Tether

usdt

Tether Price

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Price change (1D)

Volume (24h)

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Market cap

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Disclaimer: The information on these pages is for informational purposes only and does not constitute financial, legal or investment advice. While every effort has been made to keep the content as accurate and up-to-date as possible, errors or omissions may occur. Use of this information is entirely at your own risk. As the crypto market can be volatile and risky, we strongly recommend that you conduct your own thorough research and seek professional advice before making any investment decisions. The authors and publishers of this information are in no way liable for any losses or damages arising from the use of the information provided.

Tether

Tether is a type of cryptocurrency known as a stablecoin, which is designed to maintain a stable value by pegging it to a reserve of assets, typically fiat currency such as the US dollar. Established in 2014, Tether has become one of the most widely used cryptocurrencies, particularly for trading and transferring value in the digital currency ecosystem. The primary goal of Tether is to provide a reliable medium of exchange within the inherently volatile cryptocurrency market.

How does Tether work?

Tether operates on various blockchain platforms, including Bitcoin, Ethereum, and Tron, utilizing the technology to facilitate transactions securely and transparently. Here is how Tether works:

Tether is issued by Tether Limited, a company that claims to hold an equivalent amount of fiat currency reserves for every Tether token (USDT) in circulation.
The peg is maintained by enabling users to exchange their fiat currency for Tether tokens on a 1:1 basis.
For every Tether created, a corresponding amount of the underlying asset must be maintained in reserve, ensuring that users can redeem their tokens at any time.
Tether can also be transferred and traded like other cryptocurrencies, making it a popular choice for traders looking to convert volatile assets into a stable value.

What should you know before buying Tether?

Before purchasing Tether, it is crucial to consider the following points:

Exchange Compatibility: Ensure that the exchange you choose supports Tether trading pairs.
Risks of Centralization: Tether is issued by a centralized company, which raises concerns regarding transparency and governance.
Regulatory Scrutiny: Be aware of the regulatory environment surrounding Tether, as it may be subject to scrutiny and future regulations.
Volatility Consideration: While Tether is designed to be stable, it can still experience fluctuations due to market dynamics and perception.
Security Concerns: As with any cryptocurrency, security is paramount. Employ best practices for safeguarding your Tether holdings.

Why do people add Tether to their portfolio?

Tether serves numerous purposes within the cryptocurrency landscape, making it a popular addition to many portfolios. Here are some reasons why investors choose to hold Tether:

Liquidity: Tether is widely accepted across numerous exchanges, providing liquidity that allows for quick transactions.
Hedging Against Volatility: Traders often use Tether to hedge against the volatile price swings of other cryptocurrencies.
Ease of Use: Tether simplifies the process of moving capital in and out of cryptocurrencies without needing to convert to fiat currency.
Accessibility: Tether enables users in regions with unstable local currencies to gain access to a more stable financial medium.
Transaction Speed: Tether transactions are generally faster than traditional bank transfers, making it convenient for trading and transactions.

How do you manage Tether yourself?

Managing your Tether holdings effectively involves several key practices:

Secure Storage: Use reputable wallets to store your Tether safely. Consider hardware wallets for long-term storage.
Transaction Tracking: Keep records of your transactions to monitor your purchases and sales accurately.
Market Awareness: Stay updated on market conditions and Tether’s peg status to make informed trading decisions.
Strategic Trading: Assess when to exchange Tether for other cryptocurrencies or fiat currency based on market trends.
Regular Review: Periodically assess your overall crypto portfolio, including Tether, to ensure it aligns with your investment strategy.

In conclusion, Tether is a significant player in the cryptocurrency market, offering stability and ease of use for traders and investors alike. Understanding how it works and the essential aspects to consider before purchasing can help you make informed decisions as you navigate the intricate world of cryptocurrencies.

