Tether (USDT) is a blockchain-based cryptocurrency whose tokens are supposedly backed by US dollars. Commonly referred to as stablecoins, Tether is comparatively more stable compared to other cryptocurrencies which tend to be very volatile. This allows it to be used as a mode of storage and medium of exchange and not a medium of speculative investments.
Because it was the first stablecoin, it’s widely used and accepted while having the highest market cap. If you want to buy Tether today, you can do so from various sources ranging from crypto exchanges, P2P platforms and CFD brokers.
Founded in China in 2017, Binance offers trading for 386 different coins and 1,432 markets including Tether. Today, it supports more than $16 billion worth of transactions a day proving to be the most liquid exchange. If you’d like to buy Tether and invest in other coins, Binance would be worth consideration.
Binance also offers advanced market dashboards with real-time data. When it comes to trading fees, Binance is very competitive and a great option if you would like to perform technical analysis. Besides its reasonable fees, features such as data and charting abilities are quite impressive.
- Supports more than 300 coins
- Lower fees than other exchanges
- More advanced charting
- A large variety of trading pairs
- Accepts fiat currency
- Not approved in all US states
- Banned in several countries
Based in the US, Kraken has been in operation since 2011. This cryptocurrency is available in 176 countries and 48 US States. Alongside Tether, it supports up to 90 other cryptocurrencies. Unlike Binance it’s considered safer since it has never been hacked and is seen more favourably by authorities.
In a nutshell, it is ideal for institutions and traders who want to buy Tether. Helpful analytical tools help you make better decisions and gain an edge. Its lower trading fees, top north security, and wide range of cryptos makes it a robust choice if you’re just starting out on Tether. Moreover, it’s also suitable for those looking to use margin accounts to improve performance.
To buy crypto, you can use fiat or crypto. In the former, you can pay using wire transfer or credit card in 7 different currencies such as USD, EUR, AUD, etc. Bank transfers take longer but they are ideal for large payments.
- Invest large sums through dark pools
- Sophisticated trading features
- High cyber security rating
- Over-the-counter account management support is available
- It may be too complex for beginners
- Slow verification process
Paxful is a global P2P cryptocurrency marketplace that allows you to safely buy Tether. This means you can anonymously buy Tether without leaving your identity. Immediately you create an account you’ll find plenty of sellers who are willing to sell you Tether.
Like other exchanges, it provides an extensive range of payment options. From bank transfers to online wallets, Paxful offers more than 300 different modes of payment. In addition, it supports buying and selling in cash.
It also provides good customer support and gives you a chat widget where you can drop your queries and messages. Plus Paxful 2 factor authentication and encryption also provide maximum security. Despite some of its shortcomings, Paxful is still a good source of USDT.
- Allows a large selection of payment options
- Easy to use
- Provides greater anonymity
- Charges relatively high fees
AvaTrade is a privately owned CFD broker that was founded in 2006. Headquartered in Dublin, it has since developed to become one of the leading CFD brokers in the world with offices in Japan, Australia, China and many other cities.
With AvarTrade,you can trade over cryptocurrencies and other financial instruments. The difference is that Tether on the platform is provided as a CFD, so you don’t actually own the coin. Instead, you only lose or gain a profit based on the price movements, which makes it ideal for speculative traders.
The good news is that you will have vital training information allowing you to plan and maintain your portfolio. This platform stands out because of its range of cryptocurrencies and education guidelines for beginners.
- Provides a wide range of financing methods
- Negative balance protection
- Well regulated and trusted broker
- Low trading fees
- Inactivity fee of $50 after one month
- Variable spreads only
If you’re looking to invest and trade in Tether, choosing the right exchange is vital. Whether you want the lowest fees or the easiest experience there are several options to choose from. The best place to buy Tether should be secure, easy to use and capable of trading large volumes. However, with several places out there, choosing which one to stick with can be overwhelming. Thankfully, with this list, you can narrow your choices and end up with the best.