How to Buy Tether (USDT) in the UK

Tether (USDT) is the most popular stablecoin in the world. It serves as a decentralized middleman between crypto and USD for trading multiple coins on exchanges.

Many people want to buy USDT in the UK due to its stable nature and lack of volatility. Therefore, unlike BTC and other cryptocurrencies, you will not lose or gain unexpectedly. 

USDT is the largest stablecoin by popularity and market cap. With this, you can easily buy it on any cryptocurrency exchange. However, there are still questions on where and how to buy Tether (USDT) in the UK.

Quick Guide: Buying USDT in the UK on Binance

  • Go to Binance.com and create an account.
  • Complete your profile by verifying your email and KYC information. Verifying your KYC is especially useful for fiat transactions.
  • Fund your account with your credit card or wire bank transfer.
  • Once the payment has been confirmed, go to the Trading page, select USDT and enter the preferred amount.
  • Confirm transaction.

List of Exchanges to Buy Tether (USDT)

Binance

buy USDT in the UK - binance

Trade USDT with cryptocurrency

  • Register for a new account or log in to an existing one.
  • Navigate to FUNDS > Deposits to fund your account with USDT trading pairs like BTC or ETH.
  • Obtain the deposit address and complete the transaction.
  • Place your order by selecting the appropriate USDT pair. Go to Markets > USDT Market. Select the proper pair and input the desired amount.
  • Execute the transaction by clicking on BUY USDT.

Buy USDT with a credit card

  • Create a new account on Binance. Alternatively, you can log in if you already have an account.
  • Verify your identity and complete the KYC verification.
  • Once you’ve set up your account, proceed to Buy Crypto and choose Debit/Credit Card as a payment method.
  • Select USDT and input the preferred amount.
  • Enter your card details and confirm them.
  • Also, ensure you complete 3DS Safety Certification and finally complete the payment. 

Buy USDT with a bank transfer

  • Create and verify a Binance account.
  • Deposit GBP via SEPA Wire Transfer or Faster Payments.
  • Exchange GBP with USDT by executing a Buy order.

CEX.IO

CEX.IO is another reputable alternative to Binance. Here, you can buy USDT with GBP directly.

Buy USDT with a credit card or a bank transfer.

  • To buy BNB with CEX.io.
  • Register a new account on CEX.io 
  • Verify email and KYC information.
  • Deposit the preferred fiat currency. In this case, GBP. You can deposit with its deposit options via Debit card or Bank Transfer.
  • Go to the BUY/SELL section and choose USDT to exchange GBP for USDT. Enter the preferred amount and click BUY.

Kraken

Buy USDT in the UK with Kraken

  • Go to Kraken.com and sign up for a new account. 
  • Ensure you complete your information by providing your date of birth, country of residence, and phone number.
  • Verify KYC and identity information.
  • After setting up the account, deposit fiat currency, preferably GBP.
  • Search for USDT and execute a BUY order.

What is Tether (USDT)?

Tether (USDT) is a decentralized currency whose values are backed and pegged to the US Dollar. It is a perfect mix of fiat currency and blockchain technology. This means that Tether is a stable coin powered by the value of traditional fiat currency. In this case, the US dollar.

Stablecoins like Tether aim to stabilize the value of cryptocurrency, hence the name. In contrast to regular cryptocurrency, USDT does not experience wild price swings or volatility.

They are designed to blend fiat currencies and cryptocurrency to offer transparency and more price stability. Meanwhile, Tether maintains a 1:1 value with its underlying fiat currency.

How Does Tether Work?

Tether (USDT) was launched through the Omni Layer Protocol, a layer for trading Bitcoin-based assets, in April 2014. It was issued on the Bitcoin blockchain but was later rebranded as Tether from Realcoin in November 2014. 

The Omni Layer Protocol enables the minting and burning of USDT. It also holds info about circulating supply. Apart from Omni Layer, Tether tokens are also available on Liquid.

Tether (USDT) is available as a tradable asset on several blockchains, including ETH, Tron (TRX), and EOSIO (EOS). This enables the availability of Tether stablecoins in their native blockchain network.

How to Store Tether (USDT)

Tether is a stable coin that doesn’t change in price. Its primary use is to provide quick transaction means because it pairs with most cryptocurrencies on all exchanges. Therefore, there may be no need to store it away from your exchange platform since you may need to buy other coins.

This means you can temporarily save USDT on exchange-based hot wallets, including Binance, OKEx, Kraken, Poloniex, and others. You can also use semi-hot storage wallets like Holy Transaction and Omni wallet.

However, for long-term storage, especially if you need to be safe, you will need highly secured cold wallets like Ledger Nano S.

Summary

As you can see from the guide, it is effortless and simple to buy USDT in the UK. You can choose from many options like fiat deposits or using other cryptocurrencies to buy Tether. Just select a reputable exchange, and you’re good to go!

Team

Our UK-based team writes articles to help beginners understand the world of cryptocurrency. We are firm believers that Blockchain technology has great application in our future.

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