Best Money Transfer Send Money Worldwide
Tether is considered a stable coin, which means that its value should be equal to one US dollar. The company behind this coin is called Bitfinex, and they are based in Hong Kong. They have been around since 2014 but only started trading on exchanges like Binance last year. This has made them very popular as people can buy their coins with fiat currency or cryptocurrencies such as Bitcoin and Ethereum.
Tether is traded against USD, so if you want to purchase some of these tokens, you will need to convert your money into dollars first. Once you have purchased some bitcoins or ethers, you can exchange those for tethers using an online wallet service. There are various types of wallets available, including desktop, mobile apps and hardware devices.
How can I buy Tether
You can use any major digital currency exchange website to trade cryptocurrencies for other currencies. For example, Coinbase allows users to deposit funds to Tether from credit cards and bank accounts. You can also fund your account by purchasing Bitcoins directly through Coinbase’s platform.
If you choose to do this, then you will not receive any interest rate when depositing cash. However, there is a possibility that there may be fees associated with doing this, depending on how much you deposit.
PayPal
Tether uses Paypal to process transactions. It does take longer than most methods because all payments must go via Paypal before being sent to Bitfinex. But once the transaction goes live, then it takes about 5 minutes to complete. So if you’re looking to make large purchases, then this method might work best for you. When using Tether, you don’t get charged any fees at all. All charges come out of the amount you spend.
Buying Tether with credit card
Tether accepts Visa and Mastercard credit cards. When making a payment, you’ll see “Bitfinex” listed under the merchant name. This is where you pay the fee. After paying the fee, you’ll be able to send the rest of the money to Bitfinex. When using a credit card, you won’t get charged any fees. Instead, you’ll just pay the standard 3% charge for processing credit cards.
This is good news for anyone who doesn’t wish to deal with bitcoin/cryptocurrency exchanges. Credit card companies usually offer better rates than banks. And unlike banks, they aren’t going to ask questions about what you plan to spend the money on.
Bank Transfer
Tether also offers direct transfers between your bank account and theirs. To initiate a transfer, you simply log onto your bank’s site and follow the instructions. Once again, no fees apply here. Just remember to keep track of the time difference between your country and Hong Kong. Some countries operate 24 hours while others run on Eastern Standard Time.
If you’d prefer to avoid dealing with banks, then this option could be ideal for you. When it comes to a bank transfer, you’ll find that the minimum order size is $100. That said, larger orders tend to incur higher costs. So in case planning on spending more than $1000, then this isn’t really suitable for you.
Where to buy Tether
There are two main places to buy Tether:
- Localbitcoins.com
Localbitcoins has been around since 2011. The service works as an online auction house. Sellers list their items up for sale, and buyers bid on them. Once the seller receives enough bids, he or she releases the item to the buyer. There are some risks involved, though, as sellers have reported receiving fake identities. Also, people selling things on LocalBitcoins often require personal information such as phone numbers and addresses. - Paxful.com
Paxful was launched back in 2014. They’ve grown quickly over the years and now boast over 1 million users worldwide. Like other peer-to-peer platforms, Paxful allows its members to sell Tether directly to each other without having to use middlemen. However, there are still risks associated with p2p trading. For example, scammers may try to steal from you by pretending to be someone else. You should always do research when purchasing anything through these sites.
Conclusion
Tether is one of those cryptocurrencies which can be used for both days to day activities and long term investments. If you want to invest in something but don’t know how to start, Tether will help you learn everything you need to know. In addition, Tether is very easy to use, so even beginners can easily understand how to purchase it. With Tether, you can enjoy many benefits, including low cost, fast delivery, high liquidity, and secure storage.
