://www.livebitcoinnews.com/tether-will-soon-issue-usdt-tokens-omni-litecoin-network/
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