{"id":49795,"date":"2020-08-14T09:03:50","date_gmt":"2020-08-14T09:03:50","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=49795"},"modified":"2020-08-14T09:03:50","modified_gmt":"2020-08-14T09:03:50","slug":"bitcoin-com-wallet-reveals-usdt-support-users-can-swap-and-store-slp-based-tether","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=49795","title":{"rendered":"Bitcoin.com Wallet Reveals USDT Support \u2013 Users Can Swap and Store SLP-Based Tether"},"content":{"rendered":"

\"Bitcoin.com<\/p>\n

During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet<\/a> users can now store the SLP-based stablecoin tether (USDT<\/a>) in their wallets as well.<\/strong><\/p>\n

Tether (USDT<\/a>) is the most popular stablecoin in the crypto ecosystem to-date and Bitcoin.com Wallet<\/a> users can now store, send, and receive the stablecoin at any time.<\/p>\n

News.Bitcoin.com recently reported on how the firm Tether Limited utilized the Simple Ledger Protocol technology in order to issue over 6 million SLP-based USDT<\/a>. Today there are 6,001,007 SLP-based tethers in circulation according to statistics provided by Simpleledger.info.<\/p>\n

So similar to having the ability to hold any SLP token, the Bitcoin.com Wallet now allows users to store, send, and receive SLP-based tether (USDT<\/a>). It is important to note that tether (USDT<\/a>) is minted on a number of different blockchains. ETH-based tethers or other types of USDT<\/a> coins not minted with the Simple Ledger Protocol, will not be compatible with the Bitcoin.com Wallet software.<\/p>\n

The Bitcoin.com Wallet<\/a> offers a method for people to obtain the SLP-based tethers by using the in-app swap features.<\/p>\n

\"Bitcoin.com<\/a>
It’s worth noting that the sideshift.ai website is not available in certain countries<\/strong><\/a> including the U.S.<\/figcaption><\/figure>\n

The Bitcoin.com Wallet allows users to swap coins by leveraging the Sideshift.ai<\/a> application. The process is intuitive and it only takes a few minutes to swap coins using Bitcoin.com’s client. Users can swap bitcoin cash (BCH<\/a>), bitcoin (BTC<\/a>), honestcoin (USDH), and tether (USDT<\/a>) using the wallet software.<\/p>\n

In order to swap bitcoin cash for SLP-based tethers, simply tap the “swap” button on the bottom of the wallet’s home screen and it will direct you to the in-app swapping window.<\/p>\n

From here you can select which coin you want to trade, and the other day our newsdesk swapped $6 worth of BCH<\/a> for 6 tethers. The swapping feature shows a live exchange rate for BCH<\/a> and the price per tether as well.<\/p>\n

\"Bitcoin.com<\/a><\/p>\n

We simply chose BCH<\/a> and USDT<\/a> swap and selected the receiving wallet, which displays the wallet’s Simple Ledger Protocol address. The minimum of bitcoin cash (BCH<\/a>) needed to complete a swap is 0.003934997 BCH<\/a>. After selecting the amount of tether, simply press “confirm and swap” to initiate the process.<\/p>\n

The software lets you know that the swap is taking place on the Sideshift application, and the wallet also sends a message to you via the notifications section. Sideshift gives you an invoice number and the notification lets you know the process started.<\/p>\n

After the funds are confirmed on the BCH<\/a> blockchain, the tokens are sent to the SLP-token address. From here the USDT<\/a> tokens will be accounted for in the portfolio balance section under stablecoins, and tallied up with the total value of all the crypto assets held in the wallet.<\/p>\n

Bitcoin.com has always provided top-notch products and services that give people lots of exposure to the innovative crypto ecosystem. Allowing users to hedge stablecoins and swap BCH or BTC<\/a> for coins like USDT<\/a> and USDH with ease, gives users far more control over their investments.<\/p>\n

What do you think about the ability to swap coins for SLP-based tether (USDT<\/a>) using the Bitcoin.com Wallet<\/a>? Let us know in the comments section below. <\/strong><\/em><\/p>\n

The post Bitcoin.com Wallet Reveals USDT Support – Users Can Swap and Store SLP-Based Tether<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well. Tether (USDT) is the most popular stablecoin in the crypto […]<\/p>\n","protected":false},"author":2,"featured_media":49796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-49795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/49795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49795"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/49795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/49796"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}