Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
Platform | Tether | Bitcoin Cash |
---|---|---|
YouHodler | 1 USDT | 0 BCH |
To buy Tether using Bitcoin Cash, first, find a cryptocurrency exchange that supports the USDT/BCH trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your BCH into your exchange wallet. Locate the USDT/BCH pair on the trading platform and place an order to exchange your Bitcoin Cash for Tether. If the USDT/BCH pair is unavailable, you can first exchange Bitcoin Cash 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 Bitcoin Cash, first, find a cryptocurrency exchange that supports the USDT/BCH trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/BCH pair on the trading platform and place a sell order to exchange your Tether for Bitcoin Cash. If the USDT/BCH pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin Cash. 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