How to buy usdt

Buy Tether,

MoonPay offers a fast and simple way to buy and sell USDT.

How to buy USDT?

Why is MoonPay the best way to buy USDT?

What can you do with your Tether?

Store

Trade

Spend

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What is Tether (USDT)?

Tether (USDT) is a stablecoin that is pegged to the value of the US dollar. USDT is the most widely used stablecoin, the largest by market capitalization, and the most established, having held a 1:1 peg to the US dollar since its launch in 2014.

Frequently asked questions

Where can I buy USDT?

MoonPay offers a fast and simple way to buy and sell USDT easily. Simply use our widget to buy and sell cryptocurrency in a few clicks and send it to a specific crypto wallet.

Can I buy USDT with credit card?

You can buy USDT in minutes using your preferred payment method such as Visa, Mastercard, and all major credit and debit cards via the widget on this web page. You can also buy USDT on MoonPay via bank transfer, Apple Pay, Google Pay.

Stablecoins like USDT can be used as a hedge against the cryptocurrency market’s volatility since the price will remain constant. USDT can also be used as collateral for lending and borrowing, in yield farming and liquidity pools, and other DeFi applications.

Buying USDT (Tether) with MoonPay is a fast and easy way to gain exposure to the US dollar via crypto.

Where can I trade USDT?

As the most widely-used stablecoin, USDT can be traded against hundreds of different cryptocurrencies on crypto-to-crypto exchanges. If you wish to cash out, you can easily sell your USDT via MoonPay directly to your bank account.

How to Buy USDT: The Complete Guide

Tether (USDT) has held its dollar peg for years and is by far the most popular and liquid (easy to buy and sell large amounts) stablecoin (crypto that tracks the value of a relatively more stable asset like the US dollar) in the cryptocurrency marketplace.

If you’re wondering, «Where can I buy USDT?», we’ll look at how to buy USDT with dollars, a credit card or PayPal. We’ll also cover the best wallet to use to safely store your USDT after you’ve purchased it.

In this article

How to Buy USDT in USA

For Americans, Kraken, a popular centralized exchange, lets you buy Tether with US dollars. While Kraken doesn’t support debit card purchases, they do support wire transfers as well as bank deposits.

Another option is to use Binance US, which also supports USDT/USD trading.

However, the problem with Binance US is that traders from more than a dozen states are not allowed to use the platform. That includes Alabama, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington.

These restrictions may change in the future though so you can keep up to date by checking out Binance US’ terms of service.

How to Buy USDT with USD

As stated above, either Kraken or Binance US is typically the best place to buy USDT with USD. Besides using one of these two exchanges, there just aren’t that many other options to purchase Tether with dollars.

The problem for US investors is that most of Tether’s trading volume comes from overseas exchanges like Binance and Huobi, which Americans can’t register on. Even if they could register, most Asian exchanges don’t accept US dollar deposits.

How to Buy USDT with Credit Card

There are a couple of exchanges that will let you buy USDT with a credit card. If you’re located outside of the USA, you can buy Tether with a credit card on Binance.

If you’re located within the USA, Changelly claims that they have a service that allows Americans to buy USDT with a credit card. However, the service doesn’t appear to always work. One possibility is to buy Bitcoin with a credit card on Changelly and then convert the BTC into USDT.

How to Buy USDT with PayPal

There isn’t a great way to buy USDT with PayPal. Many crypto exchanges have decided not to support PayPal because PayPal commonly freezes accounts and can reverse transactions days or weeks later.

Probably the best way to buy USDT with PayPal is to buy Bitcoin with PayPal using a service like Paxful or LocalBitcoins. Once you have the Bitcoin you can trade it for USDT using the Exodus wallet, a topic that we’ll cover next.

You can use a service like Paxful to buy Bitcoin with PayPal and then exchange the BTC for USDT. Image credit: Paxful

How to Buy USDT with BTC and Other Cryptos

If you already have some crypto and want to trade it for USDT you can do so with Exodus. Here’s how.

(The below instructions are for Exodus Desktop. Click here for instructions for Exodus Mobile).

2. Click on the Receive button. Exodus will display an address where you can send your Bitcoin. Once you’ve sent the BTC and the transaction has confirmed, you can click on the two arrows to the right of the Receive button. This will take you to the exchange page.

3. On the exchange page you can select USDT and enter how much you would like to buy. Once the information is correct you can click on Exchange at the bottom of the page.

4. The exchange will begin and the USDT should show up in your Exodus USDT wallet shortly!

How to Buy USDT Instantly

To answer this question we have to look at two different scenarios.

Buy USDT Coinbase

Unfortunately it’s not possible to buy USDT on Coinbase. Coinbase has their own stablecoin, USDC, and this is the stablecoin with the largest trading volume on their platform. They also support DAI, however, the trading volume is typically not that high.

