How to Buy Tether (USDT) – A Complete Guide 2021
Tether is a peer-to-peer and open-source blockchain digital currency. Theoretically, Tether is connected to a fiat currency, which in this case is the U.S. Dollar. Unlike other cryptocurrencies like Ethereum and Bitcoin whose prices fluctuate a lot and are subjected to speculations, Tether is often called a ‘stablecoin’. Like other cryptos, you can buy Tether through different exchanges, like Paxful, CEX.IO, Coinbase, Binance, etc. All the user needs to do is follow some simple steps and he/she will be ready to How to Buy Tether (USDT) .
Given below are some of the steps that need to be followed to buy Tether:
Step 1: The first step is to identify the exchange or the broker that supports Tether. Keep in mind that your overall experience of trading with Tether depends on the exchange chosen. Some of the factors you need to consider while choosing an exchange are trading platform, fees and commissions, and asset access. Ideally, your chosen exchange should provide you with a wealth of analysis and charting tools, give you lots of options while selecting asset classes you may be interested in future. The fees and commissions of the exchange must be on the lower side.
Step 2: Once the account is opened with the exchange, the next step is to select an appropriate wallet. A wallet is a physical device or a service that comes with a set of keys through which Tether and other cryptos can be stored safely. There are two types of wallets – Hot storage and Cold storage. Opting for a physical cold wallet makes a lot of sense as it provides excellent support as compared to the hot wallet.
Step 3: After a wallet is chosen and the funding is done, the next step is to place an order for Tether. As with the case of stocks, you’ll be presented with lots of order options from your exchange when you’re ready to buy Tether. Remember, you’ve full control of the price for each Tether you wish to buy. Your exchange will complete the remaining steps once the order is placed. After the transaction is closed, you’ll see the coins in your wallet.
Given below are some of the best and most popular best place to buy usdt or brokers to buy Tether:
How to Buy Tether 2021 (USDT)
Originally called EasyBitz, Paxful came into existence in 2015. This digital wallet and cryptocurrency exchange services provider has grown rapidly in recent years and has more than 200 employees on its rolls and 4.8 million active users. It has its headquarters in New York City. Its active traders can be found across different countries, including the US, Malaysia, Indonesia, India, Zimbabwe, Pakistan, etc. The Paxful wallet is a convenient, efficient, and secure way of buying and selling Tether this exchange provides to its users.
CEX.IO is one of the oldest Tether exchanges operating today. Formed in 2013 in London, CEX.IO has been serving more than 3 million users to date. In addition to supporting Tether, this exchange also supports dozens of other cryptos, including Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin, etc. You can use CEX.IO to buy Tether using MasterCard or Visa directly. Alternatively, you can deposit funds using SWIFT bank transfers, SEPA, or ACH.
The best part about trading with Tether on Coinbase is that it offers an intuitive and easy-to-use platform that lowers the barrier to investing in cryptocurrencies. Without an experienced and reliable broker like Coinbase, the whole experience of trading with Tether can be convoluted and confusing. To store their investments, Tether traders can choose the custodial wallets offered by Coinbase. The good thing about these wallets is that they carry insurance against hacking and data breaches.
Binance opened its doors for cryptocurrency trading in 2017 and is one of the largest of its kind in the world. Besides cryptos, Binance has expanded in recent years to develop an ecosystem that has multiple functionalities for traders. Binance aims to help users buy Tether and other cryptocurrencies by tapping into the power of blockchain technology. This exchange is suited more to those traders that wish to trade in Tether using advanced charting features and tools. Given the reasonable fees of Binance, the charting abilities and features they provide are truly outstanding.