Where & How to Buy Tether (USDT) in 2024 Best Places

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4.5
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Tether (USDT) is the famous stablecoin pegged to the US Dollar.

Investors usually buy Tether for trading, as most currencies are paired with USDT.

Today, we have curated a comprehensive list of the best crypto exchanges to buy USDT and an easy-to-follow strategy on how to buy Tether.

Keep reading for more info and to learn where to buy Tether.

Key Takeaways

  • Tether (USDT) is a stablecoin, pegged 1:1 to the USD
  • Tether can be used on DeFi platforms
  • Centralized exchanges are the best places to buy USDT
  • Investors can use credit/debit cards, bank transfers, or other crypto to purchase USDT
  • USDT can be purchased on Telegram

How to Buy Tether (USDT) – Step by Step

The most straightforward way to buy crypto like USDT is through a reputable cryptocurrency exchange.

Follow these five steps to get USDT:

  • Step 1: Choose a trusted cryptocurrency exchange
  • Step 2: Create and verify your account
  • Step 3: Deposit funds into your account
  • Step 4: Navigate to the USDT trading pair or instant buy tool
  • Step 5: Place your buy order for USDT

1. Choose a Trusted Cryptocurrency Exchange

First, select a reliable, secure cryptocurrency exchange that supports USDT. In your research, consider exchanges with:

  • Robust security measures
  • High liquidity across various trading pairs
  • A user-friendly interface
  • Responsive customer support
  • Insurance
  • Transparent fee structures, no hidden fees
  • General transparency, regarding company information, trading volumes, and security practices

Security measures include, but are not limited to two-factor authentication (2FA) option, encryption protocols, and regular security audits.

Some crypto exchanges also offer cold storage for storing users’ funds.

Well-established exchanges have high liquidity. This means you can buy and sell your assets quickly.

High liquidity is ideal for trading since there’s enough money on the exchange for all trades to close smoothly.

Exchanges with a user-friendly interface help you manage around with ease. Such platforms are great for new investors. With a simple interface, you won’t have to look around for a button or a feature.

Still, to decide which interface suits you, you’d have to register on several platforms. Alternatively, you can read our exchange reviews to start.

Coinbase is often cited as a straightforward platform, while KuCoin is geared towards experienced traders.

Responsive customer support often makes all the difference when it comes to investing.

Check the official subreddit of the exchange, Telegram groups, and comments on Medium to see if users are happy with your first choice.

You can also try to contact support yourself and ask a few questions to experience it firsthand.

Insurance is important, yet not all exchanges offer it.

In cases where there is insurance, your funds might be secured against exchange hacks, but not the mistakes you can make, such as clicking a phishing link.

Transparent fee structures and no hidden fees are important as these affect your total costs.

Usually, you’d gain an overview of all the fees at the moment of transaction. However, some exchanges clearly state fees so you can decide how you’ll transact immediately.

Finally, there should be a degree of general transparency regarding company information, trading volumes, and security practices. Uphold is one of the best examples of transparency in the crypto industry.

2. Create and Verify Your Account

Once you’ve chosen an exchange, you’ll need to create an account by providing your email address and personal information and then verifying your identity.

This process, known as Know Your Customer (KYC), is a common practice in the cryptocurrency industry for regulatory and fraud prevention purposes.

Depending on the exchange and your location, you may need to provide various forms of identification for KYC.

An exchange typically requires a government-issued ID (passport, driver’s license, or ID card), proof of address (utility bill or bank statement), and sometimes a selfie or video verification to confirm your identity.

KYC is done through a verification section of the exchange’s website or mobile app.

If it’s done automatically, it’ll be done within minutes. Some exchanges handle this manually, and you’ll wait for several days.

3. Deposit Funds Into Your Account

After verifying your account, you’ll need to deposit funds into your exchange wallet.

Most exchanges accept various payment methods, including bank transfers, credit/debit cards, and other cryptocurrencies.

You can deposit funds in three simple steps:

  1. Log in to your newly created exchange account
  2. Navigate to the deposit section of the exchange and select the currency you want to deposit (USD, EUR, BTC, etc)
  3. Follow the instructions provided by the exchange to deposit funds into your account

4. Navigate to the USDT Trading Pair or Instant Buy

Next, locate the USDT trading pair in the trading section of the exchange.

