Current News

Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Tron, which holds the largest supply of Tether after Ethereum, has become especially popular in Asian markets. Stablecoins are particularly popular in areas with limited or restricted access to USD. From Latin America to Asia, stablecoins have emerged as lifeboats in inflation-heavy or capital-controlled economies. For example, if you have one USDT or USDC (stablecoins pegged to USD), you can exchange 1 USDT for $1 and 1 USDC for $1.

USDT (USD Tether) has established itself as one of the most popular U.S. dollar-pegged stablecoins available today. Yes, you can buy USDT today and then sell it when you’re ready to cash out. MoonPay has a sell functionality, so you can easily buy Tether and then exchange it for fiat early direct deposit banks currencies like USD and EUR. You can also top up your wallet with euros, pounds, or dollars and use your MoonPay Balance to purchase USDT and other crypto tokens. With MoonPay Balance, you’ll enjoy quicker transactions, higher approval rates, and zero-fee withdrawals directly to your bank account when you cash out.

Using your USDT on Bitget

USD is relatively stable compared to the currencies of other countries, which may suffer from inflation via currency depreciation. Understanding how to buy, swap, and convert USDT can help beginner crypto traders to navigate exchange and participate in Web3 with greater ease and simplicity. Although the methods for acquiring and sharing USDT may seem a little complicated at first glance, you’ll often find that the process is similar across platforms. The stability and multi-chain build of USDT makes it a convenient store of value. Traders often buy and hold USDT while waiting to enter the market, as this approach is considered to be faster than depositing funds each time they wish to open a position. USDT is also often used as a fast and low-cost transfer of value, making it an ideal reserve currency on the blockchain.

Best Places to Buy USDT (Low Fees & Easy Access)

You can sell USDT for a fiat currency of your choice on OKX or other crypto exchanges and withdraw it to your bank account. However, be sure to first understand exactly what methods are available in your country, as conversion methods and off-ramp options differ by exchange and location. You can also sell your USDT to other traders directly via the OKX P2P marketplace.

• However, a network fee will apply depending on the network you choose.
• After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy.
• USDT (USD Tether) has established itself as one of the most popular U.S. dollar-pegged stablecoins available today.
• With the above guide, you can quickly understand how to buy and move USDT quickly and securely using OKX.

Transferring USDT from your OKX account

You can filter offers by sellers by your choice of fiat currency, buy amount, and payment methods — such as cash, bank transfer, or mobile wallets. Delivery times for Tether purchases can vary based on the payment method used to purchase. You can receive your USDT in as little as 5 minutes when paying by credit/debit card. If you pay with bank transfer, receiving your crypto can take between 1-3 business days.

• Prepare the wallet address you’re transferring to and the network before you start the process.
• Many DApps use them as liquidity, collateral, and as a source of stable liquidity.
• To swap USDT on OKX, make sure you’re logged in, verified, and already have USDT in your account.
• The OKX mobile app is another fast and convenient place to buy USDT.
• For Ethereum, Tether widely used in DeFi applications like lending and trading.

Choose your payment method and confirm

If you’re looking to buy USDT quickly and easily, we’ve got you covered. Once you have your Tether (USDT) tokens secured in your preferred wallet, you’re free to use your USDT how you wish. You can “HODL” Tether in your wallet, send it to a friend, or sell USDT for fiat. Just use DeFi trading on MoonPay to buy USDT instantly with low fees.

Frequently asked questions about buying USDT

Enter it in the designated field to confirm your registration. The price of USDT will fluctuate when you purchase it using other non-USD currencies, which is important to keep in mind. You can buy USDT for competitive prices on OKX, with the precise fee determined by your chosen purchase method.

Many DApps use them as liquidity, collateral, and as a source of stable liquidity. Once that’s done, you’ll be logged in and ready for the next step. Once the withdrawal has been authenticated, the USDT will arrive in the wallet of your choice.

For example, if you hold USDT in your Ethereum wallet, you can swap it for ETH or other ERC-20 tokens. But, you can’t swap it for Bitcoin or other coins not available on Ethereum chain. The easiest way to buy USDT is by topping up your MoonPay Balance. The main types of stablecoins are fiat-backed, cryptocurrency-backed, and commodity-backed. Stablecoins are pegged to assets such as the U.S. dollar (USD) because crypto investors like to rebalance their portfolios and hold safe-haven assets when markets are unstable.

Let’s look now at how to exchange USDT on OKX and also on a DeFi platform directly from your wallet. USDT is issued by Tether, and the company makes sure that all USDT is backed by an equivalent amount of USD and other assets. USDT can be issued and used on various blockchains, including Ethereum, Tron, Solana, Algorand, and BSC. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation. Swap your USDT for other tokens directly in your wallet or by using a DeFi application. Exchange USDT for USDC on Solana to gain access to DeFi trading on MoonPay and explore a world of new tokens to own.

You can also select your preferred fiat currency from the “Buy Crypto” dropdown menu as shown in the image below. Here’s how much tax you’ll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies. For more information, check out our guide to stablecoin taxes. Stablecoins like USDT are taxed like other cryptocurrencies and can be subject to capital gains tax and income tax. Currently, decentralized exchanges do not require Know Your Customer (KYC) information. Whether you’re a seasoned trader or buying Tether for the first time, the MoonPay app gives you the tools to get it done.

Buy USDT instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more. MoonPay offers a fast and easy way to buy Tether (USDT) with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more. You can buy any amount of USDT and know you will receive vaguely the equivalent in your chosen asset, as the price is pegged to the currency’s price.