USDT (Tether) is the most widely used stablecoin. Its capitalization is almost $117 billion, being behind only Bitcoin and Ethereum. Users appreciate it for its stability and convenience: the coin, which was developed as a digital dollar, is actively used in crypto payments. In addition, transferring funds to USDT is an excellent way to protect funds from digital currencies volatility.
We will tell you what this currency is, how and where to buy USDT, what to consider when choosing a cryptocurrency buying service and how to buy Tether through CryptoCloud.
What Is Tether
Before we talk about where to buy USDT, let's take a look at what this currency represents.
USDT, or Tether, is a stablecoin. Unlike other cryptocurrencies, such coins have real collateral. For USDT, the asset to which the value is tied is the American dollar: the exchange rate is 1:1.
The collateral guarantees minimal volatility for this cryptocurrency. Although the price of USDT may deviate from the dollar exchange rate, these divergences are negligible. As a result, Tether is a less attractive investment than, for example, Bitcoin: the possibility of making money on rate fluctuations is excluded.
Nevertheless, buying USDT cryptocurrency interests many users. This is due to the convenience of the currency for performing transactions: Tether is actively used to pay for goods and services.
In addition, Tether is used for asset protection: investing in this currency allows you not only to avoid the volatility of other coins, but also not to spend on bank commissions applied to fiat currency.
What to Consider When Buying USDT
There are various services on the market, where you can buy USDT for fiat. It is recommended to look for a suitable option, focusing on several criteria.
- Reliability. To avoid hacking or loss of funds as a result of fraud, you should make sure that the service has a good reputation. Before buying USDT on a new site, it is recommended to read the reviews.
- Course. Fluctuations in the cost of stablecoin are minimal in relation to the dollar, but to buy USDT for fiat currency, you should study the rates offered by different services: they may differ from one provider to another.
- Available fiat currencies. Most international services work with dollars and euros. To buy/sell USDT for other currencies, it is important to make sure that the platform supports such transactions.
- Available payment methods. To buy Tezer with payment by such a card, you will need to look for a service that processes such transactions from your country.
Ways to Buy USDT
Crypto exchanges
Cryptocurrency exchange is one of the most popular ways to buy and exchange USDT. Such platforms allow you to quickly purchase the currency through spot trading or through conversion.
There are centralized and decentralized exchanges. Centralized platforms are a more convenient option for novice users, but can be hacked and funds stolen. Decentralized platforms offer more freedom and full control over assets.
Nevertheless, it should be taken into account that to register on a crypto exchange, in most cases, you need to go through KYC procedure. This is one of the mandatory security measures that reliable platforms use.
P2P trading
P2P trading takes place directly between users. To buy USDT via P2P, you can use specialized platforms.
Such services act as a «noticeboard» and/or an intermediary, helping users to find the other side of the transaction and guaranteeing the fulfilment of conditions by both the seller and the buyer. In addition, many cryptocurrency exchanges have P2P sections.
Although P2P trading is less secure than, for example, working with a centralized exchange, it offers maximum flexibility. Users can find the most suitable offer for them in terms of amount, rate, and payment methods.
Exchangers
Exchangers are another way to buy Tether through a centralized platform. There are several types of exchangers:
- Online. The most popular option, available as a website, app, or Telegram bot. Online exchangers typically offer multiple payment methods and favourable rates. Many services use their own stock of assets to make transactions with users, which ensures minimal delay in making a purchase.
- Offline. In most cases, offline exchangers are not independent exchanges, but one of the services of an online system. When using such a platform, the user needs to leave an application in advance with the desired currency pair and the amount of the transaction, and then come to the office of the company to perform the operation.
- Crypto ATM. This is a device similar to a traditional ATM, but allows you to work with cryptocurrency. Using it, you can buy Tether with cash. However, this method of purchase is not always convenient, as such machines are available only in large cities, and not all crypto holders can use them.
Cryptocurrency wallets
Although buying currency is not the main function of such platforms, it is also possible to buy USDT through a wallet: some of them offer this option. This is convenient, as it allows you to avoid using third-party services.
It should be noted that the conditions of such transactions are not always suitable for users. For example, many wallets set limits on the maximum/minimum amount of the transaction. The list of payment methods is limited in most cases.
How to Buy USDT With CryptoCloud
CryptoCloud is a cryptocurrency service that allows you to buy cryptocurrency. The system works with multiple providers, giving the user a choice at the time of purchase. This provides high flexibility and the ability to choose the most favourable rate.
In addition, CryptoCloud offers a high level of security: the service uses advanced encryption technologies.
To pay for the purchase of Tether, you will need:
- Select a currency pair and specify the amount. The sum can be entered both in fiat and cryptocurrency — the service will automatically perform the conversion. The minimum transaction amount is $35, the maximum depends on the provider (usually around $10,000).
- Choose an operator. The service will provide a list of available providers, indicating the rates offered by them. The user can choose the most favourable conditions.
- Specify the address of the USDT wallet. Funds will be sent to it, so it is important to make sure that the data is correct.
- Proceed to the provider's website. This happens automatically. Note that, depending on the rules of a particular operator, it may be necessary to undergo registration and/or KYC procedure. This is necessary only for the first purchase of currency: for repeated transactions you will not need to go through these steps.
- Pay for the order in a convenient way. The available options depend on the operator.
Once the provider confirms receipt of funds, the purchased cryptocurrency will be sent to the user's account — the receipt of funds usually happens within minutes.
Buying Tether
USDT is a cryptocurrency in demand among many users: the coin has all the advantages of digital currencies, but is not subject to the volatility characteristic of them. There are a number of services that allow you to buy Tether — from P2P platforms and exchanges to exchanges and crypto wallets.
One of the options for buying USDT is CryptoCloud. The system offers flexible terms, a set of payment methods and the ability to choose from several providers: the user can choose the most favorable option.