The trading section can be labeled as “Trade,” “Markets,” “Buy/Sell,” “Pairs,” “Exchange Markets,” etc.

The USDT trading pair is typically displayed as USDT/USD, USDT/BTC, USDT/ETH, or similar combinations, depending on the exchange’s offerings.

Alternatively, you can look for an instant buy feature on the platform. This tool lets you purchase USDT immediately.

Since Tether is tied to the US dollar, you don’t have to wait for it to hit a certain price.

5. Place Your Buy Order for USDT

Once you’ve found the USDT trading pair, place a buy order in the “Buy” tab.

You can place different types of buy orders, including market orders (executed immediately at the current market price) or limit orders (executed at a specific price).

Specify the amount of USDT you want to purchase and review the order details before confirming the transaction.

Most exchanges charge trading fees, so be aware of these added costs.

Where to Buy Tether (USDT) – Best Place to Buy USDT

When considering where to buy USDT, reputable crypto exchanges are one of the best options.

These platforms offer a wide range of trading pairs, robust security measures, and high liquidity, providing you with a reliable and convenient way to purchase USDT. You can get USDT on:

  • Centralized crypto exchanges (CEXs)
  • Crypto wallets
  • Peer to Peer (P2P) platforms
  • Cryptocurrency ATMs
  • Decentralized finance (DeFi) platforms
  • Decentralized exchanges (DEXs)
  • Over-the-counter (OTC) trading desks
Coinbase

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4.5
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Pros

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  • Offers a variety of assets
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Cons

  • High Transaction Fees compared to other centralized exchanges. Coinbase Pro offers much better fees!
  • Customer support problems. This has been the main complaint against Coinbase, although they have committed to hiring more staff.
  • Controls customers' private keys
  • Restricted to many countries
  • Doesn't offer many advanced services

General Information

Year Founded

  • 2012

Headquarters

  • United States

Licenses

  • United Kingdom
  • Ireland
  • Australia
  • +4

Cryptocurrencies

  • Bitcoin
  • Ethereum
  • Tether
  • +581

Languages

  • German
  • Japanese
  • Italian
  • +9

Support languages

  • English

Features

  • Coinbase One
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  • +9
Kraken

Kraken

4.5
/ 5
Available in United States
Kraken is available
Bonus Available

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Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base. With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros

  • Supports hundreds of coins
  • High liquidity
  • Simple and user-friendly interface
  • Good customer support options
  • Lots of advanced trading features like margin, futures, and indices trading

Cons

  • No insurance fund for assets on the platform
  • Doesn’t offer a crypto credit card
  • No personal wallet service for traders
  • Supports only a few fiat currencies

General Information

Year Founded

  • 2011

Headquarters

  • United States

Licenses

  • United Kingdom
  • Australia
  • Canada
  • +3

Cryptocurrencies

  • Bitcoin
  • Ethereum
  • Tether
  • +215

Languages

  • Japanese
  • Italian
  • English
  • +9

Support languages

  • German
  • Italian
  • English
  • +4

Features

  • Cryptowatch
  • Forks
  • +8
Binance US

Binance US

4.33
/ 5
Available in United States
Binance US is available
Bonus Available

Get $10 USD when you sign up with a referral link from a friend, and make qualifying trades.

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Pros

  • Very low trading fees
  • Lots of educational resources available
  • So fast that it processes 1.4 million orders per second
  • High liquidity to customers
  • Attention to security, and constant innovation

Cons

  • Not available in some US states
  • Fewer crypto to crypto pairs than other exchanges
  • Lengthy identity verification process
  • Parent company was hacked in 2019
  • Limited selection of crypto assets

General Information

Year Founded

  • 2019

Headquarters

  • United States

Licenses

  • American Samoa
  • Guam
  • United States

Cryptocurrencies

  • Bitcoin
  • Ethereum
  • Tether
  • +142

Languages

  • English

Support languages

  • English
  • Spanish

Features

  • Conversion
  • Institutions
  • +3
Available in United States
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Pros

  • Extensive list of supported cryptocurrencies
  • Hardware wallet support
  • With its Visa cards, you can spend your crypto and earn rewards
  • Easy to purchase NFTs on the platform using either fiat or certain cryptos

Cons

  • Higher fees for those who don't hold and use CRO
  • Poor customer service
  • Lack of educational resources
  • Slow in-app live support

