Tether (USDT) serves multiple purposes, from facilitating crypto payments to safeguarding funds against cryptocurrency volatility. Purchasing USDT via PayPal offers a secure and convenient method to acquire this stablecoin. This comprehensive guide explores how to trade USDT on centralized exchanges (CEXs) that support PayPal.
Key Considerations Before Buying USDT with PayPal
PayPal is a globally recognized payment platform with hundreds of millions of users. While it integrated cryptocurrencies like BTC, ETH, BCH, and LTC in 2021, USDT is not directly available on its platform. To buy USDT, you’ll need to use third-party CEXs that accept PayPal.
Why Use a CEX?
- Broader Asset Selection: Access USDT and other cryptocurrencies.
- Lower Fees: Competitive trading fees compared to PayPal’s native services.
- Self-Custody Options: Transfer USDT to private wallets (unlike PayPal’s custodial model).
Top 4 Centralized Exchanges to Buy USDT with PayPal
1. AvaTrade
- Availability: Worldwide (excluding the US)
- Fees: No deposit fees for PayPal transactions.
- Regulation: Licensed by nine regulatory bodies.
- Monthly Trading Volume: Over $70 billion.
2. OKX
- Availability: 100+ countries (including the EU).
- Assets: 300+ cryptocurrencies, including BTC, ETH, and SHIB.
- Minimum Deposit: None.
👉 Start trading on OKX
3. YouHodler
- Features: Earn up to 10.3% APY on stablecoin staking.
- Minimum Deposit: $100 (for interest-bearing accounts).
4. Kraken
- Availability: 100+ countries (including the US and EU).
- Reputation: One of the oldest and most secure CEXs (launched in 2011).
How to Buy USDT with PayPal: Step-by-Step Process
We’ll use eToro as an example, but the process is similar across most CEXs.
Step 1: Create an Account
- Sign up on eToro and verify your email.
Step 2: Complete KYC Verification
- Submit ID (passport) and proof of residence (utility bill or bank statement).
- Note: Delayed KYC may lead to automatic position closures.
Step 3: Deposit Funds via PayPal
- Navigate to “Deposit Funds,” select PayPal, and confirm the transaction.
- Minimum deposit: $10 (eToro’s minimum trade size).
Step 4: Buy USDT
- Search for USDT, click “Trade,” and choose market/limit orders.
FAQs
1. Where can I buy USDT with PayPal?
A: OKX, Kraken, YouHodler, and Wirex support PayPal payments.
2. Can I buy USDT directly on PayPal?
A: No. PayPal only offers BTC, ETH, LTC, and BCH.
3. Does Binance accept PayPal for USDT purchases?
A: No. Binance doesn’t support PayPal.
4. Is PayPal safer than CEXs for crypto?
A: CEXs often provide better security features and self-custody options.
Conclusion
Buying USDT via PayPal on CEXs is fast, secure, and cost-effective. While PayPal limits direct crypto purchases, third-party exchanges bridge this gap with competitive fees and advanced trading tools.
For optimal flexibility, consider transferring USDT to a non-custodial wallet like Ledger or Trezor post-purchase.
👉 Explore OKX’s PayPal-friendly platform
Disclaimer: This content is for educational purposes only. Cryptocurrency investments carry risks; conduct independent research before trading.