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Buy USDT in India

Buy USDT in India

Adrian Graham
Fact Checked
Jan 21, 2023

Summary: The best way to buy Tether (USDT) in India is through a licensed and regulated cryptocurrency exchange. With this method, investors can deposit Indian Rupee (INR) via Bank Transfer, Debit Card or Credit Card to safely buy USDT, other stablecoins and a wide range of crypto assets.

Our top pick for investors in India is OKX. Their platform offers instant and cheap INR deposits to buy USDT and 300 other cryptocurrencies with low fees. OKX is a regulated exchange and is trusted by over 10 million users in India and around the world.

Table of Contents

Best Exchange to Buy USDT in India

Platform Highlights

  • Instant and cheap Indian Rupee (INR) deposits to buy Tether (USDT) in India.
  • Trade & stake over 300 Cryptos with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
OKX - India USDT
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Tether (USDT) in India

As mentioned above, the safest and easiest way to buy Tether (USDT) in India is with the OKX exchange. Their platform offers instant and cheap INR deposits from all Indian Banks via UPI Transfer or standard bank transfer to buy USDT. OKX also offers Tether staking for investors to earn up to 10% APY on their platform.

You can get started in 4 simple steps:

  1. Sign Up: Create an account on OKX and complete your verification.
  2. Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
  3. Deposit Funds: Select INR and USDT and input the amount you want to deposit.
  4. Buy Crypto: Click 'Buy USDT' and select your payment method. We recommend using 'BuyUCoin' to facilitate a UPI Bank Transfer to deposit INR onto OKX.
Buy USDT in India
Buy USDT in India with OKX.

What are the Fees to Buy Tether?

The fees to buy Tether (USDT) on OKX depend on the payment method used. UPI Bank Transfers are free, while debit card and credit card deposits may incur a fee of 1% to 3%. Fees for buying USDT and other cryptocurrencies from OKX start at 0.1%.

Is Tether (USDT) Legal in India?

The legal status of stablecoins like Tether (USDT) in India is uncertain. The Reserve Bank of India (RBI) issued a circular in 2018 prohibiting regulated entities from providing services to individuals or businesses dealing in cryptocurrencies, including stablecoins. This ban was later overturned by the Supreme Court of India in 2020, but the government is currently in the process of drafting new regulations for the cryptocurrency industry. Until those regulations are in place, the legal status of stablecoins in India remains uncertain.

Final Thoughts

The best way to buy Tether (USDT) in India is through a regulated cryptocurrency exchange like OKX. Investors can deposit Indian Rupee (INR) via Bank Transfer, Debit Card or Credit Card to quickly and securely purchase USDT and other crypto assets with low fees. Before investing, it's important to research the legal status of stablecoins in your country and be aware of any potential risks.

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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