A Comprehensive Guide on How to Buy USDT

Tether, a leading stablecoin, has become increasingly popular since its launch due to its stability and widespread use in the crypto market. We’ll show you simple, fast, and secure ways to buy and store Tether. To keep things short, we believe that Binance is the best option to buy Tether. Why Binance?

The following table explains why Coinbase is the best choice for buying Tether.

Tether (USDT), a leading stablecoin, has become a popular choice for cryptocurrency traders and investors due to its price stability and widespread adoption. We’ll show you simple, fast, and secure ways to buy and store Tether. To keep things short, we recommend Binance as the best option to buy Tether. Why Binance?

Binance is a highly reputable platform known for its security measures and user-friendly interface. While you can use external wallets, Binance offers a secure environment for storing your Tether. Withdrawals are processed instantly, ensuring you have quick access to your funds.

In terms of cost-effectiveness, Binance’s fees are highly competitive at 0.10%, much lower than many other exchanges. For comparison, Kraken charges around 0.26% for similar transactions.

Binance places a high priority on user security with features like two-factor authentication to further protect your account. They also offer responsive customer support, typically replying within a few hours. (We’ve personally experienced their helpful customer service firsthand.)

The platform’s interface is designed for ease of use, catering to both beginners and experienced traders. With dedicated apps for both Android and iOS, managing your Tether holdings and making trades is convenient from anywhere.

Binance is one of the most popular and efficient platforms to buy Tether (USDT). Here’s how you can buy Tether easily, securely, and quickly on Binance.

Step 1: Sign Up for Binance

To start buying Tether, create an account on Binance. Visit Binance.com and click “Register.” You will need to enter your name, email, and password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Binance requires identity verification for compliance with regulatory standards. You’ll need to upload a government-issued ID and provide personal details such as your address and date of birth. This step is quick and straightforward.

Step 3: Add a Payment Method

To buy Tether, you need to link a payment method. Binance supports several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• PayPal: Binance also supports PayPal for deposits and withdrawals in certain regions.

Step 4: Buy Tether

Once your account is set up and your payment method is linked, you’re ready to buy Tether!

1. On the Binance dashboard, go to the “Buy Crypto” section.
2. Select Tether (USDT) from the list of available cryptocurrencies.
3. Enter the amount of Tether you want to purchase, either in your local currency (e.g., USD, EUR) or USDT.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to finalize the purchase.

Step 5: Store Your Tether Securely

After buying Tether, it will be stored in your Binance wallet. For added security, consider transferring your Tether to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than leaving it on Binance, which is an online exchange.

Benefits of Buying Tether on Binance:

• User-Friendly Interface: Binance offers a sleek, intuitive platform that is easy for both beginners and experienced traders to navigate.
• High Security: Binance uses industry-standard security measures like two-factor authentication (2FA) to safeguard your funds.
• Wide Payment Options: Binance supports various payment methods, including bank transfers, credit cards, and PayPal.

Binance is one of the largest and most well-known cryptocurrency exchanges globally, celebrated for its security measures and user-friendly platform. As of May 2019, Binance has introduced the ability to directly purchase Tether (USDT) with Euros (EUR) or US Dollars (USD), making it easier than ever to buy Tether on this platform. In this guide, we’ll show you how to purchase Tether through both credit card transactions and cryptocurrency exchanges.

Step 1: Register on Binance

Binance offers the option to verify your identity, which, although optional, increases your daily withdrawal limit to 100 BTC. Without verification, the daily limit is 2 BTC, but you can still access all other platform features.

Step 2: Buy Tether with a Credit Card

To buy Tether (USDT) via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Tether (USDT) as your cryptocurrency and select either Euro or USD as your payment currency.
3. Enter Your Personal Information: Fill out the required fields with your personal details.
4. Verify Email and Phone Number: You will need to verify your email and phone number through a code.
5. Proceed to Payment: After verification, click “Next” to input your credit card information.
6. Upload ID for Verification: Upload the front and back of your passport to verify your identity and complete the process.

Important Notes Before and After Your Purchase

• Tether Price Fluctuation: The price displayed for Tether is based on the current rate and may change. If the rate fluctuates by more than ±2.5%, you will be prompted to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: You can check the payment status and deposit history through Simplex after completing your purchase.

