1. I just need the value of BTC in US Dollar for a presentation. UPDATE: Account Verifications (02-02) Join the Community (02-02) Get the Binance.US App (02-02) UNI / USDT. Refer. I can see BTC-USDT. Here is the reservation process. Who does Irenaeus call "a certain person among the ancients"? Trade. My returns mean shit if USDT belly flops. By using our website, you agree to the use of cookies. Bitfinex) have had BTC-USD for ages. This means you’ll be able to borrow 20 000 USDT from the exchange in addition to your 10,000 USDT. Stack Exchange network consists of 176 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. The maximum amount of leverage available for users depends on the notional value of their position. Binance Savings Service; Binance offers Binance Savings, a service to provide Users with value-added services for their idle Digital Assets. For example, a 1 percent increase in BTC’s price would mean BULL, the BTC leveraged token, will increase by 3 percent. Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Now you have 30,000 USDT to trade, meaning you could make more profit as you trade higher volumes. Is it reasonable to ask to work from home when I feel unsafe due to the risk of catching COVID on my commute and at my work? Resources. Therefore, the number of cryptocurrency units issued corresponds to dollar reserve held by Tether Limited. All the power of Binance's cryptocurrency exchange, in the palm of your hand. Binance currently supports the most widely accepted stablecoins and is also one of the biggest holders of Tether (USDT), the most widely used dollar-pegged coin. The license agreement mentions that this cryptocurrency isn’t fiat money in its electronic form. Pair: BINANCE:OCEANUSDT == SPOT== ⏰ 1400/01/26 ⏰ 15/04/2021 Duration: SHORT - MID Ex: Binance #145 Buy :1.69 - 1.74 Sell Targets TP1: 1.94 TP2: hidden TP3: hidden TP4: hidden TP5: hidden ️ ⛔️ SL: 1.53 By closing 4 hrs. Anyway, to answer your question, yes, USDT is probably the closest to representing the value of an actual dollar, but, as i said, it is NOT an actual dollar, and you should be really careful using them, or preferably; not use them at all. Powerful crypto trading platform for those who mean business. level 2. Each stable coin has a unique mechanism. These cookies will be stored in your browser only with your consent. A special feature of the Tether cryptocurrency is that each coin is backed by a US dollar. level 1. 2. Binance is the best place to buy, sell, trade, and hold USDT TOKENS easily. What is Tether coin? We'll see trading opportunity on #UNI and #Bitcoin and other futures pairs on binance right now!! And among stablecoins stands Tether (or USDT), both loved and dreaded, still bigger than any other stablecoin. According to the developers themselves, coin holders shouldn’t completely associate coins with dollars. We can see that Binance and Huobi hold the most USDT by a large margin. rev 2021.5.19.39341. Liability if someone is hurt on my property, Coloring positive integers 'black or white', Simulating an unbiased coin with a biased one. I am not involved in trading cryptocurrencies so would not hold USDT. These cookies do not store any personal information. Binance’s OTC platform caused an uncomfortable brush-up with Alipay. What is USDT on Binance? It is mandatory to procure user consent prior to running these cookies on your website. To explain in simple terms, here's an example: a) You have an initial capital of 1000 USDT, that you decide to move to your margin wallet. The Binance crypto trading experience, tailor … Report Save. It has a great reputation amongst traders of all shapes and sizes – which is why it is often the go-to platform to buy and sell digital assets. How to get BTC and ETH prices from Binance in Google Sheets? It only takes a minute to sign up. The same company ensures the safety of funds in dollars as long as their own cryptocurrency is used and mined on the Internet. There are two choices with our ProfitFarmers signals, Bitcoin or USDT linked pairs. The strange transactions were mentioned on the Internet with a movement of 300 million USDT. All tokens are designed for 3x leverage, meaning they give 3 times the results of BTC or ETH. Why is binance so different? Download the Binance mobile crypto trading app today. The exchange has already issued a British pound-backed stablecoin to work on its decentralized exchange , Binance … Binance US. Tether has been around for a while, with the first USDT “minted” in 2014. Is this the closest one to trading BTC-US dollar? This exchange is the largest in terms of exchanging cryptocurrencies. Just share your knowledge in the comments! Where Are the Whales? Get the latest news and updates or level up your trading skills. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Another feature of using USDT is that developers apply the Proof-of-Solvency alternative using the Proof-of-Reserves method. There is one key difference between this service and the Tether wallet. — Binance Research (@BinanceResearch) June 15, 2019. To open a Binance account with a 20% fee discount, click this link or visit our guide on how to open a Binance account. 14hrs later I … Binance.US Blog. Bitcoin is currently up 2.28% on the daily, trading at $10,326 after a major leg up yesterday from $9,800. Refer. In order to buy Tether (USDT) on Binance, you first need to open an account. This category only includes cookies that ensures basic functionalities and security features of the website. There are no fees when depositing crypto assets on Binance with Bitcoin (BTC), Tether (USDT) and Ethereum (ETH). Binance as a trading platform is home to the largest amount of daily volume and liquidity in this industry. https://blog.switchere.com/what-is-usdt-crypto-what-should-you-know USDT is instantly issued as soon as a user transfers the dollar equivalent to the company’s account; As soon as the sum is withdrawn to a user’s account, the coins are canceled; USDT is a cryptocurrency that can be stored and used in the same way as Bitcoin, Litecoin, or any other cryptocurrencies that function according to the same rules; Users have a right to store purchased or mined coins in wallets that have Omni Layer support. Binance US. How does it actually work? There are a number of stable coins in circulation nowadays with several attempts to be stable. