Stablecoins do not serve the same purpose as most cryptocurrencies. Stablecoins are designed as a safe asset, and can facilitate quick and cheap payments or money transfers on a global scale (remittances). They provide a fast way to transfer deposits or withdrawals between fiat currencies to cryptocurrency exchanges.<\/p>\n
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However, USDT\u2019s parent company Tether has faced controversies (more on this later). Learn all about crypto swaps and NFTs, and discover what\u2019s trending in the budding world of Web3. Stablecoins are part of a larger story about global demand for the U.S. dollar, particularly outside of U.S. borders.<\/p>\n
You can pay with a credit\/debit card, Apple Pay, Google Pay, or PayPal. We also support local options such as SEPA , UK Faster Payments, Pix in Brazil, as well as Venmo and bank transfers in the US. Some exchanges, including OKX, don’t charge a fee to transfer USDT. However, a network fee will apply depending on the network you choose. These are fees paid to the blockchain network, and they also apply when you transfer USDT from one wallet to another, or from a wallet to an exchange. However, the process of buying USDT can be confusing for beginners.<\/p>\n
For example, if you invest $20 in USDT, you will receive $20 worth of USDT, minus fees, of course. As a result, stablecoins like Tether (which is pegged to USD) do not serve the same purpose as most cryptocurrencies. Unlike most cryptocurrencies, which are speculative assets, stablecoins are designed to have low volatility and a stable value. Strictly avoid moving to third-party messaging apps.\u27a4 If anything seems suspicious, contact Bitget support before confirming the transaction. The Build Back Better Act mandates that all centralized cryptocurrency exchanges will be required to issue Form 1099-DA to users starting in 2026.<\/p>\n
David has been deeply involved with the cryptocurrency industry since 2017. Next, you\u2019ll be prompted to enter the amount you\u2019d like to purchase. Once you know which blockchain you prefer for USDT, you can choose directly in the MoonPay widget. We support Tether on many blockchains like Ethereum, Solana, Binance Smart Chain, Polygon, Tron, and more. How much USDT you can buy will depend on your account limit, with higher purchases requiring increasing\/different KYC levels. There is a growing number of charities that accept donations in USDT (Tether) and other cryptocurrency.<\/p>\n
You can now either Withdraw your USDT to another exchange or wallet or use the Exchange option to exchange your USDT for another asset. With USDT playing a role in many facets of crypto trading, it\u2019s wise to understand how you can buy, swap, and transfer the stablecoin. For a deeper understanding of USDT and the company behind it, Tether, click here to read our explainer article.<\/p>\n
MoonPay works with leading non-custodial Tether wallets like Ledger and Trust Wallet. MoonPay will set up a wallet automatically for you at checkout if it’s your first purchase for USDT (ERC-20), USDT (SOL), USDT (TRC-20) or USDT (BSC). And if you\u2019re coming to MoonPay through your existing wallet, we\u2019ll pre-fill your wallet address automatically.<\/p>\n
After tapping buy, you\u2019ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you\u2019ll have the option to choose between daily, weekly, twice monthly, or monthly purchases. Stablecoins like USDT can be held as an alternative to the cryptocurrency market\u2019s volatility, since the stablecoin issuer will attempt to keep the price constant. USDT can also be used as collateral for lending and borrowing, in yield farming and liquidity pools, and other DeFi applications. No matter the amount, you can buy Tether via a one-time purchase, or through a recurring buy order. Recurring crypto purchases allow you to gain USDT price exposure over time, helping to limit the risk of volatility through dollar-cost averaging principles.<\/p>\n