I almost understand the whole thing but I have a few questions.
Can you use Tether without verification?
If not, how long does it take to get verified?
Can you withdraw your USDT straight to your bank account?
If yes, how long does it take to end up available in your bank account?
Also some banks in the US, Canada, and UK hate bitcoin and cryptocurrencies in general. Will they freeze the funds if they find out it is related to bitcoin?
Thank you for your help.
It's a cryptocurrency so you will not be able to deposit it into your bank account--I've traded BTC and XMR for it on Poloniex to lock-in a gain and avoid slippage when those markets seem on a downturn.