USDT 101: How to Buy, Swap, and Transfer USDT

USDT (USD Tether) stands as one of the most widely used U.S. dollar-pegged stablecoins today. Its low volatility and USD peg make it a favorite among traders and a staple in trading pairs across major crypto exchanges like OKX.

Issued by Tether, USDT is backed by equivalent reserves of USD and other assets. It operates on multiple blockchains, including Ethereum, Tron, Solana, Algorand, and BSC, offering flexibility and convenience.

Why Use USDT?

• Store of Value: Traders hold USDT to quickly enter markets without repeated deposits.
• Fast Transfers: Low-cost, cross-border value transfers.
• Multi-Chain Utility: Accessible across diverse blockchain ecosystems.

How to Buy USDT

USDT is available on most exchanges, including OKX, via both web and mobile platforms.

Buying USDT on OKX Website

1. Sign Up: Create and verify your OKX account.
2. Navigate to "Buy Crypto": Select "Express Buy."
3. Enter Amount: Specify USD or USDT quantity.
4. Payment Method: Choose from P2P, Apple Pay, Visa, etc. (varies by region).
5. Confirm Purchase: Follow payment instructions; USDT deposits instantly.

👉 Start buying USDT on OKX today

Buying USDT via OKX Mobile App

1. Download the App: Available for iOS and Android.
2. Log In/Register: Complete identity verification.
3. Select "Buy" or "P2P": Enter USDT amount and payment details.
4. Complete Transaction: USDT arrives in your wallet post-payment.

How to Swap USDT

On OKX Web Platform

1. Go to "Trade" > "Convert".
2. Select Tokens: Set "From" as USDT, "To" as desired asset.
3. Enter Amount: Auto-calculates equivalent value.
4. Execute Swap: Tokens transfer instantly.

On OKX Mobile Wallet

1. Open "Wallet" > "Trade" > "Swap".
2. Set Parameters: Choose chain, input/output tokens.
3. Approve & Swap: Confirm transaction; receive new tokens.

On DeFi Platforms

1. Connect Wallet: Use OKX DEX aggregator.
2. Select Networks/Tokens: Ensure compatibility.
3. Adjust Slippage (if needed) and approve swap.

How to Transfer USDT

From OKX Account

1. Navigate to "Assets" > "Withdraw".
2. Enter Details: Address, network (e.g., ERC-20), amount.
3. Authenticate: Complete security checks.

From OKX Wallet (Browser/Mobile)

1. Select USDT > "Send".
2. Input Recipient Address and amount.
3. Confirm Network/Fee and finalize.

FAQ

1. Is USDT safe to use?

Yes, USDT is backed by reserves and widely audited for transparency.

2. What networks support USDT transfers?

Ethereum, Tron, Solana, and more. Always match sender/receiver networks.

3. Why swap USDT on OKX instead of DeFi?

Lower fees, no slippage, and integrated security.

4. Can I buy USDT with a credit card?

Yes, on OKX via supported payment methods.

5. How long do USDT transfers take?

Typically minutes, depending on network congestion.

Final Thoughts

Mastering USDT transactions empowers seamless crypto trading. Whether buying, swapping, or transferring, OKX offers user-friendly tools for beginners and pros alike.

👉 Explore advanced USDT strategies on OKX

For deeper insights, read our USDT explainer or try OKX Shark Fin for principal-protected earnings.