It doesn't matter if you are looking to hedge your trades with something a little less volatile, wait out some bearish market conditions, or transfer value across the world Tether USDT can be a useful cryptocurrency tool. For a growing number of people, USDT has become a valuable tool for remittance worldwide. One question people face has a great answer you may not be aware of, and as the title suggests, it's how you can buy USDT and buy it fast with enough flexibility to suit just about any trader's needs.
What is USDT?
Tether (USDT) is a cryptocurrency that acts as a stablecoin; it aims to be pegged to the value of the US dollar. After several years of relatively high adoption in the cryptocurrency space, Tether is one of the most well known and established stablecoins. In recent years the blockchains that support tether tokens have increased.
USDT helps provide the relative stability of the US dollar to cryptocurrency traders; this allows you to step out of trades into something more stable when trading volatile digital assets or be more confident assets will hold value during transfers or when sending a remittance.
How Does USDT Work?
Tether acts as a token and leverages the power of various large blockchains to transfer value quickly and easily. While originally Tether on the bitcoin network with the help of Omni was the most prevalent, these days, you see quite a lot of Tether on ethereum in the form of ERC-20 tokens, and that is what we'll be focusing on here in this article. When trading tether, always ensure you are trading the correct type of tether for your needs as different types of Tether wallets will typically not be compatible interchangeably.
Ways Tether Can Be Used
- Less volatile value transfer makes it great for payments
- Avoid temporary cryptocurrency volatility
- Use as an arbitrage tool with broad support across exchanges
- Gain exposure to USD without having to hold it directly
How to Get USDT
While you can get tether directly from the company that mints the tokens, they do tend to prioritize large traders and businesses that use their token. There are many other ways to get USDT, but one of the best ways is P2P trading on LocalCoinSwap. While there are many ways to buy tether when you trade P2P, you have access to a vast range of payment methods and fiat pairs, allowing you to use whatever payment method you like and trade across the world.
Where to Buy Tether?
Whether you live in a country that has limited access to cryptocurrency, or somewhere with many domestic USDT exchanges, the best way to buy USDT is with the help of P2P trading on the LocalCoinSwap platform. When buying tether this way, you can do anything from buying USDT with cash to selling USDT for bank transfer and so much more.
Whatever your situation or needs may be, the flexibility of this type of USDT exchange allows you to get USDT in a way that suits your needs.
How to Buy USDT with USD and Other Currencies?
Buying USDT with cash, whether in the form of AUD, GBP, EUR, or just about any fiat currency, can be difficult when using common popular order-book exchanges. If you head on over to LocalCoinSwap, you can search offers from vendors in a range of fiat pairs. If you can't find a suitable trade offer that accepts your local currency, you can quickly become a vendor on the platform yourself and make your own offers in just a few moments by clicking "Create Offer" and following the prompts.
Can You Buy USDT with PayPal?
While you may have expected this to be difficult (and in some ways, it can be), P2P trading makes it easy to buy USDT with PayPal. As PayPal isn't a very cryptocurrency-friendly payment processor, it usually won't allow cryptocurrency exchanges to use them directly. However, when trading P2P, your transactions look like routine everyday personal transactions, helping you avoid problems with nosey payment providers like PayPal.
As there is some charge-back risk associated with this payment method, sellers will often demand a slightly higher margin when accepting PayPal for USDT. If you are only looking for a small amount and don't mind paying a little extra, PayPal may be a suitable option for you to consider when you are looking to buy some USDT quickly. If you want to become a vendor and sell USDT yourself, ensure you understand the pros and cons of offering PayPal as a payment method and set your terms well to help manage any risks associated with this payment type.
What is the Best Wallet for Tether?
While you can often find tether sitting in custodial exchange wallets, this can be quite risky to store USDT in this way. The best way to store USDT is in a wallet you control. One of the easiest ways to store your USDT in a non-custodial wallet is to use the user-friendly USDT web wallet provided automatically with your LocalCoinSwap account.
Storing your USDT in a custodial exchange wallet exposes you to platform risk, which can sometimes be significant. Avoid this fear by keeping your tether on LocalCoinSwap, where only you have access to your private keys and can import them into another wallet at any time. When you use a wallet with full control, your funds cannot be seized, hacked, or stolen; just ensure you safely store your private key in a safe place.
Send Remittances With Low Fees
One popular way stablecoins like USDT are changing not just the landscape of crypto but affecting people directly is through offering a cheaper alternative to many forms of remittance services. If you have been looking for a way to send money to family or friends overseas, you may have found it challenging to do so in the past without losing large amounts of your money in the process.
Cryptocurrencies like bitcoin and ethereum can be fantastic tools for remittance, but they expose you to higher volatility levels than stablecoins. If you are concerned about this issue and want to ensure as much of your value is exchanged as possible, stablecoins like USDT combined with the power of P2P trading to cross not just borders but the world can be the best way to send money overseas.
Can I Buy USDT With Credit Card Payments?
While in some cases you can buy USDT with a credit card, it is often not ideal. Often platforms that allow for this type of payment method can charge high fees, restrict trade sizes, and place restrictions on your accounts. Not to mention your bank may also block transactions it believes are related to cryptocurrencies, which unfortunately is easier to do when sending money to bank accounts tied to centralized exchanges.
If you are concerned about having a suitable way to buy USDT, head over to LocalCoinSwap and skim the massive range of payment methods available on the platform. There is something for just about everyone, and you can keep your credit card in your wallet where it belongs and avoid potential issues with your bank or the interest you may have to pay when buying cryptocurrency with a credit card.
Start Trading USDT Today
You can be trading USDT in minutes by signing up and using the most popular non-custodial P2P marketplace. It doesn't matter if you want to buy or sell tether; you can do it fast and effectively with the modern P2P trading process provided on the platform. Instant sign up and the most flexible way to trade USDT and other popular cryptocurrencies like bitcoin, ethereum, and more. You can even earn crypto by becoming a vendor and offering tether trading for various payment methods.
Get started now by heading over to LocalCoinSwap and begin taking advantage of the stability offered by tether (USDT) and other popular stablecoins like DAI and USDC, all on the same great platform.