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How to buy Euro Tether (EURT)
Learn how to buy Euro Tether (EURT) in our step-by-step guide.
Euro Tether (EURT) is in the top 1,000 cryptocurrencies by market cap, valued at $224,914,887.
Euro Tether is a highly volatile asset capable of major price swings in a single day. Today EURT is trading for $1.09, which is slightly down from yesterday's trading price of $1.09. Euro Tether's seen a decrease of -1% over the past year.
So before you buy Euro Tether, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Euro Tether.
How to buy Euro Tether in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchangesThe easiest way to buy Euro Tether is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
Buy Euro TetherYou can now exchange your funds for Euro Tether. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Euro Tether to your personal wallet.
Where to buy Euro Tether
Find an exchange to buy, sell and trade EURT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Euro Tether guide up-to-date
- EURT price data is regularly updated through data feeds so you always have the latest information.
- Euro Tether performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Euro Tether?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Euro Tether?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Euro Tether.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing EURT with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Euro Tether?
Once you've created an account, you will need to deposit funds to buy EURT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy EURT:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase EURT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for EURT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Euro Tether?
The easiest way to buy EURT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best Euro Tether wallets to store your EURT
You can keep your EURT on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your EURT below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Euro Tether a good investment?
Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of EURT may want to consider the following:
- EURT’s use case: The purpose of EURT is to offer a stable digital asset that tracks the true value of the Euro. It was developed as a stablecoin to be used to secure funds and transfer funds away from the unpredictable and highly volatile cryptocurrency market. As the token tracks the value of the Euro, investors should only purchase the coin if they wish to gain exposure to the fiat equivalent. The token should not be purchased with the expectation of long term capital gains.
- Centralized: EURT is fully controlled by Tether Limited. It is the responsibility of Tether to ensure that each EURT is backed by a physical Euro so that the peg remains in place. Any issues with Tether Limited may, therefore, affect the stability of the token.
- Possibility of censorship:As Tether Limited holds full control of EURT the company has the power to stop anyone from using the token. Although this action has been taken by Tether in the past, it has only been used when suspicious activity is detected. The issuing company has also stated that it regularly works with regulators to crack down on the suspicious activities of its users.
- Tether controversy: Since 2016, Tether has come under heavy controversy over the rumour that reserves do not fully back the circulating supply of its stablecoins. Although the claims were never proven and the company claims to be audited regularly, past controversy may deter some investors from utilising EURT.
- Regulatory awareness: While Tether Limited is compliant with current regulations, it is impossible to tell how future governments will adapt and react to developments of digital currencies. Governments have been known to change their stance on cryptocurrencies from time to time, which may affect the usable capacity of a stablecoin like EURT.
Today's Euro Tether price versus ATH
Compare today's price of Euro Tether ($1.09 USD) against its all-time high (ATH) price of $1.31 on September 02, 2021. The closer the bar is to 100%, the closer EURT is to reaching its ATH again.
How do I trade, convert or sell Euro Tether?You can convert or sell your EURT with the same exchange you bought it through:
- Sign in to the exchange you have EURT on.
- If you store your Euro Tether in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of EURT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Euro Tether.
- Complete your transaction and move your EURT to a wallet for storage.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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