General Information

Year Founded

  • 2016

Headquarters

  • Singapore

Licenses

  • Malta
  • United Kingdom
  • Cyprus
  • +3

Cryptocurrencies

  • Bitcoin
  • Ethereum
  • Tether
  • +269

Languages

  • Danish
  • Italian
  • Spanish
  • +12

Support languages

  • Italian
  • English
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Features

  • Supercharger
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  • +2
Gemini

Gemini

4.5
/ 5
Available in United States
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Bonus Available

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Pros

  • Trading on all major cryptocurrencies, plus USD
  • An investment program with a large annual interest
  • Gemini Pay supports cryptocurrency payments in stores
  • Exchange is properly certified, regulated and licensed
  • Lots of educational resources for users

Cons

  • Not beginner-friendly trading terminal
  • Limited customer service
  • Complicated add-on fees
  • Higher fees than some other exchanges
  • Operates with only USA license

General Information

Year Founded

  • 2015

Headquarters

  • United States

Licenses

  • United States

Cryptocurrencies

  • Bitcoin
  • Dogecoin
  • Litecoin
  • +123

Languages

  • Italian
  • English
  • Spanish
  • +1

Support languages

  • English
  • Spanish

Features

  • Clearing
  • Gemini Dollar
  • +5

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

1. Centralized Crypto Exchanges (CEXs) – Recommended Method

Centralized exchanges are widely regarded as the most convenient and beginner-friendly option for buying USDT. At the same time, they’re the safest crypto exchanges to use.

These platforms act as intermediaries, facilitating the buying and selling of cryptocurrencies, including USDT.

Major exchanges offer USDT trading pairs, have robust security measures, and are known for user-friendly interfaces.

CEXs also support various payment methods, such as bank transfers, credit/debit cards, and other cryptocurrencies, making it easier for users to fund their accounts and purchase USDT.

2. Crypto Wallets

While crypto wallets are not designed for directly buying USDT, they can be used to store, send, and receive Tether.

Popular wallet options that support USDT include MetaMask and Trust Wallet (software wallets), Ledger and Trezor (hardware wallets), and even paper wallets.

A personal wallet provides you with greater control over your USDT holdings.

It is a secure storage and management of the tokens without relying on third-party custodians (exchanges).

Some wallets support USDT crypto lending and act as the best crypto interest accounts, allowing you to potentially grow your holdings over time.

Finally, wallets often have integrated exchange services or decentralized applications (dApps).

These allow you to directly purchase USDT and other cryptocurrencies using fiat or other assets you hold.

This streamlines the buying process by eliminating the need to go through a separate centralized exchange.

3. Peer to Peer (P2P) Platforms

Peer-to-peer platforms facilitate direct transactions between buyers and sellers, allowing you to buy USDT from individuals instead of centralized exchanges.

These platforms often offer greater privacy and potentially lower fees compared to traditional exchanges, as buyers and sellers can negotiate rates directly.

They are also beneficial for their flexible payment options and cross-border availability.

Individuals may accept alternative payment methods like gift cards or mobile top-ups.

The main downside of P2P platforms is they are typically subject to fewer regulatory oversights, increasing the risk of scams.

4. Cryptocurrency ATMs

In certain locations, you can buy USDT using cryptocurrency ATMs.

These ATMs function similarly to traditional ATMs, allowing you to deposit cash and purchase USDT tokens.

They are easily accessible, and located in high-traffic areas – shopping malls, transportation hubs, and city centers.

Quick transactions and anonymity are also a huge plus when it comes to crypto ATMs.

However, the availability of USDT-compatible ATMs may be limited in some areas.

Still, fees can be higher compared to other methods.

You should also be mindful of the security risks associated with carrying large sums of cash and handling physical cash transactions.

5. Decentralized Finance (DeFi) Platforms

Decentralized finance (DeFi) platforms offer an alternative way to buy USDT through decentralized applications (dApps) built on blockchain networks like Ethereum.

These platforms allow you to access USDT liquidity pools, enabling you to swap other cryptocurrencies for USDT or participate in lending and borrowing protocols.

Popular DeFi platforms are Aave, Nexo, and Lido.

Still, DeFi platforms can be complex and may require a higher level of technical knowledge and understanding of smart contracts.

