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July 23, 2019

How to buy Tether (USDT) using a credit and debit card 

tether usdt

Buy Tether easily with a credit card on Coindirect.

What is Tether?

Tether is one of the best-known stablecoins in cryptocurrency. It gets its name as it is ‘tethered’ at a 1:1 ratio to the US dollar and maintains its price to the dollar as it fluctuates. The concept of a stablecoin is founded on the idea of creating a cryptocurrency which does not face the same rollercoaster volatility that most of the cryptocurrency market sees. Because of this, Tether gained a lot of attention for investors to find a stable valued cryptocurrency.

Read more about Tether in this coin profile.

How to create a Tether wallet

Sign up for a free Coindirect account and you will automatically get a free Tether online wallet. You can use your Tether wallet to buy, sell, store, send (withdraw) and receive (deposit) USDT.

How do I create Tether address?

Once you have signed up for a free Coindirect account all you need to do press the ‘Receive’ button to reveal your Coindirect Tether wallet address.

How to buy Tether with a credit card

  1. Sign up for a free Coindirect account
  2. Find your Tether Wallet and click the  ‘Buy’ button in your Tether Wallet.
  3. Select “New VISA Card (EUR)” or “New credit card (NGN)” if you are in Nigeria.
  4. Enter EUR value of BCH you want to purchase (more than the minimum limit) or the USDT amount you want to buy and then click ‘Preview Buy’
  5. You will receive a quote, press ‘confirm’ before the timer runs out (counts down from 55 seconds)
  6. Type in your credit card details and pay
  7. You will be taken to a page to verify your transaction
  8. Finally, you will be redirected back to your Coindirect Wallet once the payment is successful

Where can I buy Tether?

If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively.

To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited:

  1. Go to your ZAR/EUR wallet and click the “Fund now” button. Alternatively click the Fund tab in your Coindirect wallet and click on “Transfer Now”.
  2. Select the bank to transfer to from the drop down menu to get payment details and the reference you should use (highlighted in blue)
  3. Transfer the money from your bank account into the account shown on the screen then wait for the bank transfer to be processed (0-3 business days depending on the bank).
  4. Once the funds reflect in your ZAR wallet, go to your Tether wallet and click “Buy” and select “Wallet (ZAR)” or “Wallet (EUR)” as you payment method.

Where can I sell my Tether?

You can sell Tether from your Coindirect wallet by clicking the ‘Sell’ button in your Tether wallet.

If you are in a SEPA region or South Africa. You can sell your Tether and instantly get money transferred to your Wallet (ZAR or EUR).

If you are in another region with no local currency wallet. You can sell your Tether by creating a sell offer on the marketplace.

You now know how to buy Tether instantly from almost anywhere in the world. Make sure to download the Coindirect App to trade Tether from the palm of your hands.

Credit card limits

Please note that Coindirect has limits for credit card purchases in place.

Make sure that your account is verified so that your credit card purchase limits are increased.

Currently, the limits for credit card purchases are:

Unverified users – €175 – €500

Verified users – €890 – €1000 

Earn Ripple

Coindirect offers a way to receive free Ripple XRP. To earn Ripple, send a link from the Earn programme to invite your friends to buy cryptocurrency through Coindirect. When your friends sign up to Coindirect and make the first transaction, both of you will receive 5 XRP each.