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. At present, the rate of the cryptocurrency can fluctuate by no more than 2-3%; Each stablecoin in its face value is equal to a unit of a particular currency. Explore the Community. To subscribe to this RSS feed, copy and paste this URL into your RSS reader. Connect and share knowledge within a single location that is structured and easy to search. By clicking “Accept all cookies”, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. bitcoin.stackexchange.com/questions/95483/…, Podcast 339: Where design meets development at Stack Overflow, Using Kubernetes to rethink your system architecture and ease technical debt, Testing three-vote close and reopen on 13 network sites, The future of Community Promotion, Open Source, and Hot Network Questions Ads. Dual license (GPL: my contribution, MIT: others' contribution) in an open source project? Comment deleted by user 12 months ago 0 children. In this short video i explained how you can convert your BTC to USDT trading on the Binance platform. Trading Fees. Whales are known for being market movers by being able to unload or pump large amounts of tokens and overwhelm order books. So far so good. Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. So other exchanges (e.g. They say my case had been escalated to Security and ask me to kindly wait for roughly 12hrs, my case is once again being "review" just like the last time a month ago. We use cookies to optimize site functionality and enhance your user experience. What other interesting facts do you know? Institutions. Find the latest Tether USD (USDT-USD) price quote, history, news and other vital information to help you with your cryptocurrency trading and investing. Why does Binance use USDT instead of USD? According to technical documentation, the Tether cryptocurrency has the following features: What is Tether USD? In order to store USDT, you need a wallet. Register on Binance. In the process of creating the coin, the Omni Layer protocol was used. Buy Crypto. QGIS identify tool not working on selected layer. Surely every user who has already dealt with cryptocurrencies has come across USDT. A “whale” address is considered a non-exchange address that holds enough tokens to be within the top 40 addresses. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Necessary cookies are absolutely essential for the website to function properly. Binance US. Command not found in zsh, but found in bash. Save my name, email, and website in this browser for the next time I comment. Your email address will not be published. Resources. Available in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more. To learn more, see our tips on writing great answers. Last Price — 24h Change — 24h High — 24h Low — 24h Volume — groups. The site has a fairly user-friendly interface, and exchange commission is only 0.5%. Tether (USDT TOKENS) is a cryptocurrency issued on the Bitcoin blockchain. Careers. Asking for help, clarification, or responding to other answers. On Binance Futures, traders can trade with leverage between 1-125x on our crypto perpetual contracts (20x by default). Visit the Blog. binance seems to have BTC-EUR but no BTC-USD. Since the USDT is pegged to the dollar, this cryptocurrency will receive increased attention from government authorities; In the event that the dollar is subjected to inflationary processes, the value and reliability of the USDT will also be compromised. USDT is a blockchain-based Stable Coin that is used for trading for $1 USD. Join other Binancians for discussions in our community. You can create it on Binance which is suitable for long-term storage. However, other recent activity from Binance could point to continued opportunities to profit off of China’s USDT premium and the apparent high liquidity in USDT/CNY markets. How sound is the doctrine in Dante's Inferno? ), I'd be extremely interested. It is similar to your regular bank savings account. Anyway, to answer your question, yes, USDT is probably the closest to representing the value of an actual dollar, but, as i said, it is NOT an actual dollar, and you should be really careful using them, or preferably; not use them at all. A quick google search on the topic will give you a wide range of articles why they're so controversial. What does USDT stand for? USDC is governed by Centre, a membership-based consortium, of which Circle and Coinbase are founding members. By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy. Therefore, a post has just appeared on Whale Alert’s Twitter account which stated that cryptocurrency exchange Binance has transferred 300 million USDT to Tether Treasury on the Bitcoin blockchain. Binance does charge a 0.1% fee for trading on the platform, meaning that your price will depend on the amount of the trade you make. There are many ways to buy Tether on the market. Trade. Let’s try to find out! What is Tether (USDT TOKENS)? So what’s the main difference between the two? USDT TOKENS is a stablecoin, a cryptocurrency designed to maintain a stable market price relative to assets to which it is pegged. How they are able to represent the euro in the first place within their exchange/framework, i don't know. I could always liquidate it, it's a real dilemma as I am hoping to grow my USDT capital until it hits critical mass to increase my trade efficiency (and then I'll slowly liquidate a little at a time) but I need time to get there.

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