What is Tether & Where To Trade It

Below is the Best10 Team's choice of the best Tether Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.

Best10 selects

Broker
Features
Our Score
Visit Site
Best Provider 2021
  • $200 Min. Deposit
  • 24/7 Trading
  • CySEC & FCA Regulated

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Most Popular Choice
Visit Broker
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
3000+ Stocks
$200 Minimum Deposit
Mobile App
  • No.1 trading app in the UK and Germany
  • Regulated by FCA
  • Zero commission stock trading service

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Most Popular Choice
Visit Broker
Your capital is at risk
10K+ Global Stocks
$10 Minimum Deposit
Mobile App
  • Low spreads
  • No commissions
  • Fast execution.

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Most Popular Choice
Visit Broker
Your capital is at risk. Other fees may apply.
2000+ Instruments
£100 Minimum Deposit
Mobile App
  • Currently unregulated
  • Low trading fees
  • Mobile and desktop apps available
  • Registered in Saint Vincent and the Grenadines

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Most Popular Choice
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Your capital is at risk
All Main Cryptos
$100 Minimum Deposit
Mobile App

What is Tether?

Tether is supposedly a US Dollar-backed cryptocurrency. Each Tether coin is backed by a single dollar bill. However, Tether's parent company have not audited this, and no evidence is forthcoming. That said, the idea is to help create a fast payment system based on rigid exchange rate norms between the crypto and the dollar - making it a great payment platform for USD.

Why the big fuss?

The Tether Network is based on the Omni Layer Protocol and it has the following advantages:

  • Tether has an open blockchain technology with a traditional currency backing helping to provide a stable digital currency experience.
  • Tether is a medium of exchange that allows you to store, send and receive digital tokens that are totally secure yet pegged to the US Dollar for clarity during the conversion experience.
  • Tether's blockchain, based on the Omni Layer Protocol, helps to keep transaction times and costs down due to the speed of the network and the transfer process itself.

What can I buy with Tether?

Not much - but Tether-based pre-paid debit card providers, due to the dollar pegging, have created Tether debit cards that allow users to literally buy anything they want. Long-term, Tether wants to roll-out a global payment network with online and offline retail partners

Where can I buy, sell or trade Tether?

We recommend you buy, sell or trade Tether through a trusted broker. Our favourite is at the top of this page.

Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Before deciding to trade in financial instruments you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Best10Stockbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Best10Stockbrokers and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Best10Stockbrokers and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Best10Stockbrokers may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.