Where & How to Buy Tether USDt (USDT) in Australia for Beginners in 2025

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You can buy Tether USDt in Australia via a cryptocurrency exchange. It takes just a few minutes to buy Tether USDt this way. Follow our quick step guide for Australian investors and compare the best places to buy Tether USDt in Australia below.

How to buy Tether USDt from Australia quickly in 3 steps

To buy Tether USDt from Australia, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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We’ve ranked Coinbase as the best crypto platform in Australia to get started with. Alternatively, here are several other platforms that allow you to buy Tether USDt from Australia.

We found 14 crypto platforms for users based in

Sort by Recommended Minimum Deposit Safest Platforms User Rating

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

3.9

Kraken

Min. Deposit $10

Fees 0.10% – 0.26%

No. assets 90+

Demo account Yes

Visit site

Kraken review

4.3

AvaTrade

Min. Deposit $100

Fees From 0.13%

No. assets 1250+

Demo account Yes

Visit site

AvaTrade review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Australian exchanges have to be registered with AUSTRAC in order to operate and comply with Australian regulations. We only recommend platforms which are registered in order to protect you from frauds and scams.

Typically, it’s a good idea to go with a locally-registered exchange anyway. That way you can be sure the exchange is in compliance with local laws, and it’s much more likely to accept AUD deposits and accept local payment methods.

 

Step 2. Deposit AUD

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Add Australian Dollars via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 AUD on most services.

Step 3. Purchase USDT token

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Locate the search box and type USDT. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Tether USDt tokens! Not a big deal, right?

Where can I buy Tether USDt?

The overall best platform to buy Tether USDt for beginners in Australia is Coinbase .

Here are the top five places to buy Tether USDt from Australia, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best Australian exchanges to buy Tether USDt (USDT), reviewed

1. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

2. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% – 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

3. AvaTrade. Best regulated broker for secure trading

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4

Ratings

$100

Min. deposit

From 0.13%

Fees

1,300

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

No. of tradable assets	1250+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	No

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform

Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Read review Visit AvaTrade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4. Bybit: Best crypto exchange for derivatives & margin trading

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4

Ratings

$10

Min. deposit

0.1000%

Fees

100

No. assets

Yes

Demo account

Overview

We love Bybit because it offers a range of advanced trading tools and competitive rates on crypto derivatives. It’s a rapidly growing crypto exchange, perfect for experienced traders looking for leveraged trading opportunities.

Boasting a wide range of crypto products, from buying and selling to staking and borrowing, Bybit is at the forefront of the next generation of crypto services, shaking up the traditional financial system and offering different ways to put your crypto to good use.

Bybit is primarily designed for more advanced traders, with integrated charts from TradingView that allow for extensive technical analysis across 100+ indicators. It’s highly secure, too, with regulatory approval in Europe and the Middle East, and it offers a comprehensive service to users around the world (except the US).

The fees: Fees are charged through a maker and taker system, so that there are cheaper fees to those who provide liquidity. ByBit’s fees start from 0.020% for makers and 0.055% for takers, which are highly competitive and match them up to any of the big players in the exchange game.

Highlights

No. of tradable assets	1,300 +
Min. Deposit	$10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ACRA, AUSTRAC, FCA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes, payment method dependent
Spreads	Yes
Conversion fees	No

Pros & Cons

A large range of cryptocurrencies available to trade Widely regarded as one of the safest crypto exchanges Perpetual and futures contracts available Lots of aditional tools and features

Not available in all regions Some aspects are not beginner friendly

Read review Visit Bybit

5. Nexo. Best for earning interest & rewards

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4

Ratings

$-

Min. deposit

…

Fees

–

No. assets

No

Demo account

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured

No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Read review Visit Nexo

Is it legal to buy crypto in Australia?

Yes, it’s completely legal to buy, sell, or trade Tether USDt in Australia. The Australian government is relatively crypto friendly. Though it has put in place some money laundering regulations (known as AML) and provided warnings about crypto as a highly volatile investment, it has taken a hands-off approach to crypto regulation in general.

These regulations are enforced through AUSTRAC, a government agency which keeps exchanges in line. Exchanges must be licensed in order to operate in Australia, and that license ensures they comply with Australian Securities and Investments Commission (ASIC) regulations.

You can search the AUSTRAC database to find out whether your exchange is registered, or you can simply search for the exchange name and ‘AUSTRAC’ online and get the information you need.

What is the best way to pay for Tether USDt (USDT)?

The simplest way to buy Tether USDt cryptocurrency in Australia is with your bank card. However, you can make a deposit in other ways, though there are fewer options if you want to make a deposit in AUD. Here are some of the top ways to pay for USDT.

• Buy Tether USDt with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way, or it simply may not be available. Binance, for instance, charges a 2% fee to buy crypto with AUD and you can’t make a withdrawal in that currency.

• Buy USDT with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant. However, some banks might limit how much you can invest in crypto. For example, last year Commonwealth Bank put a limit of AUD $10k per month on crypto purchases.

• Buy USDT with PayPal. Some crypto brokers in Australia accept deposits via PayPal. Not many exchanges offer this option, however you can use this guide to explore the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you buy USDT and pay with other providers or international money transfer services, like Neteller, PayID, Poli, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How to trade USDT

You can trade Tether USDt on a Australian cryptocurrency exchange using a few simple steps.

Here’s a quick example that clearly lays out how USDT crypto trading works. Most crypto trading uses USD as a base currency, rather than AUD, so we’ll use that for our example:

1. Monitor the price: For simplicity, let’s say the price of USDT/USDT is $1. You read the price charts and decide that now is a good time to start purchasing USDT.
2. Open a trade: You trade one USDT for one USDT ($1 USD for 1 USDT).
3. Continue to monitor the price: The following month, one USDT token is now worth $2, a 100% increase.
4. Close your trade: You trade your USDT token back to USDT for $2.

In this example, you buy and sell Tether USDt, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade in order to be successful.

How do I store Tether USDt (USDT) in Australia?

Most Australian crypto investors keep their crypto on the exchange they used to buy it. If you plan to hold onto it for only a little while, that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Tether USDt, you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Crypto wallets are available wherever you are in the world, they don’t suffer from the same geographic restrictions as an exchange or trading platform might.

Two of the best Tether USDt wallets for Australia, or anywhere else in the world, are MetaMask and the Ledger Nano S.

Is now a good time to buy Tether USDt?

The answer depends on the current USDT/AUD price and your own investment goals. Put simply, buying Tether USDt, selling Tether USDt, and trading USDT are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Tether USDt.

• As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of USDT, then a good time to purchase Tether USDt is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Tether USDt and selling it the next day probably isn’t why you’re here either.

How has Tether USDt (USDT) performed this year?

The current Tether USDt price today is $1.00, which is -17.73% versus its all time high of $1.22, which it reached on 25 February 2015. USDT is -0.06% this year, with a 52 week high of $1.00 and a 52 week low of $1.00. 

Regardless, closely following Tether USDt price news & analysis will help you decide when to pull the trigger.

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