Buy Tether (USDT) in Australia: Tether (USDT) is the original stablecoin. The Tether whitepaper was first released back in 2012, although the token itself didn’t find widespread use until it was adopted by the exchange Bitfinex in 2015.
At a time when it was difficult for cryptocurrency exchanges to find reliable banking and fiat currency partners, Tether offered a way around the roadblock for the growing crypto industry.
Offering a token that Tether claimed was backed 1:1 with actual US dollars, users could trade USDT without the fiat currency itself having to go anywhere.
Tether claims that USDT is pegged at 1-to-1 with a matching fiat currency and is backed 100% by Tether’s reserves. Users can view the value of USDT tokens on issue versus its total reserves on Tether’s Transparency Page.
It shows the value of USDT tokens on issue versus its total reserves.
Customers should be aware that there have been no formal independent audits of Tether’s purported reserves. Tether releases quarterly reports which contain Tether’s attestations about their consolidated assets and liabilities.
These quarterly reports have shown that Tether’s reserves are made up of cash, cash equivalents (such as U.S. Treasury Bills), short-term deposits, corporate bonds, precious metals, Bitcoin, “other investments” and secured loans.
Tether’s terms of service also allow Tether to delay the redemption or withdrawal of USDT tokens if there is illiquidity, unavailability, or loss of any reserves held by Tether.
Wondering, “How can I buy Tether? Where to buy USDT?” Follow these steps to learn how to buy USDT on CoinJar.
-Install the CoinJar app on iOS or Android. This is the simplest way to access CoinJar’s services and features. You can also use the web version of CoinJar.
-Sign up with CoinJar and verify your ID. This is necessary to comply with the regulations and laws in your country.
You will need to provide some personal information, such as your name, email, phone number, and address. You must also upload a photo of your ID document, such as a passport or driver’s license.
The verification process may take a few minutes or hours, depending on the volume of requests.
-Transfer money into your CoinJar account. You can do this in several different ways, so choose the method that suits you best. You can use bank transfers, you can buy USDT with a card, among other methods.
-You can then use the funds in your account to buy Tether at the market price or place a custom order. CoinJar provides a secure and convenient wallet for storing your Tether USDT and other cryptocurrencies. You can access your wallet from the app or the web.
You can also send and receive the cryptocurrency Tether from other wallets using your CoinJar address or QR code. If you prefer to use a different wallet, you can transfer your Tether USDT from CoinJar to any other compatible wallet.
-Welcome to the Tether USDT club!
See below for frequently asked questions.
Tether (USDT) is a stablecoin designed to maintain a peg to the US dollar, offering stability in the often volatile cryptocurrency market.
USDT can be used to quickly and easily move value between different crypto exchanges, preserve capital during market fluctuations, or trade Tether USD against other digital currencies.
CoinJar offers a fast and secure way to buy Tether USD using a variety of payment methods:
Instant Buy: Buy USDT directly with your debit card or credit card.
Bank Account: Transfer Australian dollars from your bank account.
The price of Tether will fluctuate based on the current cryptocurrency market conditions. CoinJar's fees are transparent and clearly outlined.
Once you have USDT in your CoinJar crypto wallet, you can trade it against other cryptocurrencies offered on the platform.
Yes, CoinJar employs robust security measures to protect your funds and personal information.
Your information is handled in accordance with CoinJar’s Collection Statement.
CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.
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