If you want to use Coinbase to get USDT, you can buy Bitcoin on Coinbase and then trade it for USDT using Exodus, as discussed above.

(If you don’t know how to withdraw your crypto from Coinbase to Exodus, see our guide on how to do that).

How to Buy USDT in China

The way Tether works is that investors deposit US dollars with the Tether company. Tether then mints new USDT which the investor can withdraw. The same works in reverse, where an investor can send Tether some USDT and receive US dollars in return. This is one of the easiest ways to buy Tether in China.

Buy USDT UK

Kraken has a USDT/GBP trading pair which makes Kraken one of the easiest places to buy Tether for residents of the UK.

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USDT Wallet (Where to Store USDT)

Since Tether exists on three different blockchains there is not an official USDT wallet. That’s why the Exodus USDT wallet is one of the best crypto wallets that you can use (if you use the Ethereum-based USDT, which is the most popular USDT version).

Exodus is a reliable, secure, non-custodial (you control your crypto) cryptocurrency wallet with the advantage that it supports more than 100 crypto assets! So instead of having to download a Bitcoin wallet, Tether wallet, etc., you can use Exodus for all your crypto needs.

A few other advantages include:

USDT Price

The Tether price has remained mostly stable for the last year

USDT Blockchain

Tether is a very unique coin in that it actually exists on three different blockchains. A majority of Tether exists on Ethereum as an ERC20 token. However, Tether also runs on the Bitcoin and Tron networks.

This graph from ByBit shows which blockchains Tether is hosted on. Note that a majority of Tether is on Ethereum

Because of how Tether is set up you’ll need to use a different block explorer depending on which blockchain your Tether is on.

Anyway, we hope this buy USDT guide was helpful!

This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

How and Where to Buy Tether (USDT) – Detailed Guide

Jul 1, 2021 12:28 AM

What is USDT?

What Is Tether (USDT)?

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

Stablecoins are increasingly used as an inflation hedge in recent times; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%. However, keep in mind that regulatory, platform risks and more entail.

Who Are The Founders Of Tether?

USDT — or as it was known at the time, Realcoin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.

Reeve Collins was the CEO of Tether for the first two years of its existence. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.

Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.

What Makes Tether Unique?

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.

This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

What Is the Tether FUD About? Tether has been the target of a lot of FUD due to its murky balance sheet and lack of a public audit. The company has repeatedly been fined for misleading statements around the state of its books. After Tether released a first breakdown of its balances, it came under even more scrutiny from regulators over its claims that all issued stablecoins are fully backed by dollar reserves.

Even though a report supposedly cleared Tether from any allegations of wrongdoing, doubts remain. The company has been in repeated spats over its business practices, but most in crypto accept that Tether is, in a way, «too big too fail.»

Related Pages:

How Many Tether (USDT) Coins Are There In Circulation?

There is no hard-coded limit on the total supply of USDT — given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tether’s own policies. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the company’s actual cash reserves.

Moreover, Tether does not disclose its issuance schedules ahead of time. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation.

How Is the Tether Network Secured?

USDT does not have its own blockchain — instead, it operates as a second-layer token on top of other cryptocurrencies’ blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms.

Where Can You Buy Tether (USDT)?

It is possible to buy Tether / USDT on a large number of cryptocurrency exchanges. In fact, USDT’s average daily trading volume is often on par or even exceeds that of Bitcoin. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Here are some of the most popular exchanges that support Tether trading:

USDT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy USDT.

Step 1: Register on Fiat-to-Crypto Exchange

Updated 2022: Buy BTC or any cryptos with fiat instantly with Binance!

With Binance being more and more regulated in various countries, you can now buy Bitcoin or any other cryptos easily with your fiat money instantly with Binance! Just use the widget below or the button below to get your Bitcoin in less than five minutes! It’s really straightforward and no instructions are needed at all. After purchasing your first crypto you can simply skip to Step Three of this guide and continue.

If you are based in the United States, continue with the fiat guide below with the recommended fiat-to-crypto exchanges

Buy Tether in Seconds

Get up to 0.5% back

Excellent market prices

SEPA, Faster Payments, and SWIFT

Tether USDT

Market Stats

Tether (USDT) Price Performance

Why Nexo Is the Right Place to Buy Tether

Buy Instantly

Buy USDT with card in 7 seconds. Secure wire transfers are also accepted.

Get Excellent Prices

Get the most cost-efficient price across the top 10 crypto exchanges worldwide.

Stay Secure

How to Buy Tether

Once you open your Nexo account and verify your identity, then you have to:

Select Payment Option

Select the «Add Funds» option on your Dashboard and tap on «Credit/Debit Card».

Select the «Add Funds» option on your Dashboard and tap on «Credit/Debit Card».

Enter Your Details

Select Tether and enter your credit or debit card details.

