Summary: The best way to buy Tether (USDT) in Germany is through a licensed & regulated cryptocurrency exchange. With this method, investors can safely deposit Euros (EUR) from any German Bank or payment method to buy USDT and other stablecoins.
Our top pick for investors in Germany is OKX. Their platform offers instant and cheap Euro (EUR) deposits via SEPA Transfer, Debit Card, Credit Card and other methods to buy USDT with low fees. The exchange is one of the most trusted in the world and is regulated throughout Europe with over 9 million customers across the continent.
Best Exchange to Buy USDT in Germany
- Instant and cheap Euro (EUR) deposits to buy Tether (USDT) in Germany.
- Trade & stake over 300 Cryptos with low fees and tight spreads.
- Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
Can I Buy Tether USDT in Germany?
Yes, German banks facilitate their clients to move Euros (EUR) from their banking accounts to cryptocurrency exchanges that are regulated by the Federal Financial Supervisory Authority (BaFin) within Germany. However, these banks do not explicitly provide any services or products for the direct acquisition or sale of stablecoins like USDT via their online banking interface. Consequently, individuals interested in purchasing USDT must utilize a BaFin-regulated external exchange to engage in digital asset transactions using their German bank account
How to Buy USDT in Germany
The safest and easiest way to buy USDT and other stablecoins is through a European Securities and Markets Authority (ESMA) licensed exchange in Germany. We recommend OKX because they are regulated and offer instant EUR deposits from German Banks to buy, stake and trade USDT & over 300 other crypto assets.
You can get started in 4 simple steps with our guide:
- Sign Up: Create an account on OKX and complete your verification.
- Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
- Deposit Funds: Select EUR and USDT and input the amount you want to deposit.
- Buy Crypto: Click 'Buy USDT' and select your payment method. We recommend using 'Banxa' to facilitate a SEPA Bank Transfer to deposit Euros onto OKX.
What are the Fees to Buy USDT?
The fees to buy USDT on OKX are some of the lowest in Europe. For example, when depositing EUR through SEPA Bank Transfer, investors pay 0 fees. When buying USDT with your credit/debit card, the fee is 2.5%, depending on the payment method you select and whether it is your first time buying crypto.
Is USDT Legal in Germany?
Yes, it is legal to buy USDT in Germany as long as you do so through an ESMA licensed exchange. Since these exchanges are regulated by the government, they must comply with strict anti-money laundering regulations and know-your-customer (KYC) checks to ensure that their customers are legitimate.
Is USDT Safe?
The safety of USDT, or Tether, depends on a variety of factors, including the security of the platform on which it is held, the trustworthiness of the organization that issues it, and the overall stability of the crypto market. Tether is considered to be one of the more established stablecoins, and it is widely used as a means of storing value or as a substitute for fiat currency on cryptocurrency exchanges. The company behind Tether claims that each USDT token is backed by one US dollar held in reserve, which should ensure its stability in value.
However, It's important to keep in mind that the value of USDT is only as stable as the dollar and the company behind it. The issuing company Tether Limited has been the subject of ongoing controversy and regulatory scrutiny, so it's important to consider these factors when determining the safety of USDT for your own use.
To recap, while you can't directly buy Tether (USDT) through German banks, you can securely transfer Euros (EUR) to a regulated cryptocurrency exchange like OKX to purchase USDT. OKX offers an easy, secure, and cost-effective platform for Germans to invest in USDT, with quick deposits and low fees.
Remember, it's legal to buy USDT in Germany, provided you use a licensed exchange. As with any investment, due diligence is key to ensure the safety and legitimacy of your transactions. Always consider the stability of the digital asset and the reputation of the issuing company.
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.