However, USDT’s parent company Tether has faced controversies (more on this later). Learn all about crypto swaps and NFTs, and discover what’s trending in the budding world of Web3. Stablecoins are part of a larger story about global demand for the U.S. dollar, particularly outside of U.S. borders.
Step 4
Stablecoins do not serve the same purpose as most cryptocurrencies. Stablecoins are designed as a safe asset, and momentum trading etfs can facilitate quick and cheap payments or money transfers on a global scale (remittances). They provide a fast way to transfer deposits or withdrawals between fiat currencies to cryptocurrency exchanges.
USDT: The MVP of crypto
We offer localized payment options that cater to regions all over the world. Now that you have USDT, you can simply hold it or exchange it for another asset. You could even send it to another exchange or wallet, play around with some DeFi platforms, and start earning on your assets — it’s entirely up to you.
Purchase your Tether, select a buy order type
You can now either Withdraw your USDT to another exchange or wallet or use the Exchange option to exchange your USDT for another asset. With USDT playing a role in many facets of crypto trading, it’s wise to understand how you can buy, swap, and transfer the stablecoin. For a deeper understanding of USDT and the company behind it, Tether, click here to read our explainer article.
Due to the safety provided by stablecoins, many people hold and buy stablecoins like USDT because they are equivalent to USD. Centralized exchanges (CEXs), most often, offer USDT trading pairs directly with USD. Decentralized exchanges allow you to trade Tether with a multitude of altcoins. First, head to your account to locate your USDT and use your wallet. ➤ Bitget will send a verification code to your email and/or phone.
You can pay with a credit/debit card, Apple Pay, Google Pay, or PayPal. We also support local options such as SEPA , UK Faster Payments, Pix in Brazil, as well as Venmo and bank transfers in the US. Some exchanges, including OKX, don’t charge a fee to transfer USDT. However, a network fee will apply depending on the network you choose. These are fees paid to the blockchain network, and they also apply when you transfer USDT from one wallet to another, or from a wallet to an exchange. However, the process of buying USDT can be confusing for beginners.
Use your Tether to purchase goods and services from any participating merchant that accepts USDT and cryptocurrency. The best way to buy USDT is through a cryptocurrency exchange, like Bitget, or directly through Tether Limited. The eurodollar system — where USD circulates outside the U.S.— has existed for decades, powering global trade and shadow banking.
David has been deeply involved with the cryptocurrency industry since 2017. Next, you’ll be prompted to enter the amount you’d like to purchase. Once you know which blockchain you prefer for USDT, you can choose directly in the MoonPay widget. We support Tether on many blockchains like Ethereum, Solana, Binance Smart Chain, Polygon, Tron, and more. How much USDT you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels. There is a growing number of charities that accept donations in USDT (Tether) and other cryptocurrency.
Demystify Crypto Taxes
After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases. Stablecoins like USDT can be held as an alternative to the cryptocurrency market’s volatility, since the stablecoin issuer will attempt to keep the price constant. USDT can also be used as collateral for lending and borrowing, in yield farming and liquidity pools, and other DeFi applications. No matter the amount, you can buy Tether via a one-time purchase, or through a recurring buy order. Recurring crypto purchases allow you to gain USDT price exposure over time, helping to limit the risk of volatility through dollar-cost averaging principles.
Buy Tether today
A stablecoin is a cryptocurrency that pegs its value to the price of an underlying asset, such as a fiat currency like USD, EUR, or GBP. Stablecoin prices are equivalent to £1, $1, €1, or whatever currency the asset is pegged to. If you purchased USDT on OKX, you can store it on the exchange. You can also transfer your USDT out to a non-custodial wallet such as OKX Wallet, or a hardware wallet. However, a network fee will apply for the transfer depending on the network you choose. Buy Tether (USDT) in 150+ countries using the local currency of your bank account.
- MoonPay has a sell functionality, so you can easily buy Tether and then exchange it for fiat currencies like USD and EUR.
- You can pay with a credit/debit card, Apple Pay, Google Pay, or PayPal.
- Due to the safety provided by stablecoins, many people hold and buy stablecoins like USDT because they are equivalent to USD.
Therefore, most exchanges, like Bitget, Bybit, and others, will support it. Buying stablecoins like USDT is a straightforward way to retain one’s purchasing power. When traders take a profit, it is common practice to trade into a stablecoin on-chain instead of converting into fiat. From there, you will taken to a screen that displays your USDT assets and how much you have.
This will make it harder than ever to ‘cash out’ stablecoins without the government being able to identify you. USDT, or Tether, is a cryptocurrency that is pegged to the value of the US dollar. This means one USDT is intended to remain equivalent to one USD, providing a stable value in the often volatile cryptocurrency market. MoonPay allows you to easily sell Tether and cash out directly into fiat currency and your bank account. After the payment is made and confirmed, the USDT will be released to your Bitget wallet. You can check the updated balance by navigating to “Assets overview”.
With the above guide, you can quickly understand how to buy and move USDT quickly and securely using OKX. Check out our guide to USDT for a deeper understanding of this popular asset. And if you feel ready to level up your trading and potentially gain more from your USDT, read our beginner’s guide to OKX Shark Fin, our principal-protected savings product. If you already have USDT in your wallet, you can send it to a cryptocurrency exchange like OKX to swap it for another currency.
- After you buy Tether, you can transfer it to anyone across the globe, as long as you know their crypto wallet address.
- The price of USDT will fluctuate when you purchase it using other non-USD currencies, which is important to keep in mind.
- Purchase Tether in more than 150+ countries using the local currency of your bank account.
- If you prefer transferring USDT from your mobile phone, you can do so using the OKX Wallet in our app.
For Ethereum, Tether widely used in DeFi applications like lending and trading. On Solana, USDT supports fast, scalable payments suited for real-time apps. Each network offers unique advantages that shape how USDT is used.