USDT simple is dollar, but it is crypto currency.
Don't follow this, USDT isn't the dollar. It's a cryptocurrency which says it mimics the dollar, but if you look at the chart of this coin you'd see that at some points you could lose out on a good amount as it REALLY DOESNT MIMIC THE DOLLAR.
Is it safe to say, that there is not much difference between selling my btc to fiat usd on coinbase to changing them for usdt on binance? Or can someone explain me in simple words the function of USDT ?
if you use coinbase you will get safe way but need to verify your ID
Not a big price to pay, as I'd rather lose some privacy then lose my hard earned money.
its a cryptocurrency that wants to mimic price of a dollar but sometimes the price fluctuate, 1 usdt= 0.99 usd, and sometimes 1 usdt=1.01 usd and other times 1 USDT = $0.89
So it's a dice roll, avoid at all costs.
JUST GO WITH COINBASE DOLLAR AND NOT SOME BS ONE BY AN UNKNOWN ENTITY.