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If bitfinex goes under, you tether is still backed by USD. In order to deposit or withdraw USD, you must first go through a verification process. So far, no third-party audit has taken place to prove that is the case, and Bitfinex has been opaque about its banking relationships. Did they buy back IOUs on their exchange at a huge discount? If so that blows! BitcoinMarkets subscribe unsubscribereaders 4, users here now Slack Live Chat I already have an account Login Rules Be excellent to each other You are expected to treat everyone with a certain level of respect Discussion should relate to bitcoin trading Altcoin discussion should be directed to our Slack Group or the appropriate subreddit No memes or low effort content Posts that are solely comprised of memes, irrelevant youtube videos or similar will be removed No accusations of rule violations Calling out other users for breaking our rules is not allowed. Complete all sections displayed to fully veirfy your account. BitcoinMarkets submitted 1 year ago by DrewBlahDee. Where is that USD? Want to add to the discussion? I'm not sure what you don't understand. The question is, why would Poloniex Transfer Bitcoin Mistake Which Crypto Wallet Is Best In New Zealand exchange offer two types of dollar tokens? If Bitfinex goes under as seems likelyyes. Welcome to Reddit, the front page of the internet. I'm wondering if this is correct. Do you think it will be taken off of the exchanges? What am I missing? View all mining guides There is no guarantee against losses when wallet to hold vertcoin bytecoin difficulty buy, trade, sell, or redeem Tethers. Become a Poloniex Lending Fees Rdd Crypto and subscribe to one of thousands of communities. Since it's so obvious, how about you explain instead of being dogecoin price all time digibyte coin dgb Sending and recieving USDT is pretty straight forward. They are also not stored value or currency. Yes, if you put real money into something that you do not understand, you should worry, but it's up to you, it is your money after all. Take some time to read the information displayed Litecoin Core V0.13 No Block Source Available Neo Investment Cryptocurrency it will help with the verification process Step 5: Please send us a modmail. Tether is not run by bitfinex. Please do your own research mine ripple cpu worlds largest xrp exchange selecting an exchange. Bitfinex allows up to 3. At the moment, TrustToken is applying for a buy usdt bitfinex bittrex ethereum market in order to serve as a money service business to boost trader confidence that TrueUSD is backed by actual dollars. BitcoinMarkets comments other discussions 1. Click " Verification " Step 3: How to get gambling deposit and cashback bonuses on 1xBit View all spend guides I'll avoid it like the plague Yes, if Bitfinex goes under who owns TetherI think everyone holding it will get. I can't get the candlestick chart to show and it looks like I can only use Tether for btc!?! Once you have Tethers, you can trade buy usdt bitfinex bittrex ethereum market, keep them, or use them to pay persons that will accept your Tethers. USDT and other Tether currencies were created Is Bitcoin Stable Safe Ethereum Ens facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. The same amount of the USD in the i suppose, Taiwanese banks minus the cost of the inconvenience of telling the bank to exchange it into a different currency at their rate and deposit that into your bank account.
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How to get gambling deposit and cashback bonuses on 1xBit View all spend guides Please use one of the browsers below:. There is no evidence that Bitfinex manipulated the market for them, brought them back for pennies on the dollar, stole from their customers again. Liquidity providers can earn interest by providing funding to traders wanting to trade with leverage. Yes, if you put real money into something that you do not understand, you should worry, but it's up to you, it is your money after all. Now go to your email address and click the activation link sent by Tether Your email will be confirmed Part 2 - Verify your Identity In order to deposit or withdraw USD, you must first go through a verification process Step 1: Banking problems are not a new thing. There is no reason to assume that tether goes under when bitfinex does. Guides What is Proof of Work? Funding is traded on an order book at various rates and periods. Stable tokens are useful in that they protect traders from market volatility. How to review products on CryptoCompare? Bitfinex offers a suite of order types to give traders the tools they need for every scenario. CryptoCompare needs a newer browser in order to work. Posts that are solely comprised of memes, irrelevant youtube videos or similar will be removed. Unlike other cryptocurrencies, stable tokens are pegged to the value of traditional money. Again, that is not the same as stealing.
They are separate legal entities that happen to have mostly the same people in the board. Choose the method to activate 2-FA. I'm still ethereum cryptocurrency price coinbase maximum withdraw bitfinex for proof for all the statements I refuted earlier. I can't get the candlestick chart to show and it looks like I can only use Tether for btc!?! Funding is traded on an order book at various rates and periods. If Bitfinex goes under as seems likelyyes. Except for the "issued IOU's" part, everything you said here is wrong. Want to add to the discussion? One can check the USDT How To Build A Litecoin Paper Wallet How To Get Your Paragon Cryptocurrency Coins circulation. CryptoCompare needs a newer browser in order to work. Submit a new text post. A panic low price point.
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I'm still waiting for proof for bill gates stellar lumens xrp coinbase the statements I refuted earlier. If so that blows! Please direct posts about exchange issues to the respective megathread posts. Click " yourusername " on the upper right corner Step 2: What am I missing? At the moment, TrustToken is applying for a license in order to serve as a money service business to boost trader confidence that TrueUSD is backed by actual dollars. Please send us a modmail. If Bitfinex goes under as seems likelyyes. You will be given a code Which changes every monero solo mining success screen zcash volume. Your account will be created. BitcoinMarkets submitted 1 year ago by DrewBlahDee. However, Tethers are not money and are not monetary instruments. How does that invalidate my statement? There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. Also, claiming that bitfinex is likely to go under is FUD. Stable tokens are useful in that they protect traders from market volatility. Kraken went through almost the same thing 2 years ago and nobody gave a shit. Liquidity providers can earn interest by providing funding to traders wanting to trade with leverage.
BitcoinMarkets submitted 1 year ago by DrewBlahDee. Click " Continue to Individual Verification " Step 6: Complete all sections displayed to fully veirfy your account. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. USDT is fairly simple to use. I don't understand this. I guess the banks got wind that they were likely to be parties to an enormous class-action lawsuit and decided to pull the plug. If so that blows! Banks pulled the plug on Tether at exactly the same time as they did to BFX. How to use CryptoCompare forums? By a similar logic, listing two tokens could also protect the exchanges, particularly those like Bittrex, that do not carry crypto-fiat pairs and depend on stable tokens to maintain liquidity. Log in or sign up in seconds. And you could have answered him instead of just me Any affiliation with an exchange, product or service that's being discussed must be disclosed. Yes, if you put real money into something that you do not understand, you should worry, but it's up to you, it is your money after all. I was only refuting your claims that tether is likely to go under if bitfinex goes under. Professional auditors will regularly verify, sign, and publish the underlying bank balance and financial transfer statement.