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

Use our step-by-step guide to learn how and where to buy Tether USDt on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
Reading time 3 minutes

Tether USDt coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Tether USDt this way. Follow our quick step guide below.

How to buy Tether USDt quickly in 3 steps

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To buy Tether USDt 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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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 12 crypto platforms for users based in

Coinbase review
4.2
Coinbase
Min. Deposit $10
Fees Up to 0.6%
No. assets 150+
Demo account No

Coinbase review

Kraken review
4.0
Kraken
Min. Deposit $10
Fees 0.10% – 0.26%
No. assets 200+
Demo account Yes

Kraken review

Paybis review
4.4
Paybis
Min. Deposit $4
Fees Variable
No. assets 90+
Demo account No

Paybis review

Step 2. Make a deposit

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

Step 3. Buy Tether 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 to buy USDT easily

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

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

  1. Coinbase: Best secure trading platform for all types of trader
  2. Kraken: Best for simple, global cryptocurrency trading from your phone
  3. Paybis: Best crypto platform for choice of payment methods
  4. Nexo: Best for earning interest & rewards
  5. OKX: Best for futures and margin trading

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

Best exchanges to buy Tether USDt (USDT), reviewed

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We found 12 crypto platforms for users based in

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

Fees & Costs

Pros & Cons

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

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4
Ratings

$10

Min. deposit

0.10% – 0.26% (volume dependent)

Fees

200

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

Fees & Costs

Pros & Cons

3. Paybis. Best crypto platform for choice of payment methods

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Paybis_logo
4
Ratings

$4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

Fees & Costs

Pros & Cons

4. 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

Pros & Cons

5. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Pros & Cons

How to trade USDT

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You can trade Tether USDt on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how USDT crypto trading works:

  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, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

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

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The simplest way to buy Tether USDt cryptocurrency is with your bank card. However, there are plenty of other options as well. 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. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Tether 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 as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Tether USDt (USDT)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Tether USDt then 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. Two of the best Tether USDt wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy Tether USDt?

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The answer depends on the current 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?

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The current Tether USDt price today is $1.00, which is -17.72% versus its all time high of $1.22, which it reached on 25 February 2015. USDT is -0.07% 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.

Is Tether (USDT) a good investment?

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Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Tether and its token to help you decide whether to invest in USDT.

  • Tether is one of the largest cryptocurrencies. Tether is the largest stablecoin in the world and one of the largest cryptocurrencies overall. Just behind Bitcoin and Ethereum in terms of market capitalisation, Tether regularly has a daily trading volume worth tens of billions of dollars. Its high activity and large market cap make it one of the safest coins in the crypto market. 
  • You can earn interest by lending USDT. As Tether is so widely traded, it demands a lot of liquidity. If you own USDT coins, you can lend them to liquidity pools and earn yield rewards. This is similar to staking on other cryptocurrencies; however, one benefit USDT has is its peg to the USD. This makes it much less volatile and interest yields are more consistent. 
  • Tether works on multiple blockchains. Tether was originally built on top of the Bitcoin blockchain but has been updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. This makes it more versatile and increases how it can be used. 
  • It can be used to purchase other cryptocurrencies and make payments. You can use USDT as a means of exchange for almost all other crypto coins. Transferring fiat to an exchange platform can take a long time. To speed up the process, you can simply buy Tether and keep it in your wallet or exchange it. You can transfer USDT between Tether wallets without paying any transaction fees. 
  • Several controversies surround Tether. The company behind Tether doesn’t have the best reputation. There have been allegations that USDT was used to manipulate the price of Bitcoin. Tether has also been accused of lying about its reserves and covering up losses. 

Use this quick summary of pros and cons to compare Tether with other similar projects.

Pros

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  • Tether is the largest stablecoin in the world
  • It’s one of the biggest cryptos by market cap behind Bitcoin and Ethereum
  • USDT can be used to earn high APY
  • Tether can be used with almost every wallet and exchange

Cons

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Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

FAQs

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01

Where can I buy Tether (USDT)?

02

What do I need to buy USDT?

03

Is Tether on Coinbase?

04

Is Tether on Binance?

05

Is Tether on eToro?


Sources & references

James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...