How to Buy Tether (USDT) with Wise

Can I Buy USDT with Wise?

Yes, you can purchase USDT (Tether) using Wise, a service renowned for its fast and cost-effective global money transfers. Wise collaborates with reputable cryptocurrency exchanges that adhere to international regulations, providing a secure and seamless process for adding local currency to your account. This makes it convenient to acquire USDT and other stablecoins such as USDC. Funding options available include bank transfers, SEPA, SWIFT, and the Wise debit card

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How to Buy USDT with Wise

You can buy USDT (Tether) seamlessly through Bybit, a reputable exchange known for its adherence to international financial standards, ensuring safety and reliability. Serving over 25 million users, Bybit offers more than 1,100 cryptocurrencies, with Tether among other popular stablecoins like USDC and DAI available. Bybit’s integration with Wise allows for instant deposits, making international transfers both affordable and efficient.

Here's a simple guide to buying USDT on Bybit with Wise:

1. Create an Account: Visit the Bybit website and sign up.
2. Fund Your Account: In the Bybit dashboard, go to the 'Buy' section to access the instant purchase area.
3. Select Currency: Choose the fiat currency to deposit, select USDT, and enter the amount.
4. Complete Transaction: Click 'Buy' to confirm, and the transfer from your Wise account will be processed.

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Wise to USDT Fees

Converting funds through Wise to buy USDT (Tether) includes deposit, trading, and withdrawal fees, collectively ranging from 0.1% to 1%. Bybit is a popular choice due to its low fees. It charges only a 0.1% spot trading fee for USDT and offers free fiat deposits from Wise.

In comparison, platforms like Coinbase often have higher fees, exceeding 1% per trade. Bybit’s lower fees make it a more cost-effective option for purchasing USDT with Wise.

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Will Wise Support Tether (USDT)?

Currently, Wise does not support USDT or any other cryptocurrencies. The primary reasons are the regulatory challenges associated with digital currencies and Wise’s focus on traditional money transfers. Adapting their operations to accommodate cryptocurrencies like USDT would require substantial changes.

Given these regulatory and structural obstacles, it is unlikely that Wise will support USDT or similar cryptocurrencies in the near future.

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Bottom Line

In summary, while Wise currently does not support direct purchases of USDT (Tether) or other cryptocurrencies due to regulatory and structural challenges, you can still use Wise to fund accounts on compliant exchanges like Bybit. Bybit offers a secure and efficient way to buy USDT with low fees and various deposit methods, including SEPA, SWIFT, and the Wise debit card.