On November 14, 2018, Bitsane released a public announcement in Dublin indicating that it had officially listed USDT (Tether) on its public trading platform. The listing was carried out with a pairing of various currencies such as REP, EUR, ETC, BTC, DOGE, ETH, DASH, XRP, and LTC.
The Digital Dollar
USDT or Tether is commonly referred to as the first stable coin. The coin was launched four years ago (2014). The team behind it was looking to create a coin that could be equated to the traditional dollar, which is why it later came to be referred to as the digital dollar. The reason behind this moniker is due to the fact that the coin is actually backed up by the American dollar.
The backing is done in a ratio of 1:1. Over the last twenty-four months, numerous exchanges have made steps that have seen them list USDT as an alternative to fiat currencies. However, very few exchanges have made a point of providing the USDT and USD pairing. It is the reason why Bitsane is being touted as the first exchange to make such a move.
The platform can be described as a cryptocurrency to cryptocurrency and cryptocurrency to fiat exchange platform. It started operating in 2016. Over the last two years, its subscriber base has grown tremendously as it now boasts of a total user base of two hundred and forty thousand users.
Its daily transactions amount to twenty-five thousand with more than six million dollars being traded on any given day. The team behind the exchange are on record stating that the main purpose of this platform is to ensure that users are provided with the best trading conditions possible. The team also states that it goes an extra mile to make sure that all the needs of its users are well taken care of.
Why Choose Bitsane
Apart from being one of the fastest growing platforms in the crypto universe, other reasons to choose it include:
Safe And Secure
The exchange pays a lot of attention to the security of its platform. It is the reason why it has chosen to incorporate a number of security features such as cold storage, network protection, advanced monitoring, up to date infrastructures, and regular network backups.
Super-Fast Execution Of Trades
Compared to other exchanges in the market, this is one exchange that stands out in terms of the manner in which it executes all its trades. It has one of the fastest trading engines in the world. In addition, it also comes with various user-friendly features which are meant to make it easier for crypto enthusiasts to transact with ease.
Another area that stands out is the fact that the platform makes sure that there is always someone available to attend to the needs of its customers. Customer support is available round the clock and can be accessed online, via phone, or by email. You are assured that all your problems will be addressed in no time.