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How To Buy Tether (USDT) Instantly in 2024 (Step-by-Step)

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To purchase Tether (USDT), follow these simple steps:

  • STEP 1: Select a platform: First, choose a reputable exchange that supports your preferred payment method; then create and verify an account. Check ahead regarding fees and limits.
  • STEP 2: Deposit funds: Next, click the ‘Deposit’ button, consider how much USDT you want, and deposit an appropriate amount.
  • STEP 3: Buy and withdraw USDT: Lastly, search for USDT, decide how much to purchase, preview the transaction, and confirm the order. Once the USDT arrives in your exchange wallet, withdraw it to cold storage or a non-custodial wallet.

Quick summary:

  • USDT is a stablecoin pegged to the US dollar.
  • You can buy USDT on almost every exchange.
  • Bank transfers are the best payment for large transactions, while credit/debit cards are best for convenience.
  • USDT exists on multiple networks.
  • You need a secure, non-custodial wallet to store USDT.
  • To buy USDT without KYC, you must use a P2P platform.

Learning how to buy Tether can be challenging. Many options are available, but selecting one can be tricky. This guide breaks down the entire process, discusses risks, explores the best platforms, and answers common questions. Let’s get started.

What is Tether (USDT), and why buy it?

Tether (USDT) is a stablecoin pegged to the US dollar. It was created in 2014 and is designed to balance itself to match the dollar’s value automatically. USDT is backed by fiat currency, US Treasury bills, precious metals, and Bitcoin reserves, amongst others.

Tether webpage

People typically hold substantial wealth in USDT to reduce the volatility of their portfolios. Moreover, Tether pegged USDT to the USD, so people prefer it for transactional uses and cryptocurrency loans.

How to use Tether (USDT)

Tether has many different use cases, but the process of using the asset is similar for each.

  • Type of Tether (USDT): Several types of Tether exist on various networks, such as the Ethereum or Tron networks. You cannot directly send USDT from one network to another. Therefore, you must choose your preferred type of USDT token and ensure you have the correct currency to cover network fees.
  • Wallet: Before using USDT, you need a Tether wallet to store it. It’s worth looking for a secure, non-custodial wallet with greater control over your money. You must also ensure that the wallet supports your preferred type of USDT (e.g., ERC-20 USDT, TRC-20 USDT).
  • Decide how to use Tether: Next, decide how you want to use your USDT. Most exchanges support the asset, so it’s suitable for trading. Alternatively, you can use it as collateral for a crypto loan or payment currency for a purchase.
  • Use USDT: Lastly, you must complete the transaction by entering a wallet address and sending the USDT to an exchange or recipient. Once the transfer is complete, you will have successfully used USDT for one of its intended purposes.

📚Related: Best Tether (USDT) Wallets

Where to buy Tether (USDT)

If you’re learning how to buy Tether, you’ll need to determine where to acquire the asset. There are several ways to buy USDT, and many platforms offer the asset for sale. We discuss the most popular exchanges, the top wallets, and the best ways to buy Tether.

Best ways to buy Tether (USDT)

Any prospective buyer should be aware of several excellent methods for buying Tether.

  • Exchange: The most common way of buying USDT is using a centralized exchange (CEX), like Binance, Kraken, or Coinbase. Exchanges offer high convenience and low fees. Moreover, they allow users to sell Tether for fiat to withdraw USDT to a bank account.
  • P2P Marketplace: If you’d prefer to buy Tether away from an exchange, a peer-to-peer (P2P) marketplace could be the best option. Rather than trading with an exchange, you deal directly with other users. Typically, P2P marketplaces have high limits, low to zero fees, and do not mandate ID verification.
  • In-Person: While P2P marketplaces offer convenience, you can trade directly with a USDT holder in person. The advantages of in-person trading include using cash, having no limits, and no transaction costs. However, in-person trading is more risky and requires the buyer to find a willing seller.
  • OTC Desk: Over-the-counter (OTC) trading desks are ideal for purchasing large amounts of cryptocurrency in a single transaction. The process differs from an exchange, as the buyer agrees to a deal with the desk, which can be executed at the given rate regardless of market conditions. However, OTC desks only support large-volume transactions.

