How to Buy Tether (USDT) on eToro – A Step-by-Step Guide
This guide will show you how to buy Tether on eToro. We will provide you with a step-by-step guide to the best stablecoin and some of the best future cryptos on the brokerage.
We will also tell you what it costs to buy USDT as well as how much you need to start buying cryptos on eToro. The guide will also feature a brief eToro brokerage review, highlighting some of the reasons why eToro may be the best exchange to buy Tether USDT.
How to Buy USDT Tether on eToro in 4 Simple Steps
The simple steps below will show you how to buy USDT on eToro US today, a regulated crypto exchange. The entire process takes no more than a few minutes and you only need $10 to start buying USDT or any of the best altcoins listed on the platform.
- Step 1: Open a crypto trader account: Start by creating a free crypto trader account on eToro.com. The registration process is quick and straightforward, with the broker only asking for your basic personal information.
- Step 2: Deposit funds: To start buying USDT on eToro, first deposit at least $10 into the platform. It supports multiple payment methods and doesn’t charge a deposit processing fee.
- Step 3: Search for Tether (USDT): In the search box, enter ‘USDT’ or ‘Tether’ and click on the “Trade” button that appears to initiate the buying process.
- Step 4: Buy Tether (USDT): Use the trading tab that appears to customize this trade by indicating how much you intend to invest in USDT and hit the “Open Trade” button to execute the trade. The USDT will be immediately added to your portfolio.
Below, we will provide you with a detailed explanation of the steps above. We will also address the cost of buying cryptocurrencies like USDT on eToro and teach you how to sell USDT on the brokerage.
How to Buy Tether on eToro – Detailed Step-by-Step Guide
Below is a detailed walkthrough of the USDT buying process on eToro. Use this to learn how to buy your first USDT coin on the popular crypto brokerage.
Step 1: Register a crypto trader account with eToro
Start by creating a free crypto trader account on eToro.com. On your browser, open the official eToro website. Alternatively, download the eToro mobile wallet app for iOS or Android. Hit the ‘Join Now’ icon on either platform and fill out the registration form that appears.
This will capture such basic personal details as your country of residence, name, email address, zip code, age, disposable income, and crypto investing experience. You will also need to come up with a unique username and strong password for this account.
Step 2: verify your identity
eToro subjects all its clients to mandatory Know Your Customer (KYC) checks. The broker will, therefore, ask that you submit a copy of your government-issued identification document, such as your national ID, driver’s license, or passport. You will later receive an email notification informing you of the account approval.
Note: The names on the document must be similar to the names you used to create the crypto trader account. eToro may also take as much as 24 hours to verify the identity.
Step 3: Deposit funds
Log in to the approved trader account and hit the “Deposit Funds” icon on the user dashboard. A funding tab will pop up indicating all the deposit methods available to you – based on your country of residence. Choose one and follow the prompts to deposit at least $10 into the eToro account.
Step 4: Search for Tether (USDT)
After the deposit is reflected in your account, enter ‘USDT’ or ‘Tether’ in the search bar on the website. Click on the ‘Trade’ option that appears to start buying crypto.
Step 5: Buy Tether on eToro
A trading tab will pop up. Use it to customize the USDT investment by indicating how much US Dollars you intend to invest in Tether. Then, hit the “Open Trade” button to execute this investment. The broker will immediately debit your eToro cash account while adding USDT to your crypto portfolio.
Step 6: Set up the eToro Money mobile wallet app
Note that eToro provides all its platform users with two of the safest crypto wallets. First is the exchange-based wallet, which holds 90%+ of client assets offline. This is where the USDT you just purchased will be deposited. If you want more control over these assets, you will need to download the free eToro mobile wallet app – eToro Money.
Use the credentials created in Step 1 above to log in to the mobile wallet, link the wallet and trader account, and start moving funds to the wallet for outward transfer to third-party exchanges or wallets.
How to Sell Tether (USDT) on eToro
Selling USDT on eToro is also straightforward and instantaneous. Start by logging back into your eToro trading account and clicking the “Portfolio” tab on your user dashboard. A list of all your open crypto trades will appear. Hit the “Sell” icon against USDT and choose the “Close Trade” option on the confirmation tab that appears.
