Bitfinex adds loads of Stablecoins - Some People See Abuse Options Here

in #bitcoin6 years ago

If you are not aware of BFX connection with USDT (Tether) then read my older posts or google ;)

Now BFX finally decided to add all other 1USD pegged coins.

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Of course the famous twitter Bitfinex`d that is made to show (or make up) reasons to not trust the exchange since famous 60 million USD hack found a way to abuse this by using their own USDT.

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I have account (and i think to make one you need invite - USE THIS ONE. I will later on exchange some USDT to one of stable coins and see if withdrawals work flawlessly.
Keep in mind BFX wants minimum 10 000 USD worth of deposit to activate your account and there is loads of bad press around it. So join on your own risk. Im using it but that doesnt mean you should do that too.

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I don't know about you but these stable coins seem to be the new fad and they are totally stupid!

yeah i also dont see why its like that but what can we do

It reminds me of ICO days this is just a new version of that which is going to end very disappointing yet again. Crypto really shows you whats wrong with humanity and that is the overly huge amount of greed that goes on.

Keep in mind BFX wants minimum 10 000 USD worth of deposit to activate your account

:DD

lol "There's load of bad press about it, I'm using it but maybe you shouldn't" I appreciate your honesty here. Good to see no exchange-shilling going on.

Question though, if there are such shady things surrounding Bitfinex, why do you continue to use it? Why not switch to another exchange instead?

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