Transfer BTC in stable coins

[dirkdekeizer]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

[1714935000]

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[Beerwizzard]

I would recommend you to give your satoshies to your parents, ask them to create an account on some major exchange, maybe pass KYC and then buy some USDT.
The problem is that according to ToS of all exchanges you have to be 18+ in order to perform such financial operations.  Even if you find some exchange that do not require KYC they can easily block your acc if you have any problems. Also sometimes it happens that exchanges implement KYC and freeze all unverified accounts.
Anyway, try to follow the rules.

[seoincorporation]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

Hello dirkdekeizer idk how old are you, and i don't care   i have one solution for you, you can send your coins to kraken, if you dont want to verify your account you will only have a limit of $2k daily for withdrawals, i think that's the solution you are searching for. Good luck.

[BitMaxz]

There are no other coins except for USDT, USDC, and TUSD all other coins are always fluctuate if the market is in the bull market just like today the price is fluctuating.

Well, I suggest you if you want to save your profit in stable coins you must verify your account. There is a local exchange that requires you KYC same here in my country and I used my husband ID including the selfie.

So if you have a friend that has ID or your parents you can use it temporarily so that you have the option to exchange your crypto to stable coin or USD.

[mk4]

Instead of going for Tether(USDT), go for TrueUSD(TUSD) instead, which is an ERC20 token. You can store your TUSD on your Ethereum wallet instead of using USDT on the Tether wallet whereas you need to submit KYC.

Also, you can use the Binance[1] exchange if you aren't willing to submit KYC on exchanges.

[1] https://binance.com/

[dothebeats]

I'd go for mjglqw's suggestion on this one. TUSD is the only option you can go for if you want to avoid the hassle and painstaking process of getting KYC'd. Plus, you get to keep your stablecoins in your own wallet without entrusting the safekeeping into a third-party service which, for me is also sketchy at best. Or better yet, try getting some of your KYC documents ready because sooner or later, you might have to submit your documents if Binance's ToS changed, just as what other exchanges are doing every day.

[Bitinity]

I would recommend you to give your satoshies to your parents, ask them to create an account on some major exchange, maybe pass KYC and then buy some USDT.
The problem is that according to ToS of all exchanges you have to be 18+ in order to perform such financial operations.  Even if you find some exchange that do not require KYC they can easily block your acc if you have any problems. Also sometimes it happens that exchanges implement KYC and freeze all unverified accounts.
Anyway, try to follow the rules.

Instead of giving it to his parents, he can use his parents ID to create an exchange account. I do not think it is illegal thing to do, I have an account which is verified using my wife's ID.
Or just tried to find an exchange without ID verification. Maybe he can try livecoin.net, there are markets for usdc and tusd but the market is so empty

[spadormie]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

If you are not an 18 year old guy and does not have any government IDs you should ask help for your parents. And verify yourself using your parents information to any exchange you trust, I recommend Binance or bittrex. Try exploring the exchange first and learn how change your btc to USDT.

[Mfomo]

Easy give the bitcoin to your elder sibling to
Catch out since you ain’t 18 yet or you should keep holding it till you clock 18 OR Older right now bitcoin is bubbling..

[alisafidel58]

I would recommend you to give your satoshies to your parents, ask them to create an account on some major exchange, maybe pass KYC and then buy some USDT.
The problem is that according to ToS of all exchanges you have to be 18+ in order to perform such financial operations.  Even if you find some exchange that do not require KYC they can easily block your acc if you have any problems. Also sometimes it happens that exchanges implement KYC and freeze all unverified accounts.
Anyway, try to follow the rules.

Instead of giving it to his parents, he can use his parents ID to create an exchange account. I do not think it is illegal thing to do, I have an account which is verified using my wife's ID.
Or just tried to find an exchange without ID verification. Maybe he can try livecoin.net, there are markets for usdc and tusd but the market is so empty

I think OP doesn't want to tell his/her parent that he/she has money over the internet. Op can easily lend his/her parents identification is he/she really wants to. Anyways go for Binance it's the best solution that we can offer you.