Most popular crypto exchanges

If you’re planning to purchase Tether, using a cryptocurrency exchange is one of the easiest, safest, and cheapest methods. Typically, crypto exchanges come with an in-built personal crypto wallet that you can use to store USDT.

Coinbase crypto exchange

Many exchanges are on the market, almost all supporting USDT deposits, withdrawals, and purchases. Some of the most popular exchanges for purchasing Tether include Coinbase, Binance, Kraken, Bybit, and Bitget. However, if you’d prefer to buy Tether on an all-in-one platform, swissmoney could be the best option.

Popular USDT wallets

Access to secure storage, such as hardware or software wallets, is crucial if you buy Tether or other cryptocurrencies. You also need to consider which network your USDT is on and use a USDT wallet that supports the network—for example, ERC-20 (Ethereum), TRC-20 (Tron), and BEP-20 (Binance).

MetaMask website

Some of the most popular wallets for holding USDT include MetaMask and Trust Wallet, which are non-custodial, multi-network, and can connect to dApps. However, other popular options include Exodus and MyEtherWallet. If you want to maximize your security, using a hardware wallet like a Ledger Nano X, Trezor Model One, or an Ellipal Titan is advisable.

swissmoney

swissmoney is an innovative financial services platform that allows users to buy, sell, swap, and spend cryptocurrency easily. 

swissmoney 1

The company offers four dedicated fiat IBAN accounts, a secure crypto wallet to store USDT, and a powerful crypto debit card with no hard limits. swissmoney also lets people convert USDT to USD or another fiat currency to cover spending on the card.

swissmoney is worth considering if you’re seeking an all-in-one platform for managing traditional finances and cryptocurrencies.

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📚Related: How to Create a USDT TRC20 Wallet

Different payment methods available for buying Tether (USDT)

If you want to buy Tether or any other digital assets, you must select a payment method. It’s critical to consider your requirements and any limits or fees imposed by a particular method. Below, we’ve highlighted six different payment methods for buying USDT.

  1. Bank transfers
  2. Debit/debit cards
  3. Crypto
  4. Apple Pay
  5. Google Pay
  6. Cash
Payment method Pros Cons
Bank transfers Low cost, suitable for large deposits Slow, higher minimum deposits
Debit/credit cards Convenient, near-instant  High fees, low limits
Crypto Streamlined if you already own crypto, widespread support Complex, time-consuming
Apple Pay Mobile-friendly, fast, convenient,  High fees, low limits
Google Pay Fast transactions, convenient  Expensive fees, low deposit limits
Cash Anonymous, no card is required Limited support, high risk

Step-by-step guide to buying Tether (USDT)

It’s relatively easy to buy Tether. However, you can easily overlook some factors. We’ve broken down the entire process to ensure our readers can purchase Tether in a streamlined fashion.

Step 1: Create a wallet and choose an exchange

  • First, you must choose a secure wallet to store your Tether holdings after purchasing. Selecting a wallet that supports your desired network and offers excellent security is essential. Moreover, when sending USDT to a wallet, ensure your tokens and wallet are on the same network.
  • After creating a wallet, you need to select an exchange. You should consider security, fees, USDT support, and additional features. Once you choose the best crypto exchange, you must create an account and complete the know-your-customer (KYC) verification process.

📚Related: How Much Does It Cost to Send Tether (USDT)?

Step 2: Deposit funds and buy Tether

  • Once your account is verified, consider how much USDT you need and deposit funds. Several payment methods exist, but generally, using a card or Apple/Google Pay yields the most convenience, while bank transfers are preferred for large transactions where low fees are a priority.
  • After funding your account, you’re ready to buy Tether (USDT). Search for a USDT pair, decide how much to purchase, enter the information into the order form, and complete the transaction. The USDT will be sent to your exchange wallet.

How to buy Tether (USDT) with bank transfer instantly

We’ve outlined the process so our readers can buy USDT instantly via a bank transfer.

