This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.

Discover how to buy USDT

Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
USDT
0x357b...dc2b
$0.99959
$0.00029979 (+0.03%)
4.2
Last updated on --.
Trade USDT

How to buy USDT on OKX DEX

Whether you’re new to DeFi or an experienced trader, follow this guide to buy USDT.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.

What's Tether USD?

Tether USD, or USDT, is a type of digital money called a stablecoin. It's like a digital dollar that lives on the internet. People use it because its value stays close to one US dollar, making it easy to understand and use. Imagine having a digital piggy bank that always holds the same amount of money, no matter what happens in the world. This helps people trade and use digital money without worrying about big changes in value.

How can I buy Tether USD?

1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as part of KYC. 3) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 4) Once your account is funded, navigate to the 'Buy Crypto' section. 5) Select Tether USD (USDT) and enter the amount you wish to purchase. 6) Confirm your purchase and the USDT will be added to your account.

Why do people buy Tether USD?

People buy Tether USD because it offers stability in the often volatile world of cryptocurrencies. It's widely used for trading and transferring money across borders quickly and with low fees. USDT is accepted on many platforms, making it a convenient choice for transactions. It helps users avoid the price swings of other cryptocurrencies while still enjoying the benefits of digital money. However, it's important to understand that Tether USD is not a traditional investment and doesn't offer interest or growth.

Things to know before buying Tether USD in the United States

In the United States, cryptocurrencies like Tether USD are legal but regulated. Users must complete KYC and AML checks, which means verifying their identity. When using or trading USDT, be aware of tax implications, as the IRS considers cryptocurrency transactions taxable. This includes capital gains tax on profits and reporting any income from crypto activities. It's crucial to keep records of all transactions for tax purposes and consult a tax professional if needed.

What are other ways to own Tether USD?

Besides buying, you can earn Tether USD through various programs. Some platforms offer Learn-and-Earn programs where you complete educational tasks to earn USDT. Participating in liquidity pools or staking on certain platforms can also reward you with USDT. These methods require understanding the platform's rules and potential risks, such as market volatility or platform security. Always research and ensure you understand the effort and requirements involved before participating.

How can I store my Tether USD?

To keep your Tether USD safe, you can choose between custodial and non-custodial storage. Custodial wallets, like those on exchanges, are convenient but require trust in the platform's security. Non-custodial wallets give you full control, with options like hot wallets (online) for easy access or cold wallets (offline) for maximum security. Always back up your wallet and keep recovery phrases secure. Regularly update your security practices to protect against loss or theft.

Why should I buy Tether USD on OKX?

Learn more about the security measures keeping your Tether USD safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Why should I buy Tether USD on OKX?
Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.
Why should I buy Tether USD on OKX?

How to buy crypto FAQ

1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select USDT (Tether USD) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for USDT (Tether USD)
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.

Disclaimer

This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.

You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.