How to Buy USDT in France
Buying Tether (USDT) in France is a simple process. As mentioned above, we recommend that French investors use a licensed and regulated exchange to securely deposit Euros (EUR) to buy USDT. Our top pick for stablecoins is Uphold because they offer 13 stablecoins including USDT as well as 200 other cryptocurrencies for zero trading fees.
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
- Deposit Funds: Connect your French Bank account or a Debit Card/Credit Card to quickly deposit your selected fiat currency.
- Buy USDT: Find USDT on the platform and input the amount of EUR and select 'Buy'.
Is Tether (USDT) Legal in France?
As a cryptocurrency, USDT is not regulated by any specific government or financial authority. However, it is legal to use USDT in France, as there are no specific laws or regulations prohibiting the use of cryptocurrencies in the country.
That being said, it is important to note that cryptocurrencies are not considered legal tender in France, and they are not recognized as a substitute for traditional fiat currencies. Transactions with cryptocurrencies, including USDT, are not covered by the same consumer protection laws as transactions with traditional fiat currencies.
What are the fees to buy USDT?
The main two fees investors need to consider when buying USDT in France are the exchange's trading fees and deposit/withdrawal fees. Most exchanges charge a small fee when users deposit or withdraw funds, while some offer free deposits or withdrawals.
Uphold does not have any deposit or withdrawal fees for EUR deposits and do not have any trading fees, making it the ideal choice for investors looking to buy USDT in France.
Is USDT safe?
The safety of USDT, or any other cryptocurrency, depends on a variety of factors, including the security measures in place to protect against hacking and fraud, the financial stability and integrity of the issuing organization, and the overall stability of the cryptocurrency market.
In the case of USDT, the issuing organization, Tether Limited, has taken steps to ensure the security and stability of the cryptocurrency. For example, Tether Limited holds reserves of US dollars that are intended to back the value of USDT, and the company has claimed that the value of its USDT tokens is fully collateralized by these reserves.
However, it is important to note that cryptocurrencies, including USDT, are highly volatile and can fluctuate significantly in value. There is also a risk that the issuing organization may not be able to meet its obligations to redeem USDT for US dollars, or that USDT may be subject to fraud or other security breaches.
Buying USDT in France is a simple process. We recommend using a licensed and regulated exchange like Uphold, which offers fast and inexpensive EUR deposits with zero trading fees.
It’s important to remember that cryptocurrencies are not considered legal tender in France, and transactions with them are not subject to the same consumer protection laws as traditional fiat currency transactions.