Can I buy Tether (USDT) with a Credit Card?
Yes, it is possible to buy Tether (USDT) with a Credit Card on many cryptocurrency exchanges. The most popular platforms include Bybit, Uphold, OKX and Binance. Although these exchanges support both credit card deposits and the ability to buy Tether, they charge high fees for card deposits.
We recommend using the Uphold platform as they only charge 2.49% in deposit fees. Plus, they are considered the most secure brokerage in the world as they provide complete transparency with users assets by undergoing regularly audited proof of reserves.
How to buy USDT with a Credit Card
The process of buying USDT with a Credit Card is relatively straightforward. First, create an account on Uphold and complete the verification process by submitting your personal information and proof of identity such as passport or driver's license. Then, fund your account by depositing funds via a Credit Card and exchange them for Tether (USDT). Follow the below steps to get started.
- Create a free account on Uphold and complete the verification requirements.
- Connect your Credit Card to Uphold by selecting the fiat currency you want to deposit.
- Select the 'connect bank' button to link your Credit Card to the platform.
- Choose 'USDT' as the token you want to buy and execute your trade.
Is it expensive to invest in Tether with a Credit Card?
The fees associated with investing in Tether with a Credit Card depend largely on the chosen digital asset exchange. Most exchanges charge between 4% - 6% for credit card deposits whereas Uphold only charges 2.49%. Trading fees on Uphold are also competitively low ranging between 0.9% - 1.2%.
Should I invest in Tether?
Whether or not investing in Tether (USDT) is right for you ultimately depends on your financial goals and risk tolerance. With that said, many investors believe that USDT is a safer option than other cryptos due to its relative stability and ubiquitous availability across digital asset exchanges worldwide.
As always, we recommend doing thorough research before investing in any cryptocurrency and only investing what you can afford to lose. We also advise using secure platforms with low fees and complete transparency for buying Tether (USDT) such as Uphold.
What is Tether (USDT)
Tether (USDT) is a cryptocurrency that is pegged to the U.S. Dollar and backed by physical currency reserves in a bank account. USDT is used for a variety of purposes including hedging against volatility, transferring funds between exchanges quickly, and as an alternative to fiat currencies when buying digital assets on cryptocurrency exchanges.
It was created in 2014 by the Tether Foundation and is a widely used cryptocurrency, currently ranking in the top 10 most traded cryptocurrencies by volume. USDT is supported on many of the major digital asset exchanges as well as on physical payment networks such as VISA and Mastercard.
Buying Tether (USDT) with a Credit Card on regulated and licensed digital asset exchanges like Uphold is an easy and straightforward process. Uphold is available in over 150+ countries and supports over 90 fiat currencies to buy Tether with.