[Beerwizzard]

I would recommend you to give your satoshies to your parents, ask them to create an account on some major exchange, maybe pass KYC and then buy some USDT.
The problem is that according to ToS of all exchanges you have to be 18+ in order to perform such financial operations.  Even if you find some exchange that do not require KYC they can easily block your acc if you have any problems. Also sometimes it happens that exchanges implement KYC and freeze all unverified accounts.
Anyway, try to follow the rules.

Instead of giving it to his parents, he can use his parents ID to create an exchange account. I do not think it is illegal thing to do, I have an account which is verified using my wife's ID.
Or just tried to find an exchange without ID verification. Maybe he can try livecoin.net, there are markets for usdc and tusd but the market is so empty

Ofc everyone is doing like that but the fact that underage person is trading on exchange is violating the exchange rules, even if his acc is verified with someone else's ID, which also seems to be a violation of the other rules. In case if exchange will uncover that you  are using your wife's account they may block your acc.

[niisarearning]

There is lots of stable coins usdt , dai , trueusd even more usd equivalent . But investing in potential coins is better I don’t recommend coins . If you want I have already given reply on relating topic. In my country there is lots of exchanges providing facility to convert to local currency equivalent . I hope your country also find one best exchange and keep it in that . Then no need of worry about stable coins.

[faceoff97]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

You can try this open source multiwallet, it can hold multiple stable coins such as:
1. Gemini Dollar (GUSD) - The world`s first regulated stablecoin. Gemini dollar combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators.
2. Circle's Dollar Coin (USDC) - Using Circle`s platform, individuals and institutions can deposit US dollars from bank accounts and convert them into USDC tokens. The equivalent US dollars then held in reserve by Circle`s banking partners.
3. Paxos Standard (PAX) - Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions.

You can have their desktop and androip app here: www.Hodler.tech or have their hardware version here: www.hodker.tech/pro

[Zadicar]

I'd go for mjglqw's suggestion on this one. TUSD is the only option you can go for if you want to avoid the hassle and painstaking process of getting KYC'd. Plus, you get to keep your stablecoins in your own wallet without entrusting the safekeeping into a third-party service which, for me is also sketchy at best. Or better yet, try getting some of your KYC documents ready because sooner or later, you might have to submit your documents if Binance's ToS changed, just as what other exchanges are doing every day.

Binance would really be enough on what's op is seeking but as suggested Kyc thingy should really be prepared out because sooner or later they will surely ask it out.
I'll prefer on converting to TUSD due to less hassle.

[leowonderful]

USDC should work just fine if you're unable to use Tether- there's many stablecoins out there, but USDC and Tether both have pairs on Binance and you should be able to trade BTC to USDC without verification on Binance without verification (though do note there is a 2BTC/day withdrawal cap for unverified users). You can also trade BTC to stablecoins without verification through P2P exchanging on a site like Paxful, though you'll likely get suboptimal rates through a P2P trade.

[glendall]

where do you transfer your balance?
try to use a cold wallet in Android,
and look for a wallet that has an exchange system in it,
like Huobi or coinomi,
so you don't have to bother doing kyc.

[traderethereum]

I think he's right now is confusing what he should do because we give so many suggestions to him. But I agree with all of the answers. My suggestion is chosen Binance and transfer it into TUSD like mjglqw's suggestion. And then you can save it into Ledger that supports ERC-20 too, so you don't have to worry or don't have a problem.

[reda]

The best option you can take your money to any good trading sites like Binance or Bitrex first. Then you need to check the pair value with bitcoin and USDC/USDT/PAX/TUSD. These pairs are the best option to convert your bitcoins to stable coins.
All the time, people wish to invest in Tether only since there are no much coins for a long time.

