Quote from: andrew2k on February 12, 2017, 11:14:07 AM

Quote from: Rockie1234 on February 12, 2017, 10:07:50 AM

Quote from: thejaytiesto on February 10, 2017, 04:23:54 PM

Quote from: Z24 on February 10, 2017, 02:50:58 PM

I have only USD with me and want to buy USDT. I do not have any BTC nor any other cryptocurrency. Since USDT is accepted widely I want to buy it but how do I convert USD. Whats the best way to proceed and could anyone share their experience with tether.to?

Kindly guide me.

What do you mean by "USDT" accepted widely? you mean accepted as in accepted to buy other cryptos? because I dont know a single business accepting USDT for payments.

Im not sure but I think the only exchange with relevant USDT volume is Poloniex:

https://poloniex.com/exchange#btc_etc

Im not sure about any way to buy USDT directly with USD, so simply buy BTC then USDT if you want USDT.

The reason USDT is only available on Poloniex is that it is a currency made by them. It was made to make traders' lives easier, they can save their profits in a currency that always has the exact same value as the dollar, minimising risk of losing money through a cryptocurrency decreasing in price. It is fairly well-established and trustworthy, but I wouldn't advise storing Tether for long periods of time, since if Poloniex experiences problems in the future, Tether may be at risk.

So USDT doesn't have its transactions on a blockchain of his own? It can't be considered a cryptocurrency right or can it?

No, it IS a cryptocurrency. Think of it this way, it is a premined cryptocurrency which works on the exact same way: it has a blockchain, and fast transactions. The only difference is that Poloniex ensures its price always remains at that of the dollar. It can also be easily converted to dollars through some feature in the wallet (I think?)