Post
Topic
Board Service Discussion (Altcoins)
Re: USDT wallet
by
leea-1334
on 17/09/2020, 15:42:21 UTC
Hi. I wanna get started with USDT. Can someone please guide me which is best wallet in terms of security n usage ?

Since USDT is an ERC token it has a transaction cost (fuel) and is not recommended to move it on transactions, the right way to use it is by buying and selling on the exchange. If you want to save dollars then do it with real money and not with cripto, but if you want to trade and buy and sell all the time, the use USDT, that way you avoid the bank each time you sell the bitcoins.

USDT is mainly used for trading and kind of that is the whole utility of stablecoins to store value of crypto I guess,,, but I think more people are using it now to send each other dollar payments. I know a lot of crypto services ask for stablecoin payments since everything is priced in dollars anyway. It is okay to transact, just Gas fees so high right now.