What is USDT and Why Buy It on Crypto.com?
USDT (Tether) is a stablecoin pegged 1:1 to the US dollar, offering crypto traders stability amid market volatility. Crypto.com provides a secure, user-friendly platform to buy USDT with competitive fees, multiple payment options, and robust security features. With over 80 million users, it’s ideal for beginners seeking a straightforward way to enter the crypto market.
Step 1: Create Your Crypto.com Account
- Download the Crypto.com App from iOS App Store or Google Play
- Tap ‘Sign Up’ and enter your email and password
- Verify your email through the confirmation link
- Enable two-factor authentication (2FA) for enhanced security
Step 2: Complete Identity Verification (KYC)
- Navigate to ‘Profile’ > ‘Verification’
- Select your country and document type (passport, ID, or driver’s license)
- Take clear photos of your ID and a selfie
- Wait for approval (typically 15-30 minutes)
Step 3: Deposit Funds
Crypto.com offers multiple deposit methods:
- Bank Transfer: Link your bank account via Plaid (US users) or use wire details
- Credit/Debit Card: Instant purchases with 2.99% fee (Visa/Mastercard)
- Crypto Deposit: Transfer existing crypto from external wallets
Step 4: Buy USDT
- Tap ‘Buy’ on the app’s home screen
- Search for ‘USDT’ in the cryptocurrency list
- Enter the USD amount or USDT quantity you want
- Select payment method (card, bank balance, or crypto wallet)
- Confirm transaction details and complete purchase
Step 5: Secure Your USDT
- Crypto.com Wallet: Keep USDT in your app wallet for quick access
- DeFi Wallet: Transfer to Crypto.com’s non-custodial wallet for full control
- Hardware Wallet: For large holdings, use Ledger or Trezor via DeFi Wallet integration
Tips for Buying USDT on Crypto.com
- Use limit orders during high volatility for better pricing
- Enable price alerts to track USDT/USD fluctuations
- Check for fee-free promotions in the ‘Rewards’ section
- Start with small test transactions before large purchases
Frequently Asked Questions
Q: What are Crypto.com’s USDT purchase fees?
A: Card purchases cost 2.99%. Bank transfers are free, but network fees may apply for crypto deposits.
Q: Can I buy USDT without KYC verification?
A: No, Crypto.com requires full KYC compliance for fiat deposits and crypto purchases.
Q: How long does USDT withdrawal take?
A: App-to-app transfers are instant. External wallet withdrawals take 5-30 minutes depending on network congestion.
Q: Is there a minimum USDT purchase amount?
A: Yes, minimums start at $20 USD equivalent for card purchases and $1 for bank transfers.
Q: Can I earn interest on USDT at Crypto.com?
A> Yes, through Crypto Earn with up to 10% APY for flexible terms or higher for fixed staking.
Conclusion
Buying USDT on Crypto.com takes under 10 minutes once verified. With its intuitive interface and multiple funding options, it’s an excellent choice for both new and experienced crypto users. Always prioritize security by enabling 2FA and verifying transaction details before confirming purchases.
