Top Crypto Sites Accepting Tether (USDT) for Deposits
USDT is one of the most commonly used stablecoins for transfers & deposits to crypto exchanges and platforms.
The biggest problems for USDT transfers can be the high transaction fees, that can be avoided if using the right blockchain.
While most crypto platforms only support Tether transactions with the ERC-20 network on Ethereum blockchain, instead of using a crypto exchange supporting Tether transfers with Tron blockchain. Not falling in the Ethereum blockchain pitfall, can save around 95-99% in transaction costs, making your USDT transfer way more affordable. So use Tron (TRX) blockchain next time you do a Tether transfer, but first confirm that both the sending and receiving wallet accept transactions with TRX.
The Tether is currently ranked as the third-largest cryptocurrency by market cap, after Bitcoin and Ethereum. Being such an important cryptocurrency, it is featured on lots of crypto exchanges around the world. You can get started with a Tether (USDT) deposit by signing up for one of the crypto sites below.
There are 31 crypto trading sites supporting Tether and 106 crypto casinos which support Tether as deposit method as seen in the toplists below.
Top 31 sites for buying, selling and trading crypto with Tether (USDT)
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through an USDT transfer. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
KuCoin One of the exchanges available in most places around the world, with among the lowest fees and among the best compatibility for transfers between various blockchains.
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through an USDT transfer. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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Here are the best crypto exchanges, platforms and brokers offering funding with Tether.
Summary
USDT gained popularity because it offers the benefits of Blockchain technology and still avoids the volatility of regular cryptocurrencies. It is also among the oldest cryptocurrencies in existence and has significantly helped with the growth of the crypto sector. Tether does not charge users any transaction fees, but you will have to cover the gas fees of the respective blockchains. Also, you may have to pay a fee to the crypto exchanges.
Advantages
+Its value is stable, so you don’t need to worry about volatility.
+Its transfer fees can be very low.
+It helps you maintain high levels of anonymity when buying cryptocurrencies.
+It makes it easier to process international payments.
Disadvantages
-The transactions are completed in minutes, which is quite slow.
-The cryptocurrency is still highly controversial.
-You can’t mine the cryptocurrency.
-It is a centralized cryptocurrency and can blacklist users.
-Newbies can be vulnerable to security risks.
What is USDT?
Tether is classified as a stablecoin since its price is always maintained at 1 USD. The company is able to maintain this price because every Tether coin is backed by actual US dollar reserves. Whenever withdrawals are made, USDT coins are burned as well, thus ensuring that the price does not change. Because of the high market cap of the coin, there are now many crypto sites that accept USDT. It is worth noting that the coin uses several blockchains, including Bitcoin and Ethereum. The transfer speeds and transaction costs will vary depending on the blockchain you use.
USDT Costs
The fees for USDT deposits will vary depending on the blockchain you are using. For example, when using the cryptocurrency on the Ethereum blockchain, you will have to pay the ETH gas fees, which usually amount to about $15. If you choose to transfer the funds on the Algorand blockchain, you will have to pay a fee of about 1000 microAlgos. This is equal to about 0.0007 USD. You should note that Tether itself does not charge any fees for the payments. When making USDT payments, you also need to consider the fees charged by the crypto exchange.
Transaction speed for USDT
Since Tether uses the infrastructure of other cryptocurrencies, its transaction time will vary depending on the blockchain you use. For example, with the Bitcoin infrastructure, the transactions will usually be confirmed within 60 minutes. With Ethereum, USDT payments will typically be completed within six minutes. USDT deposits are generally considered fast, especially in comparison to regular fiat currency transfers.
USDT Deposits: How to do it?
1. You can start by logging into your account on the crypto exchange.
2. Then you can navigate to the payment section, where you will pick Tether from the available deposit options.
3. From there, you can enter the amount you want to deposit.
4. To complete the transaction, you can verify your crypto wallet account.
Which are the main countries where USDT is used?
Although this deposit method is quite controversial, it is still extremely popular in the USA and Australia. Canada recently banned local crypto exchanges from trading in this cryptocurrency, particularly because its mode of operation is unclear. However, it is not exactly illegal to use Tether in the country. Some places where the stablecoin is completely illegal include China, Iraq, Egypt, and Qatar.
Can you withdraw with USDT?
You can use this stablecoin to make withdrawals from your crypto exchange account. In order to make the withdrawals, you will usually need to add the destination address and whitelist it. You can check the terms and conditions of the platform to determine the withdrawal fees.