If you’re a newbie, you may find the principles of blockchain technology, such as consensus mechanisms, gas fees, and wallet management confusing.

In that case, you can read about common terms online, start with small investments, and make sure to use reputable, established DeFi platforms.

Look for educational resources on the platform itself to learn how it works, as all of them are somewhat different.

6. Decentralized Exchanges (DEXs)

Decentralized exchanges (DEXs) are non-custodial trading platforms that facilitate peer-to-peer transactions without the need for a central authority.

Popular DEXs are OKX, Uniswap, PancakeSwap, and SushiSwap.

DEXs offer increased privacy and security, and they are resistant to censorship.

They often have a wide range of cryptocurrencies available, providing you with more investment opportunities.

Some of them support USDT trading pairs, allowing you to buy USDT directly from other traders.

DEXs may have lower liquidity and higher trading fees compared to centralized exchanges.

Like DeFi platforms, using DEXs often requires a deeper understanding of blockchain technology and the self-custody of cryptocurrencies.

7. Over-The-Counter (OTC) Trading Desks

Over-the-counter (OTC) trading desks provide personalized service, competitive rates, and efficient settlement for substantial USDT purchases or sales.

OTC desks are good for large-volume USDT transactions because they provide a single, negotiated price for the entire order.

Other benefits include access to deep liquidity pools and tailored solutions for institutional or high-net-worth investors.

The disadvantages of OTC desks include higher minimum trade sizes and may require stringent verification processes.

Additionally, you may face limited transparency regarding trade execution and pricing mechanisms.

Alternative Ways to Buy USDT

In this section, you can explore how to get USDT alternatively. Three recommended alternative methods are:

  • PayPal
  • Telegram
  • Credit/debit card

PayPal

To buy USDT using PayPal, you’ll need to link it to a cryptocurrency exchange or platforms that support PayPal as a payment method. Here’s how it works (it’s similar to Cash App):

  1. Select an exchange or platform that allows USDT purchases via PayPal
  2. Create an account and complete a necessary verification process
  3. Link your PayPal account to your exchange account
  4. Navigate to the USDT trading pair and place a buy order
  5. Selecting PayPal as your payment method

One of the primary benefits of using PayPal to buy crypto like USDT is the convenience and familiarity it offers, as many people already have PayPal accounts.

Telegram

To buy USDT on Telegram, you can leverage the platform’s diverse community and utilize services offered by reputable Telegram groups or bots.

Here’s a general overview of the process:

  1. Join trusted Telegram groups or channels that facilitate USDT trading or connect with verified bot services
  2. Initiate a conversation with a reputable seller or interact with the trading bot, specifying your desired amount of USDT
  3. Agree on the terms of the trade, including the payment method
  4. Complete the transaction by sending the agreed-upon payment to the seller or following the bot’s instructions
  5. Receive the USDT tokens in your designated wallet address

The primary benefit of using Telegram is the convenience and accessibility it provides.

The platform is widely available on various devices.

Additionally, Telegram offers a degree of anonymity, as transactions can be conducted without extensive personal information sharing.

However, it’s crucial to exercise caution when using Telegram for USDT purchases, as the risk of scams or fraudulent activities can be higher compared to regulated platforms.

Credit/Debit Card

To buy USDT with a credit or debit card, utilize cryptocurrency exchanges and platforms that support card payments. You can do it in five simple steps:

  1. Choose an exchange or platform that allows USDT purchases with credit/debit cards
  2. Create an account and complete the required ID verification steps
  3. Navigate to the USDT trading pair and select the option to purchase with a credit or debit card
  4. Enter your card details and the desired amount of USDT you wish to buy
  5. Confirm the transaction, and the USDT tokens will be credited to your exchange wallet

The primary benefit of using credit or debit cards to buy USDT is the immediacy of the transaction.

Card payments are widely accepted and familiar to most users, eliminating the need for additional payment methods or bank transfers.

Additionally, some platforms may offer purchase protection or buyer safeguards when using cards.

However, it’s worth noting that card purchases often incur higher fees compared to other payment options.

Some platforms may have limits on the maximum purchase amount.

Finally, some credit card issuers may consider crypto purchases as cash advances. This means higher interest rates you’ll have to pay.

How to Store USDT

The best way to store USDT securely is by using cryptocurrency wallets with enabled 2FA. There are two main options to consider: hot wallets and cold wallets.

