I got a practical question : On bitshares.org you can buy bts for usd (bit.usd actually). It's a decentralized exchange, I'm wondering if it is worth it to get there with btc, convert in bit.usd, and then buy bts. To withdraw just the opposite, bts to bit.usd to open.btc then out. The point is you have to be verified to deposit/withdraw usd and put your information on too many exchange is maybe not a good idea, the threat of stolen identity is real and that's a huge problem (not saying bitshares.org are not legit, but they can always be hacked, like every other exchange ...). Too much exchange have my ID, picture and address, I do not really like that so how to know some place is really safe ?
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Deposit BTC to bitshares BTC address.
You will receive openBTC, through openledger.
Buy BTS with openBTC, there is a trading pair.
BTS is the most fun you can have in crypto, and decentralized, so it is Not like every other exchange.
If the partnership with Arisebank comes to fruition, no verification.
define fun
Thanks for replying and advice !
Using BTS make sense on this exchange even if some coins are like death coin on it, the gap between ask and bid are huge. Just got there a few days ago, maybe after hollyday it will wake up ...
Another question, why fun ?
Sometimes that price gap will swing in your favor, but it will always level out.