As is the case when buying USDT on the platform, eToro will immediately debit your USDT account. The cash equivalent of the USDT will be credited to your cash account. This can be withdrawn using one of the supported payment options or used to buy established digital currencies like Bitcoin and Ethereum, meme coins like Dogecoin or Shiba Inu or relatively new cryptos like ApeCoin.
You might also like: Best Crypto Wallets to Store Tether
How Much Does it Cost to Buy Tether on eToro?
eToro maintains a fixed transaction fee for all crypto trades – both buy and sell orders – on its platform, set at 1% of the value of the transaction. How much you end up paying in fees when buying or selling USDT on USDT is, therefore, dependent on the value of USDT being traded.
Not, however, that this is not the only fee impacting your USDT trades on eToro. The brokerage maintains a few other non-trading charges, including a $5 withdrawal processing charge (with a minimum withdrawal limit set at $30) as well as a crypto transfer fee of 0.5% of the trade amount (capped at $50).
eToro Tether Exchange Review
eToro has been offering crypto trading services for more than a decade. During this time, it cultivated a solid reputation for reliability, affordability, user-friendliness, and security that continues to draw millions of crypto investors toward this platform. It has also positioned itself as one of the best crypto exchanges to buy the most popular digital assets, especially what most in the crypto community consider to be the next cryptos to explode.
Apart from having one of the easiest client onboarding processes and the most straightforward crypto buying processes, eToro maintains an intuitive trading interface. The navigable interface plays home to a wide range of educational resources, from how to invest in crypto guides to tips on how to keep crypto safe. It also provides all users with a free demo account. These, plus the fact that it lists 70+ of the most beginner-friendly cryptos, make eToro one of the most beginner-friendly crypto exchanges in the US.
eToro also appeals to pro-crypto investors with its ultra-fast transaction processing speeds, decent liquidity, and integration of advanced trading tools. You, for instance, get to interact with the likes of customizable charts, economic calendars, and one-click trading. Both novice and expert investors also value the multi-regulated broker’s commitment to the safety and security of client assets and data.
The crypto broker is, however, more popular for its support for copy and social trading. Copy trading makes it possible for both beginner and expert traders on the platform to earn passively. Social investing, on the other hand, allows for seamless interactions between crypto investors on the platform where they share trading ideas and investing tips.
Pros & Cons of eToro Tether Exchange
- eToro is regulated by all top-tier agencies, including the SEC, FCA, CySEC, and AISC
- Its selection of assets features all the best cryptos to buy right now
- eToro lets you copy trades of successful traders and best-performing Smart Portfolios
- Supports crypto staking with annual returns as high as 90% on popular cryptos
- eToro is secure and has never been hacked
- Chat and phone support is only available to eToro club subscribers
- Maintains non-trading fees
Conclusion – Buy Tether on eToro
eToro has oversimplified the process of buying cryptocurrencies like USDT on its platform. It has not only oversimplified the crypto buying process but also enriched the trading platform – making it appealing to novice and expert investors. The brokerage also ranks highly among the best crypto exchanges because it has not only fortified its systems but also provides its users with highly secure digital wallets.
To start buying USDT on eToro, follow the step-by-step guide that we have discussed above. It only takes a few minutes and you can start buying the hottest cryptos with as little as $10.
Cryptoassets are a highly volatile unregulated investment product.
Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.
eToro Exchange
- Free Copy Trading of Professional Traders
- Best Place to Buy Tether
- Minimum Deposit only $10
- Best Beginner exchange
- Open to US & Worldwide
Cryptoassets are a highly volatile unregulated investment product.
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Wajeeh Khan
Wajeeh Khan is a financial researcher and writer with 7 years of experience. He has immense exposure to a range of financial assets, including stock, cryptocurrencies and forex - and is particularly well-versed in asset valuation, analysis, and portfolio management. Since 2016, Khan has worked with notable online platforms within financial journalism, including Invezz, Trading-Education, Dog of Wall Street, and News Break. All in all, he has written, editted, and published over 7,000 articles, guides, and market insight. Online casinos started as a hobby for Khan in 2018. But in only two years, it had already become another niche that he started actively researching. Over the past three years, he has written a diversified set of content around gambling for clients from all over the world. Academically, Khan has a Bachelor's in Economics and a Master's degree in Finance. He's also completed a bunch of courses on digital journalism and financial markets at large.
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