Summary: In France, acquiring Tether entails utilizing a regulated cryptocurrency platform that accommodates Euro transactions for enhanced security. French investors can seamlessly exchange EUR for USDT and similar stablecoins via bank transfers and credit cards, focusing on platforms with stringent regulations for maximum safety.
For French clients, Bybit stands out as the preferred platform. This exchange facilitates rapid and free EUR deposits using diverse payment methods. It grants access to Tether and over 1000 other digital assets for trading in various markets such as spot, futures, and options. In addition to trading, Bybit offers services like staking, lending, and borrowing, widening the financial engagement possibilities.
- Instant Euros (EUR) deposits from any French bank, debit card, credit card or other method.
- Buy Tether (USDT) and 1000+ cryptocurrencies for low fees via spot and futures trading.
- Regulated and trusted exchange in Europe with over 23 million users.
Can I Buy Tether in France?
If you're residing in France, you have the legal ability to buy Tether and cryptocurrencies using your bank account or credit card. To do this, you must use authorized French cryptocurrency exchanges, which are regulated by the Autorité des marchés financiers (AMF) and equivalent European authorities. These rules provide a structured path for effortlessly converting Euros from your French bank accounts or linked credit cards into USDT.
How to Buy USDT in France
Purchasing USDT in France is uncomplicated through platforms like Bybit, offering French investors an efficient pathway to enter the market. The platform ensures swift and economical Euro contributions via bank transfer, SEPA, debit cards, credit cards, among other methods. Following the deposit, these funds can be converted into Tether or other stablecoins with minimal fees.
Begin trading a wide range of cryptocurrencies, including USDT by following this guide:
- Create Account: Start by setting up your Bybit account and completing the verification steps.
- Choose Payment Option: Navigate to the 'Buy Crypto' section in the menu.
- Deposit Funds: Select EUR and USDT, then choose your preferred deposit method.
- Purchase Crypto: Click 'Buy' and select a payment option to complete your purchase.
Is Tether (USDT) Legal in France?
Yes, Tether is legal in France, although the regulatory landscape is still in a state of flux. Tether Limited, the entity behind USDT, claims that each token is backed by one US dollar in reserves. French regulatory agencies such as the Autorité des marchés financiers (AMF) has not officially classified Tether as a currency, security, or commodity yet. Due to the evolving regulations around cryptocurrencies in France, the legal stance on Tether could vary based on regional interpretations.
EUR to USDT Fees
Bybit offers a compelling fee structure for French investors purchasing USDT, charging a nominal 0.1% transaction fee for both buying and selling on the platform. This competitive rate makes it a preferred choice among France's cryptocurrency community. Bybit simplifies the investment journey by accepting Euro deposits through bank transfers and credit/debit cards without additional fees.
Final Thoughts
In summary, purchasing Tether (USDT) in France is legal and can be done with ease, provided you choose a regulated platform. Bybit stands out as a reliable option, complying with European regulations and offering competitive fees. The exchange can be used entirely in French and provides live customer support in the languag. Besides trading, users can also stake their USDT and other tokens on Bybit and earn yields up to 120% APY.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
