If you’re looking to or thinking about buying the stablecoin Tether, you’ve come to the right place. Tether was launched in 2014 as RealCoin, and has since grown a sizable market cap of roughly $15,700,000,000. Oobit has created a secure and simple way to enter the market and buy Tether, and alongside that also offers military-grade storage to keep your USDT. In this guide we’re going to show you step by step how to buy Tether (USDT) on Oobit.
What Is Tether (USDT)?
This cryptocurrency is a stablecoin, which means that its value is always pegged to a fiat currency, in this case the US dollar. Designed to offer the same benefits as cryptocurrency but without the volatility, Tether (USDT) is a reliable and more secure option for users getting familiar with the industry. Known for making international payments and a safe haven when the crypto markets experience a dip, this stablecoin has been well received by the industry.
How To Buy Tether (USDT) On Oobit
Here is our step by step guide to acquire the cryptocurrency. First, you’ll need a registered account with Oobit, and will need to have completed the first level of KYC.
Go to https://buy.oobit.com/start an enter your email address to begin.
Select USDT - Tether (ERC-20) from the dropdown menu in the “select a cryptocurrency” box.
Enter the amount of Tether (USDT) you would like to purchase. You can select between the USDT or the USD options above the box to indicate whether you want to enter a USDT or USD amount. The summary below will illustrate the values in both currencies. Select “Buy Now” when you are ready to continue.
Next you’ll need to enter your ETH wallet address. As Tether is an ERC-20 token, it can be stored in any ETH-compatible wallet. ETH wallet addresses contain 42 characters, ensure that you have entered it correctly and select “Buy Now”.
You will now be sent a verification code to the email address linked to your account. You’ll need to enter the code, and check the boxes before being able to click “Continue”.
If you have not completed your KYC you will be asked to do so now. The process will take a few minutes and is easy to follow using the prompts.
The next step will require you to enter your address for the credit or debit card you will be using. The system will automatically fill in any information that it has on file, you will need to fill in the rest.
In the final step in our how to buy Tether (USDT) on Oobit guide, you’ll need to enter your credit or debit card details. Once you’ve entered the correct information, you can click continue.
Following verification from your bank, the transaction will take place and the cryptocurrency will be delivered to your ETH wallet address.
And there you have it! Congratulations on officially having purchased your first Tether. You are welcome to use our state of the art storage facilities should you want to hold the Tether in a safe location, alternatively enjoy spending it.