Can I Buy USDT in Belarus?

Yes, it is possible to buy USDT (Tether) in Belarus through exchanges that accept Belarusian Ruble (BYN) deposits. Investors must find a platform in Belarus that complies with regulations under the National Bank and supports transfers from local institutions like BSB and Belarusbank.

How to Buy Tether (USDT) in Belarus

To buy USDT (Tether) in Belarus, investors should use trustworthy exchanges like Bybit, which offers instant Belarusian Ruble (BYN) deposits to buy and sell over 1,200 assets. Trusted by over 25 million investors, Bybit allows users to buy, sell and stake USDT and other digital assets with ease on their globally licensed platform.

To get started, here’s a quick guide to buy USDT with their platform in Belarus.

1. Create an Account: Register on the Bybit platform.
2. Deposit BYN: After logging in, deposit Belarusian Ruble using supported methods such as bank transfers.
3. Locate USDT: Go to the trading section and find the USDT/BYN trading pair.
4. Purchase USDT: Input the amount of BYN you wish to convert to USDT and finalize your transaction.

BYN to USDT Fees

When converting Belarusian Ruble (BYN) to Tether (USDT), understanding the associated fees is essential. Common costs include deposit fees, trading fees, and withdrawal charges. Typically, trading fees range from 0.1% to 0.5%.

For Belarusian users, Bybit offers competitive trading fees starting at 0.1%, coupled with strong liquidity. The platform supports BYN deposits via bank transfer without additional fees. In contrast, other exchanges like OKX may charge around 0.2% in trading fees.

Is USDT Legal in Belarus?

Yes, USDT (Tether) and stablecoins are legal in Belarus. The 2017 Presidential Decree No. 8, "On the Development of Digital Economy," legalized the use, exchange, and mining of cryptocurrencies, including USDT. Individuals in Belarus can freely buy, sell, and hold USDT.

Businesses operating cryptocurrency exchanges must be registered within the High Technologies Park (HTP) and comply with strict regulatory standards, including anti-money laundering measures. These businesses are classified as high-risk and are closely monitored.

Bottom Line

In conclusion, buying USDT in Belarus is straightforward using a reputable, regulated exchange like Bybit. With clear legal guidelines under the HTP and low fees, Belarusian investors can easily manage USDT transactions using local currency. Ensuring compliance with regulations and understanding the costs will help you navigate the process smoothly.