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Is there a stable coin that not require ETH on the same account?

bastard

bastard

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Mar 4, 2017
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#1
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I wonder if there is any Stable Coin that does not require that you have Ethereum on your account?

If I use Exodus for instant to exchange BTC to USDC it require me to have a balance on Ethereum. So each time I want to exchange, they take Ethereum :D

I don't want to exchange to FIAT each time if that can be avoided?

Does someone know?
 
#3
I know, Binance and Kraken don't require that, but the point is, using such service you need to verify your account. With Exodus you don't need that.

Maybe it is just the price to stay anonymous!
 
#5
******** said:
I wonder if there is any Stable Coin that does not require that you have Ethereum on your account?

If I use Exodus for instant to exchange BTC to USDC it require me to have a balance on Ethereum. So each time I want to exchange, they take Ethereum :D

I don't want to exchange to FIAT each time if that can be avoided?

Does someone know?
Click to expand...
No, you can use USDT on TRX, but then you need TRX instead of eth. Tron network is a lot cheaper tho.
 
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#6
I was tired of the same thing, each time we have USDC and need to exchange it, the fees are enormous high.

Will try to create an FTX account, it's the below exchange right?
https://ftx.com/
It was to good to be true

Complete Your Profile​

FTX EU needs to verify your information to comply with regulations.
Click to expand...
 
#8
Stablecoins are built on other chains so they will require a chains main token to be used. That includes ETH, Tron, Polygon etc etc. Only way you can avoid this is by trading through a centralized exchange. I will now shamelessly post 2 referral codes, 1 for KuCoin and one for Bybit. KuCoin has a 1 BTC daily limit and Bybit has a 2 BTC daily limit. No KYC for both of those. However, I'd suggest only using the 2 for trading, not holding any coins in them.

KuCoin: rJE3SW4
Bybit: L7BV24

Trying to reach 1,000 referrals on those 2 gre¤#!.

Edit: Exchange engine will have lower chances of flagging an account when it has used an invitation code. Keep that in mind whenever opening an account in any crypto exchange.
 
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#9
you just should use a cheaper chain you can store USDC on AVAX which will have WAYYYYYY smaller fees than ETH using ERC20 stables. It will be a fraction of a fraction of the cost. You will need to have some AVAX in your wallet instead.

Exodus wallet fees suck @******** use changenow to swap BTC to AVAX

https://changenow.io/?from=btc&to=avaxc
then use traderjoe to swap your AVAX for USDC on the Avalanche chain.

https://traderjoexyz.com/trade
Now you can use USDC on AVAX for a fraction of the cost of ETH gas fees. Exodus wallets exhange sucks has super high minimums and large fees these options I linked will work better, faster, at a fraction of the cost. Feel free to google these services as oppossed to using my links so you can know your using the legitimate sites. Though I did link the legit sites here :)

Neither of sites require KYC in anyway or signup. Change now you just select BTC > AVAX and then will send BTC to the address they provide and they will send AVAX to the address you provide.
 
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#10
Stablecoins are tokens inside a blockchain. Some blockchains are more secure than others, some have higher fees than others. Ethereum happens to be one of the safest but also has high fees and it's accepted by most if not all exchanges.

You could use other blockchains such as Polygon or Avax, which have way lower fees.
 
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#11
Gas fees have gone down recently and are supposed to be even lower with the new upgrade. They also depend on the congestion of the network at a given moment. Anyway there are plenty of alternative blockchains to ethereum.
Choosing a blockchain is like choosing a courier for sending your parcel: you obtain quotes and decide based on price and type of service. Not necessarily DHL is always better than UPS or Fedex than TNT.
 
#12
You're all awesome, thanks for the replies.

I will check out the different stable coins and wallets.

It would have been nice to have something like Exodus where you with few clicks just can swap the crypto.
 
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#13
******** said:
You're all awesome, thanks for the replies.

I will check out the different stable coins and wallets.

