How to Buy Tether (USDT) in Colombia

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Tether (USDT) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find (USDT) Tether

Once your deposit has been confirmed, you'll immediately have access to your assets and you can commence invest and trading. To invest in (USDT) Tether on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To find (USDT) Tether, you'll need to insert the shortname of the coin (USDT) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we have marked this also. Click on “USDT/BTC” to go ahead.

Step 4 – Purchasing (USDT) Tether

After you've spotted (USDT) Tether, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order.

The “Price” field will be filled with the recent rate (USDT) Tether was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of USDT you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole volumen of USDT.

If you are happy, make a mouse click on “Buy USDT”. Your order will be filled when a Vendor sells their USDT for the price you offered.

Step 5 – Withdraw Tether (USDT)

Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an longer period of time. In order to take off your (USDT) Tether, go to the tab called “Funds” and mouse click on “Withdraw”. Tether (USDT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Tether (USDT) by using the provided drop-down box. Enter the volumen of (USDT) Tether you'd like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congrats! You have successfully bought and safed Tether (USDT) in Colombia.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Tether (USDT) is stored inside your wallet, you are done.