Visit the official Tether website and look for a “Buy Tether” or similar option to purchase crypto with cash or other payment methods. Then, instead of selecting a card payment, you opt for “Wire Transfer/Bank Transfer” and type in your bank account details. After reviewing the transaction order and confirming the payment, you will get your shiny Tethers released to your wallet. Even if the rate changes before the transaction is completed, you will still receive the initially quoted rate.
While we do earn commissions when you click on links to products or services, this never influences our content integrity. Many crypto investors hold USDT for its price stability and liquidity, as each token promises to be redeemable for cash on a 1-to-1 basis. Investors may shift value to USDT in an effort to reduce risk they might be exposed to with other cryptocurrencies in their portfolio. You can also earn interest on your Tether holdings, just like you would at a bank. Specialty online cryptocurrency savings accounts let you deposit USDT and earn interest rates considerably higher than most online banks.
Purchase and store your Tether
However, the cost of transfers can also vary depending on the exchange rate at the time of the transfer. As a result, it’s important to compare the costs how to buy usdt of different types of transfers before making a decision. In general, though, transferring ETH is usually more expensive than transferring USDT.
On May 12, Tether lost its $1 peg amid the TerraUSD (UST) stablecoin crash, dropping as low as $0.9485 before recovering to its intended one-to-one peg with the U.S. dollar. We believe everyone should be able to make financial decisions with confidence. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.
How long does it take to process USDT purchase transactions made via credit cards?
You can make a minimum deposit of £5 with a credit or debit card for a fee of 3.8%. You can also buy a minimum of £10 of USDT with a card through the Fast Trade feature. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. https://www.tokenexus.com/ While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.
You should also keep your investment somewhere safe, like a hardware wallet. Storing your seed phrase safely is important in case you ever need to recover access to your wallet. USDT is pegged to the value of the US dollar, and is the most popular stablecoin, having the largest market capitalisation. A popular feature of Crypto.com is the Visa Card, which allows you to spend your USDT and other cryptocurrencies anywhere. It comes with no annual fees, up to 5% back on spending, and a range of other benefits. Bitpanda stores all of its users’ assets offline, making it a great place to buy USDT for the security-conscious.
Risks of Buying Tether
There are also charts, indicators, and technical tools for more advanced traders. After buying some USDT, you can put it in a flexible savings account to earn interest. The platform has plenty of features to satisfy experienced traders, from advanced order types and technical analysis tools to powerful APIs and real-time data streaming.
Then, when the price of Bitcoin is low, you can use your Tether to buy Bitcoin. You can hold onto your Bitcoin until the price goes up, and then sell it for a profit. No, you cannot purchase Tether (USDT) through traditional UK banks.