Investing In Tether Made Easy With Netcoins

Talking about digital currencies, Cryptocurrencies are now widely accepted due to their anonymous and decentralized approach in transactions eliminating intermediaries. Well! As you, all by now know about fact that there are several hundreds of cryptocurrencies in the market that tries to get into the limelight.

Every cryptocurrency claims to bring in a new revolution using its network. And tether is a cryptocurrency that has an official token of USDT and it has been successful in making itself noticeable. If you want to learn more about How to Buy Tether in Canada, then read below the articles.

1. Tether’s strong connection with Netcoins

Netcoins is a leading cryptocurrency trading platform run by a leadership team including its president, Mitchell Demeter. You can buy USDT with a credit card in such exchanges. It is claimed that the steep fall in the price of Bitcoin in 2017 was largely due to the speculations created by Tether and Netcoins.

2. Tether is a stable coin

Cryptocurrencies include Ethereum, Litecoin, Dash, and Bitcoin, and all of these top the chart and are highly volatile. And the fluctuations in the overall prices of all these coins are highly affected by several factors such as regulations imposed by the Government and prominent international bodies, speculations, the media, and the technical defects of the crypto platforms.

In such a situation, Tether is a widely traded digital currency and then nicknamed as the stable coin.

3. The backbone for Tether

Tether was initially known as the Real coin. Then after that, it was rebranded as Tether so as to avoid being associated with the altcoin. And tether is the result of the Isle of Man as well as the Hong Kong-based international company. The CEO of Tether, Reev Collins then announced that it will work in coordination with Bitfinex as well as Mastercoin Protocol. And then, there are no surprises, one of the team members of the Tether Craig Sellars is a Co-Founder at Mastercoin.

4. Tether is amongst the top 10 ranking

In fact, the tether is the so-called stable coin and is being the most sought after due to the platform’s claims of having a backup of USD that too for every Tether coin.

As Bitcoin prices are pretty volatile when you consider Tether. And that merit of Tether has helped it to claim the ladder and then grab the eighth spot in the cryptocurrency ranking.

5. Tether’s split with Friedman

A move by the Tether that turn heads this year was just by dissolving the connection with the audit firm Friedman LLP. USDT is famous and known for the dollar-pegged cryptocurrency in the recent news. The firing of Friedman LLP is also largely connected to the speculations of the connection of Tether with Bitfines. And in such controversies, Tether parted ways with the auditing firm.

In case, you are interested in learning how do I buy cryptocurrency in Canada, then you can keep an eye on this website.