Tether (USDT) is one of the most popular stablecoins on Binance, pegged to the value of the US dollar, making it ideal for trading operations and transfers. Below, I explain the main ways to manage USDT on the Binance platform:
1. Buying USDT on Binance
There are several ways to acquire Tether on Binance:
With debit/credit card
1. Log in to Binance and select 'Buy now' on the main page
2. Enter the amount in your fiat currency that you wish to spend
3. Choose USDT as the cryptocurrency to buy
4. Select payment with Visa/Mastercard and enter your card details
5. Verify the details and confirm the transaction
With cash balance
1. From the main page, select 'Buy now'
2. Enter the amount to spend
3. Choose 'Cash Balance' as the payment method
4. Confirm the details and complete the purchase
Through P2P (Peer to Peer)
1. Access the P2P section from the main menu
2. Enter the amount of USDT you wish to buy
3. Choose a seller with a good track record and the payment method you prefer
4. Transfer the funds to the seller within the established time frame
5. The seller will release the USDT to your Spot wallet once payment is confirmed
2. Deposit and withdrawal of USDT
To deposit USDT:
1. Go to 'Spot Wallet' in the top menu
2. Select 'Deposit' next to USDT
3. Choose the correct blockchain network (Ethereum, Tron, etc.)
4. Copy the deposit address or scan the QR code
5. Send the USDT from your external wallet
To withdraw USDT:
1. In 'Spot Wallet', select 'Withdraw' next to USDT
2. Enter the destination wallet address
3. Carefully select the blockchain network (must match the destination one)
4. Confirm the amount and complete the transaction
3. Trading with USDT on Binance
Binance offers multiple ways to operate with USDT:
Easy trading (Convert)
1. Select 'Trade' > 'Easy' in the top menu
2. Choose the cryptocurrency you want to exchange for USDT or vice versa
3. Enter the amount and preview the conversion
4. Confirm the operation
Advanced spot trading
1. Access 'Trade' > 'Advanced'
2. Select the trading pair (e.g. BTC/USDT)
3. Use the interface with charts and order book
4. Choose order type (market, limit, etc.)
5. Execute your buy/sell operation
4. Important considerations
- Identity verification: To buy
USDT with fiat methods or increase withdrawal limits, you need to complete KYC (identity verification)
- Blockchain networks: USDT exists on multiple networks (Ethereum, Tron, etc.) - make sure to use the correct one for deposits/withdrawals
- Security: Enable two-factor authentication (2FA) and use secure passwords to protect your account
- Fees: Binance charges different commissions depending on the payment method and type of operation