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How & Where to Buy Tether A Step-by-Step Guide to Buying USDT

Congratulations! You can buy Tether directly with cash at Binance.US.

  1. Sign up at our one of our top-ranked Tether exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy TetherUSDT

Read on for detailed instructions below on where and how to buy Tether and you will be a TetherUSDT owner in no time at all.

  1. STEP 1Register at a USDT Exchange

    Best Tether (USDT) Exchanges

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      54

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Tether TetherUSDT quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy USDT with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for USDT.

Frequently Asked Questions About Buying & Selling Tether (USDT)

How do I Buy USDT with Crypto?

If you want to buy USDT with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Tether (USDT)?

To sell USDT, simply reverse the buying process described above. You will likely need to trade your TetherUSDT into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Tether Research Center

Tether Technical Details & Statistics

Tokenomics
  • Market Rank3
  • Market Cap61,869,348,204
  • Circulating Supply61,871,052,218
  • Total Supply64,469,737,786 USDT
Yesterday's Trading
  • 24 HR Volume51,444,246,473 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Tether USDT?

Tether (USDT) is an open source, peer-to-peer, fully decentralized cryptocurrency which is issued on the bitcoin blockchain via the Omni Layer Protocol. It is backed at a 1-to-1 ratio by USD fiat currency held by the issuing company, Tether Ltd. Users can buy Tether against fiat currencies and redeem their Tethers via the bidirectional conversion gateways provided by the issuing company. Tether can also be purchased for bitcoin and a wide variety of other cryptocurrencies.

History of Tether

Tether was founded by Reeve Collins in November 2014, an expansion of a dollar-tied currency Realcoin, launched by Brock Pierce only a few months earlier. Later in the year, Tether Limited was formed as a Hong Kong-based company, backed by owners of the Bitfinex exchange. As of May 2018, over 2.5 billion Tethers (USDT) had been minted, with almost the entire amount being used in daily circulation. In addition to also having versions backed by the euro and the yen, Tether has plans to support more national currencies as well.

How Tether Works

The workflow of Tether is relatively simple compared to most other cryptocurrencies. Fiat currency is submitted to Tether Limited, which then creates the Tethers and credits the Tether wallet of the user with a corresponding amount of USDT.

To transact with Tethers, the users follows a bitcoin-like procedure where they can send and receive Tethers from other users of this wallet. A sender submits the receiver’s wallet address and the amount of Tethers to be transferred, and the transaction takes place via a peer-to-peer, pseudonymous, open source cryptocurrency network.

To redeem and convert Tethers into fiat currency, they must be submitted to the issuing company who then credits the bank account of the user with fiat currency (USD).

Tether is not considered to be legal tender or a financial instrument but its relatively stable 1-to-1 ratio with the dollar makes it a safe haven cryptocurrency investment for those looking to avoid the volatility of most other cryptocurrencies.

Why Tether?

Tether is a unique proposition because it is the first digital asset to be backed by real world assets. As such, it offers the following advantages over other cryptocurrencies:

  • Very Stable: Tether is linked to national currencies, like the dollar, euro and yen, and the price of Tether is almost exactly equal to the price of the fiat currency. As fiat currencies don’t fluctuate much in comparison, Tether is a very stable cryptocurrency.
  • Wide Acceptance: Tether is one of the most widespread digital currencies. Its bidirectional conversion is utilized at many leading exchanges (such as Bitfinex) and coin shifting services (such as ShapeShift).
  • Very Safe: Tether utilizes a blockchain network similar to that of bitcoin, which renders it very secure. It meets every cryptocurrency compliance, regulation and standard, making it a very safe currency to transact or hold.
  • Regular Audit & Disclosure: Tether Ltd. publishes their holdings daily and runs professional audits regularly, eliminating the risk of financial fraud. The Tethers in circulation are tallied against the reserves, daily and provided to auditors for inspection.

How to Buy Tether USDT at Crypto Exchanges

As a stablecoin, Tether is a popular way for investors to store their money between trades. For example, when the market is high and people think it is time to sell, they may not want to trade for another cryptocurrency, preferring to keep their money in a place where the value of their portfolio remains the same – rather than going down. So, they trade their BTC or altcoins for Tether instead.

Then, when the market or a specific coin seems low in price, people can buy tokens using their Tether. It’s an easy way to move in or out of cryptocurrencies without risk during volatile markets.

Tether (USDT) is available at nearly every legitimate crypto exchange. Crypto traders or investors who do not use cold storage, for security purposes, should be spreading their money around at multiple exchanges. With that said, for respected exchanges that offer Tether (USDT) we recommend Binance as one of those exchanges everyone should have an account at. Others might include HitBTC, CoinBase, Gate.io, or Kucoin.