Select Tether and enter your credit or debit card details.

Complete the Purchase

Preview your transaction details and confirm the purchase. It’s that easy!

Preview your transaction details and confirm the purchase. It’s that easy!

How to Buy Tether

Once you open your Nexo account and verify your identity, then you have to:

What Can You Do with Your Tether?

Earn Interest

Start earning daily compounding interest on your USDT immediately with our Earn on Crypto suite.

Exchange Seamlessly

Swap any asset for USDT with lightning speed and no price fluctuation on Nexo’s Crypto Exchange.

Borrow Instantly

Borrow funds from 0% APR without selling your USDT with Nexo’s Instant Crypto Credit Lines.

Spend without Selling

Spend the value of your Tether without selling it, using the world’s first USDT-backed credit card.

Boost Your Profits

Leverage against your USDT to acquire up to 3x more of your desired crypto with the Nexo Booster.

Send Tether

Make free, instant USDT transfers to all your friends, family or colleagues as long as they have a Nexo account.

Find answers to all your questions about buying Tether on Nexo.

How to buy Tether instantly with card?

First, you have to verify your identity which only takes a couple of minutes. Once you pass verification, then:

From the Dashboard, tap on the “Add Funds” option and select the “Credit/Debit Card”.

Pick Tether and enter how much you would like to spend.

Enter your credit or debit card details.

Confirm your purchase and you’re done! Your funds will instantly appear in your Nexo account.

By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions. There is no limit as to how many cards you add to your account.

How to buy Tether via bank transfer?

You can top up USD, EUR, or GBP from your local bank via our secure wire transfer option. Wires sent from the US generally take 1-2 business days to be reflected in your account. Wires sent from other countries typically take longer to process – up to 3 business days. GBP wires via Faster Payments are instant.

Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of USDT you want.

What’s the minimum amount of USDT you can buy?

Users take many variables into consideration when deciding how much Tether to buy. Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of USDT’s utility.

As USDT is pegged to the US dollar, questions such as “When is the right time to buy Tether?” and “Is it too late to buy Tether?” should be answered by first acknowledging the fact that investors usually don’t expect the price of stablecoins to appreciate.

How to earn up to 0.5% in crypto rewards on your USDT purchases?

To earn instant cashback, make sure at least 1% of your Portfolio Balance consists of NEXO Tokens. The cashback you get depends on your Loyalty Tier – the higher your Loyalty tier is, the more cashback you’ll earn.

If you want to get the maximum cashback of 0.5%, join the Premium Loyalty tier by holding at least 10% of your Portfolio Balance in NEXO.

To find out the exact cashback rates for each tier, visit our Help Center.

How do I start earning interest on my USDT?

You start earning interest automatically the next day after you add Tether to your Nexo Wallet. If you want to increase the amount of interest you earn by up to 2% you can opt to receive your interest in NEXO.

Is buying USDT taxable?

Buying and owning stablecoins is not taxable. However, selling or exchanging USDT must be reported on your taxes, even if you had no gain or loss. You can avoid taxable events while doing more than simply HODLing your USDT with the Nexo Card. It allows you to spend on everyday purchases while using your crypto as security for repayment, instead of selling it.

How does Nexo protect my USDT?

The security of the assets in your Nexo Account is guaranteed by our industry-renowned custodians and the leading authorities in compliance and includes:

$775M insurance from our custody partners via Lloyd’s of London and Marsh & Arch.

The finest custody solutions in the blockchain space, provided by SOC 2 Type 2 certified BitGo, Ledger Vault, and other partners.

Military-grade 256-bit encryption and fraud monitoring mechanisms, guaranteeing the safety of your funds.

ISO/IEC 27001:2013 accredited information security management systems.

You can learn more about our security and insurance here.

How to Buy USDT in Three Easy Steps – A Beginner’s Guide

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As the cryptocurrency evolves and changes, Stablecoin assets like Tether (USDT) are needed to ensure that investors can safely take profits and hold a safe-haven asset during market volatility. However, the process of buying USDT can be confusing for beginners, as it can be difficult to find reliable information on how to do it easily.

If you’re looking to buy USDT quickly and easily, we’ve got you covered. This guide will cover buying USDT from a beginner’s standpoint, ensuring the process is as easy as possible and answer some questions you may have about stablecoins and USDT.

In this guide:

How Can I Buy USDT?

The best way to buy USDT is through a cryptocurrency exchange like ByBit. Later on in our guide, we’ll cover all the steps you need to take to buy USDT.

What is a Stablecoin?

The main types of stablecoins are fiat-backed, cryptocurrency-backed and commodity-backed stablecoins. As Stablecoins are pegged to assets such as the U.S. dollar, crypto investors can invest in USDT to balance their portfolio and ensure they can hold a safe-haven asset when markets are unstable.