Step 3: How to Trade Tether on Binance

If you already own other cryptocurrencies, such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Bitcoin (BTC), you can deposit them into your Binance account and exchange them for Tether. Here’s how to exchange Ethereum (ETH) for Tether (USDT):

1. Deposit Ethereum (ETH): If you have Ethereum (ETH) in another wallet or exchange, send it to your Binance Ethereum wallet address. If not, purchase Ethereum from platforms like Litebit and provide your Binance Ethereum wallet address for direct transfer.
2. Access the Deposit Section: Once logged in, click “Funds” in the navigation bar and select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” to get your Ethereum wallet address, which you will use to transfer ETH from another wallet or exchange to Binance.
4. Exchange Ethereum for Tether: Once your Ethereum arrives in your Binance account, go to the “Markets” tab, select “ETH/USDT,” and place an order to exchange it for Tether.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading with leverage for advanced users, allowing you to amplify your trades (and risks). Make sure you understand leverage trading before using this feature.
• Security: Activate two-factor authentication (2FA) for added account protection. Binance also uses cold storage for cryptocurrency funds and offers insurance for major losses.

Kraken Kraken is a regulated and secure crypto custodian, with licenses across various jurisdictions worldwide, ensuring compliance with stringent security standards and oversight by financial authorities. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, demonstrating its exceptional security features.

Kraken offers the flexibility of using external wallets but also provides a highly secure environment for storing your Tether (USDT). Unlike some platforms that may impose delays, Kraken processes withdrawals quickly, ensuring that you can access your funds without unnecessary waiting.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s tiered trading fee structure offers a low 0.16% fee for makers and 0.26% for takers, making Kraken an attractive option compared to many other platforms.

Security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption protecting your account. Kraken also offers excellent customer support that responds promptly whenever you need assistance.

Kraken is designed with ease of use in mind, making it accessible for both beginners and experienced traders. The platform’s intuitive interface is supported by mobile apps for Android and iOS, so you can manage your Tether portfolio and execute trades efficiently from anywhere.

Kraken is one of the most secure and trusted platforms for buying Tether (USDT). Here’s how you can buy Tether securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying Tether, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You’ll need to enter your name, email, and create a secure password. After that, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You’ll need to upload a government-issued ID and provide personal information, such as your address and date of birth. This verification process ensures your security and should take only a few minutes.

Step 3: Add a Payment Method

To purchase Tether, you must link a payment method. Kraken offers various options, including:

• Bank Account: This method is ideal for lower fees and higher transaction limits.
• Credit or Debit Card: Perfect for faster purchases, but fees tend to be slightly higher than bank transfers.
• Wire Transfers: Kraken supports wire transfers in various countries, ideal for larger purchases.

Step 4: Buy Tether

Once your account is set up and a payment method is linked, you’re ready to purchase Tether (USDT)!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Tether (USDT) from the list of available cryptocurrencies.
• Enter the amount of Tether you’d like to purchase, either in your local currency (e.g., USD, EUR) or in USDT.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any applicable fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Tether Securely

After purchasing Tether, it will be stored in your Kraken wallet. For added security, it’s recommended to transfer your Tether to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than leaving it on Kraken, which is an online exchange.

Benefits of Buying Tether on Kraken:

• User-Friendly Interface: Kraken’s simple and intuitive design makes it easy for both beginners and experienced users to navigate.
• High Security: Kraken employs top-tier security measures like two-factor authentication (2FA) and offers insurance for funds stored in its vault.
• Competitive Fees: Kraken offers low, competitive fees that are ideal for both small and large transactions.
• Multiple Payment Options: Kraken supports a variety of payment methods, including bank transfers, credit cards, and wire transfers, catering to different user preferences.

About Kriptomat

In contrast to established brokers like eToro, Kriptomat is a relatively young crypto exchange that is fast gaining trust. On Kriptomat, you can buy over 30 cryptocurrencies directly with Euros (EUR), USD, and other currencies, and transfer them easily to external wallets. However, note that the platform is currently restricted to Europe, so investors from regions like the USA cannot use it.

Kriptomat is focused on providing a simple, modern user interface, making it an ideal choice for beginners. The platform is fully licensed by the Estonian government, ensuring it adheres to high regulatory standards.

One of Kriptomat’s unbeatable advantages is its fee structure. Unlike other exchanges that add a price premium, Kriptomat ensures that the price you pay matches the spot price of Tether (USDT). Kriptomat only charges a small fee for each transaction, and these fees are displayed transparently during the purchase process.

Set up a Tether Account on Kriptomat

To buy Tether (USDT) on Kriptomat, you first need to create an account. Visit the official website, kriptomat.io, and click on the “Register” button. A pop-up window will appear where you need to enter your first and last name, email address, and a password for your account.

After submitting this information, Kriptomat will send a confirmation email with a link to verify your account. Once you’ve clicked the verification link, you can log in using your new credentials, but the registration process isn’t finished yet.

Kriptomat requires you to verify your phone number before you can proceed with buying Tether. You will receive an SMS containing a verification code that you need to enter on the website. The registration process still isn’t complete at this point.

