Tether

The Top 3 Regulated Tether Brokers

Rank

Broker

Rating

Coins

Offer

Start Trading

1


24option_logo2

5 Star Rating

10


  • £100 Min. Deposit
  • Award Winning
  • Trading Incentives
  • Multiple Instruments

Visit Site

2


eToro

5 Star Rating

9.9


  • $200 Min. Deposit
  • 24/7 Trading
  • Top Traders Program
  • CySEC & FCA Regulated

Visit Site

3


IQ Option

9.8


  • £100 Min. Deposit
  • 24/7 Crypto trading
  • Buy in 1 Click
  • Free $10k Demo Act

Visit Site

Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.

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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 at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.

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