Tether (USDT) has the widest adoption and largest market capitalization as it is backed by capital reserves.

Are Stablecoins Good Investments?

Due to the safety provided by Stablecoins, many people hold and purchase USDT, making it a good investment.

Stablecoins were designed as a safe asset but can be used to facilitate quick and cheap payments or money transfers on a global scale. Stablecoins also provide a fast way to transfer deposits or withdrawals between fiat currencies to cryptocurrency exchanges. USDT can also be used across all major exchanges and crypto platforms.

Can I Make Money using Stablecoins?

Yes, you can! There are three main ways to make money using Stablecoins like USDT:

All three options provide you with yield rewards and generous earning potential. You can find more information on making money from Stablecoins and yield farms using our Learn section.

Now that you’re aware of some commonly asked questions regarding USDT, let’s talk about how to buy it!

Step 1: Sign Up for an Exchange

For this guide, we’re going to use leading cryptocurrency exchange ByBit to purchase USDT. To start the sign up process, head to their website and select “sign up” from the top bar.

Image credit: ByBit

From there, fill in the information on the form to get started. You can either sign up with Email or mobile. For this guide, we’re going to use an email address. Make sure you agree to the Terms of Service and enter a referral code if you have one.

Image Credit: ByBit

After you complete the form and select “Sign Up”, you’ll be asked to confirm whether you’re a resident of any of these countries. The countries shown below are restricted, meaning you won’t be able to use their service. if not applicable, simply select “No” to continue.

After you select the applicable option, you will be asked to enter the verification code that was sent to the email address that you signed up with. Simply head to your email account and find the 6-digit code in the email.

Image credit: ByBit

Next, head to the sign up screen and enter the 6-digit code you received via email into the form and select “Complete registration”.

Image credit: ByBit

Congratulations, your account has now been created! From there, you’ll be directed to a pop-up that will help you get started. To move onto buying your USDT, select the “I want to buy crypto” box and press “Buy Crypto”.

Image credit: ByBit

*Security tip*

Before you make your first purchase, it’s worth securing your account further by adding SMS verification and Google 2 factor authentication (2FA) to your account.

Simply head to your account by navigating to the top right of the page, select “Account & Security” and set it up.

Step 2: How to Buy USDT on Bybit

Now we’ve completed the sign up process, we can make our purchase of USDT using their FIAT gateway option. You can also navigate to this page by selecting “Buy crypto” from the top bar.

First, navigate to the left-hand side of the page to the Fiat Gateway section. To start, select the currency you want to use from the drop-down menu (Many major currencies are available on ByBit) and enter the amount you wish to buy in the box.

Image credit: ByBit

Next, navigate to the box underneath and select the USDT option from the drop-down menu.

Image credit: ByBit

From there, you will see a selection of service providers that can handle your purchase for you. Simply select the appropriate provider for you, follow their purchase processes and complete your transaction.

Image credit: ByBit

To complete your purchase, you will be redirected to the service providers website. Please be aware that will have to create an account and complete any necessary KYC verification before you can complete your purchase.

The providers listed all are trusted and vetted by ByBit so you can ensure that your purchase will go through safely.

Image credit: ByBit

Once you have completed your purchase, you will receive email notifications from the relevant provider that you used and confirmation from ByBit that your USDT purchase is available on your account.

From here, we can start using our USDT to trade with, earn from or simply hold.

Step 3: Using your USDT on ByBit

Now your USDT has been deposited on your ByBit account, you can use it in many ways. First, to locate your USDT and use your wallet, head to your account by navigating to the top right of the page and select “My Assets”.

From there, you will taken to a screen that displays your USDT assets and how much you have. You can now either Withdraw your USDT to another exchange or wallet or use the Exchange option to exchange your USDT for another asset.

Image credit: ByBit

Generally, investors choose to use a wallet that’s off an exchange, like a desktop or hardware wallet.

If you’d like to move your USDT off of ByBit, head to your wallet and select “Withdraw.” Next, copy the wallet address of your external wallet and paste it into the ByBit pop-up. Input the amount of USDT you’d like to transfer, click “Withdraw” and finish any necessary verification or authentication processes.

You can also use the Exchange option to swap your USDT to selected assets such as Bitcoin (BTC) or Ethereum (ETH). Simply select the assets you want to swap, enter the amount you wish to exchange and then select Convert. Easy!

Image credit: ByBit

That’s it! you’re now the proud owner of USDT! You’ve just learned how to buy USDT in the simplest way possible. Easy, right?

Now you have USDT, you can simply hold it or exchange it for another asset. You could even send it to another exchange or wallet and play around with some DeFi platforms and start earning on your assets.

It’s entirely up to you. If you want to learn more about cryptocurrencies or what you can do with your USDT, simply head to our Learn section to find everything you need to know in one handy place. Good luck out there!