Your Complete Guide to Buying USDT on Binance US
USDT (Tether) is the world’s largest stablecoin, pegged 1:1 to the US dollar, making it essential for crypto trading, transfers, and hedging against volatility. Binance US offers a secure, regulated platform to buy USDT with low fees and high liquidity. This step-by-step guide covers everything from account setup to transaction execution, ensuring you can safely purchase USDT in minutes.
Step-by-Step: How to Buy USDT on Binance US
- Create & Verify Your Account: Sign up at Binance US with your email and password. Complete KYC verification by submitting ID documents (driver’s license/passport) and a selfie for approval (takes 1-3 days).
- Deposit Funds: Navigate to ‘Wallet’ > ‘Deposit USD’. Choose ACH bank transfer (fee-free) or wire transfer. Minimum deposit: $10. Funds typically clear in 3-5 business days.
- Navigate to Trading Interface: Click ‘Trade’ > ‘Classic’ view. Search for “USDT” and select the USD/USDT trading pair.
- Place Your Order:
- Market Order: Buy instantly at current price (ideal for beginners)
- Limit Order: Set your desired USDT price (better for large purchases)
- Confirm Purchase: Enter the USD amount you wish to spend. Review fees (0.1% spot trading fee) and click “Buy USDT”. Transaction completes in seconds.
- Secure Your USDT: Store in your Binance US Spot Wallet or withdraw to an external wallet via ERC-20/TRC-20 networks (withdrawal fee: $1-15).
Key Considerations Before Buying
- Fees: 0.1% spot trading fee (discounted with BNB holdings), free USD deposits via ACH, $15 wire deposit fee, and network fees for withdrawals.
- Security Tips: Enable 2FA, use whitelisted withdrawal addresses, and never share API keys. Binance US holds 1:1 USD reserves for USDT.
- Order Types: Use limit orders during high volatility to avoid slippage. Market orders guarantee speed but not price.
- Tax Implications: USDT purchases aren’t taxable, but converting to other cryptocurrencies triggers capital gains reporting.
FAQ: Buying USDT on Binance US
Q: What payment methods can I use?
A: ACH bank transfer (free), wire transfer ($15 fee), or existing crypto balances. Credit/debit cards aren’t supported.
Q: Is there a minimum purchase amount?
A: Minimum trade: $10 USD. Minimum withdrawal: 25 USDT ($1 network fee for TRC-20, $15 for ERC-20).
Q: How long do deposits take?
A: ACH: 3-5 business days. Wire transfers: 1 business day. Crypto deposits: ~15 network confirmations.
Q: Can I buy USDT without KYC?
A: No. Binance US requires full identity verification to comply with U.S. regulations.
Q: Why choose Binance US over other exchanges?
A: Competitive fees (0.1% vs. Coinbase’s 0.6%), high liquidity ensuring minimal price slippage, and robust regulatory compliance.
Q: What networks support USDT withdrawals?
A: ERC-20 (Ethereum), TRC-20 (Tron), and BEP-20 (BNB Smart Chain). TRC-20 offers lowest fees ($1).
Q: Are there purchase limits?
A: Yes, based on account tier. Basic verified accounts: $5,000/day. Higher tiers require additional documentation.
