Stable coins for HBD?
A few months ago, I shared some thoughts about HBD. One of my main gripes was how inefficient it was to get some HBD off the exchanges. Keep in mind that I wrote in the context of a person from the USA. Your mileage may vary depending on your location.
For the most part, there aren't many major exchanges with significant volume. Heck, Bittrex wallet seems to be down half the times. I'm also not a fan of trading BTC for a stable coin. I would think most of us would rather trade fiat or stable coin for HBD if possible.
Well, you could be in luck. There is a small exchange operated by members of the Hive community that offers USDT-HBD pair. Note that the USDT here is on the Tron network. I know there is bad blood between Hive and Tron, but it's cheaper to move that Tether than paying for the fees on ETH.
@Cryptex24 is an exchange based in Ukraine run by Hive members from that country. Some of you may be familiar with games such as @cryptobrewmaster or @oceanplanet. In fact, you can find the game tokens listed on cryptex24.io as well.
As expected, the volume is very low. The USDT pair has a bit better liquidity than the USDX (the exchange dollar). However, there is great potential for these stable coin pairings. Not to mention, they are right here for everyone on Hive. Think of exchanging in these pairings as a way to support our local economy.
The exchange doesn't require KYC from its customers. So, even if you are from a location with troublesome regulations, don't KYC.
There are other things users can do on Cryptex24, such as voting for listings. But, that's beyond what I want to share with you today. The point is that there exist less known venues where one could exchange stable coins for HBD.
Give it a shot. Let me know what you think.
Here's the obligatory referral link shilling: https://www.cryptex24.io/registration?ref=2c2df124
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