Buy Tether USD (USDT)

$0.00

0.00%

AUD

USDT

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Tether USD?

Tether USD (USDT) is a stablecoin issued by a Hong Kong-based company, Tether. Stablecoins are a type of cryptocurrency designed to be pegged to real-world currencies. Tether USD shadows the US dollar, meaning it will maintain a 1:1 ratio at all times. Tether does this by having a large reserve of assets, including cash and cash equivalents, corporate bonds, secured loans, and other investments. Committed to transparency, Tether undergoes regular assurance opinions every quarter and provides a comprehensive breakdown of its reserves on its website.

Tether USD is the most widely integrated digital-to-fiat cryptocurrency, and one of the oldest stablecoins in existence. Tether USD was designed so the US Dollar could be used as a digital currency on the blockchain. Being resistant to price volatility, This cryptocurrency is widely used by crypto exchanges, wallet providers, and financial services as it gives these companies an alternative to the lengthy process involved in exchanging and depositing fiat currency. Although Tether USD has a smaller market cap compared to Bitcoin and Ethereum, it has the largest trading volume. Find out below how to buy Tether USD on the Swyftx trading platform.

How to buy Tether USD in Australia?

You can easily buy Tether USD on the Swyftx Australian crypto trading platform. Firstly, you’ll need to set up an account and complete your ID verification. Once your account has been set up, you can deposit AUD via bank transfer, PayID, POLi, or debit card. Once your deposit clears, you can then use this to buy USDT and other crypto assets. Simply enter the amount of Tether you’d like to buy or the AUD equivalent of Tether, and confirm your purchase. Once your funds have been cleared and you’ve been sent confirmation of your purchase, your Tether USD will be stored in the crypto wallet integrated with your account.

How is Tether USD unique?

The main factor that makes Tether USD unique is that its value is guaranteed to be pegged to the US dollar. Tether claims that it is able to do this by ensuring that USDT is fully backed by cash and cash equivalents. This means that whenever Tether issues USDT tokens, the same amount of US dollars are allocated to its reserves. Cryptocurrency markets and assets can often be very volatile and too unreliable to be exchanged and stored as value. USDT, being a stablecoin, mitigates this risk and is protected from these fluctuations. Therefore, a lot of businesses and establishments accept transactions made in USDT.

What you can do after you buy Tether USDT?

Hold USDT in your wallet

You can hold Tether USDT safely in your Swyftx wallet. This is a popular option for crypto investors who are looking to make a profit from their purchases.

Send USDT

Tether USD is a cryptocurrency pegged to the US dollar and is often accepted as a viable payment option by some establishments. After you buy Tether USD, you have the option to send USDT value around the world.

Trade USDT

The Swyftx crypto exchange allows you to trade USDT with ease. Supporting both a mobile and desktop trading platform, you can buy and sell USDT and other digital cryptocurrencies anytime, anywhere.

How does Tether USD maintain a 1:1 ratio with the US Dollar?

Tether USD maintains a 1:1 USD peg so that when people buy USDT they are essentially buying a digital equivalent of the US Dollar. Tether claims that every USDT token in circulation is fully backed by real fiat currency (USD) in its reserves. Some sceptics continue to question USDT’s reliability as a stablecoin, however, Tether continues to be transparent with how it has maintained a 1:1 ratio over all these years. You can view Tether’s current balances on its transparency page.

Frequently Asked Questions

What is the easiest way to buy USDT?

Buying USDT and other digital currencies may seem confusing and intimidating, especially if you’re a beginner. However, these days it’s actually very simple to buy crypto. A fast and easy way to buy Tether USD in Australia is to purchase it on a cryptocurrency exchange platform like Swyftx. Swyftx is a trading platform that allows you to buy, sell and trade USDT and hundreds of other digital assets. If you haven’t already done so, you’ll be required to sign up and complete ID verification. When this is done you’ll be able to purchase USDT in just a few minutes. If you have any questions or concerns you can contact our customer support team via live chat, who will aim to give you a response within 10 minutes.

Can I buy USDT with a debit card?

Swyftx supports deposits made with debit cards, which can then be used to buy Tether USD and other digital assets. To deposit funds, simply navigate to the AUD deposit page, and select how much you’d like to transfer into your Swyftx trading account. Debit card deposits are typically transacted instantly.

How long does it take to deposit money into my account?

If you are looking to purchase Tether USD, you’ll first need to deposit funds into your account via one of the following options: bank transfer, PayID, POLi or debit card. The time it takes for the funds to be successfully deposited into your account will depend on which payment option you choose. The list below compares how long each payment method usually takes. Keep in mind that these times may vary depending on who you bank.

  • OSKO/NPP bank transfers: Typically within a minute
  • POLi: Typically within a minute
  • PayID: Typically within a minute
  • Debit card: Typically within seconds. Can take up to 30 mins.

Why use Swyftx to Buy USD Tether?

How to buy
Tether USD (USDT)

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Buy, sell and trade Tether with low trading fees and minimal spreads on the Swyftx Crypto Exchange.

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