How to Buy USDT in Three Easy Steps A Beginners Guide

how to buy usdt

To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%​​​​​​. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. After you complete the form and select “Sign Up”, you’ll be asked to confirm whether you’re a resident of any of these countries. The countries shown below are restricted, meaning you won’t be able to use their service. If you’re looking to buy USDT quickly and easily, we’ve got you covered. This guide will cover buying USDT from a beginner’s standpoint, ensuring the process is as easy as possible and answer some questions you may have about stablecoins and USDT.

What is Tether (USDT)?

Fund your account by buying or transferring crypto for the first time on Nexo. Move your assets to any of the 1, 3, or 12-month Fixed Terms before June 30 to get up to 10,000 USDC. 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. In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers.

Why should you use stablecoins?

Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of USDT’s utility. Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of USDT you want. You can also choose to complete a purchase with Apple Pay or Google Pay. Swap any asset for USDT with zero fees and fixed-price execution on Nexo’s Crypto Exchange. There is a growing number of charities that accept donations in USDT (Tether) and other cryptocurrency.

  1. Many or all of the products featured here are from our partners who compensate us.
  2. To complete your purchase, you will be redirected to the service providers website.
  3. Kaiko, a digital assets provider, found in October 2021 that nearly half of Bitcoin trades are executed using Tether.
  4. Investors may shift value to USDT in an effort to reduce risk they might be exposed to with other cryptocurrencies in their portfolio.
  5. A Stablecoin is a cryptocurrency that is pegged to the price of an underlying asset such as a FIAT currency like USD, EUR, or GBP.

How to Buy Tether (USDT)

Now you have USDT, you can simply hold it or exchange it for another asset. You could even send it to another exchange or wallet and play around with some how to mine bitcoin on my laptop computer DeFi platforms and start earning on your assets. From there, you will see a selection of service providers that can handle your purchase for you.

how to buy usdt

USDT (USDT) Price Performance

Our partners cannot pay us to guarantee favorable reviews of their products or services. To complete your purchase, you will be redirected to the service providers website. Please be aware that will have to create an account and complete any necessary KYC verification before you can complete your purchase.

However, the process of buying USDT can be confusing for beginners, as it can be difficult to find reliable information on how to do it easily. Due to the safety provided by stablecoins, many people hold and buy USDT, making it a good investment. As opposed to speculation, stablecoins are designed as a safe asset.

You start earning interest automatically the next day after you add USDT to your Nexo app. If you want to increase the amount of interest you earn by up to 2% you can opt to receive your interest in NEXO. Make free, instant USDT transfers to all your friends, family, or colleagues as long as they have a Nexo account. Spend the value of your USDT without selling it, all while getting up to 2% back in crypto rewards.

Input the amount of USDT you’d like to transfer, click “Withdraw” and finish any necessary verification or authentication processes. From there, you will taken to a screen that displays your USDT assets and how much you have. You can now either Withdraw your USDT to another exchange or wallet or use the Exchange option to exchange your USDT for another asset. From here, we can start using our USDT to trade with, earn from or simply hold. Now we’ve completed the sign up process, we can buy USDT using their FIAT gateway option.

This stablecoin is pegged to the price of the US dollar and it’s possible to own less than one USDT. For example, 0.54 holdings of USDT, given that the peg remains stable, would be valued at $0.54 cents. Many crypto investors hold USDT for its price stability and liquidity, as each token promises to be redeemable for cash on a 1-to-1 basis.

Tether’s flagship cryptocurrency, USDT, is supposed to be pegged to the U.S. dollar, meaning that each USDT token should maintain a corresponding value of $1. Since Tether is pegged to a traditional fiat currency, it tends to behave as such, and its value rarely fluctuates. If you’re searching for a cryptocurrency with big growth potential, Tether probably isn’t for you. But some investors may like it as an easier way to move in and out of other crypto positions. Stablecoins also provide a fast way to transfer deposits or withdrawals between fiat currencies to cryptocurrency exchanges.

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