Difference between BTC/USDT and BTC/USD

[WazY]

Hello,

Some brokers does not have BTC/USD, but they have BTC/USDT or BTC/USDC.

My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT? 


Have a great weekend everybody.

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[Lhaine]

If you are asking for profit that you will get in trading then there is no difference . The only difference is the USDT is a tokens  that you will get in exchange once you convert your BTC to USDT . USD is the US currency while USDT is a tokens with equal value to USD.


Want to know more? Red this https://tether.to/faqs/

[WazY]

Thanks for your reply.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

[Krabby]

Hello,

Some brokers does not have BTC/USD, but they have BTC/USDT or BTC/USDC.

My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT? 


Have a great weekend everybody.

USDT / USD pair is there and we can still make a profit by trading on this pair. You may notice the price of Bitcoin, every time Bitcoin increases, the price of USDT decreases, but when Bitcoin decreases, it is the opposite. So you can wait for the price of Bitcoin to rise, use USD to buy USDT, then wait for the price of Bitcoin to decrease, then sell. This trading strategy has a very low return but also very safe, we need a huge amount of capital to make a good enough profit.

[Tytanowy Janusz]

Thanks for your reply.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

in order not to worry about meeting a series of strict guidelines that would have to be met while maintaining a legal tender. It is also preferable by many traders to not have to worry about reporting each transaction to the tax office for tax purposes. BTC/USDT is crypto/crypto transaction not crypto/Legal tender so potential profit / loss in many jurisdictions is not subject to taxation.

[palle11]

Thanks for your reply.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

I might say here that is a matter of choice, preference from traders or the pair that the exchange think can have more profit through leverage or margin when a trader makes up an order. But it is not compulsory that all pairs will be found in a particular exchange. Is preference for them too depending on what profit they make. The exchanges are not charity organizations  

[2double0]

Thanks for your reply.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

Take USDT to be seen as a shadow for USD, it works like USD as it is pegged to it and will always cost equivalent to USD. Some brokers do not take the fiat payments directly and choose USDT over USD to keep themselves out of the fiat based regulations they might face if they allow fiat deposits whereas USDT is a token with 1:1 ratio to USD (fiat).

[seleme]

Depending on the exchange, the USD fiat equivalent can be offered in tokens or in the fiat value of the USD currency. Some exchanges use general USD value which can be converted to both crypto and fiat instantly. I advise using the USDT for day trading and if there is no exchange commission holding USD for the long term is a better idea than taking token value. The USDT is my last preference if there are alternative choices for the mentioned reasons and I prefer to hold the fiat value of tokens in this altcoin.

[DoublerHunter]

^ That is a very simple question. USD is a fiat currency that has supported by the bank or known as here fiat while the USDT is the digital cryptocurrency that back by USD value and the ratio is 1:1. If you wanted to know which exchange that has supported with USD withdrawal or deposit, here is the list and kindly check all of them. https://www.bestbitcoinexchange.net/usd/, I recommend Binance. Nevertheless, if you are using USD for sure it will be linked to your credit card that probably your real identity will reveal.

[Joel_Jantsen]

My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT? 

There is no direct difference, but indirectly yes! If the value of the cryptocurrency goes up, the value of fiat currency that is USD will go down. In simpler terms, you could buy 1 BTC for $40  years ago and now you have to pay $15k+ to buy 1 BTC. As long as your BTC-USDT/USD is concerned, you can't buy USD from a digital exchange. You can either convert it or liquidate it.

[Myleschetty]

Hello,

Some brokers does not have BTC/USD, but they have BTC/USDT or BTC/USDC.

My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT?  


Have a great weekend everybody.

Theres not different in terms of there profit since they are all trading pair used by exchange site but it better to go for the stablecoin which have the most liquidity on the exchange youre using. However, the reason why USDT was supported the most is because it the first stablecoin while USDC was supported because it was created by respected team but decentralized stablecoins are the best.

[nelson4lov]

Hello,

Some brokers does not have BTC/USD, but they have BTC/USDT or BTC/USDC.

