How to Buy USDT in USA
As outlined above, the safest and easiest way to purchase USDT stablecoins in the United States is through a centralized exchange. We recommend platforms that currently hold FinCEN licenses, which are required for regulated exchanges and brokerages.
Uphold is the most popular exchange for USDT in the USA and offers a safe and convenient way to buy, sell, trade and stake digital assets like Tether (USDT). Uphold's platform is compliant with US anti-money laundering policies, including the Know Your Customer Here is a step-by-step guide to buying USDT through Uphold:
- 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 (USD + 30 more).
- Deposit Funds: Connect your US 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 USD and select 'Buy'.
What are the Fees to Buy Tether (USDT)?
The fees to purchase Tether (USDT) will depend on the cryptocurrency platform you use. For example, Uphold charges zero fees for ACH Deposits and zero fees to buy USDT on the platform. The only fee they have is in the spread between the buying and selling prices, which averages at around 0.2% per trade.
This is significantly cheaper than alternative retail brokerages like Coinbase or Kraken who charge up to 2% per trade.
Is USDT Legal in the USA?
Tether (USDT) is legal in the United States, but its regulatory status is not entirely clear. Tether Limited, the company that issues USDT, claims that each USDT token is backed by one US dollar held in reserve. However, the U.S. Securities and Exchange Commission (SEC) has not formally classified Tether as a security, and its status as a commodity or currency is also unclear. Additionally, the use of Tether may be subject to regulations in certain states. It is important to consult with a financial advisor or attorney to determine the legal status of Tether in a specific location.
Is Tether (USDT) Safe?
Tether (USDT) is widely considered to be one of the safest and most secure digital assets available. This is because it is backed by US dollars held in reserve, and transactions with USDT are completed on a blockchain that is secured by robust cryptography.
However, it is important to note that Tether Limited, the company that issues USDT, has been the subject of some controversy and criticism. In 2019, the New York Attorney General's office conducted an investigation into Tether's reserves and found that Tether's reserves were not fully backed by US dollars.
Additionally, Tether Limited has been involved in multiple legal disputes, some of which are still ongoing, which raises questions about its overall stability and transparency.
Tether (USDT) is a popular digital asset that is backed by US dollars and can be used to move funds quickly and securely between exchanges. Buying USDT in the United States is relatively straightforward, but it is important to make sure you are using a licensed platform. Uphold is our top pick as they have competitive rates and are compliant with US laws.