USD Tether (USDT) is a stablecoin issued by the Hong Kong-based company Tether. Stablecoins are digital assets that are pegged to real-world assets (i.e. fiat currency) and therefore do not fluctuate in value. USDT is pegged to the US dollar at a 1:1 ratio, meaning that the value of USDT is equal to the value of the USD and can always be exchanged for an equal amount of USD. Every USDT coin is fully backed by the Tether reserves, which include both traditional currency and cash equivalents. Tether reserves also occasionally including other assets and receivables from loans made by Tether to third parties.
The value of the Tether reserves is published daily, and Tether claims that the value of the Tether reserves “matches or exceeds the value of all USDT in circulation.” One of the oldest stablecoins in existence, USDT is by far the most widely integrated digital-to-fiat cryptocurrency. Tether (USDT) currently sits in the top 5 biggest cryptocurrencies by market cap. To Buy USD Tether in New Zealand, create your free trading account with Swyftx.
To buy USD Tether, create a free trading account with Swyftx. Swyftx is a cryptocurrency exchange allowing users to trade hundreds of different digital assets including Bitcoin, Ethereum and USD Tether. To sign up, you’ll need to provide a few personal details like your name, email address and phone number as well as creating a secure password.
Next, is the ID verification step. This typically takes most people 3 minutes or less to complete. You’ll need to submit a form of government-issued photo identification in order to verify your account. Once verified, you can deposit funds into your account via bank transfer. Once you have successfully deposited funds into your account you can buy USD Tether and other cryptocurrencies listed on the Swyftx crypto exchange.
USD Tether was designed as a digital USD equivalent that could be used on the blockchain. It was conceived to give financial businesses and companies an alternative to the traditional exchanging of fiat currency (i.e. NZD). This allows companies to exchange funds faster and avoid the process of converting in and out of different fiat currencies through the banking network. It also bypasses any volatility within the crypto market because it is pegged to the US dollar. You may be able to spend your Tether on goods and services with vendors or retailers who accept it. To buy and sell USD Tether, create your Swyftx trading account and deposit NZD today.
The best place to buy USD Tether is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell USD Tether (USDT). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of USDT is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy USD Tether with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy USDT instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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