Tether tokens have been among the most popular cryptocurrencies among traders for years. It’s what’s known as a stablecoin, which means that every digital token is backed by a real-world currency such as US dollars or Euros. As a result, many traders exchange their cryptos for Tether to prevent losing money in the long run.
At the moment of writing this guide, Tether is the 4th highest-ranking crypto in terms of market capitalization. Its current market cap is over $75 billion, so it’s one of the best cryptos to invest in. There are many markets and payment options you can choose from, but if you purchase Tether with PayPal, you’ll get some benefits. This guide is aimed to help you understand how to buy Tether with PayPal and why that’s a good idea.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to buy Tether With PayPal – Quick Steps
We’ll explain this process in more detail below, but if you’re looking for a quick overview of how to buy Tether with PayPal, here it is. We recommend buying your Tether tokens on eToro, as it’s the best platform for beginners.
- Create an eToro account – Open your browser and go to the official eToro website. Next, click the ‘Join Now’ button in the top-right corner and enter the requested information. Next, select a username and password and move on to the next step.
- Verify your account – The platform will ask you to provide proof of ID and address. Upload a photo of your passport, ID, driver’s license, and bank statement.
- Make a deposit using PayPal – After you’ve verified your account, you can add funds to buy Tether or other cryptos. Click on the “Deposit Funds” option and select PayPal from the menu. Follow the instructions and load your account.
- Buy Tether – Type Tether in the search bar and click ‘Trade.’ The minimum investment is $10. Click ‘ Open Trade ‘ to complete the purchase once you’ve selected how much money you want to spend.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Tether?
Tether or USDT is what’s known as a Stablecoin. It’s a digital token backed by real-world currencies such as US dollars or Euros. That means that one token has a minimum price of 1 dollar. Tether tokens belong to a blockchain network that shares the same name.
Tether has the fifth-largest market capitalization among all cryptos. The current market cap is over $82 billion, which is an increase of more than $15 billion since the beginning of 2022. The token is becoming more and more popular among crypto traders who exchange other cryptos to Tether to stop them from losing value.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why Buy Tether with PayPal?
Platforms like eToro give you multiple options for adding funds to your account. That includes the standard options such as bank transfers and debit/credit cards. Still, some also allow you to load your accounts using PayPal. You might ask yourself why you would load an account with PayPal and not other available methods?
The option will give you some significant benefits that can help you save money in the long run. Here are the main benefits you can expect to get.
Fast Transactions
Suppose you want to make money trading cryptocurrencies, every second counts. The markets are incredibly volatile. Having an option that allows you to load your account and purchase tokens at the lowest price can help you increase your return. Bank transfers and credit card payments, on the other hand, take at least an hour to go through, while payments through PayPal become available instantly.
You want to make payments through the fastest channels in a market where every second counts. Otherwise, you’re going to miss plenty of great opportunities and lose money. PayPal’s fast transactions work both ways, meaning that you’ll get the money you withdraw from a crypto market within 24 hours.
Great Security
Cybersecurity has been plaguing crypto markets from day one. Only the platforms with the latest security features and insurances can vouch for the safety of your digital assets and sensitive information. If you make your deposits through PayPal, you don’t have to worry about cybersecurity.
PayPal is the largest platform for making online payments, and as such, it’s got top-notch security features. The platform uses the latest 256-bit encryption and a two-step login, so it’s much safer than other options. In addition, PayPal is one of the most popular payment options among crypto-traders because it informs users about every change made to their profile through emails. So if something does go wrong, users can simply terminate money transfers.
User-Friendly Experience
PayPal has been working hard to create an effortless user experience for years. As a result, it became one of the most accessible platforms for online money transfers. There are no complicated steps or extra effort required to make payments through PayPal. Moreover, suppose you buy your Tether and other cryptos on eToro. In that case, you can link your PayPal account directly and make deposits in seconds. With PayPal, you’re always only a few clicks away from buying the cryptos you want.
Multiple Currency Support
PayPal supports over 25 different currencies, which is one of the reasons why the platform has millions of daily users. In addition, you can quickly transfer your money from one currency to another without a third-party website. That can make your life much easier if you live outside of the USD payment zone.
