Buy Tether With PayPal
Tether (USDT) is a stablecoin that pegs its value to real-world fiat currencies such as USD, Euro (EURt), and also gold (XAUt). USDT has proven to be the most popular, with a market cap of over $75 billion, and ranking 4th in terms of market capitalization.
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.
How to Buy USDT with PayPal?
The prerequisite to this is opening and funding a PayPal account. You can fund your PayPal 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 have the USDT now
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 receive USDT
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.
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.
Brokers: The vast majority of brokers accept PayPal as a funding option. Apart from spot trading, traders can utilize options like margins, ETFs, futures, and CFDs.
Crypto exchanges: Centralized 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.
P2P marketplaces: 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.
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. For instance, eToro does not charge for PayPal deposits but levies a $5 withdrawal fee.
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. eToro and Avatrade are examples of heavily regulated brokers 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 Loss, and Stop Loss.
Should I Buy Tether Using PayPal?
Pros
Cons
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: These are among the most popular methods for depositing money into an exchange 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 payment - 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.
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.
Final Thoughts
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.
