Why conduct your operations on a serious exchange?
No matter what kind of cryptocurrency you want to buy, It is always important to go to a trusted exchange to buy or sell in order to avoid being scammed by an unscrupulous platform.
FTX, Swissborg, Binance, Kraken, BitPanda, Paymium, PrimeXBT, ProBit, Kucoin, …, Exist hundreds of different exchanges which allow to carry out transactions of purchase and sale USDT… If you have any doubts about reliability the exchange you want to use to buy Leash, instead select one of the sites on which we recommend conducting your transactions in order to limit your risk.
Available ways to buy USDT tokens
Tether, despite its specificity and sometimes a gray reputation, is popular and highly capitalized digital asset… As a result, you have many options for purchasing tokens. USDT…
Therefore, we are going to see with you the methods available, which are the most common, so that you can get Tether…
Buy Tether with Credit Card
Some platforms allow you to buy Tether with bank card, But it is not so everywhere Unfortunately. Indeed, exchange platforms that allow the transition from the fiat world to the cryptocurrency world usually have a sufficient number of cryptoassets limited what can be exchanged for Euro or several dollars…
In case you cannot directly buy USDT with your bank card you will have to go through intermediate stage… You will need to start by purchasing a popular digital asset such as BTC or ETH for example then transfer to a platform that allows you to trade it for USDT.
Buy USDT by bank transfer
Similarly, it will not always be possible to purchase USDT tokens via bank transfer… If some exchanges allow it, others won’t. Again, you must first get the popular cryptocurrency via bank transfer before you can convert to Tether on another platform…
What other payment options are there for buying USDT?
As you understood, only crypto assets the most popular can be exchanged directly for legal tender. So buy USDT tokens for paysafecard, skrill, PayPal or in cash.
Buy Tether with Bitcoin or Ethereum
If you are using a shopping platform that does not allow you to buy Tether directly with real money, then you will need to get another digital currency to complete this task.
Typically, Bitcoin and Ethereum are two cryptoassets that have a variety of trading pairs. Hence, these are the most suitable cryptocurrencies to buy USDT. On all platforms that offer Tether to their users, it will be possible to buy USDT tokens for BTC or ETH.
Why store USDT in your wallet?
Once your USDT is in your pocket, you should put it somewhere safe. Really, if you leave them on the exchange site where you bought them, you put yourself at risk of being hacked into the platform… Even as exchanges are becoming more secure, you can easily avoid this risk. by securing your USDT tokens to a suitable storage wallet.
To learn how to secure your USDT tokens, we invite you to read our article on best Tether wallets (insert link). There are several different storage wallets presented, and you just have to choose the one that is most suitable for using the cryptocurrency.
You may also want sell your Tether… The reason to apply is as follows: similar to what is required for a purchase transaction…
If you are on a trading platform that connects the crypto / fiat world, USDTthen it will be easy convert this digital asset to legal tender currency… After that, all you have to do is withdraw the amount from your personal accounts.
If you are on the exchange, does not allow you to sell your USDT for euros or dollars, in this case you will need to think about convert your Tether to Bitcoin or Ethereum in advance… Then you can sell these BTC or these ETH for fiat money.
Reasons that may push you to sell USDT tokens
Tether has been talked about a lot since its inception and very often not at its best… As a result, many people wanted to sell their USDT tokens at some point. But the fact of wanting to sell your Tether can be connected with other reasons.
Here are a few times when it is worth selling your USDT:
· When the cryptocurrency market is at a standstill… In this case, it is better to invest in those cryptocurrencies that seem to be the most profitable. more profitable or, otherwise, on Ethereum Where Bitcoin… By keeping your assets in USDT, they will not change because of their parity with the dollar, and you miss a lot of profits ;
· If you notice bad news about the project… It is rumored regularly that Tether doesn’t have enough real-money peers to warrant its value. or The US government is investigating the company… Until now, it has always been about false rumors, unfounded… However, it is possible that one day this will actually happen. You will then need to sell your USDT as soon as possible in order to avoid price collapse ;
· You think another stablecoin is more interesting… Tether is not the only stablecoin on the market. Others have already appeared and will appear more. Among them, your attention may be paid to a specific stablecoin, which, in your opinion, is More reliable… In this case, do not hesitate sell your Tether (partially or completely) invest in this other stablecoin ;
It is also possible that you wanted to use a stablecoin, which this time is based on your country’s legal tender currency (euro, pound, etc.), not the US dollar.
Cryptocurrency tax is quite a difficult subject to considerbecause the rules change from one country to another. If you would like more information on this subject please see our article on legal aspect of cryptoassets…
However, if we turn to the case FranceCapital gains tax is levied only from the moment crypto assets are converted to fiat currency. In the case of Tether, which nevertheless has parity with the dollar, you do not need to pay tax on it. The taxes that you will have to pay to the French government are only due from the moment you convert your USDT into dollars or euros.…
Conclusion on buying and selling Tether tokens
As you may have noticed, buying and selling Tether tokens is not all that difficult. However, the procedure can become a little more complicated if it is not possible to receive USDT directly on the buying platform.
In case an exchange allows you to directly purchase Tether with legal tender, simply select the deposit method of your choice and indicate the amount of USD you want to purchase. If, luckily, it is not possible to buy USDT directly, then you will first need to buy another digital asset and then exchange it for Tether.
When you want to sell your Tether tokens, the logic remains the same. Either you can sell them directly for fiat money, or you have to go through a digital asset that will link the two transactions. In addition, due to the constant value of USDT, which will always cost $ 1, you may choose to keep these tokens rather than sell them if your goal is to keep investing in digital currencies.
If you need more information on USDT, we invite you to check out our Tether guides. You can find several articles related to this famous stablecoin that touch on a specific topic each time.