How to Buy Tether

Tether (USDT) cryptocurrency ranks at 3 place by capitalization. It’s 28 February 2024 on $98,339,537,425 year. Circulating supply: 98,390,937,374. Maximum supply – N/A. The price of USDT for today – $0.9995 with trading volume of $66,503,607,495 for 24 hours. The maximum price of Tether was registered on 24 July 2018 year and was – $1.320. The lowest price of USDT, $0.5725, was registered on 2 March 2015.
Tether (USDT)
$0.9995 -0.02% ↓
24h price change
-0.0002060 $
Capitalization
$98,339,537,425
24h trading volume
$66,503,607,495
on the official website

How to Buy Tether Price in USD: Convert to US Dollar

USDT
TetherUSDTTether
BitcoinBTCBitcoin
EthereumETHEthereum
BNBBNBBNB
SolanaSOLSolana
Lido Staked EtherSTETHLido Staked Ether
XRPXRPXRP
USDCUSDCUSDC
CardanoADACardano
AvalancheAVAXAvalanche
DogecoinDOGEDogecoin
TRONTRXTRON
ChainlinkLINKChainlink
PolkadotDOTPolkadot
PolygonMATICPolygon
Wrapped BitcoinWBTCWrapped Bitcoin
UniswapUNIUniswap
ToncoinTONToncoin
Shiba InuSHIBShiba Inu
Internet ComputerICPInternet Computer
US Dollar
USD
US DollarUSDUS Dollar
/wp-content/themes/tgd/assets/images/content/flag_eu.svgEUREuro
/wp-content/themes/tgd/assets/images/content/flag_ru.svgRUBRussian Ruble
/wp-content/themes/tgd/assets/images/content/flag_ua.svgUAHUkrainian hryvnia
/wp-content/themes/tgd/assets/images/content/flag_pl.svgPLNPolish zloty
/wp-content/themes/tgd/assets/images/content/flag_gb.svgGBPPound sterling
/wp-content/themes/tgd/assets/images/content/flag_jp.svgJPYJapanese yen
/wp-content/themes/tgd/assets/images/content/flag_ch.svgCHFSwiss Franc
/wp-content/themes/tgd/assets/images/content/flag_cn.svgCNYChinese Yuan
/wp-content/themes/tgd/assets/images/content/flag_tr.svgTRYTurkish Lira
on the official website
Data updated 2/28/2024

    Tether (USDT) is the most popular stablecoin in the world. The USDT rate is pegged to the US dollar at a ratio of ≈ 1:1. Due to this, USDT tokens are less volatile than Bitcoin, Ethereum and other classic cryptocurrencies. Many people use them as a more reliable method of payment in the cryptocurrency economy and investments.

    The rate of stablecoin is pegged to the assets of the classical markets: fiat currencies, commodities, etc. So the digital asset becomes more stable.

    In the new review, we will tell you what Tether is and how to buy it in the 2024 year.

    What is Tether

    Stablecoins unite the world of cryptocurrencies and the world of traditional money. And in particular, Tether is a digital analogue of USD.

    Stablecoin = stable coin.

    Using of stablecoins helps to reduce the level of volatility. By trading Tether, the trader reduces the risk of loss too (due to the hard peg of the coin to the real dollar).

    How to buy Tether
    Tether as the most popular stablecoin

    Tether was launched using the Bitcoin blockchain (via the Omni Layer). Gradually the stablecoin received implementation on other protocols. USDT tokens are issued on the Ethereum (ERC-20 protocol) and TRON (TRC-20 protocol) blockchains.

    The developers are constantly expanding the list of available blockchains, which improves the usability of the Tether for users.

    Another reason for its popularity is high liquidity. Each stablecoin is backed by a more common tangible asset (US dollar in the case of Tether), so it is in demand among buyers. You can exchange USDT for fiat money at any time.

    Some words regarding the securing of Tether:

    • Since its launch in 2014, Tether Limited has maintained that all USDT tokens are 100% backed by US dollars;
    • February 27, 2019, the company changed its USDT backing policy: each token is backed by “reserves, which include currency and cash equivalents, as well as other assets and upcoming proceeds from loans that Tether has provided to third parties”;
    • In May 2019, Stuart Hogner, General Counsel confirmed that only 74% of USDT are backed by fiat reserves.

    The best place to buy Tether

    You can buy Tether on different platforms: on an exchange and online exchanging services, by national or international banking systems.

    The most profitable and reliable way is to buy USDT coins on the exchange. The exchange is generally regulated, provides high liquidity of assets, as well as great diversity payment methods (card, bank transfer, P2P exchange, etc.). You can also purchase a Tether on the exchange for dollars, euros and other fiat money.
    tgdratings.com

    You can also buy Tether on the popular trading platform Binance. Below we will consider how the process of buying on the exchange takes place.

    Instructions for buying Tether

    Step by step instructions on how to buy Tether.

    Determine your level of risk

    Even though stablecoins provide normal volatility, investing in digital currencies always carries a high level of risk. To lower them, follow the basic rules of investing:

    • Don’t invest all your money in one asset: distribute capital among different assets and asset classes;
    • Don’t invest your last money as losing it will lead to bankruptcy;
    • Don’t buy cryptocurrencies with money you can’t afford to lose: there is no guarantee that you will earn anything. You are responsible for all investment decisions.

    Choose a cryptocurrency exchange

    Cryptocurrency exchange is the most profitable and reliable way to buy Tether. But not all exchanges are equally good.

