Review on Tether by Toprak Dere
About Tether
I Like dollar so i like tether. It is a cryptocurrency that aims to fix its tether value at $ 1. There is no difference in the value of the coins that are bought or sold. It is not possible for its price to increase or decrease due to the stabilization.
It is a kind of safe to keep the money in tether, since it is not always possible to send money over the stock exchange via a bank or credit card and receive bitcoins. There is not much of any value or loss. It has a volume approaching half a billion dollars. It is easier to exchange other coins 24/7 than on tether. But for coins that are not high in volume, it is a matter of course that first of all, they will turn to bitcoin and buy from there and therefore the commission cut will increase.
tether's platform is designed to be completely transparent regardless of the conditions and when. tether is backed by 100 percent real currencies and is constantly audited.
tether offers the best exchange rates and never charges transaction fees, commissions, etc. does not take
Updated 4 years ago
Rating changed from 4 to 5
The advantages of Tether over other stablecoins can be listed as follows:
Tether is located in closed source software running on the Bitcoin Blockchain or centralized, private databases, rather than a less developed / tested "altcoin" Blockhain.
USDT can be used in an anonymous, decentralized and cryptographically secure environment, just like Bitcoins, ie p2p.
Tether can be integrated with exchanges and wallets as easily as Bitcoin or other cryptocurrencies.
USDT uses a simple but effective structure that significantly reduces risks.
Users can purchase and sell as many times as they want, quickly and at very low cost.
Pros
- stable,fixed to 1$ and 99.7 % backed
- listing on almost all encryption exchanges
- decentralized and have not controlled by countries
Cons
- some exchanges fee is very much for tether
New products
Comments (1)
February 14, 2021
Thank you very much for your evaluation. It was very informative content. Reviews based on such unique experiences shed light on new users. I will follow this practice. With the hope that such comments continue.
