How to Buy Tether (USDT) in Cayman Islands

A Step-by-Step-Guide on how to buy Tether (USDT) in Cayman Islands

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and getting your first $10.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tether (USDT) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (USDT) Tether

Once your deposit has been confirmed, you'll instantly have access to your assets and you can begin invest and trading. To buy (USDT) Tether on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

To locate (USDT) Tether, you will need to insert the cointype (USDT) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “USDT/BTC” to go on.

Step 4 – Buying Tether (USDT)

After you have discovered Tether (USDT), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The “Price” field will be automatically filled with the up-to-date rate (USDT) Tether was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of USDT you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of USDT.

When you are happy, click on “Buy USDT”. Your order will be filled when a Vender trades their USDT for the price you submitted.

Step 5 – Withdraw (USDT) Tether

Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Tether (USDT), go to the “Funds” tab and click on “Withdraw”. Tether (USDT) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDT) Tether by using the provided drop-down box. Drop in the amount of Tether (USDT) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You've successfully purchased and safed (USDT) Tether in Cayman Islands.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Tether (USDT) is stored in your wallet, you're done.