One of the fastest growing apps for global margin trading just added Tether Accounts (USDT). SimpleFX has decided to integrate with the world’s leading stablecoin to respond to the diverse inquiries from the trading community. Tether is the eighth cryptocurrency supported by SimpleFX.
Tether is a widely used alternative to fiat money. The tether accounts are particularly attractive to people who still use fiat currency accounts as they don’t like the volatility of Bitcoin, Ethereum, Litecoin or Monero. Tether is a perfect solution as the volatility of the USD 1: 1 linked currency is reduced to a minimum. You don’t have to worry about the money you keep in your SimpleFX account losing value overnight.
Some of the SimpleFX traders paid out the profits from margin trading on their cryptocurrency accounts because they didn’t want their deposit to lose value. This was particularly common in 2018, when cryptocurrencies depreciated across the board. Right now, you are more likely to keep money in your SimpleFX cryptocurrency accounts overnight as the market is trending up, especially on the eve of Bitcoin halving.
However, the 2018 experience has resulted in cryptocurrency owners and users looking for a stable alternative. Volatility is not a problem with Tether (USDT). Stablecoins address the important problem of excessive volatility in cryptocurrencies. They combine all the advantages of crypto: security, anonymity, decentralized network, transparency, but are at the same time tied to one or more dominant fiat currencies.
Aside from your SimpleFX account, you can keep Tether on popular hardware wallets like Ledger or Trezor.
How to open your first SimpleFX Tether account and make a deposit.
The tether network is expanded dynamically. Aside from SimpleFX, the payment system was recently adopted by the world’s leading adult content website, Pornhub. The site’s contributors have had a lot of problems with withdrawals using PayPal, the world’s leading provider of traditional payments. According to representatives from Pornhub, this was the reason for switching to Tether.
Tether is issued by Tether Limited. The network recently launched Tether Gold (XAU ₮), which represents possession of an ounce of gold currently valued at approximately $ 1,584. The product is available on the Ethereum blockchain.
If you haven’t tried SimpleFX, do it now. It’s a margin trading app for all screens (desktop, tablet, mobile). They have no minimum deposits and support cryptocurrency accounts. If you are new to margin trading, you can use SimpleFX social trading features and try to mirror the most successful traders. Now go to SimpleFX.