1 BitShares equals 0.002 USDT
To buy BitShares using Tether, first, find a cryptocurrency exchange that supports the BTS/USDT trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the BTS/USDT pair on the trading platform and place an order to exchange your Tether for BitShares. If the BTS/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for BitShares. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell BitShares for Tether, first, find a cryptocurrency exchange that supports the BTS/USDT trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your BTS into your exchange wallet. Locate the BTS/USDT pair on the trading platform and place a sell order to exchange your BitShares for Tether. If the BTS/USDT pair is unavailable, you can first sell BitShares for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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BitShares (BTS) was launched in 2014 by Dan Larimer to create a decentralized financial platform operating on a blockchain. It functions through a Delegated Proof-of-Stake (DPoS) consensus algorithm, enhancing security and speed. BitShares is significant for its decentralized exchange (DEX) feature, allowing users to trade assets without intermediaries. Additionally, its built-in smart contracts facilitate the creation of various financial services. The ease of converting BTS to other cryptocurrencies via integrated gateways enhances its adaptability within the broader crypto ecosystem.
Tether (USDT) was launched in 2014 by Tether Limited to bridge the gap between fiat currencies and cryptocurrencies by maintaining a 1:1 peg with the US Dollar. Operating on multiple blockchain platforms, its value is backed by fiat reserves, providing stability and reducing volatility common in other cryptocurrencies. Tether plays a significant role in the crypto market, facilitating seamless trading and liquidity across exchanges. Its ease of conversion to various cryptocurrencies makes it a preferred choice for traders seeking a stable medium for transactions and hedging against market fluctuations.
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