Can I buy Tether (USDT) on BingX?
Yes, you can buy Tether on BingX instantly using Quick Buy with Visa, Mastercard, Apple Pay, or Google Pay via partners like MoonPay and Alchemy Pay. Alternatively, trade /USDT or /USDC in the Spot market or convert other cryptocurrencies to via the Convert tab.
What’s the minimum amount to buy Tether on BingX?
The minimum amount to buy USDT on BingX is $10 USD.
How much USDT can I buy for $100?
Since USDT is pegged to the US dollar, $100 usually gives you about 100 USDT on BingX. The actual amount may vary slightly based on real-time rates and fees.
Is it safe to buy Tether on BingX?
Yes, BingX uses industry-standard security measures like cold wallets, two-factor authentication, and encryption to safeguard your Tether. All the assets are transparent and secure with our 100% Proof of Reserves (PoR).
What are the trading fees for buying Tether on BingX?
BingX's spot trading fees start at 0.10% per trade and can be reduced based on your 30-day trading volume and VIP tier. Learn more about BingX trading fees.
Do I need to complete KYC to buy Tether on BingX?
Yes, completing KYC ensures regulatory compliance, enhances security by verifying your identity, unlocks full trading features on BingX, and enables you to withdraw funds from your account.
How can I safely store my Tether (USDT)?
Keep your Tether safe in your BingX wallet with easy access to spot, futures and other flexible trading features all in one place. For full custody, you can also use a hardware wallet like Ledger or Trezor or a Web3 wallet such as Trust Wallet or Exodus.
Can I buy USDT with USD on BingX?
Yes, completing KYC ensures regulatory compliance, enhances security by verifying your identity, unlocks full trading features on BingX, and enables you to withdraw funds from your account.
Is cashing out USDT taxable?
Yes, cashing out USDT, whether by converting it to fiat like USD or swapping it for another cryptocurrency, may be considered a taxable event, depending on your country’s tax laws. While USDT is pegged to the dollar, many regions still treat it as a crypto asset, which could trigger capital gains tax. Always check with a tax professional or local regulations to understand your specific obligations.