Step 1: Select a platform and deposit funds

  • Ensure your exchange is available in your region and that it supports bank transfers in your local currency. Afterwards, create and verify your account.
  • Head to the homepage and click the ‘Deposit’ button. Then, select bank transfer, input your deposit amount, preview the transaction, and confirm the deposit.

Step 2: Convert fiat to USDT and withdraw

  • After the funds arrive in your account, find a USDT pair denominated in your fiat currency, decide how much to buy, check fees, and purchase the asset.
  • The USDT will be sent to your exchange wallet, but it’s advisable to withdraw the asset to a non-custodial software or hardware wallet.

Important things to consider when buying USDT with a bank transfer

Are there any specific times when bank transfers are processed for USDT purchases?

Bank transfer purchases are processed 24/7, so you can buy USDT anytime. However, transactions may slow down due to congestion during certain times.

Do I need a verified bank account to buy USDT with a bank transfer?

You must have a verified bank account to make a bank transfer payment. Sometimes, your bank account will require additional verification when making a crypto transaction.

📚Related: How to Buy Bitcoin with Your Bank Account Instantly

What information from my bank account will I need to provide?

You won’t need to provide any information from your bank account. From your online banking system, you only have to enter the exchange’s details and your desired transfer amount to send a payment.

Are there any fees associated with buying USDT with a bank transfer?

When you buy USDT with a bank transfer, you’ll have to pay deposit, transaction, and withdrawal fees. While deposit and transaction fees are generally low on exchanges, USDT withdrawal fees typically range from $10 to $20.

What are the minimum and maximum amounts I can buy with a bank transfer? 

Minimum payments are typically around $20 to $50 for bank transfers, while maximum amounts are usually around $250,000 to $2.5 million. However, every platform will impose different limits.

Is sharing my bank account information with an exchange when conducting a bank transfer safe?

Sharing your banking information is safe if you use a reputable exchange with a solid track record. However, you should only use a platform with a good track record.

buying Tether (USDT) with a credit or debit card

How to buy Tether (USDT) with a credit or debit card instantly

While buying USDT with a bank transfer is simple, using a credit/debit card yields greater convenience.

Step 1: Select a platform and set up a purchase

  • Before buying USDT, you must find an exchange that supports credit/debit card purchases. You should also check the exchange’s limits to see if it matches your requirements.
  • You don’t need to deposit funds when buying crypto via credit/debit card. Instead, head to the instant buy tool, select USDT, decide how much to purchase, select a payment method, and preview the transaction.

Step 2: Buy USDT and withdraw the funds

  • Double-check the platform’s fees, and confirm the transaction if you’re happy with them. Some banks require verification when buying crypto assets.
  • Once the transaction has gone through, withdraw your USDT to a secure wallet like a Ledger for safekeeping.

Important things to consider when buying USDT with a credit/debit card

Are any fees associated with buying USDT with a credit/debit card?

A debit/credit card is one of the most expensive ways to buy USDT. You’ll typically have to pay a premium of around 3% to use the payment method and any network or withdrawal fees.

What are the minimum and maximum amounts I can buy with a credit/debit card?

Credit/debit cards generally have low limits. The minimum you can buy is usually around $10, while the maximum will vary from $2,500 to $10,000.

Do I need to be verified to buy USDT with a credit/debit card?

You must have a verified exchange account to buy crypto with fiat on any regulated platform.

Could my credit/debit card purchase be declined?

It’s common for banks to decline transactions linked to cryptocurrency. To avoid it from happening, you should contact your bank ahead of time and explain you’ll be buying crypto.

Will the USDT appear in my wallet right away?

Once the payment has been completed, the USDT will appear in your wallet. However, slight delays can occur due to congestion or network issues.

Is it safe to buy USDT with a credit/debit card?

Buying USDT with a credit/debit card is safe using a trusted exchange. Banks typically impose strict security measures to keep customers and their funds secure.

Are there any additional security steps I can take when buying with a credit/debit card?

When buying USDT with a card, you should set up two-factor authentication (2FA) and use a unique password. You should also withdraw your assets from the exchange as soon as possible.

