This article introduces the role of mainstream cryptocurrency trading platforms and stablecoin USDT. 1. USDT is a stablecoin anchored with the US dollar, used to lock profits in volatile markets and serve as a trading medium; 2. Recommended exchanges include: Binance (large transaction volume, comprehensive ecosystem), Ouyi (strong derivatives, complete Web3 ecosystem), Huobi (long history, safe and reliable), Gate.io (rich currency, many new projects), KuCoin (supports small-cap projects, active community), Kraken (safety and compliance, many fiat currency channels), Coinbase (simple operation, suitable for beginners), Bybit (high-performance trading engine, comprehensive expansion).

This article aims to introduce the current mainstream cryptocurrency trading platform to the majority of users and explain in detail the stablecoin USDT as the basis for trading. By comparing and analyzing the characteristics of major exchanges, we will help you choose the most suitable trading entrance based on your own needs, such as transaction depth, asset security, currency quantity, etc.

What is the stablecoin USDT?

USDT, full name Tether, is a cryptocurrency with a value of 1:1 anchored to the US dollar (USD), so it is called a "stable currency". Its main role is to provide a safe haven for value in the volatile crypto market, while acting as a bridge between cryptocurrencies and fiat currencies. When you want to sell Bitcoin but don't want to convert it into cash immediately, you can switch it to USDT to lock in profits. Likewise, it is one of the most commonly used base currencies to buy other cryptocurrencies, and almost all exchanges support USDT trading pairs.

Recommended rankings of mainstream cryptocurrency exchanges

1. Binance

As the world's largest cryptocurrency exchange, Binance has unparalleled liquidity and trading depth. It offers spot, futures and other derivatives trading in hundreds of cryptocurrencies. Its ecosystem is very complete, covering a variety of services such as NFT market, financial management, and new currency issuance platform (Launchpad). It is the most comprehensive "one-stop" platform, suitable for all users from novices to professional traders.

2. Ouyi (OKX)

Ouyi is known for its powerful derivatives trading capabilities, especially in the futures and perpetual contracts. The platform technology is stable, transaction execution is fast, and user interface design is friendly. In recent years, OKX has vigorously developed its Web3 ecosystem and launched a powerful decentralized account to facilitate users to seamlessly explore the DeFi and NFT worlds, and is loved by professional traders and users who focus on ecological experience.

3. Huobi

Huobi is one of the earliest cryptocurrency exchanges established, with a long history and deep brand accumulation, especially in the Asian market. The platform is known for its reliable security measures and rich asset types, providing users with a stable trading environment. Huobi continues to expand its business globally and provides professional financial services to global users.

4. Gate.io (Sesame Open Door)

Gate.io is known for its massive currency selection and is known as the "treasure of altcoins". It often takes the lead in launching many potential new projects, attracting a large number of users seeking early-stage investment opportunities. In addition to spot trading, Gate.io also provides various functions such as order trading, financial management, Startup launch, etc., to meet the needs of users with different risk preferences.

5. KuCoin

KuCoin is also popular for its rich currency and support for small-cap projects, and is known as the "people's exchange." The platform has a friendly interface, a smooth transaction experience, and a strong community. KCS holders of its platform currency can enjoy various benefits such as transaction fee discounts, attracting a large number of loyal users.

6. Kraken (K.com)

Kraken is one of the oldest and best-reputable exchanges in the industry, known for its top-notch security and compliance. It is particularly popular among European and American users, and provides recharge and withdrawal channels for a variety of fiat currencies (such as US dollar and euro). Kraken is a very reliable option for institutional and individual investors who focus on asset security and compliance transactions.

7. Coinbase

As a compliant exchange listed in the United States, Coinbase is the first stop for many new users to enter the crypto world. Its operating interface is extremely simple and clear, and the purchasing process is simple, making it very suitable for beginners. Although the number of currencies online is relatively small, they have been strictly screened and focus more on quality and compliance.

8. Bybit

Bybit started out with its high-performance derivatives trading engine and quickly established a good reputation among the professional trader community. Its trading platform has low delay and strong matching capabilities, ensuring stability in extreme market conditions. Today, Bybit has expanded to spot trading, financial management and NFT markets, becoming a comprehensive exchange with comprehensive functions.

The above is the detailed content of What is stablecoin usdt. For more information, please follow other related articles on the PHP Chinese website!