[mrdeposit]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

Better keep trading on the big known exchanges and avoid dealing with the small bucket-shopers. Market makers always put big spread difference for trading the Bitcoin to USDT during the pump and shortly after the dump. Don't fall to this trap.

[playboy654]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

don't do everything into a stable currency because Bitcoin is also a good investment now to take huge profits so if you convert your Bitcoin investment to stable currency it will not been giving a huge profit so I think investment and Bitcoin will be the best way.

[ranman09]

where do you transfer your balance?
try to use a cold wallet in Android,
and look for a wallet that has an exchange system in it,
like Huobi or coinomi,
so you don't have to bother doing kyc.

I thought of this also, why would he like to transfer on an exchange? He can use a wallet instead. Then he will not need to worry about KYC.

[Sanitough]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

[Tungsten-1]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

Right no one is bound to use it at anytime we are always welcome at market we can buy whenever we get the money we can invest if we are sure about the potential of our coin, our elders are always there to give us suggestion if they are experienced and they know it will give be beneficial for us, but I think it is not possible for bitcoin to become stable.

[monalia]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

Right no one is bound to use it at anytime we are always welcome at market we can buy whenever we get the money we can invest if we are sure about the potential of our coin, our elders are always there to give us suggestion if they are experienced and they know it will give be beneficial for us, but I think it is not possible for bitcoin to become stable.

If you are a right trader you can exchange our Bitcoin to USD in some point because market was not stable so anytime it will fluctuate in crypto market so better we will protect our investment so majority of traders are move to Bitcoin to stablecoin. I hope will never down in next year so that time all are buy and hold for continuously.

[Osarman]

I don't really understand what you mean by you are not 18 and will not be able to convert your Bitcoin to stable coin, I don't think it's only on exchanges you can make conversions, you can also make use of platforms like shapeshift or even the blocktrade to swap between coins in minutes, please go make use of any of this platform I have mentioned, you don't even need to have an account with them to carry out a swap which is so cool.

[bitbunnny]

where do you transfer your balance?
try to use a cold wallet in Android,
and look for a wallet that has an exchange system in it,
like Huobi or coinomi,
so you don't have to bother doing kyc.

I thought of this also, why would he like to transfer on an exchange? He can use a wallet instead. Then he will not need to worry about KYC.

Yeah,  I don't understand the point. Exchanges are not meant to be wallets and they are not secure because of possible hackers attack. So I don't understand why he would transfer coins on exchange. Unless he wants to trade but then again it's strong advice only to have the amount you want to trade.

[maydna]

where do you transfer your balance?
try to use a cold wallet in Android,
and look for a wallet that has an exchange system in it,
like Huobi or coinomi,
so you don't have to bother doing kyc.

I thought of this also, why would he like to transfer on an exchange? He can use a wallet instead. Then he will not need to worry about KYC.

Yeah,  I don't understand the point. Exchanges are not meant to be wallets and they are not secure because of possible hackers attack. So I don't understand why he would transfer coins on exchange. Unless he wants to trade but then again it's strong advice only to have the amount you want to trade.

I think he is confused to explain what he's mean. I think he wants to use stable coins, and we know that there is usdt, tusd, Paxos, Gemini and else. He also mentions about verify which we guess that he cannot verify himself as he is 18 years. So in these situations, he can use the cold wallet for his android phone, or he can use hardware wallet like Ledger Nano or Trezor.

And the first thing that he needs to do is register on Binance, buy the stable coins (he can choose the coin), and then transfer it into the other wallet. But he can also use the stable coin to trade in Binance as in that site, and he doesn't have to verify himself.

He really needs to tell us more details about what he wants so we can suggest to him. Otherwise, we cannot give the proper answer.

[Wexnident]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

Yeah, I did it too since I started trading at 17 after my friend introduced it to me. At first it was good until I need to pass KYC in a certain exchange but student identification card is not valid for verifying so I ended up having guidance to my friend whose older than me and knows about cryptocurrency trading.

