One of the fastest growing global margin trading applications has just added support for Tether (USDT). SimpleFX decided to integrate with the world's leading stable that responds to multiple requests from the commercial community. Tether is the eighth cryptocurrency compatible with SimpleFX.
Tether is a widely used alternative to fiat money. Tether accounts are especially attractive to people who still use fiat currency accounts, because they don't like the volatility of Bitcoin, Ethereum, Litecoin or Monero. Tether is a perfect solution since the volatility of the USD-linked currency at 1: 1 is minimized. You do not have to worry that the funds you keep in your SimpleFX account lose value overnight.
Some of the SimpleFX operators used to collect the profits they made in the margin trade with their cryptocurrency accounts because they did not want their deposit to lose value. This was especially common in 2018 when cryptocurrencies lost value in all areas. At this time, you are more likely to win overnight by keeping the funds in your SimpleFX cryptocurrency accounts as the market is on the rise, especially on the eve of Bitcoin halving.
However, the 2018 experience made cryptocurrency holders and users look for a stable alternative. Volatility is not a problem with Tether (USDT). Stablecoins address the important problem of excessive cryptocurrency volatility. They combine all the advantages of cryptography: security, anonymity, decentralized network, transparency, but at the same time they are linked to one or more dominant fiat currencies.
In addition to your SimpleFX account, you can keep Tether in popular hardware wallets like Ledger or Trezor.
Here we show you how to open your first SimpleFX Tether account and make a deposit.
The Tether network is expanding dynamically. In addition to SimpleFX, the payment system was recently adopted by the world's leading adult content site, Pornhub. The taxpayers of the site had many problems with payments with PayPal, the world leader in traditional payments. According to the representatives of Pornhub, this was the reason behind switching to Tether.
Tether is issued by Tether Limited. The network has recently introduced Tether Gold (XAU ₮), which represents the ownership of a troy ounce of gold, worth approximately $ 1584. The product is available in the Ethereum blockchain.
If you haven't tried SimpleFX yet, do it now. It is a commercial margin application designed for all screens (desktop computer, tablet, mobile device). They have no minimum deposits and accept cryptocurrency accounts. If you are new to margin trading, you can use SimpleFX's social commerce features and try to reflect the most successful operators. Go to SimpleFX now.