🔥 Buy Tether Instructions | Paypal, Credit Card & SEPA

Tether (USDT) is an unregulated cryptocurrency with tokens. It is issued by Tether Limited. The peculiarity of this cryptocurrency? It is a so-called stablecoin, which is traded 1 to 1 against the US dollar.

Tether (USDT) price development

It is the stability of the cryptocurrency Tether that is the reason why it is often used to hedge against possible market fluctuations in the crypto market. Due to the fact that each token of the cryptocurrency is linked to a US dollar, the financial investments in the form of tether are protected from fluctuations in the crypto market. Tether is therefore hardly recommended for speculators, but can primarily be recommended to security-oriented investors who want to act as a safeguard. Even if this will be discussed later, it should be mentioned that not the entire Tether portfolio is covered by US dollars - other assets are also used for coverage.

Buying Tether from Germany, Austria & Switzerland Instructions:

If you want to buy Tether and you are at home in Germany, Switzerland or Austria, that is no problem at all. The acquisition of this stablecoin will not pose any problems even for beginners. The only important thing is that you have an account with a crypto exchange that Tether offers. With eToro it is possible to buy coins of various crypto currencies cheaply and quickly. Only registration or account opening is required in advance.

Step 1: Register with eToro

eToro logo


Since there is a direct link between Tether and the US dollar, euro or yen and the calculation is based on the Ethereum or Bitcoin blockchain, it is possible to access Tether via large digital currencies without much effort. It is therefore advisable to choose the broker or the crypto exchange eToro, as you can work with a well-known provider. Ultimately, the various test and experience reports convince that eToro is one of the best known and best providers on the market.

Registration takes only a few minutes. eToro requires personal data (first and last name), a password and an e-mail address from its new customers. The account is then opened.

Create and register eToro account

Step 2: Deposit with PayPal, credit card or instant transfer

Various deposit options are available to fund your account. PayPal are particularly popular, but also PayPal instant transfer. Other deposit methods include

  • the bank transfer
  • Neteller
  • Giropay
  • as well as Skrill

The money is available in the eToro account immediately or after a few working days, depending on the selected deposit method.

Step 3: Buy and Sell Tether (USDT)

Before investing, it is important to make clear in advance at what price you want to buy or sell again. It is important that you follow a plan here so as not to act without a goal. However, due to the fact that tether is a stablecoin, i.e. is primarily used for hedging and hardly any movements take place here, it must be questioned whether it is advisable to invest in tether in order to create wealth in the long term.

Tether (USDT) buy deposit methods

Various deposit methods can be used via eToro. That is also the reason why the users of the eToro platform will certainly find the right deposit model for them.

Tether (USDT) buy PayPal

Deposit eToro money via PayPal

If you have enough credit on your PayPal account, this can then be transferred directly to the eToro account. In this case, the transfer only takes a few moments. If you don't have any credit on your PayPal account, you need to top up it in advance - topping up your PayPal account also only takes a few moments.

Buy Tether (USDT) Sofortüberweisung

Deposit eToro money via instant transfer

On the other hand, if you are a fan of Sofortüberweisung, you can choose this method. In this case, the user simply has to enter their IBAN and Swift / BIC. Even with the instant transfer, the money is available a few moments later on the eToro account.

Tether (USDT) buy credit card

Deposit eToro money by credit or debit card

However, if you have a credit card - MasterCard or VISA - you can top up the eToro account this way. In this case, the name of the person on whom the credit card is issued, the number of the card, the expiry date and the security code on the back of the card must be given.

Buy Tether (USDT) with Paysafecard

At this point it should be mentioned that it is not possible to top up with a Paysafecard.

How to buy and sell tether

Acquiring crypto currencies without registration, without verification - i.e. anonymously - is very possible. However, it should be noted that you have to register with eToro in order to be able to use the services. Verification, however, is not mandatory.

Buy Tether without registering

In order to be able to buy coins from Tether without registering, you can opt for the peer-to-peer method. This means that a private person has to be found who will then offer coins of the cryptocurrency. Purchasing via eToro is not possible without registering.

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Start on eToro, the test winner crypto broker from Bitcoin-News.one

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Buy Tether anonymously

An anonymous purchase of coins is possible. This means that it is not absolutely necessary to provide your private details in order to be able to exchange your money for Tether.

Buy Tether without verification

Depending on the platform, there are different requirements for verification. It should be noted that this is only an identity verification.

Where to buy Tether (USDT) the cheapest: Crypto exchange fees comparison

Crypto exchanges, which score with low fees, are particularly interesting. At this point, the providers eToro, Plus500 and Libertex should be emphasized. You can save a lot of money here.

eToro Plus500 Libertex
Deposit fee - - -
Withdrawal fee $ 5 1,9 % -
Purchase fee 1,9 % 3,08 % 0,41 %
Holding fee - 0,05 % -

Buy Tether or not: Is it worth buying Tether

Due to the fact that it is a stablecoin that has no significant volatility, it is questionable whether it is actually worth investing money in the tether. 

Other special features when buying Tether (USDT)

Originally launched as Realcoin on July 9, 2014, the cryptocurrency created by Brock Pierce, Craig Sellars, and Reeve Collins became Tether. With the Mastercoin protocol, the aim was to secure every coin with a US dollar. The conversion to Tether took place in November 2014. For the team behind the Realcoin created at the time, it was important to create a clear distinction to Bitcoin - they wanted to prevent the cryptocurrency from becoming an alternative to Bitcoin.

While Tether was still in beta, a partnership with the Bitfinex trading platform was entered into. There were also partnerships with the startups ZenBox, GoCoin and Expresscoin.

At the end of 2017, the message was published that strangers had succeeded in stealing around 31 million US dollars from the main wallet of Tether Limited. The amount was transferred to a Bitcoin wallet with the address 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r transferred. Trading was temporarily suspended for security reasons. This was followed by the revision of the Omni Core software.

The fact that the crypto currency is only issued by one company is criticized at Tether. That means, behind the crypto currency is the Tether Limited - and the procedure of this company should, according to the experts, not be transparent enough to be able to play on the same level as Bitcoin and Co. In addition, there have been repeated reports in the past that Tether is not covered 1 to 1 by the US dollar. At the beginning of 2019, Tether Limited admitted that there would not be a US dollar behind every coin. Other assets would also be used - such as other digital currencies.

Buy Tether Miner

At this point, it should be pointed out that mining Tether is not possible.

Buy tether stock

There are no tether stocks. Ultimately, investments can be made in public companies that work with Tether Limited.

Buying tether Conclusion: This is the best way to buy tether

The stablecoin can in no way be compared with other cryptocurrencies - such as bitcoin or ether. Investing with the intention of building wealth must therefore be questioned. Tether serves primarily as a hedge and not as an object of speculation.

Do you want to trade cryptocurrencies with the best conditions?
eToro logo

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Rebecca Tilden

There is no doubt that cryptocurrencies and the technology behind them are our future. Rebecca Tilden strives to make the transition easier for everyone by providing useful information to be part of the revolution.

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