Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using Bittensor, first, find a cryptocurrency exchange that supports the USDT/TAO trading pair, such as Binance or Bitmart. Create an account, verify your identity, and deposit your TAO into your exchange wallet. Locate the USDT/TAO pair on the trading platform and place an order to exchange your Bittensor for Tether. If the USDT/TAO pair is unavailable, you can first exchange Bittensor for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Tether for Bittensor, first, find a cryptocurrency exchange that supports the USDT/TAO trading pair, such as Binance or Bitmart. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/TAO pair on the trading platform and place a sell order to exchange your Tether for Bittensor. If the USDT/TAO pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bittensor. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez
A post by William Parvez