My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT? 

I don't know the reason why some brokers has the BTC/USD pair and others don't but I think it might be due to regulatory hurdle. Some of this exchanges don't have the jurisdictions to open up their services to US users. I think that's why Binance doesn't have USD pairs but Binance.us should have it (not sure). For this reason, exchanges have to look for alternatives - stablecoin projects like USDT and USDC since they're are pegged to USD.

That said, they'd all work just fine.

[mahilchii]

USDT can be considered as USD of crypto market as it's value is equivalent to value of USD and trading with USDT pair is hassle free than accepting USD directly as dealing between USD and crypto directly might put trader under regulatory scanner. At the end of the day it's trader's choice wherein he/she would be trading with the pair which is feasible and more profitable and easier for them.

[crzy]

Thanks for your reply.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

Maybe a regulations issues with regards to this one since USD is a fiat money while USDT is a cryptocurrency. There’s a lot of difference with these two and exchanges are offering a good pair that is qualified for them which I think is find, just trade with your own research and you’ll see the difference with this pair.

[gentlemand]

in order not to worry about meeting a series of strict guidelines that would have to be met while maintaining a legal tender. It is also preferable by many traders to not have to worry about reporting each transaction to the tax office for tax purposes. BTC/USDT is crypto/crypto transaction not crypto/Legal tender so potential profit / loss in many jurisdictions is not subject to taxation.

Anyone who thinks that had better double and triple check down their local tax office. In the US and UK at least there is absolutely no difference between moving into USD or USDT. Both are classed as a disposal.

I'll bet there are thousands upon thousands of traders who have unknowingly run up humongous tax bills believing they're somehow immune because it's crypto. Not so. Hopefully they'll get away with it.

[Insanerman]

Hello,
Some brokers does not have BTC/USD, but they have BTC/USDT or BTC/USDC.
My question, is the any difference (in term of day trading profit) between BTC/USD and BTC/USDT? 

To sum everything up, here's a simple explanation:
BTC - Crypto
USDT - Crypto
USDC - Crypto
USD- Fiat.

Any of the mentioned currency above can be paired and be exchanged. Brokers (or Exchangers in crypto terminologies), such as Binance, offers both crypto and fiat exchange. And lastly, there are little to no difference at all, USDT and USDC is backed by USD but doesn't mean it really keeps with the price of USD, there can be some time of delays, hence exchanging any pairs would still make the same profit.

[Little Mouse]

Both are same and equivalent, both are centralize. USDT and USDC is stablecoin pegged to USD. So, no worries.

Why do you think that some brokers does not have BTC/USD? For example, Binance. They have BTC/USDT and BTC/USDC but not BTC/USD.

Because USD deposit methods are very few when it comes to international business, there are regulations too.

USDT - Crypto
USDC - Crypto
USD- Fiat.

All threes are same man, they look like crypto but they are not. They are centrally controlled, risk are there.

[Findingnemo]

USDT,USDC,DAI,etc are available here as stable cryptocurrencies which is promised to have the value of 1 USD per unit. So you no need to convert fiat all the time when you want to trade for fiat value,you can choose a stable coin which saves a lot of time and transaction time.

[Dorodha]

The difference between BTC USDT and BTC USD is that USD coins are a service to tokenize US dollars and to facilitate their use through internet and public blockchains. In addition USDC tokens can be returned in US dollars at any time. The issuance and redemption of USDC tokens has been confirmed through the ERC-20 Smart Agreement. A stable currency is a cryptocurrency that is pegged to stable assets like gold or other fiat currencies. The USD coin is a stable one associated with the US dollar is operated by Circle and Coinbase.

[Peanutswar]

USD is a fiat currency, USDT is a cryptocurrency the price of the usdt is a stable coin and the value is just $1. This helps the user to have a fiat currency to cryptocurrency just using the same value of it. Still, not only the USD tether you can use as a stable coin because DAI is also the same price as the USD, but mostly the common pair in exchange is BTC/USDT