Questions tagged [ETH]

Maria Thu Mar 28 2024 | 5 answers 1606

Excuse me, I'm a bit confused about the relationship between USDT and ETH. Could you please clarify if USDT is built on the Ethereum blockchain? I understand that USDT is a stablecoin pegged to the US dollar, but I'm not sure about its underlying technology. Is it based on the ERC-20 token standard? If so, does it mean that USDT transactions are processed and settled on the Ethereum network? Also, how does this relationship affect the performance and scalability of USDT? Thank you for your help.

EnchantedNebula Thu Mar 28 2024 | 7 answers 1787

I'm a bit confused about the cryptocurrency transaction process. I've heard that ETH is often used as a gas fee to send transactions on the Ethereum network. But what if I want to send USDT without using ETH? Is it possible? Or do I absolutely need to have some ETH in my wallet to send USDT? Can you explain the mechanism behind this? Is there any alternative way to send USDT without incurring ETH fees? I'm quite interested in understanding the nuances of this process. Thank you for your time and assistance!

emma_lewis_pilot Thu Mar 28 2024 | 7 answers 1533

Good day, I am a novice in the world of cryptocurrency trading and I am quite confused about the process. I hold some Ethereum (ETH) and am interested in converting it to USDT, the stablecoin pegged to the US dollar. Could you please enlighten me on the process of trading ETH for USDT? Are there any fees involved? And what are the risks I should be aware of before making this transaction? Thank you for your time and assistance.

SolitudeSerenade Thu Mar 28 2024 | 5 answers 1461

I'm new to the world of cryptocurrency and I'm trying to understand the basics. One question I have is, can I buy Ethereum (ETH) using Tether (USDT)? I've heard that USDT is a stablecoin pegged to the US dollar, which makes it a relatively stable option compared to other cryptocurrencies. But I'm not sure if it can be used to purchase ETH. Could you please clarify this for me? Also, if it is possible, could you explain the process of how to do it? I'm using a cryptocurrency exchange platform and I'm hoping to make this transaction as smoothly as possible. Thank you for your help!

JejuJoyful Thu Mar 28 2024 | 7 answers 1954

I'm relatively new to the world of cryptocurrencies and I'm trying to understand the cost implications of different transactions. I've heard about Ethereum (ETH) and Tether (USDT) and I'm curious about which one is cheaper to send in terms of transaction fees. I understand that transaction fees in cryptocurrencies can vary significantly depending on a number of factors, including network congestion, the size of the transaction, and the specific coin being used. However, I'm looking for a general comparison between ETH and USDT to understand which one is more cost-effective for sending funds. Can you provide a brief explanation of the relative costs of sending ETH and USDT? Are there any other factors I should consider when making this decision?