It would have been nice to have something like Exodus where you with few clicks just can swap the crypto.
Click to expand...
ChangeNow is like one extra step than just in app but will save you a lot in fees compared to Exodus in app exchanger. Trader Joe you can hook up to either metamask or any wallet through walletconnect so you dont even need to send the coins to an address its just a few clicks and its swapped to your wallet. :)
 
#14
legrant said:
Stablecoins are tokens inside a blockchain. Some blockchains are more secure than others, some have higher fees than others. Ethereum happens to be one of the safest but also has high fees and it's accepted by most if not all exchanges.

You could use other blockchains such as Polygon or Avax, which have way lower fees.
Click to expand...
This is an informative reply.

You say " stablecoins are tokens inside a blockchain". I guess this does not apply to other coins such as bitcoin or others?

If you could elaborate on this would be great.
 
#15
Do you guys really lack this amount of the elementary knowledge?


Stablecoins have nothing to do with Ethereum per se. It's just happened to be the 1st blockchain several stablecoins have been built upon.

There're stable coins on other blockchains too - Solana, Fantom, BSC, Polygon, Tron.
 
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#16
******** said:
You're all awesome, thanks for the replies.

I will check out the different stable coins and wallets.

It would have been nice to have something like Exodus where you with few clicks just can swap the crypto.
Click to expand...
Exodus includes direct support for Tron USDT and such. Simply open Exodus, click on 'add more' and search for USDC, you will then see SOL & MATIC as well. Exodus also supports USDT (so tether) on the Tron network, so you can choose to simply use that stablecoin possibly?

CyprusLawyer101 said:
This is an informative reply.

You say " stablecoins are tokens inside a blockchain". I guess this does not apply to other coins such as bitcoin or others?

If you could elaborate on this would be great.
Click to expand...
No it does not. Bitcoin is on the Bitcoin blockchain which only allows Bitcoin to be traded. Ethereum allows others to create their own tokes via smart contracts and such, these can then be traded on the Ethereum blockchain (hence why you will need ETH to make a transaction here).

Think of it as roads. Bitcoin is a bus lane where only busses are allowed to drive. ETH in this example would be a regular highway where busses, cars, and trucks all get to share the same road (blockchain).
 
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#17
James Spader said:
I was tired of the same thing, each time we have USDC and need to exchange it, the fees are enormous high.

Will try to create an FTX account, it's the below exchange right?
https://ftx.com/
It was to good to be true
Click to expand...
That's right sir. But i believe it have a daily max transaction. Nevertheless you can just create multiple account so you can maximize the withdrawals and exchange. :)

Thank you
 
#18
Simon4466 said:
Exodus includes direct support for Tron USDT and such. Simply open Exodus, click on 'add more' and search for USDC, you will then see SOL & MATIC as well. Exodus also supports USDT (so tether) on the Tron network, so you can choose to simply use that stablecoin possibly?


No it does not. Bitcoin is on the Bitcoin blockchain which only allows Bitcoin to be traded. Ethereum allows others to create their own tokes via smart contracts and such, these can then be traded on the Ethereum blockchain (hence why you will need ETH to make a transaction here).

Think of it as roads. Bitcoin is a bus lane where only busses are allowed to drive. ETH in this example would be a regular highway where busses, cars, and trucks all get to share the same road (blockchain).
Click to expand...
Thank you
 
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#19
Simon4466 said:
Exodus includes direct support for Tron USDT and such. Simply open Exodus, click on 'add more' and search for USDC, you will then see SOL & MATIC as well. Exodus also supports USDT (so tether) on the Tron network, so you can choose to simply use that stablecoin possibly?
Click to expand...
these would still require you to spend Ethereum on each transaction ?
 
#20
lostguy said:
these would still require you to spend Ethereum on each transaction ?
Click to expand...
If you will use ETH as the network for the conversion it will require ETH sir. But if you choose another network like TRX it will have a minimal fee.
 
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