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.
After you buy Tether, you can transfer it to anyone across the globe, as long as you know their crypto wallet address. There are many custodial and non-custodial options to choose from, such as Ledger, Trezor, Exodus, and Trust Wallet. Select Tether from our catalog of margin trade binance over 100 cryptocurrencies available for purchase. In the MoonPay widget, you can choose to buy USDT on multiple blockchains, like Ethereum, Solana, Binance Smart Chain, Polygon, Tron, and more. Tether (USDT) has the widest adoption and largest market capitalization of all stablecoins, making it the most liquid.
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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.
Input the amount of USDT you’d like to transfer, click “Withdraw,” and finish any necessary verification or authentication processes. You can also download the Bitget mobile app via Google Play or the App Store. For this demo, we have used the Bitget platform and will explain the process step by step. If you prefer transferring USDT from your mobile phone, you can do so using the OKX Wallet in our app. The OKX mobile app is another fast and convenient place to buy USDT. Join 500,000 people instantly calculating their crypto taxes with CoinLedger.
- Let’s look now at how to exchange USDT on OKX and also on a DeFi platform directly from your wallet.
- They provide a fast way to transfer deposits or withdrawals between fiat currencies to cryptocurrency exchanges.
- For more information, check out our guide to stablecoin taxes.
How long does it take to buy USDT on MoonPay?
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.
Why is MoonPay the best way to buy USDT?
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.
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.
How to buy Tether (USDT)
- In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only.
- After the payment is made and confirmed, the USDT will be released to your Bitget wallet.
- In this guide, we’ll walk through the best exchanges to buy USDT and answer a few frequently asked questions about Tether.
- However, be sure to first understand exactly what methods are available in your country, as conversion methods and off-ramp options differ by exchange and location.
Stablecoins do not serve the same purpose as most cryptocurrencies. Stablecoins are designed as a safe asset, and 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.
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.
Another option is to use a decentralized exchange (DEX) to complete the swap. However, it’s important to note that the network fee for DEX swaps on some chains can be expensive. You might also encounter slippage, which happens when the price you request is different from the price at execution due to a sudden change in the asset’s value. What’s more, when swapping tokens via DeFi, you can only swap your assets for tokens that are available on the chain.
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.
Why should you use stablecoins?
Remember not to leave your USDT on an exchange; if you’re looking to hold, we recommend a secure crypto wallet (preferably a cold, hardware wallet) for safekeeping. CEXs, such as Bitget shown in our example, are convenient for buying USDT because they allow you to trade without the costly network fees that you see on-chain. Investors that regularly make large profits, like crypto whales, are typically more willing to pay network fees than the shrimp and fish. Now that you already have USDT in your OKX account, you can transfer it out to other accounts and wallets.
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.
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.
Prepare the wallet address you’re transferring to and the network before you start the process. As a base token that other tokens are traded against, USDT is available on most crypto exchanges, including OKX. Currently, decentralized exchanges like Uniswap give users the option to buy USDT and other cryptocurrency with no KYC. Select your preferred method of payment, review your trade details, and swipe to confirm your order. USDT use cases also vary by the specific blockchain it’s issued on.
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.