How to Buy Tether (USDT) in Iceland

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

Step 1 – Join Kraken

You will first need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

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

Make sure you have selected the correct coin you wish to deposit.

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

Step 3 – Find Tether (USDT)

Once your deposit has been affirmed, you'll directly have access to your funds and you can initiate purchasing and trading. To buy (USDT) Tether on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to find Tether (USDT), you'll need to put the cointype (USDT) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've highlighted this also. Click on “USDT/BTC” to go ahead.

Step 4 – Buying (USDT) Tether

As soon as you have located (USDT) Tether, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our Limit Order.

The “Price” field will be filled automatically with the up-to-date tariff (USDT) Tether was sold for. This can be changed to your desired price. The “Amount” field is the volumen of USDT you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of USDT.

If you're satisfied, click on “Buy USDT”. Your plan will be filled as soon as a Vender trades their USDT for the price you introduced.

Step 5 – Withdraw (USDT) Tether

Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To take off your Tether (USDT), hover over the “Funds” tab and mouse click on “Withdraw”. Tether (USDT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDT) Tether by using the provided drop-down box. Enter the quantity of Tether (USDT) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Kudos! You have successfully purchased and stored Tether (USDT) in Iceland.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Tether (USDT) is stored within your wallet, you're done.
/* */