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But that requires that the exchange doesn't impose KYC requirements when you withdraw Tether. Do such exchanges exist? Are they legal? Bitfinex, which is closel
by ogogmad 6y ago
But that requires that the exchange doesn't impose KYC requirements when you withdraw Tether. Do such exchanges exist? Are they legal? Bitfinex, which is closely affiliated with the company that runs Tether, actually does not allow you to withdraw Tether without doing KYC. This circles back to my first post.
- arcticbull 6y agoThere are plenty of non-Bitfinex un-banked exchanges that allow you to do whatever you want, including the DEXs.
- ogogmad 6y agoOK, so let's say you buy and sell crypto using DEXes, and take home your profit in the form of Tether (or another stablecoin). What happens if you want to spend it on things? You can't use Amazon, eBay or any supermarket because none of them take Tether - so you're left holding a bag of useless Tether. Again, what is the point?