Best Bitcoin Brokers Supporting The BTC/USD Pair

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Trading The BTC/USD Pair

These are the best Bitcoin brokers supporting the BTC/USD trading pair.

If you intent to trade your Bitcoins for USD to either get more Bitcoin or cashout US Dollar profits, the brokers listed above are the best picks for your purpose.

You can watch the current BTC-USD chart on cryptowat.ch.

Trade Bitcoin For US Dollar

Bitcoin trading is a pleasure in times of a rising Bitcoin price, but it can also be pretty profitable when the market is bearish, as experienced traders can use a falling price for successful short positions as well. By being able to make the best out of any market environment, many traders can even make a living out of crypto currency trading which shows in what exciting times we are living.

The BTC / USD trading pair is the most offered pair in the field of Bitcoin trading, of course. There are many brokers which offer USD deposits by wire transfer, SWIFT, credit card, debit card and partially by some other payment options.

But there is a second trading pair, which is nearly the same, but it differs in some details which you should know: Here we are talking about BTC/USDT (Tether).

What's the difference between BTC/USD and BTC/USDT ?

Brokers with BTC/USDT (=Tether) instead of BTC/USD:

- Bittrex.com
- Poloniex.com

When you trade BTC for USDT you cannot cash out USD directly to your bank account!

There are some Bitcoin brokers which don't offer US Dollar deposits or withdrawals at all. The benefit of such trading sites is the fast and easy signup which those platforms can offer, as they aren't forced to ask for your ID and you can actually trade anonymously by simply transacting crypto deposits and withdrawals only. The reason why such brokers are still able to provide trading BTC for US Dollars is that they offer a crypto alternative called Tether. Each Tether is 1:1 backed by the value of one USD. However, to actually cashout USD to your bank account, you would have to exchange your Tethers for USD on an exchange which offers this specific exchange service. Unfortunately this costs round about 7% right now, which means you actually get 93 Cent for each USDT, which isn't a great deal. The latter is not possible on Poloniex or Bittrex, for instance. Most traders just use Tether there to trade BTC for US Dollar and in the end cash out just cryptos back to their home wallets.

Tether was specifically created as a replacement for real USD for the purpose of easy trading. The advantage of Tether compared to real USD is that brokers don't need to provide bank wire deposits which goes hand in hand with more complicated signup procedures. By just offering Tether the brokers can let traders start trading right away after they've simply made an anonymous crypto deposit. Read more details about Tether.

Where to convert Tether (USDT) to USD:

Still, in case you need to, you can exchange your Tether for real USD to be able to withdraw Dollars to your bank account. This (expensive) service is offered by:
- Kraken.com

More about Tether:

• Tether Website
• Tether on coinmarketcap.com