[Kelvinid]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

Yeah, I did it too since I started trading at 17 after my friend introduced it to me. At first it was good until I need to pass KYC in a certain exchange but student identification card is not valid for verifying so I ended up having guidance to my friend whose older than me and knows about cryptocurrency trading.

At your young age with crypto engagement, I may think you have that expertise and could really understand the market behavior. But even with that, still no guarantee to escaped from losing. Diversifying our portfolio especially for bitcoin into stable coin is not a good  idea cause we know already that BItcoin have it and there is no need to switch for another one, better to stay with bitcoin at all.

[Reid]

Easy give the bitcoin to your elder sibling to
Catch out since you ain’t 18 yet or you should keep holding it till you clock 18 OR Older right now bitcoin is bubbling..

And do you really think he will give it back once he knew how much the value of that bitcoin you just gave him?
I dont think so.
That is not a wise move.
Better just look for new options.
Binance though is giving a starter pack of 2 bitcoin withdrawals to any coin.  Better look at their android application and it might come in handy.

[ongkok87]

Easy give the bitcoin to your elder sibling to
Catch out since you ain’t 18 yet or you should keep holding it till you clock 18 OR Older right now bitcoin is bubbling..

And do you really think he will give it back once he knew how much the value of that bitcoin you just gave him?
I dont think so.
That is not a wise move.
Better just look for new options.
Binance though is giving a starter pack of 2 bitcoin withdrawals to any coin.  Better look at their android application and it might come in handy.

binance is a very good exchange if I think the problem is that we make exchanges quickly and easily so that many people use them to exchange tools

[whirlcoin]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

yes the people are thinking the surety will be e very low with their investment and Bitcoin but if we transfer every investment to a stable currency it will not grow anymore so don't do every thing to a stable currency used half of it to a bitcoin investment because it will be more profitable than any other thing.

[mersal]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

I don't think it will be a good decision right now because Bitcoin is the most useful way of money making so if you transfer Bitcoin into some other stable investment I definitely sure it will not been profitable as like you are holding with your Bitcoin for the long time in the future.

[Best Dreams]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

Yeah, I did it too since I started trading at 17 after my friend introduced it to me. At first it was good until I need to pass KYC in a certain exchange but student identification card is not valid for verifying so I ended up having guidance to my friend whose older than me and knows about cryptocurrency trading.

Exactly as student card is not valid but I am sure in future people will not have to face this problem,, KYC being use by some exchanges for the sake of security and it is important too, bitcoin is the most unstable coin and it will help us to avoid sell at panic, you can start with some other exchange which can help you become a good trader.

[Ucy]

There are no other coins except for USDT, USDC, and TUSD all other coins are always fluctuate if the market is in the bull market just like today the price is fluctuating.

Well, I suggest you if you want to save your profit in stable coins you must verify your account. There is a local exchange that requires you KYC same here in my country and I used my husband ID including the selfie.

So if you have a friend that has ID or your parents you can use it temporarily so that you have the option to exchange your crypto to stable coin or USD.

There are quite a number decentralized stablecoin like dai, havven he/she can choose from... They probably would be his/her best option. Not sure if there is any easy way to store  DIA stablecoin for example. He could use ethereum based decentralized exchanges like forkdelta or Etherdelta. But he needs to convert his Bitcoin to Ethereum first before he could convert the ethereum to DAI  coins. 
This requires no kyc at all

[guoyu78]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

So many young people have been showing interest in Bitcoin lately because of fear of missing out FOMO the lucrative opportunity and I think that it is not going to be very easy for them to get through this all because you need to have some good knowledge about it and I think that the age factor could be bypassed as well by sending it to an exchange like Binance and then selling it for any coin you love to own.

But, BTC has been on the rise, why would you think of transferring it ? Personally I will not. Because I hate shorting bitcoins for my own benefits reasons. I love bitcoins and I want to support it by holding and I believe shorting in any format may question my faithfulness toward bitcoin ecosystem.