How to buy Tether (USDT) without verification (No KYC)

It’s becoming increasingly challenging to buy USDT without completing KYC verification. As regulated exchanges require KYC verification, your only choices are using a P2P marketplace or trading in person.

Bybit P2P marketplace

  • P2P marketplace: Some exchanges offer a P2P marketplace, enabling users to trade with each other directly. Platforms like LocalCoinSwap also provide the service. P2P trades are often fee-free, but you sometimes pay a premium price for USDT.
  • In-Person: To avoid fees, limits, and regulations, you can trade in person with a USDT holder. While an in-person transaction provides flexibility, they’re far riskier than using an online marketplace.

What to consider before buying Tether (USDT) 

If you’re planning on buying Tether, there are a few things you should consider beforehand. Proper due diligence is essential to avoid surprises and ensure a streamlined purchase.

  • Alternative stablecoins: Before you purchase USDT, it’s worth considering whether another stablecoin is a better option. The USDT vs USDC debate is contested and at the forefront of the stablecoin market. However, many alternatives are cropping up, like DAI, USDD, and TUSD.
  • Use case: An often overlooked consideration when buying USDT is your use case. It’s essential to consider precisely what you want USDT for and whether the asset best fits your needs.
  • Crypto vs. stablecoins: Once you’ve considered your intended use case, consider whether a stablecoin like USDT is the best option or if a non-pegged crypto like Bitcoin or Ethereum is better. While those seeking an inflation hedge may prefer Bitcoin, people looking for a long-term store of value may prefer a dollar-pegged asset like USDT.

What are the most common risks associated with buying Tether (USDT)?

The process of buying Tether is relatively simple and not inherently risky. However, a few common risks can arise when purchasing the asset. It’s best to familiarize yourself with any possible issues to ensure you won’t have difficulty during the purchase process.

Scam platforms

One of the most common ways people have their crypto wallets compromised is by accidentally logging into a scam platform. Unfortunately, bad actors create 1:1 versions of popular crypto platforms and promote them via adverts. To ensure you are on a reputable platform, double-check it has the correct URL before signing in.

Regulations

The cryptocurrency market is plagued by ever-changing regulations that differ from region to region. There is no way to predict whether a new regulation will be passed, but there will be a grace period before the government enforces it. Therefore, you should familiarize yourself with local rules and watch for changes.

Market conditions

If you plan to swap a significant portion of your crypto portfolio for a stablecoin like USDT, consider market conditions first. Think about opportunity cost; you either get exposure to the crypto market or the dollar. If your assets are doing well, you could miss out by preemptively swapping for USDT.

Wallet security

The most glaring risk associated with buying Tether is wallet security. If you carelessly store your keys or sign a malicious transaction, an attacker could drain your crypto wallet of all its funds. If you want to buy crypto, it’s worth acquiring a hardware wallet or finding a secure non-custodial wallet and following all its security recommendations.

Why buy Tether (USDT) with swissmoney?

For anyone wondering where to buy Tether, it’s worth considering swissmoney. The all-in-one platform allows users to buy, sell, and trade crypto while managing fiat currencies. However, there are even more reasons why swissmoney could be ideal for buying Tether.

swissmoney crypto wallet

  • Convenience: One of the most significant benefits of swissmoney is the platform’s convenience. Users can choose the currency that suits them best as they can buy USDT with fiat or crypto on swissmoney. Moreover, the platform facilitates spending USDT via the swissmoney crypto debit card, streamlining swissmoney further.
  • swissmoney card: The swissmoney crypto card makes it easy to spend USDT on real-world purchases. The card boasts no hard limits and is accepted by millions of retailers, making it ideal for seamlessly converting between fiat and crypto.
  • Swap between crypto and fiat easily: As swissmoney is an all-in-one platform bridging the gap between cryptocurrency and traditional finance, swapping between the two asset classes is exceptionally fast on swissmoney.
An Easier Way: swissmoney App
An Easier Way: swissmoney App
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Note:

  • All information provided is dated 12 April 2024 and may have been updated since. Please check each platform’s official website for the latest information.

FAQs

Is it legal to buy USDT?

