Tether was created with the purpose of providing average users with a stablecoin pegged to the United States Dollar at an equal ratio. This makes it a very popular asset on the digital market of cryptocurrencies. But the versatility of the asset also allows it to be purchased using fiat from a variety of trading venues. In order to buy Tether with a debit card, users will need to undergo several steps on a selected cryptocurrency exchange and only then connect their bank cards to the platform in order to make the purchase transaction.
Any cryptocurrency exchange platform in the top ranking of Coinmarketcap will offer its users the opportunity to purchase Tether using any available and convenient on-ramps, such as bank cards, both debit and credit, as well as digital wallets and even other cryptocurrencies. By connecting your credit card you can buy Tether or any cryptocurrency from the selected platform at low commissions. Bank cards for business purposes are also welcome on such platforms, as they signify potentially higher volumes of trade, as companies may be willing to purchase large amounts of Tether for their operations or as investments.
Visa or Mastercard are the two most common cards accepted on any cryptocurrency exchange. What is the best among the two is impossible to tell, since that is entirely up to the preferences of the user or the availability of either gateway at the bank. Cryptocurrencies can be acquired also for other digital assets to make the conversion into Tether, making the transaction even cheaper if compared to the use of fiat funds. Given the low level of blockchain education among users, many still ask how to buy USDT, but most exchange platforms provide exhaustive guides on the process.
The Payment Means
The payment methods that cryptocurrency platforms provide have been connected years ago at the dawn of the cryptocurrency industry, and thus ensured the flow of liquidity in it. The best rates for the purchase of Tether or any other cryptocurrency are still a matter of debate among market participants, since the rates change on a regular basis depending on market conditions. But one thing remains constant – the use of internal platform tokens, such as those of Binance, ensures lower trading fees.
Bank transfers are a common means of purchase of Tether, since they allow almost instant transactions and transfer of acquired assets to the user’s balance. Users can buy Tether for any number of reasons, but the main one is usually using it as a means of payment among each other or for products and services within Web3 space. Users can also buy Tether instantly with Bitcoin or Ethereum, though the former is hardly ever used for purchases, considering its restrictive price and because:
- Bitcoin is an investment asset;
- The price of the asset fluctuates constantly;
- Bitcoin is more liquid.
There are many trading pairs with Tether and that greatly facilitates its usage as an asset in the market. One simple way to use Tether is to turn it into a liquidity pool addition that will generate passive returns. If some users choose to buy the pooled asset, then the provider of liquidity will receive rewards in the form of a commission. A crypto wallet has to be connected to the platform in order to receive the proceeds for instant withdrawal or continued compounding.
In order to purchase USDT, many users resort to P2P platforms, which provide a slightly fairer approach and give access to direct price setting. Other crypto can also be purchased using the same means. USDT with a markup is a rare occurrence, as the price of the asset is pegged to the United States Dollar, making it more fit for Forex and scalping rather than pair trading. But users still want to buy the asset for their everyday needs, making it ideal for use within Web3 space.
Deposit and withdrawal are wallet options that users will resort to most when using Tether. The amount you wish to transfer will always be subject to a commission, making it best to keep Tether online, rather than cash it out. Mastercard is statistically the most popular withdrawal source and is therefore an indicator of user activity geographically. More than Mastercard, PayPal is also used for withdrawals, considering that the platform has been making an entry into Web3 space recently.
Key Takeaways
Your USDT operations are your business, but keep in mind that P2P trading is always more user-friendly. Our USDT rates are on par with market averages or even lower. With round-the-clock support, users can always count on swift resolution of any issues. Just connect your wallet and start using Tether, making entry into Web3 space.