    There are some important criteria by which you can evaluate the perspectives of a trading platform: availability of license, mandatory account verification as an additional protection, trading volumes, variety of supported currencies and payment methods, the possibility to use fiat, level of fees, reputation and reviews from real users.

    Trusted crypto exchanges to buy Tether in 2024:

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    311,854
    2Bybit
    Bybit
    BTC trading volume, 24h
    63,999.91
    3OKX
    OKX
    BTC trading volume, 24h
    62,658.87
    4Gate.io
    Gate.io
    BTC trading volume, 24h
    40,504.59
    5HTX
    HTX
    BTC trading volume, 24h
    35,519.96

    Creating of an account

    Let’s consider how to open a new account, using the top crypto exchange Binance, as example.
    Registration on Binance consists of the following steps:

    1. On the official website of the exchange in the upper right corner, click Register;
      Begin registration on Binance
      Starting registration on Binance
    2. In a new window, you will need to confirm the country of residence: select one from the list and click Confirm;
      New binance user country of residence
      New Binance User’s Home Country
    3. Select Create Personal Account at the next step;
      Create a personal Binance account
      Creating a personal account on Binance
    4. Fill out the registration form: specify the current email and create a strong passwordNext;
      Binance personal account registration form
      Binance Personal Account Registration Form
    5. The last step of registration is email verification.
    Detailed instructions for registering and working on Binance can be found in exchange overview

    Besides Binance, you can use any other exchange to buy USDT. Rating of the best sites to work in 2024 available on our website.

    Top up the account

    For example, let’s say we want to fund our account with Ether and then buy USDt with ETH.
    For this:

    1. In your personal account, select the Wallet tab → Fiat and Spot;
    2. Pick up Ethereum among available cryptocurrencies (or any other coin that you want to transfer to the exchange) and click Deposit;
      Choosing Ethereum to fund your exchange account
      Choosing Ethereum to fund your exchange account
    3. Select the network for transfer;
      Selecting a network for transferring ETH to Binance
      Selecting a network to transfer ETH to Binance
    4. The system will give an address. You should insert it into the wallet from which we transfer funds, and send ethers.
      ETH deposit address
      ETH deposit address

    Buy Tether (USDT)

    With ETH that we previously deposited in our account on the exchange, we can buy USDT on the Binance spot market.
    For this:

    1. Select Trade → Spot in your personal account;
    2. Specify the currency pair ETH/USDT;
      Select currency pair
      Selecting a currency pair
    3. Under the chart for the selected pair, fill out the form Sell ETH;
    4. Select order type, and depending on this, enter data for buying USDT for ETH;
    5. Click Sell ETH.
      Buy USDT with Ethereum
      Buying USDT with Ethereum

    How to sell Tether

    To sell USDT and receive ETH, we perform the reverse action. Fill out the Sell ETH form, specifying the order type and entering data for the exchange.

    USDT Selling
    Selling USDT

    Where to keep USDT

    Before answering this question, you need to understand what you plan to do with the purchased tokens. If you are an active trader, it is more convenient to use the hot type of storage connected to the Internet. You will be able to get quick access to assets, in other words, they are always at hand. For this purpose you can try Trust Wallet or Blockchain.com, for example.

    Follow all security measures using hot storage: make a complex password, enable two-factor verification and etc.

    In terms of security, the cold wallet is more reliable: the user’s private keys are stored offline, without an Internet connection, so they cannot be stolen by scammers. So as a wallet for only storage (not for trading), you may give preference to more reliable “cold” storages. For example, Ledger Nano S.

    How to withdraw Tether to my wallet?

    Any crypto wallet that supports this cryptocurrency is suitable for storing Tether. Trusted hot storage is Trust Wallet, the official wallet of Binance exchange. This service allows you not only to store USDT coins, but also to send, receive and exchange assets.

    Trust Wallet home page
    Trust Wallet home page

    For using Trus the first thing to do is to install the wallet on your mobile device: download Trust Wallet for Android or iOS. After the app is downloaded and installed:

    1. Go into it and tap Receive;
      Receive USDT. Step 1
      Getting USDT. Step 1
    2. From the list of supported currencies, select Tether;
      Receive USDT. Step 2
      Getting USDT. Step 2
    3. By tapping on the coin, we get to the page where we get the address for receiving USDT;
    4. Copy the address or scan the QR code;
      Receive USDT. Step 3
      Getting USDT. Step 3
    5. To transfer coins from the exchange to the wallet specify this address in the interface of the exchange and withdraw USDT (do not forget to correctly specify the network for transfer).
      Withdraw USDT from Binance
      Withdrawing USDT from Binance

    FAQ

    How to buy Tether?
    You can use various services to buy USDT: crypto exchanges, payment systems and so on. It is safer and more profitable to buy Tether on a crypto exchange. For a detailed purchase process, see Tether Buying Instructions.

    Where can I buy Tether?
    Top crypto exchange Binance is a reliable and proven option for buying Tether. The step-by-step guide on how to register on the exchange, replenish your account and buy USDT coins, is in the section Instructions for buying Tether.

    Should I buy Tether?
    When working with cryptocurrencies, there is always a risk, even if they are stablecoins. However, if you are a beginner into the cryptocurrency market, then buying Tether is the safest way to understand how things work here and reduce the risks associated with the high volatility of cryptocurrencies.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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