Tether (USDT) FAQs

Modified on Thu, 17 Aug 2023 at 04:41 PM

Tether (USDT) is a stablecoin that is pegged to the American dollar (USD). A single unit of USDT is supposed to be equal to 1 USD.

Paxful provides an option to convert your Bitcoin to USDT to protect your funds from any market fluctuations. Learn more about our BTC to USDT converter in our Help Center.

What is Tether?
Tether (USDT) is a stablecoin that is worth around 1 USD. The rate can fluctuate a bit, but it's a 1:1 representation of 1 US dollar on the Tether blockchain.

Who can trade USDT on Paxful?
All users can trade and convert USDT with a verified email address and phone number. However, depending on your country, you may need to verify your address to sell USDT.

For a full list of the verification status needed for USDT transactions, please visit this article.

What are the fees for converting USDT?
For the full breakdown of USDT fees, check out this article.

Can my USDT transaction be cancelled or reversed?
Unfortunately, transactions on the blockchain can’t be cancelled or reversed. For more information, check out this article.

What is the minimum USDT amount I can sell, buy, or convert?
With Paxful, the minimum amount you can buy, sell, and convert is 10 USDT.

How can I buy or sell USDT?

You can buy or sell USDT the same way you would buy or sell Bitcoin in the marketplace.

  • Head over to the buy and sell pages to see a list of the current USDT offers. 
  • You can also create your own USDT offers (just make sure you’re ID verified!).
  • You can also convert your BTC and ETH into USDT in your Paxful Wallet. Check out this article for more information.

How do I get a USDT wallet address?
Just head to your Paxful wallet and click on “Receive” under Tether to get your USDT address. You can also check out our Receiving and Depositing Tether article for more information.

If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.

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