If you are new to the world of cryptocurrencies and want to buy USDT in Saudi Arabia using the Binance platform, this guide is specially prepared for you! In this guide, we will explain to you what USDT is and provide you with the steps to buy USDT, starting from creating an account on the platform and ending with successfully purchasing USDT! What is the digital dollar (USDT)? USDT is a stablecoin (a digital currency with a fixed value) that reflects the price of the US dollar, issued by the Hong Kong-based Tether company. The digital currency is linked to the US dollar by maintaining an amount of dollars in reserves equal to the number of USDT in circulation. Originally launched in July 2014 as Realcoin, it is a layer-two cryptocurrency token built on top of the Bitcoin blockchain using the Omni platform, later renamed to USTether, and finally to USDT. The purpose of USDT is to combine the non-restrictive nature of digital currencies (which can be sent between users without a trusted third-party intermediary) with the stable value of the US dollar.
1. Create a free account on the Binance website or via the app. One of the first steps that any user must take when starting to use the platform is to create an account and complete the identity verification process, in order to ensure the safety and security of the platform’s users. Register via the Binance app Register via the website using email and mobile phone number
2. Choose how to buy Tether USDT. Click the “Buy Crypto” link at the top of the Binance website to see the options available to buy Tether USDT in your country. For better compatibility with currencies, you may want to consider purchasing a stablecoin first, and then using it to buy Tether USDT. A. Buy Tether USDT with Debit/Credit CardIf you’re new to the platform, this is the easiest way to buy Tether USDT. Go to the Binance Buy Tether USDT with Dollar page. Select Tether USDT and USD from the drop-down menu. Select “Card” as your payment method, and click “Confirm.” If you haven’t previously purchased crypto with a debit or credit card on Binance, you’ll be presented with the “Add New Card” option. Enter your card details and click “Confirm.” On the payment confirmation page, check the details and confirm the order within the given time limit. Use “Refresh” to get a new offer. Click “Confirm” to complete the order. You’ll be taken to your bank’s OTP page. Follow the instructions to verify the payment. Once verified, the coin will appear in your Spot Wallet. B. Buy Tether USDT with Google Pay or Apple Pay Go to the Tether USDT to USD buy page on Binance. Select Tether USDT and USD from the drop-down menu. Select “Google Pay” or “Apple Pay” as your payment method and click “Confirm.” Click the “Buy” button. On the payment confirmation page, check the details and confirm the order within the specified time limit.Use “Refresh” to get a new offer. Click “Confirm” to complete the order. The coin will appear in your Spot Wallet. C. Peer-to-Peer (P2P) Trading Buy Tether USDT directly from other users via Binance’s P2P service. Go to the Binance P2P page to buy Tether USDT. Select your preferred local currency, click on “USDT” trading pairs, and choose from the supported payment methods. Start trading according to the instructions displayed on the page. For more details, read the “How to Buy P2P on Binance” guide. D. Third-party Payments There are multiple options for third-party payment channels. Please visit the Binance FAQ section to check the options available in your region.
3. Check payment details and fees. You have one minute to confirm your order at the current price. After one minute, your order will be recalculated based on the current market price. You can click "Refresh" to see the new order amount.
4. Store or use Tether USDT on Binance. Now that you have purchased the cryptocurrency, you can store it in your own wallet or keep it in your Binance account. You can also trade other cryptocurrencies or invest it via the Binance Earn service to get automatic income. If you want to trade Tether USDT on a decentralized exchange, you can use Trust Wallet which supports millions of assets and networks. Here we come to the end of the article on buying USDT in Saudi Arabia. We hope that you found it useful and enjoyable. What topic would you like us to discuss with you? Share your opinion with us in the comments.