Can you Buy Tether (USDT) in the USA?

Yes, investors in the United States can purchase Tether (USDT) through FINRA and FinCEN-licensed digital asset exchanges in the country. However, specific regulations and availability may vary depending on the state due to the individual state's regulations.

How to Buy USDT in the USA

As previously mentioned, the most straightforward way to buy USDT in the United States is through a cryptocurrency exchange licensed by the Financial Industry Regulatory Authority (FINRA) and the Financial Crimes Enforcement Network (FinCEN). This method allows investors to deposit USD through bank transfers, credit card payments, and other secure methods to buy Tether and various other digital assets or stablecoins.

For your convenience, here's a simple 4-step guide using our suggested broker, Uphold:

  1. Register for an account on Uphold and fulfil the necessary verification procedures.
  2. Choose 'My Banks' to link your unique bank account in USD or an alternative payment method.
  3. Input the amount of USD you wish to deposit and verify the transfer.
  4. The funds will appear in your account promptly, at which point you can select 'USDT' as the token you'd like to purchase and finalize your trade.

What are the USD to USDT Fees?

The fees for converting USD to USDT vary across different cryptocurrency exchanges and typically include deposit, trading, and withdrawal fees. Deposit fees can fluctuate based on the payment method, with some platforms offering free deposits for bank transfers.

Trading fees, charged when changing USD to USDT, usually range from 0.1% to 0.5%. Withdrawal fees apply when you move USDT from the exchange, with the rate differing across platforms.

Is Tether (USDT) Legal in the USA?

Yes, Tether (USDT) is legal to own, buy, and sell in the United States. The operation of cryptocurrency exchanges where you might buy or sell Tether is subject to regulation by the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC), among others.

Bottom Line

Purchasing Tether (USDT) in the United States is achievable and legal, but the process depends on state-specific regulations. The easiest method involves using a FINRA and FinCEN-licensed cryptocurrency exchange like Uphold. Fees, including deposit, trading, and withdrawal fees, vary among platforms but are an important factor to consider. Always ensure that you're complying with all applicable laws and regulations when trading cryptocurrencies.