Tether (USDT) is a globally traded stablecoin pegged to the US dollar, widely used for cryptocurrency trading and NFT purchases. As of 2022, it boasts a market cap exceeding ¥9 trillion. However, USDT isn't available on Japanese exchanges, leaving many unsure where to buy it. This guide simplifies the process, covering purchase methods, pricing, and chain switching.
How to Buy Tether (USDT)
Purchase Exclusively on Overseas Exchanges
| Exchange | USDT Conversion Fee | USDT Transfer Fee | Credit Deposit |
|---|---|---|---|
| Binance | Free | 0.23–4 USDT | Supported |
| Bybit | Free | 4 USDT | Supported |
Key Points:
- USDT is only available on overseas platforms like Binance (recommended for high liquidity and low fees) or Bybit.
- Japanese users must transfer crypto from a domestic exchange (e.g., Bitbank) to an overseas account.
Step-by-Step Purchase Process
- Open a domestic exchange account (e.g., Bitbank) and complete identity verification.
- Buy transfer-friendly crypto like XRP or ETH (low-fee options).
- Send crypto to an overseas exchange (Binance/Bybit) and convert to USDT.
👉 Start trading USDT today on Binance
Buying USDT on Binance
Method 1: Crypto Conversion
- Deposit crypto (e.g., XRP) into Binance.
- Navigate to "Wallet Overview" → select the crypto → click "Convert."
- Enter the amount to swap for USDT.
Method 2: Credit Card Purchase
- Fees: ~2%. Navigate to "Buy Crypto" → select credit/debit card → enter JPY/USDT amount.
Buying USDT on Bybit
- Transfer crypto (e.g., ETH) to Bybit.
- Go to "Assets" → "Spot" → transfer funds to "Derivatives."
- Use the "Exchange" feature to swap crypto for USDT.
How to Switch USDT Chains (Networks)
Why Switch Chains?
NFT marketplaces often require specific networks (e.g., Polygon). Mismatched chains render USDT unusable.
Steps to Switch to Polygon:
- Install MetaMask and secure your recovery phrase.
- Add Polygon Network to MetaMask.
- Send USDT to your MetaMask address.
- Use Polygon Bridge to transfer USDT to Polygon chain.
USDT Pricing and Minimum Purchase
- Current Rate: ~¥141 per USDT (pegged to USD).
- Minimum Purchase: Varies by exchange (e.g., Binance allows small fractional buys).
Key Considerations When Buying USDT
- Use disposable income: Avoid spending essential funds.
- No Japanese exchanges: Trade only on overseas platforms; monitor regulatory updates.
- Prepare a domestic exchange account: Needed to cash out profits (convert USDT to crypto → transfer to Japan).
FAQs
Can I buy USDT on Japanese exchanges?
No. Use platforms like Binance or Bybit.
What’s the best wallet for USDT?
MetaMask, compatible with NFT platforms and games.
Can I stake USDT?
Yes. Binance and Bybit offer flexible staking options.
Conclusion
USDT is essential for crypto trading and NFT purchases but requires overseas exchanges. Follow this guide to buy, switch chains, and trade confidently. Always prioritize security and compliance.