[pinoycash]

Age restriction can be bypass, you send your coins at Binance and sell it for USDT, problem solve.
Since you are still young, you can ask for further guidance from your parents, at least they know better the legal aspects in trading or in crypto.

So many young people have been showing interest in Bitcoin lately because of fear of missing out FOMO the lucrative opportunity and I think that it is not going to be very easy for them to get through this all because you need to have some good knowledge about it and I think that the age factor could be bypassed as well by sending it to an exchange like Binance and then selling it for any coin you love to own.

But, BTC has been on the rise, why would you think of transferring it ? Personally I will not. Because I hate shorting bitcoins for my own benefits reasons. I love bitcoins and I want to support it by holding and I believe shorting in any format may question my faithfulness toward bitcoin ecosystem.

Yeah, ive seen and talk to 13 year old boy that already made a career from joining different bounty campaigns and participating in different crypto airdrop projects and i am impress that they started young and already making some extra money for themselves.

[jhongzjhong]

But, BTC has been on the rise, why would you think of transferring it ? Personally I will not. Because I hate shorting bitcoins for my own benefits reasons. I love bitcoins and I want to support it by holding and I believe shorting in any format may question my faithfulness toward bitcoin ecosystem.

Correct, you can divert your bitcoin into stable coins once it is going down the bitcoin price and once you are diverting this you are safe from having a loss. This strategy is very useful because at that point you can stop your lose but when bitcoin continue raising and stable coins are possible will drop a little just because of the dollar value. So, while bitcoin keep growing it doesn't make sense if you divert to USDT.

[kararigoo1338]

This one is open for everyone:

[Mezounbanned]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

Hello dirkdekeizer idk how old are you, and i don't care   i have one solution for you, you can send your coins to kraken, if you dont want to verify your account you will only have a limit of $2k daily for withdrawals, i think that's the solution you are searching for. Good luck.

I think this is changed for Kraken. Now the ask thorough KYC to be able to withdraw.

[Mezounbanned]

You can transfer to the platform where you can convert them and keep it with some annual return. Check Nexo, Bitrue.

[Mame89]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

If you want to exchange your BTC to stable coins, I think that is the wrong choice, do you not notice that currently the price of BTC is starting to crawl up on the market and other altcoins and I think it's better to just keep it and wait until the market arrives bull.
sorry this is just my personal opinion but the decision is your choice or do an analysis again so you can understand the market conditions and be able to take advantage of the situation.

[vucuong16101997]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

You can use USDT, USDC, and TUSD .. As for me, BTC is still a coin that can help you increase your money in the future.

[diazepam666]

Hi

I want to transfer my btc in a stable coin.

Does anyone has suggestions?

I know USDT, I tried it but I need to verify myself via the wallet etc. and I am not 18. (or are they maybe different wallets?)

Thanks

You can use USDT, USDC, and TUSD .. As for me, BTC is still a coin that can help you increase your money in the future.

Looking about the current trend marketplace is need to be saved our funds in BTC or ETH only.

Those stable coins are not at all needful now maybe if you strongly believe the bitcoin price will drop equivalent to the USD. Then think well about the cryptocurrency worth with your own prediction and sell it for USDT or USDC.

[okala]

What is a stabycoin to you, because as far as cryptocurrency industry is concern there is nothing like stable coin because the market is highly volatile and unstable that is why it call a decentralized currency. No coin can be call a stable coin.

[lavara]

Hi, for any age you want to work out or keep your bike .In the choice of coins, of course you decide.There are coins in the top 100, and there are new coins: choose a good project, check that it is reliable and buy some at the start. I work this way according to this scheme - now I am working with one project - I think there will be a good profit here.

[Lassie]

I would suggest trading your coins to TUSD, you can trade it on binance.com and they doesnt require KYC and you can also just store it on your erc20 compatible wallet