Popular, leading cryptocurrency exchange platform— Bitsane has announced a new method of withdrawal – Tether (USDT) to PayPal.
Bitsane Introduces New Feature
Bitsane is a European cryptocurrency exchange which was Launched in 2016. The exchange has invested greatly in developing its services and introducing new features.
Through this new method, investors will be able to withdraw USDT from their Bitsane account and receive USD to PayPal account at 1 USDT: 1 USD exchange rate. Right now, traders can test the new method of withdrawal by logging to their user account. Once in, they can proceed to click on the Balances button, then the Wallets, then Tether and finally, Withdrawal.
This new method is as a result of the consistent work the exchange team has been doing to improve its deposit and withdrawal options. This introduction makes Tether the first coin available for crypto to Paypal withdrawal on Bitsane.
Tether is the number one stablecoin globally and even though there has been launch and addition of several other stablecoin to the market, Tether has maintained its lead. Tether is issued on the Bitcoin blockchain via the Omni Layer Protocol and each USDT unit is backed by USD. According to Tether’s whitepaper, the fiat currency equivalent is kept in the reserves of the Tether Limited and can be redeemed through the Tether Platform. Similarly to any other cryptocurrency, USDT can be transferred, spent and stored.
The popularity of USDT comes from its simplicity, convenience, security and exclusivity.
Since Tether is a stablecoin, the fluctuations in price are almost negligible. The stablecoin was listed on Bitsane late last year. This listing made the exchange the first to launch the USDT/EUR pair. Investors can also trade (USDT) on Bitsane with the following cryptocurrencies: Bitcoin core(BTC), ETH, LTC, XRP, DASH, Bitcoin cash (BCH,) DOGE, ETC, and REP.