How to Purchase Ethereum (ETH) using Tether (USDT)

To buy Ethereum using Tether, first, find a cryptocurrency exchange that supports the ETH/USDT trading pair, such as Nexo, PrimeXBT, YouHodler or Binance. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the ETH/USDT pair on the trading platform and place an order to exchange your Tether for Ethereum. If the ETH/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.