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.

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

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.

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

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.

@OP yeah, I first encounter USDT only in Poloniex and I wonder what it means. Thank you for this clear explanation about USD Tether. Since it is only in Poloniex meaning you cant withdraw it?