To finish verifying your account, click the prompt to begin the identity verification. A new pop-up window will appear where you will need to input your full address (street, city, country) and upload a photo or scan of your government-issued ID or passport.

Kriptomat offers an easy solution for this verification process, allowing you to continue registration via your smartphone. A link will be sent to your phone, where you can take a photo of your ID (front and back) and upload it immediately.

Next, you will need to take a selfie for the verification process, which you can do using your smartphone’s camera. If you plan to buy Tether (USDT) via SEPA bank transfer, you must add your bank account details to your Kriptomat account in the last step. If you are using Neteller, Skrill, or a credit card, this step isn’t necessary.

Once you’ve completed the registration process, you will have full verification and no further verification levels are required, allowing you to start purchasing Tether (USDT) immediately.

Buy Tether on Kriptomat

Buying Tether (USDT) on Kriptomat is quick and straightforward. First, go to the “Buy/Sell” tab and select the “Buy” option. You’ll then be able to choose Tether (USDT) from the list of available cryptocurrencies.

Next, choose from four available payment methods:

• SEPA Bank Transfer: This option requires you to add your bank account details to your Kriptomat account.
• Credit Card, Neteller, or Skrill: These methods allow you to make immediate purchases without entering additional data.

In the fourth step, enter the amount of Tether (USDT) you want to buy. After clicking “Buy Tether,” you will see a breakdown of the transaction fees. To confirm the purchase, simply click “Confirm transaction.”

Kriptomat will process your purchase and, within seconds, your Tether (USDT) will appear in your “My Wallet” section. The transaction will be confirmed, and the purchase is complete.

For an easier understanding of the process, Kriptomat also offers a tutorial video summarizing the entire buying process.

Anycoin is a well-established cryptocurrency exchange that provides a simple and secure way to buy and sell Tether (USDT) and other cryptocurrencies. It caters to both beginners and more experienced traders by offering an intuitive platform and a range of features that make crypto trading easier and safer.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for beginners to start trading and for more advanced users to access comprehensive features.
2. Wide Selection of Cryptocurrencies: In addition to Tether (USDT), Anycoin supports a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, allowing users to diversify their portfolios.
3. High Security Standards: Security is a priority at Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions, ensuring the safety of your digital assets.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to reduce costs while trading cryptocurrencies.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using a variety of payment methods, including bank transfers, credit cards, and PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, enabling users to purchase Tether (USDT) and other cryptocurrencies without long delays, giving you quick access to your funds.
7. Support for Wallets: While Anycoin offers its own wallet for storing your crypto, it’s highly recommended to use a personal wallet for added security, such as a hardware wallet or other secure storage options.
8. Dedicated Customer Support: Anycoin provides responsive customer support to assist with any issues or inquiries that may arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your Tether (USDT) portfolio and execute trades on the go.

How to Buy Tether (USDT) on Anycoin:

1. Create an Account: Begin by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Once completed, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will require you to verify your identity to comply with regulatory requirements. This process may involve submitting a government-issued ID and some personal information.
3. Link a Payment Method: To buy Tether (USDT), link a payment method to your account. Anycoin supports multiple payment options, including bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Tether (USDT), and enter the amount you wish to purchase. Review the transaction details and fees, then confirm your purchase.
5. Store Your Tether Securely: After purchasing Tether (USDT), it will be stored in your Anycoin wallet. However, for enhanced security, it is recommended to transfer your Tether to a personal wallet, such as a hardware wallet, for safer storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s user-friendly interface makes it easy for both beginners and experienced traders to navigate and trade cryptocurrencies.
• Secure Platform: Anycoin prioritizes security with advanced measures, including two-factor authentication (2FA) and SSL encryption, to ensure your funds are protected.
• Variety of Cryptocurrencies: Anycoin allows you to buy Tether (USDT) and a wide range of other major cryptocurrencies.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
• Quick Transactions: The platform processes transactions quickly, giving you fast access to your purchased Tether (USDT) and other cryptocurrencies.

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Tether (USDT), Bitcoin (BTC), Ethereum (ETH), and more. Known for its advanced features and high liquidity, Bybit is favored by experienced traders, especially those interested in leveraging trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a variety of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting tools and technical analysis features to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is especially helpful for traders who need to execute large trades without significant slippage, making it reliable for both day traders and long-term traders.
3. Leverage Trading: One of Bybit’s standout features is leverage trading. Users can trade with leverage to amplify their positions, increasing potential profits. However, it is important to approach leverage with caution due to the higher risks involved.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, ensuring accessibility for both beginners and experienced traders alike.
5. Security Features: Bybit prioritizes security with two-factor authentication (2FA), cold storage for assets, and an insurance fund to cover extreme market conditions. These measures help ensure that user funds are well protected.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps replicate many of the desktop features, ensuring flexibility for traders who need constant access to the markets.
7. Fast Transactions: Bybit is known for its fast order execution, enabling seamless transactions that are crucial in volatile markets.
8. Referral Program: Bybit provides a referral program where users can earn rewards by inviting others to join the platform. This allows traders to grow the community while earning additional income.
9. Customer Support: Bybit provides 24/7 customer support through live chat, email, and other communication channels, ensuring that help is readily available whenever needed.

