The 5 Best Places to Buy USDT in 2024
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The 5 Best Places to Buy USDT in 2024

The 5 Best Places to Buy USDT in 2024
The 5 Best Places to Buy USDT in 2024
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Key Takeaways

  • USDT (Tether) is a stablecoin pegged to the price of the US dollar. 
  • Exchanges like Coinbase, Kraken, Binance, Gemini, and Uniswap are great places to buy USDT.

In this guide, we’ll walk through the best exchanges to buy USDT and answer a few frequently asked questions about Tether.

Quick look: The 5 best places to buy USDT 

  • Kraken
  • Coinbase 
  • Gemini
  • Binance/Binance.US
  • Uniswap 

Where Can You Buy USDT?



Best for low fees

Kraken is one of the oldest continuously-running cryptocurrency exchanges in the world. Today, Kraken serves more than 10 million crypto investors around the world. The platform is considered a great choice for beginner and experienced traders alike! 

CoinLedger rating: 9.5/10 


  • Besides USDT, Kraken offers more than 230 cryptocurrencies! 
  • Kraken Pro — Kraken’s advanced trading platform — offers low fees ranging from 0 - 0.26%!
  • Kraken is a trusted cryptocurrency exchange with excellent security! 


  • Some users report that Kraken’s actual fees can be higher than displayed fees. 
  • Slow customer support. 

Pro Tip: 

Kraken has some of the lowest fees on stablecoin purchases! When we purchased $10 of USDT on Kraken’s standard platform, we paid $0.14 in fees. 



Coinbase is one of the world’s biggest cryptocurrency exchanges — currently serving more than 100 countries around the world! Coinbase is well-known for its easy-to-use interface and its world-class security measures. 

CoinLedger rating: 8.9/10 


  • Beginner-friendly platform with smooth user interface! 
  • Highly secure platform! 
  • Coinbase’s Learn and Earn program is a great way for new investors to get free crypto while learning about the blockchain ecosystem! 


  • Relatively high fees compared to other platforms
  • Slow customer support 

Pro Tip: While Coinbase is a trusted platform, fees for buying stablecoins like USDT can be very high! When our team put in $10 to buy USDT, we paid $0.99 worth of fees! 



Gemini is a cryptocurrency exchange known for its commitment to regulatory compliance — it's one of the few cryptocurrency exchanges available in all 50 states! Gemini supports more than 100 cryptocurrencies — including USDT. 

CoinLedger rating: 8.9/10 


  • Secure platform with a commitment to regulatory compliance! 
  • Offers a clean, intuitive interface for easy trading.
  • One of the few exchanges available in all 50 states! 


  • Higher trading fees than some competitors.
  • Limited selection of altcoins compared to larger exchanges.

Pro Tip: Gemini has fees similar to Coinbase. When our team put in $10 to buy USDT, we paid $0.99 worth of fees! 



Binance is the world’s largest exchange by volume. While the platform has run into issues with regulators in recent years, Binance is famous for offering low fees and a wide selection of cryptocurrencies! 

CoinLedger rating: 8.4/10 


  • Trade USDT and 500+ other cryptocurrencies on Binance, 150+ on Binance.US
  • Competitive fees and discounts for Binance Coin (BNB) holders.
  • Offers relatively low fees compared to other platforms (0.075% on Binance, 0.30% on Binance.US) 


  • May be overwhelming for beginner investors 
  • Has faced regulatory issues in multiple countries 
  • The full Binance platform is not available in the US. Binance.US comes with limited features. 

Pro Tip: While Binance/Binance.US offers relatively low fees, some investors have turned away from the platform due to recent controversies. In 2023, Binance CEO and Co-founder Changpeng Zhao was forced to resign. He now faces criminal charges in the United States for money laundering. 



Uniswap is a decentralized exchange — which means unlike the other exchanges listed, liquidity is provided by users and transactions are approved via smart contracts. Uniswap allows you to buy cryptocurrencies like USDT through MoonPay — an application that supports payments through bank transfers and credit cards. 

