Buy Tether [USDT]

WhiteBIT
Published 29 August 2021
3156

Content

Statistics
Ticker
USDT
Market Rank
3 position
In circulation
67 954 703 169 / 0
Numbers
Data on 26.09
Price USDT
$1,00
Capitalization
$68,113,781,271
Dynamics of 24 h.
0,09%

Tether (USDT) is the largest stablecoin in terms of market capitalization. It is also the leader in terms of trading volume (at the moment of writing). It was created to fight the volatility of the crypto market. The attachment to the USD grants a stable price, and the digital nature allows the use of the token in the crypto ecosystem. In the article, we will discuss the token, including its advantages, as well as purchasing options.

What is USDT?

USDT is a stablecoin attached to the fiat currency. Every token is 100% backed by the Tether Holding Limited reserves. Apart from the traditional fiat, the token is backed by other assets equal to cash and loan funds. USDT is attached to USD in a 1:1 ratio.

Initially, USDT was launched on Omni Layer, a protocol working on top of the Bitcoin blockchain. Now, most of the tokens in circulation are based on the Ethereum ERC-20 standard. USDT mining is not possible because tokens are released only after they are backed by the issuer’s reserves.

Apart from USDT, Tether owns other stable coins, including EURT (attached to euro), CNHT (attached to Chinese yuan), and XAUT (attached to gold).

How do I buy Tether?

The advantages of using USDT

The special interest in USDT is mainly caused by the fact that the token combines features of fiat and crypto. In contrast to other digital assets, USDT is resistant to market shifts. However, it is still crypto with its safe and transparent transactions. Here are some ways to use USDT:

  • Store of value. Tether crypto is as stable as USD. If the value of other assets in your wallet declines, you can exchange it on USDT rather than withdraw them as fiat.
  • Optimization of transactions. Transactions on Tether are faster and cheaper compared to bank transfers.
  • Trading on centralized exchanges. Some trading platforms don’t support fiat deposits and withdrawals. However, you can trade USDT there. Moreover, the possibility of a quick exchange between crypto and stablecoins makes long and short-term trading strategies easier to execute.

Where to buy Tether (USDT)?

USDT is a popular asset with several purchasing options. The main are centralized exchanges, P2P platforms, and crypto exchangers.

Centralized exchange

Such platforms usually offer several options for getting USDT. Traders can buy it by placing an order. Those who don’t want to refer to trading can purchase via bank card or exchange. The advantages of centralized exchanges:

  • Different options are convenient for different purposes.
  • Security.
  • Possibility to use USDT right away.

P2P platforms

Here you can buy and sell directly from other users without 3rd party interference. Such platforms are easy to use. Create a request and wait. On our P2P platform Bitcoin Global, you can do it in just a few minutes.

What to do with Tether

Store Tether
Buy and safely store your Tether and other assets on an exchange or cryptocurrency wallet.
Trade Tether
Trade Tether and other 180+ cryptocurrencies in 400+ pairs. Choose a trading strategy and make a profit.
Send Tether
Use free WhiteBIT codes to transfer assets instantly and securely. Send fiat, Tether, and other cryptocurrencies.
Earn Tether
Increase your income with Tether and other assets. Try trading, margin trading, and SMART staking.
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The advantages of using USDT

The special interest in USDT is mainly caused by the fact that the token combines features of fiat and crypto. In contrast to other digital assets, USDT is resistant to market shifts. However, it is still crypto with its safe and transparent transactions. Here are some ways to use USDT:

  1. Store of value. Tether crypto is as stable as USD. If the value of other assets in your wallet declines, you can exchange it on USDT rather than withdraw them as fiat.
  2. Optimization of transactions. Transactions on Tether are faster and cheaper compared to bank transfers.
  3. Trading on centralized exchanges. Some trading platforms don’t support fiat deposits and withdrawals. However, you can trade USDT there. Moreover, the possibility of a quick exchange between crypto and stablecoins makes long and short-term trading strategies easier to execute.

Where to buy Tether (USDT)?

USDT is a popular asset with several purchasing options. The main are centralized exchanges, P2P platforms, and crypto exchangers.

Centralized exchange

Such platforms usually offer several options for getting USDT. Traders can buy it by placing an order. Those who don’t want to refer to trading can purchase via bank card or exchange. The advantages of centralized exchanges:

  • Different options are convenient for different purposes.
  • Security.
  • Possibility to use USDT right away.

P2P platforms

Here you can buy and sell directly from other users without 3rd party interference. Such platforms are easy to use. Create a request and wait. On our P2P platform Bitcoin Global, you can do it in just a few minutes.

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