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Buy USDT securely with card or instant bank transfer. Start with as little as $1.
Get up to 0.5% back
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USDTUSDT
$0.99992
Market Stats
- Market Rank
- 3
- Markey Cap
- $111.43B
- 24H Volume
- $67.72B
- 24H High
- $1.01
- All-Time High
- $1.32
- Circulating Supply
- 111,434,916,580
USDT (USDT) Price Performance
The current USDT price is $0.99992 as in the last 24 hours its value has fallen by 0.07%. USDT is a stablecoin designed to be pegged to the US dollar. USDT ranks number 3 in terms of market capitalization, representing 4.20% of the entire crypto market. USDT is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems. Stablecoins can be found in the most popular cryptocurrency pairs, making them the widely adopted medium of exchange in the world of digital assets.
What is USDT?
Tether (USDT) was launched in 2014 as a stablecoin aimed at providing a stable digital asset that mitigates the volatility typically associated with cryptocurrencies. While most cryptocurrencies, such as Bitcoin and Ethereum, experience significant price fluctuations, Tether has been designed to maintain a constant value, closely following the value of the US dollar (USD). That is why 1 USDT is worth $1. To ensure that, the company behind Tether, Tether Ltd., holds dollar reserves equal to the total supply of USDT in circulation. This backing by actual fiat currency allows Tether to maintain its peg to the USD, providing users with a stable digital asset that can be used for various purposes in the cryptocurrency ecosystem.
Tether's main function as a stablecoin is to provide a reliable store of value, especially during times when the cryptocurrency market experiences significant fluctuations. This stability offers an option for those looking to minimize their exposure to unpredictable price movements while still participating in the digital asset ecosystem.
Tether's ability to enable efficient global transactions is another important function it possesses. By providing a US dollar-equivalent digital asset that can be easily transferred across borders, USDT facilitates seamless and cost-effective cross-border transactions, demonstrating the transformative potential of stablecoins and blockchain technology in the financial sector.
As a stablecoin, USDT allows for seamless and efficient trading of diverse cryptocurrencies, offering a stable reference point against which they can be valued. USDT's extensive use as a trading pair on numerous cryptocurrency exchanges has led to its increased adoption in the digital asset market. Its popularity has driven trading volume, resulting in USDT becoming one of the most widely used stablecoins, which in turn ensures high liquidity in the market.
Why Nexo Is the Right Place toBuy USDT
Buy Instantly
Buy USDT with card or instant bank transfer and get up to 0.5% in crypto rewards back.
Start with Just $1
Start with as little as $1 and go up to $15,000 in just one purchase.
Get Excellent Prices
Get the most cost-efficient price across the top 10 crypto exchanges worldwide.
Stay Secure
Benefit from a top-tier insurance secured by Nexo’s trusted custodians.
How to Buy USDT
Once you open your Nexo account and verify your identity, then you have to:
1
Select Asset
Click on the “Buy” button on your Dashboard and select the desired asset.
Click on the “Buy” button on your Dashboard and select the desired asset.
2
Enter Amount
Select the amount you want to buy and choose your payment method.
Select the amount you want to buy and choose your payment method.
3
Complete the Purchase
Preview your transaction details, and confirm the purchase. It's that easy!
Preview your transaction details, and confirm the purchase. It's that easy!
Buy USDT
How to Buy USDT
Once you open your Nexo account and verify your identity, then you have to:
What Can You Do with YourUSDT?
FAQs
Find answers to all your questions about buying USDT on Nexo.
How to buy USDT instantly with card?
First, you have to verify your identity which only takes a couple of minutes. Once you pass verification, then:
From the Dashboard, tap on the “Add Funds” option and select the “Credit/Debit Card”.
Pick USDT and enter how much you would like to spend.
Enter your credit or debit card details.
Confirm your purchase and you’re done! Your funds will instantly appear in your Nexo account.
By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions. There is no limit as to how many cards you add to your account.
You can also choose to complete a purchase with Apple Pay or Google Pay.
How to buy USDT with a bank transfer?
You can top up USD, EUR, or GBP from your local bank via a secure bank transfer. EUR and GBP transfers are instant, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of USDT you want.
What’s the minimum amount of USDT you can buy?
Nexo allows you to buy as little as $1 worth of USDT. This stablecoin is pegged to the price of the US dollar and it’s possible to own less than one USDT. For example, 0.54 holdings of USDT, given that the peg remains stable, would be valued at $0.54 cents.
Users take many variables into consideration when deciding how much USDT to buy. Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of USDT’s utility.
As USDT is pegged to the US dollar, questions such as “When is the right time to buy USDT?” and “Is it too late to buy USDT?” should be answered by first acknowledging the fact that investors usually don’t expect the price of stablecoins to appreciate.
How to get up to 0.5% in crypto rewards on your USDT purchases?
To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get.
If you want to get the maximum reward rate of 0.5%, join the Platinum Loyalty tier by maintaining the ratio between NEXO Tokens against the rest of your portfolio at 10% or more.
Example
Let’s say you stay within Nexo’s Platinum Loyalty tier and you buy $5,000 worth of USDT via the Nexo Exchange. That means you’ll get $25 worth of USDT in instant cashback:
$5,000*0.5% = $25 in USDT
To find out the exact cashback rates for each tier, visit ourHelp Center.
Note:The total crypto rewards paid are limited up to $100,000 in exchange volume per month. That means you’ll get rewarded until your total monthly amount of swaps reaches $100,000. That limit resets back to $0 on the 1st day of each month.
Is buying USDT taxable?
Buying and owning stablecoins is not taxable. However, selling or exchanging USDT must be reported on your taxes, even if you had no gain or loss. You can avoid taxable events while doing more than simply HODLing your USDT with the Nexo Card. It allows you to spend on everyday purchases while using your crypto as security for repayment, instead of selling it.
How does Nexo protect my USDT?
The security of the assets in your Nexo Account is guaranteed by our industry-renowned custodians and the leading authorities in compliance and includes:
Insurance from our custody partners via Lloyd’s of London and Marsh & Arch.
The finest custody solutions in the blockchain space, provided by SOC 2 Type 2 certified Fireblocks, Ledger Vault, and other partners.
Military-grade 256-bit encryption and fraud monitoring mechanisms, guaranteeing the safety of your funds.
ISO/IEC 27001:2013 accredited information security management systems.
You can learn more about our security and insurance here.
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