Tether buy with iDEAL

To make Tether purchase even easier, iDEAL is a service that allows you to buy crypto such as Tether with your bank account. Instead of doing this through a separate website, iDEAL works together with other payment methods in the Knaken app so you can jump straight into Tether. Before buying Tether with iDEAL, it’s helpful to first check the Tether price. Here are the steps to take to purchase Tether with iDEAL:

Open an account with Knaken: create an account at Knaken and complete the verification process.
Buy Tether from the dashboard or via the app: Click 'buy' next to Tether on the dashboard and purchase Tether with iDEAL.
Manage your Tether: check your balance and the live Tether price on your dashboard.

Once you know these steps, you'll see that buying Tether with iDEAL can be safe and simple.

Best Tether price

The price of Tether is constantly fluctuating and is influenced by various market factors. It's important to always keep an eye on the current price before deciding to invest. At Knaken, you are assured of one of the best Tether prices on the market, thanks to their transparent prices and low transaction fees. This way, you always know you're paying a fair price, whether you’re buying or selling Tether.

Safely storing your purchased Tether

Once you have bought your Tether, you need to take extra steps to secure your coins. A safe place to store your Tether is in a 'non-custodial' wallet. However, it's important not to confuse these wallets with the wallet address you have on the blockchain. Blockchain wallet addresses are the public addresses people use to send and receive Tether. All Tether wallets also have a private address, represented by the private keys. With these private keys, you can access that Tether wallet anywhere. Exchanges are the ones who hold the private keys for their Tether wallets, making them 'custodial wallets.' Non-custodial wallets are those where only you have access to the keys. Generally, a hardware wallet with a private key is the best place to store your Tether. The hardware wallet takes the coins offline, so transactions can't request the coins in your wallet. Transferring Tethers to a hardware wallet is similar to sending Tether to someone else. Once you have the public address of the hardware wallet, you send your Tether to that wallet and pay the transaction fees. Once the Tethers are transferred to the hardware wallet, you can disconnect it from the internet and know that your Tethers are now safe. It’s important to keep your wallet, private key, and login information in a secure place to prevent theft. It's also important not to lose your wallet, private key, and login information. If you do, you may not be able to access your Tether. If you don't want to worry about this, you can store your crypto in your Knaken account.

Buy Tether with iDEAL

In addition to Tether, Knaken.nl has a large portfolio of coins like: Raydium,Ethereum, Litecoin, Ripple, Dogecoin, Terra, Shiba Inu, Tether, Polkadot, Chainlink, Stellar Lumens, Tron, Uniswap, Dai, Aave and Algorand.

More information about the Tether price

In addition to all the information about the Tether prices, Knaken.nl has a large portfolio of coins and price information such as the Tether price, Ethereum price, Solana price, Ripple price, Dogecoin price, USD coin price, Tether price, Cardano price, Polkadot price, Chainlink price, Litecoin price, Stellar Lumens price, Axie Infinity price, Tezos price, Ethereum classic price, Decentraland price, Nano price, Loopring price and Cosmos price.

FAQ

Make sure you have an account with Knaken. You can register in the app or on the registration page. Then verify your personal details, and you're ready to buy Tether. You can select Tether in the app or web portal, choose an amount, and pay directly using iDEAL, for example.

Yes, at Knaken, you can easily buy Tether with iDEAL, Credit Card, or Bancontact. Check all the options on our fees page

You can find the current price of Tether at the top of this page.

At Knaken, we believe it\'s important to be as transparent as possible about the fees charged to our customers. You can view these fees for each purchase or sale of Tether. Check out our fees on our fees page.

At Knaken, safety comes first. For years, we have ensured that you can not only buy crypto safely on our platform but also store it securely.

Search for Tether in the app or web portal and select “deposit” in the options. You will see the deposit address where you can send the crypto. Make sure to deposit Tether from a verified wallet address with Knaken.

If you prefer personal assistance, you can sign up for our free transfer service.

Yes, search for Tether in the app or web portal and select the withdraw button in the options. Note that you can only withdraw Tether to a verified wallet address.