Hot Wallets

Hot wallets, such as software wallets or mobile wallet apps, are connected to the internet. One such example is Crypto.com.

Many crypto exchanges like Binance and Kraken also offer mobile apps that double as wallets.

This type of crypto storage provides convenience and easy access to your USDT.

You can use a hot wallet to store and transfer USDT anywhere with an internet connection.

The caveat is they are considered less secure than cold wallets due to vulnerabilities.

This type of wallet is ideal if you’re looking to trade USDT daily.

Cold Wallets

Cold wallets, like hardware wallets or paper wallets, store your USDT offline. They offer enhanced security by isolating your tokens from online threats.

However, they are less convenient for frequent transactions.

Accessing funds stored in cold wallets requires physical access to the device or paper wallet.

It involves additional steps, such as connecting the hardware wallet to a computer or inputting private keys manually.

These wallets are great for long-term holding.

Why Should You Buy USDT? What is it Good For?

USDT is an ERC-20 stablecoin, meaning it’s tied to a stable asset, the USD, at a 1:1 ratio. The main benefits of buying USDT are:

  • Stability during market downturns or periods of high volatility
  • Quick, affordable transactions
  • Stablecoin trading pair variety
  • Great opportunities for trading without needing to convert back to fiat currencies
  • High liquidity for both traders and investors

USDT also plays a crucial role in the decentralized finance (DeFi) space.

It’s widely used in lending, borrowing, and yield farming protocols.

Tether exists on various blockchain networks, including Algorand, Avalanche, Ethereum, Liquid Network and similar.

Its stability and compatibility with DeFi protocols make it an attractive asset for earning crypto interest or participating in various DeFi opportunities.

Overall, USDT offers a unique combination of stability, liquidity, and utility within the cryptocurrency market.

It is a valuable asset for investors, traders, and participants in the growing DeFi ecosystem.

Why Trust Us?

At CryptoManiaks, we pride ourselves on offering expert guidance on the best platforms and methods to show you how to buy Tether.

Our recommendations are grounded in analyzing key factors such as platform security, user experience, and trading options.

As active participants in the cryptocurrency space, our team provides practical insights and first-hand experiences, ensuring the information we provide is relevant, up-to-date, and reliable.

CryptoManiaks prioritizes user-centric guidance, catering to both newcomers and experienced traders in the USDT market. Transparency is as important to us as it is to you.

We present unbiased reviews, objectively detailing both the strengths and potential considerations of each platform or method.

Our commitment is to empower you with the knowledge and tools necessary to make informed decisions, ultimately facilitating a smooth and secure journey into the world of stablecoins, such as USDT.

Frequently Asked Questions

  1. 01.

    Is There a Minimum Amount of Usdt That I Can Purchase?

    The minimum amount of USDT that you can buy depends on how much you want to invest. Even small investors have access to this stablecoin and can participate in the cryptocurrency market. Sometimes, this minimum amount may vary depending on the exchange.

  2. 02.

    Who Accepts Usdt as a Form of Payment?

    USDT is widely accepted as a form of payment by various online retailers and service providers. Many e-commerce platforms have integrated USDT into their payment systems, allowing customers to make purchases using this stablecoin. Certain brick-and-mortar stores and businesses accept USDT through specialized payment processors that convert the cryptocurrency into local currency.

  3. 03.

    Who Has the Best Exchange Rate for Buying USDT?

    Major exchanges like Kraken, Coinbase, and Binance consistently offer competitive rates. Even some less-known exchanges such as Uphold tend to offer favorable rates when purchasing USDT.

  4. 04.

    What Security Measures Are in Place When Buying USDT?

    All reputable cryptocurrency exchanges require you to undergo a thorough verification process which involves providing identification documents and proof of address. Additionally, most exchanges employ advanced encryption protocols to safeguard user data and funds. Exchanges also offer 2FA as an additional layer of security.

  5. 05.

    Who Can Provide Information on the Legality of Buying USDT in My Country?

    The most reliable source of information is your relevant local government body. Consulting with licensed financial institutions or reaching out to reputable cryptocurrency exchanges operating in your country can offer valuable insights into the legality of buying USDT. Remember to always verify the credibility of the sources to ensure accurate information.

Rica Dela Peña @ CryptoManiaks
Rica Dela Peña

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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