If you are looking to buy USDT, there are a few different options available. Some offer better prices than others, so it is important to shop around before you decide which option is right for you.
Tether backs its buy USDT Australia with US dollar reserves and highly liquid cash equivalents, such as US Treasury bills and commercial paper. The company recently removed all commercial paper from its reserves and replaced it with US Treasury bills, a move it says increases trust in its tokens.
1. ByBit
ByBit is a crypto exchange that supports a range of assets. The platform offers instant deposits and is available in over 100 countries with no KYC or verification.
The website also provides a suite of products including perpetual futures contracts. These contracts do not expire, which makes them an ideal option for traders who want to maximize their profit opportunities.
The Bybit platform allows users to trade with a minimum deposit of $100 and leverage of up to 100x. It also offers a variety of orders, including limit order, conditional order, stop-loss and advanced order forms.
2. Huobi
Huobi is one of the most popular cryptocurrency exchanges in the world. Its website is highly user-friendly and enables users to buy and sell cryptocurrencies without hassles.
It also offers trading charts, 24-hour customer support and cryptocurrency derivatives trading. Traders can report any issues to the customer service agents through phone, email and online chat channels.
The exchange also has a user protection fund that is set aside to cover any losses due to hacks and security breaches. This feature is an added benefit for users who want to make sure that their money is protected at all times.
3. MoonPay
MoonPay is a crypto payment service that lets you buy and sell cryptocurrency and nonfungible tokens (NFTs) using debit cards or credit cards. It launched in 2019 and raised $87 million from celebrity investors including Justin Bieber, Snoop Dogg, Gwyneth Paltrow, Post Malone, and Ashton Kutcher.
You can buy crypto directly with MoonPay by completing KYC verification, which takes a few minutes. Afterward, you can choose to pay with a bank transfer or your debit card (Mastercard and Visa). The transaction is generally completed within 5-20 minutes.
4. Paxful
Paxful is a peer-to-peer cryptocurrency exchange that allows buyers and sellers to connect through posts and responses. It also offers escrow services to protect cryptocurrency from theft or scams.
It supports over 350 payment methods for account funding and doesn’t charge a deposit fee. It also has a strong focus on African traders.
Buying and selling crypto is easy on Paxful, but you need to do your research before you invest. Find offers that are priced right, with a payment method that works for you and from a seller who has good feedback.
Paxful’s escrow feature locks cryptocurrencies in case of controversy and holds them until both parties complete the trade successfully. This helps reduce fraud and ensures that the buyer gets their tokens.
5. Kraken
Kraken allows you to buy and sell USDT directly through its platform using your bank account balance. This feature is incredibly convenient for traders who want to avoid any fees associated with buying and selling crypto.
Despite its high trading volume and competitive pricing, however, some users have complained of serious security issues on the platform buying bitcoins. This is a concern as cryptocurrencies have been known to be hacked often, resulting in millions of dollars worth of lost value.
The easiest place for new cryptocurrency investors to start is the main Kraken platform, but more experienced crypto enthusiasts may prefer Kraken Pro and its advanced margin and futures features. Moreover, users can also earn interest rewards via coin staking.
6. Exodus
Exodus is a non-custodial cryptocurrency wallet that supports more than 200 crypto assets. It is a great way to get started with crypto and has a great support team.
Unlike custodial exchanges like Coinbase, Exodus does not take custody of your wallet and requires no account signup. Instead, it uses a 12-word secret recovery phrase and private keys that allow you to control your assets at all times.
Conclusion
Exodus also offers multiple security features, including a backup system that allows you to restore your wallet password or seed phrase if you lose them. Its help section includes videos, FAQ, Slack chat and email support.
