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me_me (OP)
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January 22, 2018, 12:13:20 PM
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Hi,

I am actually a forex trader and have been scalping for a long time.
Met another trader a while back, informed me he buys around 100 bitcoins per day for his small OTC desk here.
I would be interested in buying 30k USDT so i could use it to buy bitcoins

I am already using Coinbase, Kraken, Bitfinex but the limits on them are hard and the transfer takes forever.
Please let me know how thats possible and if there is anyone out there who can sell.

For people who need some compliance, i can provide my proof of income as well as my statements.

"I would be using USDT to buy Bitcoins Smiley "
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Samarkand
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January 22, 2018, 12:23:08 PM
 #2
Quote from: me_me on January 22, 2018, 12:13:20 PM
...
I would be interested in buying 30k USDT so i could use it to buy bitcoins

...


Why would you buy USDT instead of buying Bitcoins directly?
This seems like an unnecessary counterparty risk by using Tether
as an intermediary.

What am I missing here? After all it is possible that Tether is going to be shutdown,
which would leave you exposed to a lot of downside risk if your USDT suddenly become
worthless / lose a lot of their value.

me_me (OP)
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January 22, 2018, 12:26:39 PM
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Quote from: Samarkand on January 22, 2018, 12:23:08 PM
Quote from: me_me on January 22, 2018, 12:13:20 PM
...
I would be interested in buying 30k USDT so i could use it to buy bitcoins

...


Why would you buy USDT instead of buying Bitcoins directly?
This seems like an unnecessary counterparty risk by using Tether
as an intermediary.

What am I missing here? After all it is possible that Tether is going to be shutdown,
which would leave you exposed to a lot of downside risk if your USDT suddenly become
worthless / lose a lot of their value.



Hi, the main reason i was interested in buying USDT was because many exchanges offering BTC at good values do not accept USD, if i have USDT i could use it to buy Bitcoin and then sell Smiley
I was also thinking of checking out alt coins like Litecoin, Ripple to see if i can find some OTC brokers i can sell them to in my country so i was planning to use USDT for that, its been hard to find sellers of Bitcoin lately Smiley
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