Is there a stable coin that not require ETH on the same account?
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You're right, Bitcoin has its own blockchain, Litecoin has another, Dogecoin has another, etc.
To make an easy differentiation, Bitcoin, Litecoin, Ethereum, Avalanche, Polygon are cryptocurrencies because they have their own blockchains, whereas USDT, USDC, DAI are tokens inside another blockchain. So, cryptocurrencies are not tokens as only the former have their own blockchain.
There are bridges where you can bring for example︀ Bitcoin into another blockchain such as Ethereum. Once you use a bridge, you're given a︁ "wrapped" token like WBTC (Wrapped BTC) which is a token in the Ethereum blockchain and︂ is pegged to 1 BTC.
1 BTC (on Bitcoin blockchain) -> Bridge -> 1 WBTC︃ (on Ethereum blockchain)
1 WBTC (on Ethereum blockchain) -> Bridge -> 1 BTC (on Bitcoin︄ blockchain)
Also, forgot to mention, that when you use a blockchain, you always pay fees︅ in the blockchains cryptocurrency which can be Ethereum, Bitcoin, Dogecoin, etc. You will never pay︆ USDC/USDT/DAI/etc to pay for fees. Exchanges usually charge you fees in the same token/crypto you're︇ trying to withdraw to make it easier and charge you higher fees.
If you want︈ to know anything else let me know!
To make an easy differentiation, Bitcoin, Litecoin, Ethereum, Avalanche, Polygon are cryptocurrencies because they have their own blockchains, whereas USDT, USDC, DAI are tokens inside another blockchain. So, cryptocurrencies are not tokens as only the former have their own blockchain.
There are bridges where you can bring for example︀ Bitcoin into another blockchain such as Ethereum. Once you use a bridge, you're given a︁ "wrapped" token like WBTC (Wrapped BTC) which is a token in the Ethereum blockchain and︂ is pegged to 1 BTC.
1 BTC (on Bitcoin blockchain) -> Bridge -> 1 WBTC︃ (on Ethereum blockchain)
1 WBTC (on Ethereum blockchain) -> Bridge -> 1 BTC (on Bitcoin︄ blockchain)
Also, forgot to mention, that when you use a blockchain, you always pay fees︅ in the blockchains cryptocurrency which can be Ethereum, Bitcoin, Dogecoin, etc. You will never pay︆ USDC/USDT/DAI/etc to pay for fees. Exchanges usually charge you fees in the same token/crypto you're︇ trying to withdraw to make it easier and charge you higher fees.
If you want︈ to know anything else let me know!
glad I was able to help! ChangeNow is for sure easy to use and I've never had any problems. I had one transaction once take like 7 hours which I was able to just ask on support and they said their was a backlog of transactions but in the end it went through just fine so ya it's a great exhange service with no KYC or headache 🙂
Maybe it is because in the back-end they are swapping on a DEX and you need to pay the gas fee.
I always prefer SimpleSwap for that reason. And if you have to swap 30k+ it is very important to do it in 10-20k increments.
I always prefer SimpleSwap for that reason. And if you have to swap 30k+ it is very important to do it in 10-20k increments.
Those kinds of sites charge you a way higher fee though. If you want to swap tokens in Ethereum/Polygon/Avalanche/etc use paraswap.io, which is an aggregator that checks the best rates from most MMs, DEX's, etc. and you do the swap through them. And to exchange things from different blockchains you can just use Bitfinex as︀ they don't require KYC, I've just done small amounts there though, but if you're doing︁ $1-3k at a time you should be okay.
It's not an app as in a phone app, it's an app as in a web application
You can withdraw most cryptos/tokens but not USDC/USDT, but you can withdraw DAI and then swap to USDC using paraswap which will give you 1:1 (+ ethereum fee which at weekends can be $2-4)
You can withdraw most cryptos/tokens but not USDC/USDT, but you can withdraw DAI and then swap to USDC using paraswap which will give you 1:1 (+ ethereum fee which at weekends can be $2-4)
This happened to me also with changenow on a transaction I waited about 5 hours and it went all through though and updated just fine on changenow. Seems more a bug in their system rather then a rug pull. My transaction it did this on was about $200, I've done much larger transactions with no issue with them. I'd always be careful with any service though be it ChangeNow, Coinbase, Kraken, etc
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