Tether current price is $1.010.
Tether current price is $1.010 with a marketcap of $75.04 B. Its price is 0.16% up in last 24 hours.
- Tether (USDT)
- Live Price $1.010
- Market Cap $75.04 B
- Volume $76.30 B
- Available Supply 74.65 B USDT
- Rank 4
Please wait, we are loading chart data
More Info About Tether
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex).The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.
Historical Data of USDT
A Step-by-Step-Guide on how to buy Tether (USDT)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Tether (USDT) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate (USDT) Tether As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch invest and trading. To purchase Tether (USDT) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To spot Tether (USDT), you'll need to put the shortname of the coin (USDT) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “USDT/BTC” to go ahead.
Step 4 – Buy (USDT) Tether Once you've spotted Tether (USDT), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order. The “Price” field will be filled automatically with the latest tariff (USDT) Tether was sold for. This can be changed to your desired price. The “Amount” field is the volumen of USDT you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of USDT. When you are happy, click on “Buy USDT“. Your order will be filled as soon as a Vendor trades their USDT for the price you gave.
Step 5 – Withdraw Tether (USDT) Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your (USDT) Tether, go to the tab called “Funds” and mouse click on “Withdraw”. Tether (USDT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDT) Tether by using the provided drop-down box. Enter the amount of (USDT) Tether you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.