How to Buy Tether (USDT) on Bybit:

1. Create an Account: Begin by visiting the Bybit website and clicking “Sign Up.” Enter your email address and create a secure password. After registering, you will receive a verification email to activate your account.
2. Verify Your Identity: Bybit may require you to complete the KYC (Know Your Customer) verification process to comply with regulatory standards. This process involves uploading a government-issued ID and providing some personal details to verify your identity.
3. Deposit Funds: After your account is set up, you’ll need to fund it. Bybit supports deposits in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). You can deposit these directly into your Bybit wallet.
4. Buy Tether (USDT): To buy Tether (USDT) on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select Tether (USDT) as the cryptocurrency you want to purchase.
   • Choose your trading pair (e.g., USDT/BTC).
   • Enter the amount of USDT you wish to buy and review the transaction details.
   • Confirm your purchase to complete the transaction.
5. Store Your Tether: After purchasing Tether (USDT), it will be stored in your Bybit wallet. For enhanced security, it’s recommended to transfer your USDT to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is perfect for traders looking for advanced features like margin trading, leverage, and access to a wide range of cryptocurrencies.
• Fast Execution and High Liquidity: Bybit offers fast order execution and deep liquidity, crucial for active traders in fast-moving markets.
• Security: Bybit emphasizes security with features like two-factor authentication (2FA), cold storage for assets, and an insurance fund for market disruptions.
• Mobile Trading: Bybit’s mobile apps make it easy to trade and manage your portfolio anywhere, at any time.
• Competitive Fees: Bybit offers low trading fees, making it an attractive option for traders looking to minimize transaction costs.
• 24/7 Support: Bybit’s customer support team is available around the clock to help resolve any issues quickly and effectively.

Best USDT wallet: Electrum

When using a desktop wallet, we highly recommend the Tether (USDT) Electrum Wallet. Below, we will show you how to download and use it step by step. First, visit the official site and download the wallet (click here!). Once you’re on the website, scroll down and click the “Download Electrum” button.

You will be directed to a page where you can choose the appropriate wallet for your operating system. If you’re using Windows, select the version for Windows. For example, if you are on Windows, click on “Windows Installer” (as indicated by the red arrow in the image below). If you’re on Android, select the corresponding installer.

Once the file has downloaded, click on the setup file. Choose a directory where you want the wallet to be installed and click “Install.” The installation should take no more than 2 minutes. When it’s complete, click “Close.”

Congratulations! The wallet is now installed. To get started, double-click the Electrum icon on your desktop to open the Bitcoin Electrum Wallet. Initially, the software will ask you how you’d like to connect to a server. As a beginner, we suggest you choose “Auto connect” at this point.

Electrum will detect that you haven’t created a wallet yet. Simply click “Continue,” and you can give your wallet a custom name if you wish. At this stage, you will be asked to set up a wallet. If you’re unsure about the process, we recommend choosing the “Standard wallet” option, as it is free and works perfectly for most users.

Alternatively, for added security, you can set up a “Wallet with two-factor authentication“. This will require a smartphone with the Google Authenticator app, available on the App Store and Google Play. While this option requires a small fee, it significantly enhances the security of your wallet, and we highly recommend using it.

Once you click “Next,” a new seed phrase will be generated. The seed is a 12-word phrase that serves as the key to recover your wallet if you lose your password or your device malfunctions. It is crucial to write down the seed phrase and store it in a safe place.

You will then be asked to re-enter the seed phrase to confirm. After this, Electrum will prompt you to create a strong password. The longer and more complex, the better (use numbers, letters, and special characters). This password will be required every time you open the wallet, so make sure it is also kept safe.

Once the setup is complete, you will be directed to the main interface of the Electrum Wallet. The “Receiving Address” for your Tether (USDT) will be displayed in the upper right corner under the “Receive” tab. Copy this address and paste it into Litebit or any other exchange as the “Receiving Address.” After entering the receiving address, select your preferred payment method on Litebit and click “buy.” Typically, the transaction should appear in your wallet within 24 hours.

If you have any questions, feel free to leave a comment, and we’ll be happy to assist you!