How to buy Tether USDT in Poland
The safest and easiest way to buy Tether USDT in Poland is with a regulated exchange like Uphold. Their platform holds licenses from the Financial Conduct Authority (FCA) and CySEC to operate in Europe and provide regularly audited proof-of-reserves. The exchange offers fast PLN or EUR deposits to buy over 210+ cryptocurrencies including USDT with low fees.
You can follow this step-by-step guide to get started:
- 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 (PLN, EUR + 30 more).
- Deposit Funds: Connect your Polish Bank, European Bank or a Debit/Credit Card to deposit money.
- Buy USDT: Find USDT on Uphold and input your amount to invest, then execute your order!
Is USDT Legal in Poland?
In Poland, digital currencies, including stablecoins like USDT, are not considered legal tender and are not regulated by the central bank. However, the use of digital currencies, including stablecoins, is not prohibited in Poland. In fact, the Polish Financial Supervision Authority (PFSA) has issued guidance on the use of digital currencies and has stated that they may be used for the purchase and sale of goods and services, as well as for investment purposes.
It is important to note that the use of digital currencies, including stablecoins like USDT, carries inherent risks and may not be suitable for everyone. It is recommended to carefully consider these risks before using or investing in any digital currency.
What are the fees to consider?
There are two main fees to consider when buying stablecoins like USDT. The first is the deposit fees to get funds onto the platform and the other is the trading fee. Fortunately for investors, Uphold charges zero EUR or PLN deposit fees to buy and sell crypto assets on their platform.
When it comes to trading fees, they charge zero up-front fees and a small and variable spread that averages at around 0.5% per trade. This makes them significantly cheaper than alternatives like eToro or Coinbase who charge up to 2% per trade.
Is USDT safe in Poland?
In general, USDT should be safe to use as long as you are using it through a reputable and regulated exchange or wallet provider in Poland. However, it is important to be aware of the risks associated with any type of digital currency, including USDT. As with any financial decision, it is important to do your own research and due diligence before using USDT or any other digital currency.
There have been some concerns raised about the transparency and stability of USDT in the past, and it is important to be aware of these issues when considering whether to use USDT. For example, there have been questions about whether USDT has sufficient backing from traditional currencies or assets, and about the ability of Tether Limited, the company behind USDT, to meet the demands for redemption of the tokens. It is important to carefully consider these and other potential risks before using USDT.
The use of stablecoins like USDT is becoming increasingly popular in Poland, and there are now several reliable platforms where you can buy, sell, and store these digital assets. It is important to do your research and consider the risks carefully before investing in any crypto asset. Uphold has a great platform for investors in Poland who want to buy USDT, with low fees and a variety of deposit options.
It is also important to remember that digital currencies, including USDT, are highly volatile and can carry significant risks. As such, it is essential to ensure that you understand these risks and exercise caution when investing in any crypto asset. With the right research and understanding of the risks, it is possible to safely invest in USDT and other digital currencies.