When looking to buy Tether (USDT) in New Zealand, it’s critical to understand more about this cryptocurrency, including the available payment methods and some of the most frequently asked questions related to this process. Join us below as we go into the details.

What is Tether (USDT)?

Tether (USDT) is a cryptocurrency created to ensure a stable price point to U.S. dollar at all times. The company behind this project, Tether Limited, states that each USDT token is worth nearly $1.00 U.S., backed by the same amount in physical reserves.

Tether actively works to keep the USDT valuation stable through market mechanisms. In addition to offering transparency, stability and low fees, USDT’s main purpose is to bridge the gaps between fiat currencies and blockchain.

Tether is a globally recognized cryptocurrency with a long history. As a result, it holds a legitimacy that few projects have been known to achieve. Numerous vendors and protocols within the blockchain ecosystem accept USDT as a payment method and means of exchange.

Thanks to its significant physical reserves, Tether has yet to be essentially impacted by Black Swan events (unexpected occurrences that impact the global financial markets, such as the COVID-19 pandemic, or the 2008 financial crisis).

Where to buy USDT in New Zealand?

New Zealand crypto enthusiasts can buy Tether (USDT) across numerous reputable crypto exchange platforms, with several intuitive avenues at their disposal. 

In the case of CEX.IO, it’s more than just a crypto exchange or trading platform. CEX.IO is a comprehensive ecosystem of products and services that facilitates access to the world of digital finance for eligible participants.

CEX.IO empowers users to interact with the emerging digital economy in numerous ways. For instance, users can trade and convert a range of digital asset pairs and purchase crypto with a bank transfer. Eligible participants can also save and stake crypto,* complete with a airdrops and giveaways.

Additionally, users can access the cryptocurrency market and transact crypto intuitively and effortlessly via a preferred web browser or the CEX.IO App.

When looking to buy USDT in New Zealand, this token is available through the CEX.IO Instant Buy service, and the CEX.IO Wallet’s Convert feature in numerous pairs.

*CEX.IO Savings and Staking are currently not available in the U.S. Check the list of supported jurisdictions here.

Available payment methods to buy USDT on CEX.IO in New Zealand

Buying USDT across the CEX.IO product ecosystem for New Zealand users requires having a verified account, which empowers you to seamlessly integrate a variety of payment methods for crypto transactions. The required steps for buying this token are straightforward, and we’ve described them below for added convenience.

However, before we get into the how to buy USDT at CEX.IO in New Zealand, here are the payment methods you can use for crypto transactions within our ecosystem:

• Credit/debit card;
• Bank account;
• Apple Pay, Google Pay;
• PayPal*;
• Prepaid card;
• Skrill.

*PayPal is currently available only for users from the U.S. 

Step-by-step guide on how to buy USDT on CEX.IO using a credit/debit card

The most straightforward method to buy USDT on CEX.IO in New Zealand is to link and use a credit or debit card with our Instant Buy service, which requires these steps:

1. Go to Instant Buy;
2. Select USDT from the list of available currencies;
3. After entering the amount you wish to purchase, click Buy;
4. On the Add Funds page, click Select Payment Method to choose a linked card to proceed;
5. After verifying all transaction information, and conducting a personal risk assessment, confirm your purchase. 

FAQ

How long does it take to buy Tether?

The process of buying Tether on CEX.IO in New Zealand depends on numerous factors. Typically, they include your internet connection speed, network congestion, and the like. Regardless, the entire process is straightforward and shouldn’t take more than a few minutes.

What are the fees for buying USDT?

Various cryptocurrency exchanges may require varying fees associated with buying USDT. These may include trading fees, deposit/withdrawal fees, or network transaction fees.

Do I need a USDT wallet?

Most cryptocurrency wallets support USDT as a stablecoin, meaning there shouldn’t be a need to create a USDT-specific crypto wallet. The most straightforward solution is to use the CEX.IO Wallet, which supports USDT and numerous other cryptocurrencies.