RE: Why I Prefer the Bitshares DEX over Poloniex, Bittrex, etc.
Tether as a concept is great, but there are two large problems to be aware of:
If their bank assets are permanently frozen or seized, then the value of the USDT will drop to zero very fast. If you do buy into the market through Tether, make sure to convert your USDT to something else as soon as is practical.
The Tether verification queue is colossal. I have been in their queue for over a month now, and at the current rate I will not be verified by the end of the year. In fact, my passport will expire before I reach the front of the queue, which means I get to start from scratch!
Regarding privacy, Tether is very invasive, as are all other direct cash methods I am aware of. This is a requirement to prevent fraud and money laundering. The only way to get onto the market that maintains most of your privacy is buying BTC.
I understand.
"The only way to get onto the market that maintains most of your privacy is buying BTC"
What about buying another crypto using a credit card? Such as Etherium? Perhaps this way the current delays with BTC could be avoided. If it were possible, whidh alternate crypto to BTC would be best, in your opinion?
I would guess buying ETH with your CC would also be relatively private, but have never looked into the platforms which offer that service.
You mean which alternate crypto would be best to buy in with? I would probably load USD straight onto the DEX through CCDEK and then store value in bitUSD. Unfortunately, they require you to verify your identity.
Being the problem the bridge between fiat and crypto, maybe the TQ concept becomes more interesting. I believe they first convert to VIVA, and use that as the main currency. And perhaps the first conversion to VIVA is done automatically, so to speak. You just send the currency to their bank account, and they deposit VIVA in you TQ account. This is just my speculation, I haven´t been able to do that yet. I´ll do a small transaction and see.