3 ms·
A lot of shadier exchanges are giving away USDT to encourage people to move their other cryptocurrency holdings onto the exchange.
by shkkmo 5y ago
A lot of shadier exchanges are giving away USDT to encourage people to move their other cryptocurrency holdings onto the exchange.
- gruez 5y agoCan you link to some? Most of them are pretty modest, eg. create an account, make $500 worth of trades and we'll give you $50 in USDT. You certainly don't need to move all of your holdings over to take advantage. Moreover, I don't see how account opening bonuses are shady. It might be cheaper for them if they can get hold of USDT for cheaper than its face value, but if that were the case I don't see why they don't go with the more straightforward route of directly selling USDT for USD (eg. https://trade.kraken.com/charts/KRAKEN:USDT-USD https://trade.kraken.com/charts/KRAKEN:USDT-USD).