Discover how to buy Tether (USDT) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Tether (USDT) is currently at
S$1.2706
S$0.00021631 (+0.02%)
Last updated on --.
How can I buy Tether on OKX?
Whether you're new to crypto or an experienced trader, you can buy Tether using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Tether
Select Tether and buy using your chosen method.
Step four
Receive your Tether
Confirm your purchase and store your Tether in your portfolio.
What's Tether?
Tether is a type of digital money called a stablecoin. Imagine it like a digital version of a dollar that you can use on the internet. It was created to make it easier to trade other cryptocurrencies without worrying about big price changes. Tether is designed to always be worth about one US dollar, making it a stable choice for people who want to use digital money without the ups and downs of other cryptocurrencies.
How can I buy Tether?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete identity verification by providing necessary documents. 3) Fund your account using a bank transfer or credit/debit card. 4) Once your account is funded, go to the trading section. 5) Search for Tether and select it. 6) Enter the amount you want to buy and place your order. 7) Confirm the transaction and your Tether will be added to your account.
Why do people buy Tether?
People buy Tether because it offers stability in the often volatile world of cryptocurrencies. It's widely used for trading and transferring money across borders quickly and with low fees. Tether is also popular for those who want to keep their money in digital form without worrying about price fluctuations. It is accepted on many platforms, making it a versatile tool for digital transactions.
Things to know before buying Tether in the United States
In the United States, cryptocurrencies like Tether are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when using platforms like OKX. Be aware that any gains from trading or using Tether may be subject to capital gains tax. It's important to keep records of your transactions for tax purposes and consult a tax professional if needed.
What are other ways to own Tether?
You can obtain Tether through various methods without directly buying it. Some platforms offer airdrops, where you receive free tokens for participating in certain activities. Learn-and-Earn programs reward you with Tether for completing educational tasks. You might also earn Tether by providing liquidity in certain crypto markets or through referral programs. Each method requires different levels of effort and may involve risks, so research carefully before participating.
How can I store my Tether?
To keep your Tether safe, you can choose between custodial and non-custodial storage. Custodial wallets are managed by platforms like OKX, offering convenience but requiring trust. Non-custodial wallets give you full control but require you to manage your security. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet, keep your recovery phrases safe, and use strong passwords to protect your assets.
Why should I buy Tether on OKX?
Learn more about the security measures keeping your Tether safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Tether (USDT)
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How to get Tether for free
Invite friends, earn rewards
See how you can get free Tether when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Tether grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Tether
Take advantage of price fluctuations and trade your Tether for other cryptocurrencies.
Send Tether
Send your Tether anywhere, anytime with fast, low-cost transfers.
Spend Tether
Use your Tether to pay for goods, services, and experiences seamlessly.
Hold Tether
If you think your Tether will increase in value, you can hold onto it.
Sell Tether
Convert your Tether to cash quickly and securely.
How to buy Tether (USDT) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Tether USDT safely on a trusted exchange like OKX.
Choose the best exchange to buy Tether (USDT) depending on your individual needs. Factors to consider when picking the best place to buy Tether (USDT) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Tether. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Tether (USDT), as well as fiat withdrawal options.
This depends on the method you use to convert Tether (USDT) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.