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Buy USDT with Credit Card

Buy USDT with Credit Card

Adrian Graham
Fact Checked
Jan 12, 2023

Summary: The best way to buy Tether (USDT) with a credit card is through a licensed and regulated crypto exchange in your jurisdiction. With this method, you can deposit fiat currencies like USD or EUR via credit card to safely buy USDT and other crypto assets, or stablecoins.

Our top pick for credit card purchases of USDT in over 120 countries is Uphold. Their platform offers fast and cheap card deposits in over 30 different currencies to buy USDT and 200+ cryptocurrencies with zero fees. The exchange is licensed around the world by the FCA, CySEC, FinCEN and other top regulators in the US, Europe, UK and other jurisdictions.

Table of Contents

Best Exchange to Buy Tether (USDT) with Credit Card

Platform Highlights

  • Buy Tether (USDT) with fast and cheap Credit Card deposits in 120+ countries.
  • Offers over 200+ cryptocurrencies and 14 other stablecoins to buy, sell, hold and stake with high interest.
  • Globally regulated & licensed and has audited Proof-of-Reserves for customer funds.
Uphold - USDT Credit Card
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Audited Proof of Reserves
Audited Proof of Reserves

Is buying USDT with a Credit Card legal?

It is generally legal to buy USDT with a credit card. USDT, or Tether, is a cryptocurrency that is designed to be pegged to the value of a specific currency, such as the US dollar. It is meant to provide a stable, digital alternative to traditional fiat currencies and can be used to buy goods and services online, as well as to store value.

However, it is important to note that the legal status of cryptocurrency can vary depending on where you are located. Some countries may have specific regulations or restrictions on the use of cryptocurrency, including the purchase of USDT with a credit card. It is always a good idea to familiarize yourself with the local laws and regulations regarding cryptocurrency before making any purchases.

How to buy USDT with a Credit Card

Buying USDT with a credit card is easy and convenient. All you need to do is find an exchange that allows credit card deposits, such as Uphold, sign up for the platform, verify your identity, and deposit funds using your credit card.

Here is a step-by-step guide to buying USDT with a credit card:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
  3. Deposit Funds: Connect any VISA or Mastercard Credit Card to deposit funds.
  4. Buy USDT: Find USDT on Uphold and input your amount to invest, then execute your order!
Buy USDT with Credit Card
Buying USDT with a Credit Card.

What are the fees?

The fees associated with buying USDT with a credit card depend on the exchange you use. Generally, the cost of using a service like Uphold is very low, as there are no trading fees and minimal deposit fees (1.49%). This is significantly cheaper than alternatives like Coinbase or eToro who charge up to 2.99% for card deposits.

Can I buy TRC-20 USDT with a Credit Card?

Yes. You can buy TRC-20 USDT (Tron USDT) with a credit card through the Binance platform.  Binance is one of the largest and most popular cryptocurrency exchanges in the world. The platform allows users to buy TRC-20 USDT and withdraw it to a Tron-native wallet. That said, their credit card fees are significantly higher than alternatives like Uphold.

If you want to convert your USDT purchase from Uphold to TRC-20 USDT, you can withdraw it to an Ethereum wallet then bridge from ETH to Tron.  This process takes a few steps and will incur network fees, but it is possible.

Is USDT Safe?

According to Tether's website, USDT is backed by reserves of traditional fiat currencies, including the US dollar, which are held in Tether's reserve account. However, there has been some controversy surrounding Tether and whether or not it is actually backed by sufficient reserves.

In 2019, Tether's parent company, Tether Limited, was subpoenaed by the US Commodity Futures Trading Commission (CFTC) as part of an investigation into whether Tether's reserves were sufficient to back the USDT in circulation. The investigation has not yet been concluded, and the CFTC has not released any official findings.

Tether USDT Transparency Report

As a result, it is important for users of USDT to be aware of the potential risks associated with holding and using the cryptocurrency. While Tether has stated that USDT is backed by reserves of traditional fiat currencies, it is ultimately up to individual users to decide whether they believe this claim and whether they are comfortable holding and using USDT.

Final Thoughts

Buying USDT with a credit card is an easy, convenient and secure way to purchase the stablecoin. Our top pick for buying USDT with a credit card is Uphold, as they offer fast, cheap deposits in many currencies and are regulated by some of the world’s top financial authorities.  That said, you should always do your own research before investing in any cryptocurrency and be sure to check your local laws and regulations regarding the use of cryptocurrencies.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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