Is Buying Tether (USDT) Legal in Ukraine?

Yes, buying Tether (USDT) is legal in Ukraine. The Ukrainian government classifies stablecoins like USDT as virtual assets under its Virtual Assets Law. Investors can legally buy and trade USDT through regulated crypto exchanges that follow local anti-money laundering regulations.

For secure transactions and easy UAH-to-USDT conversions, it’s best to use licensed Ukrainian exchanges. Choosing regulated local platforms helps investors avoid potential banking issues and ensures compliance with Ukrainian laws.

How to Buy USDT in Ukraine

The best way for Ukrainian investors to buy Tether (USDT) is through Bybit, trusted by over 50 million users globally. Bybit offers competitive liquidity for UAH-USDT trades and supports more than 1,700 cryptocurrencies and stablecoins. Investors can deposit Ukrainian hryvnia (UAH) via bank transfers, Visa or Mastercard, and peer-to-peer (P2P) payments.

Follow these steps to buy USDT on Bybit:

1. Open an Account: Register on Bybit and set up your profile as a personal or corporate account.
2. Verify Your Identity: Complete the KYC verification with your Ukrainian ID or passport.
3. Deposit UAH: Log into your account, choose "Deposit," select UAH, and fund via bank transfer, debit/credit card, or P2P trading.
4. Buy USDT: Select the UAH-USDT pair, enter the amount you wish to exchange, review the details, and confirm your purchase.

Best USDT Exchanges in Ukraine

Ukrainian investors have many regulated exchanges for buying USDT using UAH. Bybit, OKX, Kraken, and Binance are popular options due to their low fees, reliable security, and fast Ukrainian hryvnia deposit methods.

The table below highlights key differences to help investors select the most suitable platform:

UAH to USDT Fees

Controlling transaction costs is an important consideration when exchanging UAH for USDT. Below is a clear overview of typical fees Ukrainian investors may encounter:

• Deposits: UAH deposits via local bank transfers (e.g., PrivatBank, Monobank, A-Bank), debit/credit cards, Apple Pay, or Google Pay are generally free, though banks may charge up to 2%. Minimum deposits typically start from ₴50–₴100.
• Withdrawals: Withdrawing UAH to local bank accounts usually has minimal or no fees. Card withdrawals may include standard provider fees.
• Trading: Most platforms charge around 0.1% per trade. Exchanges like Kraken and OKX offer separate rates for maker and taker orders, ranging from 0.08% - 0.26%.

For the lowest total cost, deposit funds using free or low-cost methods such as bank transfers, and trade on exchanges offering transparent, competitive fees.

Tax Considerations for Tether (USDT) in India

In Ukraine, simply buying or holding USDT does not trigger taxes. However, any profits earned from selling or trading USDT are taxed as personal income at 18%, plus an additional military levy of 5%. 

The military levy was increased from 1.5% to 5% effective from December 1, 2024, as per Law № 4015-IX dated 10.10.2024, enacted to support budget revenue during martial law.

Ukrainian tax authorities closely track cryptocurrency transactions. Investors should maintain detailed records of their trades and UAH conversions to accurately report earnings and remain compliant with local tax regulations.

What is Tether (USDT)?

Tether (USDT) is the world's largest stablecoin, pegged 1:1 to the US dollar, with a market capitalization exceeding $140 billion. Unlike cryptocurrencies such as Bitcoin or Ethereum, USDT maintains a stable value around $1, protecting Ukrainian investors from volatility and currency fluctuations, particularly during times of economic uncertainty. 

In Ukraine, USDT is commonly used for secure transactions, international transfers, and storing value safely on blockchain-based wallets and exchanges.

Final Thoughts

Buying USDT in Ukraine is legal, straightforward, and increasingly popular due to economic instability and currency volatility. 

To safeguard your investment, always use regulated local exchanges, keep transaction records for tax purposes, and select platforms with transparent fees. By doing this, you’ll securely benefit from Tether’s stability and protect your finances during uncertain times.