How to Buy Tether (USDT) in Europe

Can I Buy Tether (USDT) in Europe?

Yes, Tether (USDT) is available across Europe, and the best way to purchase it is through a Virtual Asset Service Provider (VASP) licensed exchange. These platforms follow strict EU anti-money laundering (AML) regulations, which adds security and ensures your transactions comply with European laws.

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How to Buy USDT in Europe

To buy USDT in Europe, Kraken is among the most trusted options. With a VASP license and over 10 million users, Kraken offers instant EUR deposits and access to 290+ cryptocurrencies, including USDT and USDC. Here’s how to get started:

1. Create a Kraken Account: Go to Kraken’s website, sign up, and complete the verification steps.
2. Deposit EUR: In the Deposit section, select a deposit method, e.g. SEPA, card, or bank wire, to instantly add EUR to your account.
3. Select USDT: Once your funds are available, search for Tether (USDT) in Kraken’s cryptocurrency list.
4. Finalize Your Purchase: Enter the amount of USDT you’d like to buy, review the transaction, and complete the purchase.

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Euro (EUR) to USDT Fees

When purchasing USDT in Europe, understanding exchange fees is crucial. Fees often cover deposits, withdrawals, and trading activities, each of which can vary by platform.

For European users, Kraken is a cost-effective option, offering free EUR deposits via SEPA transfer. Trading fees on Kraken start at a competitive 0.16% for spot trades, compared to platforms like Coinbase, where fees can reach 2%.

Checking these fees beforehand helps you avoid surprises and understand the total cost of your transaction.

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Is Tether (USDT) Legal in Europe?

Yes, Tether (USDT) is legal in Europe. The EU’s Markets in Crypto-Assets Regulation (MiCAR), which started rolling out in mid-2024, provides the framework for regulating crypto assets, including stablecoins like USDT. MiCAR requires stablecoin issuers to hold solid reserves and secure proper authorization to operate legally across the EU.

As of November 2024, Tether hasn’t yet secured the necessary Electronic Money Institution (EMI) license in Europe, raising questions about its compliance with MiCAR standards. Consequently, some exchanges are reassessing their support for non-compliant stablecoins.

That said, most major European exchanges still support USDT, while keeping an eye on regulatory shifts that could impact its availability.

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Bottom Line

Buying Tether (USDT) in Europe is simple and legal through VASP-licensed exchanges like Kraken, which adhere to EU regulations, adding layers of security for users. 

Staying up-to-date with MiCAR guidelines, fees, and regulatory changes while choosing a licensed exchange ensures confident and compliant access to stablecoins in Europe.