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

[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.