Buy Tether with PayPal

Top Tether brokers that accept PayPal

Choosing the right crypto platform can be a long process, so to save you the 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.

Pros

• Simple to set up and use

• Ability to speculate on cryptos without owning the underlying asset

• Options to use leverage on cryptos

Cons

• Not as many cryptos supported as exchanges

• Fees may be involved when buying, selling, depositing and withdrawing.

Crypto exchanges

Centralized exchanges are custodial platforms that facilitate buying, selling, and storing of crypto.

Fiat to crypto exchanges facilitate 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.

Pros

• High liquidity

• Easy to use

• Secure

Cons

• Higher fees

• Learning curve may be higher than other platforms as you have to use wallets

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.

Pros

• Easy to set up

• PayPal accepted as a payment option

• Escrow service to protect the seller and buyer.

• Avoid fees involved with using exchanges and brokers.

Cons

• Not as liquid as exchanges so may take a while before order gets filled

• Prices will not be updated in real time, so may not get the best deal

How to buy Tether 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 Crypto exchange.

Step 1: Find a suitable exchange and open an account by providing your name, phone number and email address. You may be asked to provide ID to complete the verification process. This step can take anywhere from a few minutes to a few hours, depending on the exchange.

Step 2: Add your preferred payment method which in this case is PayPal by following the onscreen instructions. Once this is completed, deposit some money into the exchange account.

Step 3: Use the search bar to find the USDT markets. For example, if you’ve deposited GBP, you would search for the USDTGBP markets. Enter the amount you want to buy and confirm the transaction.

Step 4: The USDT should now appear in your account balance. Now, you can either leave them in your exchange account, or alternatively, you can withdraw them into a private wallet.

External wallets provide the best option for secure storage.

Buy Tether with P2P marketplaces

Step 1: Find a P2P platform that supports Tether and sign up for an account.

Step 2: Verify your account by providing ID for regulation purposes.

Step 3: Use the filter option to select your preferences. Here are a few pointers: seller’s reputation, payment method (PayPal), response times, volume

Step 4: Find a seller that matches your requirements and click buy. Next, just follow the onscreen instructions to pay for the Tether and confirm the transaction.

Step 5: The Tether is then released to your wallet and it’s up to you what you want to do with the coins after that. You can simply hold, or trade them into another cryptocurrency such as Bitcoin or Ethereum.

How to deposit and withdraw via PayPal

Deposit

Depositing with PayPal may vary on different exchanges, but it is generally easy. Here are the steps:

• Login to your exchange account and select PayPal as the payment method

• Enter the amount you wish to transfer.

• You will be redirected to the PayPal login page.

• Confirm the transaction request sent by the exchange.

• Pay the transaction. It should take a few minutes to appear on the exchange.

Withdraw

Prerequisite: Have funds in your exchange account.

• Sign in to the exchange

• Link your PayPal account to the exchange.

• Select PayPal as your cash-out option.

• Confirm the details and finalize the transaction.

What should I look for in a PayPal Tether broker?

• Low fees: Charges eat into your funds. 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 offer protection for 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 to brokers with a solid track record. Check for regulatory approval and 2-factor authentication.

• Reputation: Check for recent reviews to understand the present status of a broker. Doing some research can help you to avoid problematic exchanges which usually have issues surrounding deposits, withdrawals, security, and customer service.

• Risk management: Use brokers that offer risk management features like Trailing Loss, and Stop Loss.

Is using PayPal the best method to buy Tether?

PayPal is a popular online payment option, however, it is not as 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 set up 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: This is among one of the most popular methods for depositing money into an exchange, perhaps due to the low fees and ease of use. Some of the popular bank transfers 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 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 it 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 Tether 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 also exist, such as bank transfers and credit/debit cards.

Rule number one is to only invest with money you can afford to lose.

FAQs

• Can I buy Tether anonymously with PayPal?

No. All reputable exchanges will require ID during registration.

• How fast is buying Tether with PayPal?

It is instant on some crypto platforms. Some platforms advise that transactions may take a few minutes or hours to complete.

• Do I need a crypto wallet?

Yes, you need a crypto wallet to store your Tether if you are storing it for the long term. Of course, the exchange itself will provide you with one as well.

• Are there low fees when using PayPal to buy Tether?

Yes, some crypto platforms provide free PayPal deposits and withdrawals.

• Can I hold cryptocurrency in my PayPal account?

PayPal can hold four cryptocurrencies, Bitcoin Litecoin, Bitcoin Cash, and Ethereum.

• Can I buy other cryptos using PayPal?

Yes, you can buy cryptos such as Bitcoin and Ethereum using PayPal.

• Can I buy Tether with PayPal instantly?

Yes, transactions are completed instantly on some crypto platforms.

• Is PayPal the easiest way to buy Tether?

If you have funds in your PayPal account, it makes the purchase easier. However, PayPal is not as widely accepted as other payment methods.

• Does Coinbase accept PayPal?

PayPal is currently only available to US customers of Coinbase.