It’s legal to buy USDT with cash, card, or cryptocurrency. While you may have to complete Know-Your-Customer (KYC) verification to buy USDT legally, users will have no trouble purchasing the asset and adding it to their hardware wallets. However, it’s advisable to check your local regulations before buying USDT to be sure of your local rules.

Is Tether worth buying?

If you want to hold wealth in a fiat-pegged cryptocurrency, then Tether is worth buying. It’s the world’s largest stablecoin, and millions use it globally. However, if you’re seeking an investment opportunity, stablecoins like Tether are unsuitable as they’re designed to maintain the same value forever.

Why should I buy Tether (USDT)?

You should buy Tether if you want to hold some of your cryptocurrency wealth without exposure to the market’s volatility. For example, having USDT on hand is more convenient if you sometimes conduct crypto purchases. Alternatively, you could buy USDT using another crypto to cash out for crypto linked to fiat currency.

Can I buy Tether (USDT) instantly?

You can buy Tether instantly via a credit/debit card purchase. Many exchanges, like Binance and Bybit, offer instant buy services, but fees are higher than trading on an exchange.

What is the easiest way to buy Tether?

Generally, using a beginner-friendly crypto exchange is the easiest route to acquiring Tether. You can access several payment methods and complete the entire purchase process in a few minutes. If you already have crypto or fiat currencies in an exchange, you can use them to buy USDT almost instantly.

What is the best platform to buy USDT?

Depending on where you’re based, Coinbase, Bybit, or Binance are good choices for a traditional crypto exchange. However, swissmoney is a strong choice for an all-in-one platform.

What is the best way to buy Tether?

Using a crypto exchange and depositing funds via bank transfer is best as it costs the least and has high limits. A credit/debit card or Google/Apple Pay is convenient.

How should beginners buy Tether (USDT)?

Those new to crypto should use an exchange to buy USDT, as it’s the most straightforward method. Create and verify an account, deposit funds, search for USDT, and initiate a purchase. Bank transfers or credit/debit cards are both easy-to-use payment methods.

Where can you buy USDT without fees?

Some P2P platforms let users buy USDT without fees. However, you’ll always have to cover network fees, so no method is entirely cost-free.

Is it possible to purchase USDT without OTP verification?

Some platforms may allow you to buy USDT without OPT verification. However, for significant amounts, you’ll have to complete OTP verification.

Where can you buy USDT anonymously?

The best ways to buy USDT anonymously are to trade in person with a USDT holder or use a P2P marketplace. If you use an exchange or regulated platform, you’ll need to complete KYC verification.

Is it possible to buy USDT with cash?

You can buy USDT with cash via an in-person peer-to-peer (P2P) trade. Alternatively, you could use a Bitcoin ATM to buy Bitcoin with cash, transfer it to an exchange, and swap it for USDT. While a few cryptocurrency exchanges, like N26, support cash deposits, most do not.

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Jay Leonard

Bio:

Jay is a cryptocurrency expert who has utilised his extensive experience in the industry to provide commentary on the latest news and developments in the crypto space for four years. As an active investor and trader, Jay has a finger on the pulse of the crypto space, enabling him to offer unique insight and break down complex topics in a simple manner.

While beginning his career as a writer, Jay studied at Open University, achieving a degree in Business Management (Marketing), which gave him knowledge of the inner workings of business and enabled a further level of depth in the content he produces.

Jay’s work has appeared in many high-profile publications, including CryptoNews, Business2Community, HedgeWithCrypto, EconomyWatch, and Finance Illustrated.

Credentials:
Open University – Business Management (Marketing) – Graduated with Upper Second-Class Houners (2:1)

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Disclaimer

Please be advised that the information presented in this article is intended for general informational purposes only. It should not be construed as professional advice from swissmoney. It is important to note that swissmoney does not act as a financial adviser, and individuals are strongly encouraged to seek independent advice from qualified legal, financial, or accounting professionals before making any decisions related to cryptocurrency investments. Furthermore, investing in cryptocurrency assets carries inherent risks, and individuals should be aware that they may potentially lose all of their invested capital.

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