Excellent Mobile App
Lastly, you can use PayPal’s mobile app to buy Tether tokens on the go. The app is even easier to use and allows you to complete any type of money transaction anywhere. As long as you have a smartphone and access to the internet, you’ll be able to load your account and purchase the cryptos you want at any time.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where To Buy Tether With PayPal?
If you want to buy Tether tokens with PayPal, you must know which marketplaces support the platform as a payment option. Out of the hundreds of marketplaces you can join, only a few list PayPal as an option. We did extensive research to make choosing the right platform easier for you. Here are the top three choices we’ve found so far.
- eToro – The Best Place to Buy Tether Overall
- Binance – The Largest Digital Asset Marketplace
- Webull – Top Tether PayPal Broker With Low Fees
1. eToro – The Best Place to Buy Tether Overall
eToro has been building a name among crypto marketplaces in the past few years. It has grown to an impressive 25-million active users, mainly because it’s one of the most regulated crypto exchanges in the world. The exchange is fully regulated by multiple governments and most regulatory bodies, including FINRA, FCA, FCA, FinCEN, and others. As a result, your investments and cryptos are kept safe, so you don’t have to worry about fraud or scammers.
The platform also has one of the lowest fees for loading accounts using PayPal. Users don’t have to pay fees for making deposits or making transactions. Anyone can create an account and start trading cryptos after making the first deposit of at least $10.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Binance – The Largest Digital Asset Marketplace
Binance is the largest crypto exchange in the world. It offers users more than 500 digital assets and access to multiple markets, stocks, futures, and other investment options. Every transaction will cost you only 0.1%, but that’s a small price for the many features and helpful reading material you can access when joining Binance.
Binance has its native coin called Binance Coin or BNB. It’s also a stablecoin, just like Tether, and it makes it easy to exchange various cryptos at the lowest fees. Crypto holders can invest their assets and set up passive income using the “Binance Earn” feature.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Webull – Top Tether PayPal Broker With Low Fees
Webull is another popular crypto exchange that accepts PayPal as a payment option. It’s one of the best-rated crypto marketplaces in the US, and it’s also regulated by FINRA and SEC. Webull is an excellent option because active traders don’t have to pay commission fees.
The platform supports Tether among the 25 available digital assets. It also comes with an app that makes trading cryptos much easier. Users also access helpful information such as future price predictions, pricing charts, and other details.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Tether with PayPal on eToro – Step by Step Guide
Here’s a quick overview of the steps you have to take when creating an eToro profile. The process doesn’t take more than a few minutes, and once your account is verified, you can start trading cryptos and other assets right away.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 1: Create an account on eToro
Open the official eToro website on your device and click on the ‘Sign Up’ button in the top-right corner.
Enter the required information that includes your phone number, email address, name, address, password, etc.
You can also use your Facebook or Google accounts to speed up the process.
Step 2: KYC and Verification
Once you’ve provided all essential information, you will also have to provide proof of identity by uploading a photo of your driver’s license, passport, or ID. You have to complete this step, or you won’t be able to start using the platform.
Step 3: Deposit funds directly through PayPal
After your ID has been verified, you can make your first deposit. You will see that there are multiple options for making deposits, so browse through the menu and select PayPal. Next, choose the amount of money you want to deposit, and it will appear in your eToro wallet.
Step 4: Buy Tether
You can now buy Tether tokens from the offer. Type ‘Tether’ into the search bar and input the amount of money you want to invest. Complete the purchase by clicking ‘Open Trade,” and your Tether tokens will appear in your eToro wallet.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to buy Tether With PayPal – Conclusion
The guide above answers how to buy Tether with PayPal on the best cryptocurrency marketplaces in the world. Follow the instructions, create an account on eToro, and you can start buying and selling Tether and many other cryptos immediately.
We recommend that you start your career as a crypto trader on eToro, as it’s the most regulated platform created according to the best practices. It’s easy to use, even if you’re a beginner, and has lower fees than most other crypto marketplaces. EToro is a safe platform that gives you plenty of investment options and educational material to help you get the most out of your investments. We wish you the best of luck in your future crypto-trading efforts!