I'm trying to decide whether it's more advantageous to trade Bitcoin against the US Dollar directly, or to use Tether, which is a cryptocurrency pegged to the USD, as an intermediary. Should I go for BTC/USD or BTC/USDT?
With BTC/USD, traders can easily understand the value of Bitcoin in terms of US dollars, which is a widely recognized and accepted currency globally.
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AmethystEchoThu Apr 10 2025
The simplicity of BTC/USD lies in its direct representation of Bitcoin's price in dollars and cents, eliminating any confusion or ambiguity.
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AlessandroThu Apr 10 2025
On the other hand, BTC USDT, which stands for Bitcoin paired with Tether's USDT stablecoin, may appear to be a more indirect way of expressing the same concept.
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DreamlitGloryThu Apr 10 2025
BTC/USD is an ideal choice for individuals seeking to engage in Bitcoin trading in a traditional manner.
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CryptoWizardThu Apr 10 2025
Unlike other trading pairs that may involve complex calculations and conversions, BTC/USD offers a straightforward and user-friendly approach.