Reputation of USDT
Tether is respected as one of the most important cryptocurrencies. It is especially useful since it maintains its value at about 1 USD, and this allows investors to avoid the price volatility of other cryptocurrencies. While many crypto enthusiasts appreciate this stablecoin, lots of people are concerned about the shady nature of the company. It is still not certain whether each USDT is backed by actual US dollars, and the company has been hacked several times. You can follow discussions on the cryptocurrency on platforms like Reddit and Twitter.
FAQ
Here are some of the most commonly asked questions about Tether (USD), when used for transfers between wallets or as deposits for a new crypto account opening. Have you got any additional query?Don’t hesitate to contact us.
Is it safe to use USDT for crypto transfers?
Yes, it is safe to use this stablecoin when funding your account. Since its price doesn’t change, you will not risk losing a large percentage of your portfolio by holding this altcoin. You should just make sure you secure your crypto wallet to prevent criminals from accessing your assets.
How do I set up USDT?
In order to set up your USDT wallet, you will have to first add your personal information. You should also verify your details and identity. Once that is done, you will need to purchase USDT from a crypto exchange.
Is USDT transfers instant?
USDT payments are not instant, but they can be fairly fast. Depending on the blockchain you use, the transactions should be completed within a few seconds to a few hours. You should note that the number of pending transactions will also determine the speed of the payments.
Which blockchain offers the cheapest USDT transfers?
The both cheapest and most commonly used blockchain for cheap USDT transfers is TRX aka Tron Blockchain (TRC20). Crypto sites such as Kucoin (review) and Gate.io (review) supports Tron and the average transfer cost is about 1 USDT. Not bad right?
The most used blockchain for USDT transfers is the ETH (ERC20) blockchain. While most sites, both platforms, exchanges and DEX support this network, it is not very wise to use from an economical point of view. One USDT transaction with ETH blockchain costs about 20-35 USDT.
Kucoin’s own blockchain; Kucoin Community Chain or KCC can not be used at the moment for USDT transfers. Otherwise, a transfer there would cost 0.5 USDT and would be the cheapest possible method for USDT transactions.
Algorand (ALGO) blockchain offer USDT transfers for 0.1 USDT, so it’s lower than TRON, but not available on so many exchanges.
EOS blockchain got the same price as TRON on Kucoin, but with slightly less crypto sites accepting USDT transfers with the EOS network. So if the receiving wallet accept EOS, it’s a great choice – for only 1 USDT.
Which blockchain offers the festest transfers for Tether?
Tron is our choice for fast USDT transfers, while EOS also got some respectable transfer speed. For ERC20 (ETH blockchain), it depends on the amount of transfers at the moment.
When was USDT founded?
This stablecoin was founded in mid-2014 and was initially known as Realcoin. It was rebranded as Tether in November of the same year.
Where is the mother company based?
Tether was initially based in the Isle of Man, but it was later moved to the British Virgin Islands. The company also has offices in Hong Kong.
Does USDT work for deposits on CFD brokers?
No, USDT does not work for crypto deposits on CFD brokers, but it is likely to be used in the future.
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Tether transactions volume outpaces both Visa and Mastercard Sunday, 15 Jan 2023 4:01 pm
The biggest stablecoin in the world, Tether (UDST), has surprised many in the traditional finance space by outpacing both Mastercard and Visa when it comes to sheer volume of transactions settled. 2022 saw Tether process $18.2tn, with Mastercard and Visa weighing in at $14.1tn and $7.7tn respectively. Want to enter the crypto marker with a fiat-backed stablecoin? You can't go far wrong with USDT. Buy it by signing up for MEXC Global now!
Tether swaps Solana for Ethereum Saturday, 19 Nov 2022 10:20 am
Tether has announced a $1bn USDT swap, moving a massive amount of coins from the Solana network over to Ethereum. This on-chain swap (which are used to move USDT from one blockchain to another) has likely been prompted by the ongoing issues surrounding Solana in the wake of the FTX and Alameda meltdown. But with ambitious plans ahead, Crypto Lists isn't writing off SOL just yet. If you want to get involved when the prices are super low, then Sign up for MEXC Global he... Read the full newsflash
USDT and USDC on Solana back on track Thursday, 17 Nov 2022 11:24 pm
While Binance is under investigation and is 'a walking time bomb' according to Nouriel Roubini, CZ made sure that USDT and USDC transactions over the Solana network on Binance were temporarily suspended for three hours, between 12:05 and 15:05. Crypto Lists speculate that the downtime was due to some trading tick size adjustments, something that OKX did two days ago. Circle, the organisation behind USDC, was quick to... Read the full newsflash