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Re: so what to do with USDT ?!
by
gentlemand
on 07/05/2020, 19:03:07 UTC
unfortunately most of those regulated exchanges r either not supported in my country or look really suspicious to me ! no need to get into details, but i cant even activate my account on bitstamp because my country is not listed there ! coinbase is NOT supported where i live, so am down to kraken now and i have a simple question, is working with them as simple as:-

- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.

plz clarify this to me,

thanks,

If Kraken is your main choice then you're in luck. Kraken is also one of the very few exchanges with a direct USD/USDT market. You can send your USDT straight there and exchange it for USD. No need to lose extra in trading fees and volatility. Kraken's USD set up is pretty creaky compared to elsewhere but at least it exists.

https://trade.kraken.com/charts/KRAKEN:USDT-USD