Kraken Cryptocurrency Exchange
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Tether (USDT) is in the top 1,000 cryptocurrencies by market cap, valued at $89,773,952,846.
Tether is a highly volatile asset capable of major price swings in a single day. Today USDT is trading for $0.999917, which is slightly down from yesterday's trading price of $1.00. Tether's seen a decrease of 0% over the past year.
So before you buy 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 buy Tether.
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.
Find an exchange to buy, sell and trade USDT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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.
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 Tether.
Once you've created an account, you will need to deposit funds to buy USDT 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 USDT:
The easiest way to buy USDT 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.
You can keep your USDT on the exchange you purchased it on, or move it to a personal wallet:
If you are thinking about buying Tether or any other cryptocurrency, it's recommended that you understand the risks involved. Here are some facts to consider if you are thinking about buying USDT:
Compare today's price of Tether ($0.999917 USD) against its all-time high (ATH) price of $1.32 on July 24, 2018. The closer the bar is to 100%, the closer USDT is to reaching its ATH again.
Are you visiting from outside the US?
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