CoinLedger rating: 8.5/10 


  • Decentralized exchange offering a wide range of ERC-20 tokens.
  • Allows users to trade for USDT and other cryptocurrencies without KYC
  • Bank transfers and credit card payments supported through MoonPay 


  • Decentralized exchanges can be difficult to navigate for new investors 
  • Blockchain gas fees may be higher than centralized exchange fees 
  • Decentralized exchanges do not offer customer support 

Pro Tip: Buying USDT on Uniswap can be expensive. Not only must you account for blockchain gas fees (which can fluctuate based on network usage), MoonPay charges 1% for bank transfers and 4.5% for VISA cards. 

What is USDT?

USDT, or Tether, is a cryptocurrency that is pegged to the value of the US dollar. This means one USDT is intended to remain equivalent to one USD, providing a stable value in the often volatile cryptocurrency market. 

How to Buy USDT?

Let’s walk through a step-by-step process to buy USDT 

Step 1: Choose a Reliable Exchange: Select a platform that supports USDT and has a strong reputation for security and reliability. Decide whether you wish to use a centralized or decentralized exchange. 

  • A centralized exchange is controlled by a centralized entity such as Coinbase. A centralized exchange is typically a better option for beginners because it typically comes with an easy-to-use interface and customer support options. 
  • A decentralized exchange allows users to buy and sell cryptocurrency in a peer-to-peer fashion. Decentralized options are a great option for investors who are interested in exploring an alternative to traditional finance platforms. 

Step 2: Create and Verify Your Account: Once you find a reputable exchange, you can create an account. You may be required to verify your identity and provide information like your name, Social Security number, and a copy of your driver’s license/other form of identification. It may take a few days for your account to be verified. 

Currently, decentralized exchanges do not require Know Your Customer (KYC) information. However, it’s likely that these exchanges will be required to introduce KYC policies in the near future to comply with 1099 reporting regulations put in place by the Build Back Better Act

Step 3: Deposit Funds: Once your account is created, decide how you are going to pay for the purchase. 

  • Cash: Typically, centralized exchanges allow you to fund your account via bank transfers or wire transfers. It’s likely that you won’t be allowed to add cash into your account until you finish the verification process laid in the last step. 
  • Credit Card: While some exchanges like Kraken support buying cryptocurrency with a credit card, it’s not recommended. Many credit card issuers like Bank of America, Wells Fargo, and Chase do not allow crypto purchases. Other credit cards charge high fees for crypto transactions. 
  • Cryptocurrency: You can purchase USDT using your existing cryptocurrency holdings. Before you choose this option, it’s important to remember that converting cryptocurrency to a stablecoin like USDT is considered a crypto-to-crypto trade subject to capital gains tax. 

Step 4: Purchase USDT: Now, search for USDT on your exchange and make the purchase! Before you confirm the trade, you should get an estimate on how much you’ll pay in fees. 

Step 5: (Optional) Transfer Your USDT: Some investors choose to transfer their USDT and other cryptocurrencies to a secure custodial wallet. This can help keep your USDT safe in the case that your exchange is hacked or goes bankrupt. In addition, many software wallets allow you to connect to decentralized applications! 

How can I buy USDT with no KYC? 

Currently, decentralized exchanges like Uniswap give users the option to buy USDT and other cryptocurrency with no KYC

However, this is likely to change in the near future. 

The Build Back Better Act mandates that all cryptocurrency exchanges — centralized and decentralized — will be required to issue Form 1099-DA to users. It’s likely that decentralized exchanges will need to introduce KYC policies to comply with these regulations. 

Should I use USDT? 

Today, USDT is the most popular stablecoin in the DeFi ecosystem. 

However, USDT has faced regulatory challenges in the past — in 2021, Tether was fined $41 million for misleading customers about its reserve holdings. 

Because of the controversies around Tether, some investors have turned to alternative stablecoins like USDC. 

For more information, check out our guide to USDT vs USDC

How are stablecoins like USDT taxed? 

Stablecoins like USDT are taxed like other cryptocurrencies and can be subject to capital gains tax and income tax. 

When you trade USDT for USD, you’ll incur a capital gain (though it’s likely that this capital gain will be close to 0). 

For more information, check out our guide to stablecoin taxes

Frequently asked questions

  • Can I buy USDT on Coinbase? 
  • Can US citizens buy USDT? 
  • How to buy USDT with a credit card in the USA? 
  • Can I buy USDT with cash? 
  • MinuPlus
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