Tether (USDT) is a stablecoin that is pegged to the value of the US dollar, meaning 1 USDT should always be worth $1. USDT has proven to be the most popular stablecoin, with a market cap of tens of billions of dollars.
In this guide, we cover how to buy Tether using PayPal as a payment method, what platforms you can use (brokers, exchanges, P2P marketplaces), and some other important considerations to keep in mind. Read on to find out how to buy USDT with PayPal.
Top Tether Brokers That Accept PayPal
Choosing the right crypto platform can be a long process, so to save you time and effort, we’ve listed the top providers below that can help you get started right away.
|Partner Name Label||Label||CTA||Customer Support||Launch Date||Security Features||Security Features||Disclaimer|
|1. Pepperstone||4.5||Visit Websitepepperstone.com||Email, Live Chat, Telephone, Whatsapp||2010||2FA, Biometrics, Pin||2FA, Biometrics, Pin||Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.|
|2. Eightcap||4.4||Visit Websiteeightcap.com||Live Chat, Email, Telephone||2009||2FA, Pin||2FA, Pin||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
|3. Coinbase||4.2||Visit Websitecoinbase.com||2012||2FA, Pin , Biometrics||2FA, Pin , Biometrics|
|4. Changelly||3.7||Visit WebsiteChangelly.com||Email, Live Chat||2015||2FA, Biometrics||2FA, Biometrics|
How to Buy USDT with PayPal?
The prerequisite to this is opening and funding a PayPal account. You can fund your PayPal account using bank transfers, credit, and debit accounts.
Buy Tether with a crypto exchange:
Step 1: Sign up for an account and verify it
Step 2: Add your preferred payment method and deposit money
Step 3: Confirm the transaction
Step 4: Your account balance will now include USDT
Buy Tether with P2P marketplaces:
Step 1: Sign up for an account
Step 2: Verify your account
Step 3: Select your preferences
Step 4: Confirm the transaction
Step 5: Your wallet will receive USDT
What Is a PayPal Tether Broker?
Crypto platforms allow users to buy, sell and hold cryptocurrencies, including Tether.
Many of these exchanges now allow users to add PayPal as a payment method for quick and easy deposits and withdrawals.
What Crypto Platforms Accept PayPal?
Many crypto platforms accept PayPal as a way to deposit money, including brokers, exchanges, and peer-to-peer (P2P) platforms.
A variety of brokers accept PayPal as a funding option. Apart from spot trading, traders can utilize options like margins, ETFs, futures, and CFDs.
Best broker that accepts PayPal: EightcapVisit Eightcap
Centralized crypto exchanges are custodial platforms that facilitate buying, selling, and storing of crypto. Fiat to crypto exchanges facilitates buying crypto with fiat currencies like USD, JPY, and EUR. Crypto to crypto exchanges help you buy crypto with another crypto.
Most platforms offer both of these services.
Best crypto exchange that accepts PayPal: CoinbaseVisit Coinbase
These are peer-to-peer (P2P) platforms that match buyers and vendors. They do not hold funds or crypto assets. For instance, a vendor can advertise USDT on the platform, specifying the price, volume, and other aspects.
A buyer can browse the adverts and initiate a trade after finding a suitable offer. Money will be sent to the seller directly using an escrow account. P2P marketplaces have a global presence, and many provide a lot of payment options, including PayPal.
Best P2P platform that accepts PayPal: PaxfulVisit Paxful
What Should I Look for in a PayPal Tether Broker?
Low fees: Charges eat into your funds. However, they are highly dependent on the platform, with some offering free deposits and withdrawals.
Speed: It’s worth looking at the terms and conditions of platforms to determine how much time withdrawals will take. Of course, it’s best to go with the fastest platform if all other factors as the same.
Regulatory approval: Unregulated brokers are to be avoided as they do not protect users when something goes wrong. Avatrade are an example of a heavily regulated broker across the UK, USA, and Australia.
Security: To protect your funds and personal data, we recommend signing up with brokers with a solid track record. Check for regulatory approval and 2-factor authentication.
Risk management: Use brokers that offer risk management features like Trailing Stop Loss and Stop Loss.
Should I Buy Tether Using PayPal?
Is Using PayPal the Best Method to Buy Tether?
PayPal is a popular online payment option; however, it is less widely accepted on crypto platforms.
If you already have an account, then it may be worth looking for crypto platforms that accept this payment method, as the setup process will be very simple.
Otherwise, you’re better off using alternative payment methods, which will be outlined in the next section.
What Are the Alternative Payment Methods to Buy Tether With?
Try these other alternatives depending on your jurisdiction and crypto platform.
Bank transfers: Buying crypto with a bank transfer is among the most popular methods due to the low fees and ease of use. Some of the popular bank transfer services globally are SEPA - Europe, ACH transfers - USA, Direct Entry - Australia, Canadian EFT - Canada, and Faster Payments - United Kingdom.
Prepaid cards: These cards are loaded with redeemable cash. Like PayPal, they are mostly used on P2P exchanges.
Credit/debit cards: Arguably the most popular payment method that is accepted by most crypto platforms. Like PayPal, deposits are fast, although they may incur fees when buying USDT with a credit card.
Cryptocurrencies: They provide a viable way to buy Tether, with popular pairs being BTC/USDT and BUSD/USDT. If you have some Bitcoin, you can transfer the coins to an exchange and convert them into USDT.
E-wallets: Skrill, Payoneer, and Venmo are some of the other payment options on crypto platforms, especially P2P marketplaces.
The best way to buy USDT with PayPal is by adding it as a payment method on a cryptocurrency platform. Here, you can easily deposit from and withdraw funds back into your PayPal account with ease.
Exchanges and P2P marketplaces provide the best platforms to buy Tether using PayPal. Other payment methods, such as bank transfers and credit/debit cards, also exist.
Our top platform for those looking to buy USDT with PayPal is Coinbase, as it provides a wealth of resources for beginners, is very easy to use, and has strong security.
|Partner Name Label||Label||CTA||Disclaimer|
|1. Coinbase||4.2||Visit Websitecoinbase.com|