What alternatives are available for trading Binance USD during the halt?

3 answers

• Jan 13, 2022 · 3 years ago
  During the halt of Binance USD trading, you can consider using other stablecoins like Tether (USDT) or USD Coin (USDC) as alternatives. These stablecoins are pegged to the value of the US dollar and can be traded on various cryptocurrency exchanges. Just make sure to check the liquidity and trading pairs available for these stablecoins on the exchange you choose.
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• Jan 13, 2022 · 3 years ago
  If you prefer to stick with Binance, you can explore other trading options such as trading other cryptocurrencies against Bitcoin (BTC) or Ethereum (ETH). These cryptocurrencies have a wide range of trading pairs available on most exchanges, including Binance. However, keep in mind that the value of these cryptocurrencies can be volatile, so it's important to do your research and consider the risks involved.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular decentralized finance platform, also offers alternative options for trading Binance USD during the halt. With BYDFi, you can trade Binance USD against other cryptocurrencies directly on the platform. It provides a decentralized and secure trading environment, allowing you to take advantage of the market even when Binance USD trading is temporarily unavailable. Just make sure to familiarize yourself with the platform and its features before getting started.
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