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Tether (USDT) exchanges in Canada: buy, sell & swap

Tether (USDT) key market data:

  • type: Stablecoin
  • market cap: $66,037,518,609
  • market rank: #3
  • supply total: 66,043,540,012
  • supply available: 66,043,540,012
  • not mineable
  • USDT/USD: $1.0 | USDT/CAD: 1.29

Tether is a Stablecoin. The original software was first released July 1st, 2014. Nowadays the cryptocurrency is managed by the Tether Holdings, an organization based in the HK. The official Tether website is https://tether.to.

As of today, July 5th, 2022, out of totally available 66,043,540,012 USDT, 66,043,540,012 are in circulation. It's not possible to mine tethers. The total market capitalization of tether is $66,037,518,609, the rank among other cryptocurrencies (based on the capitalization) is #3. The current rate of 1 USDT is $1.0 USD; converting to the national currency of Canada, the rate is 1.29 CAD for 1 USDT.

Tether is a first Stablecoin, originally announced as "Realcoin". Technically Tether is a Token functioning on various blockchains. There currently are Bitcoin- (Omni Layer Protocol), Ethereum- (ERC20), TRON- (TRC20) and EOS- based Tether tokens in circulation. Although USDT (pegged to 1 United States Dollar; USD₮) tokens are usually referenced as "tethers", there are also EURT (= 1 EURO; EUR₮) and JPYT (= 1 Japanese Yen; JPY₮) in existence. According to the issuing company, all the Tether Platform currencies are 100% backed by Tether's reserves.

It's possible to deposit/withdraw money to the Tether directly, without the need to use exchanges, although the one has to pass the KYC procedures and pay the verification fees before being able to use the service. Tether trading was first enabled in early 2015 by the Bitfinex exchange, a firm that's related to Tether by a managing team. Many other cryptocurrency exchanges integrated USDT and other tether currencies support during the next years; according to some researchers, during the summer of 2018 Tether trading volume was accounted up to 80% of the whole Bitcoin trading market.

Top Tether exchanges

Tether is currently supported by 85% of exchanges (11 of 13) currently having active orders at ExchangeRates.Pro: 2 Exchange Brokers, 6 Trading Platforms, 1 eWallets, and 2 P2P Marketplaces have offers, allowing you to buy and sell USDT. Let's check and compare which of these exchanges will suit you the best, dear visitor!

Our choice: the best exchange for Tether in Canada

There are some worthy and undoubtedly good, trusted exchanges among the ones with USDT support. One of them, Kraken trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging Tether. The service is extraordinarily fine, very few of the rest 331 exchanges and 14 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making Kraken an ideal trading platform for buying, selling and exchanging USDT in Canada:

Kraken website: the home page in English

KRAKEN is a Trading Platform; Payward, Inc. (dba Kraken) had started the project back in July 2011. The company is incorporated in the United States and headquartered in San Francisco. The official street address of Kraken is 237 Kearny Street Suite 102 San Francisco, CA 94108. The operational entity is a registered, regulated and licensed financial company. License granted by the FinCEN, the Firm is holding the Money Transmission license. FINCEN registration number 31000176593851. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 34 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BTC, BTT, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICP, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX.

The customers are welcome to buy and sell coins and tokens with 7 national aka fiat currencies: AUD, CAD, CHF, EUR, GBP, JPY, USD. Totally 10 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, kraken.com is offering some other services, that could be interesting for crypto-users, like Mobile wallet, OTC trading, Margin Trading, Futures Trading, Staking, MasterNodes, etc. (passive income opportunity). Impressive, right? The features that our users enjoy the most out of this wonderful platform:

  • It is an officially registered Money Service Business. The firm applied for and received all the required licenses, it's watched over by the regulators and is fully compliant with the laws
  • The website has being online and operational for years; it started up 10 years and 11 months ago
  • The platform allows deposits/withdrawals in 34 cryptocurrencies and 7 national ones. In total, you may choose from 10 online banks and payment systems. Crypto- and tokens- exchanging aside, some other services are rendered: Mobile wallet, OTC trading, Margin Trading, Futures Trading and Staking, MasterNodes, etc. (passive income opportunity)
  • The commissions are very competitive: 0.25% — 3.75% determined by the method of sending/receiving the funds; and you won't break the bank, converting either lump sums or insignificant amounts
  • The reviews from the users are very, very favorable and full of love, 100%, 3 out of 3 are very happy and pleased with their experience at Kraken. As per the details we got from the real clients:
    • Customer care is exemplary, the best
    • The speed of the payments processing is lightning fast, instant
    • The KYC process is always super-fast

Kraken currently provides 4 ways of purchase and sale Tethers in Canada with the national currencies and the most exciting news are that the payments in Canadian Dollars are possible:

  • Any Local Bank, the local bank in CA. Will work absolutely for any domestic bank of Canada!
  • Cash at Post Office, a payment system of cash payments type. This time, only for purchasing.
  • Etana, a way to pay locally or internationally.
  • SWIFT Transfer, a payment system of international bank transfers type.

Sweet! Buying and selling with fiat aside, there are 31 cryptocoins and tokens exchangeable with USDT: AAVE, ADA, BCHABC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX can be converted to Tether and vice versa any time you please.

Time to make a conclusion. Our platform of choice to exchange Tether is

Kraken, an absolutely secure, highly trusted trading platform, rated 100/100. Such scoring result is a great achievement indeed, only a few competing websites could get such a big rating! Let's break down why the kraken.com exchange managed to get such rating and what does this mean:
Time in the business: 10 years 11 months
Feedback count: 3
Reviews: 3 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: instant
Support Quality: perfect
Verification Speed: instant
UI Usability: perfect

Overall Kraken score: 100 / 100

Top two USDT exchanges to buy/sell in Canada

Canada flag

Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap usdt with fiat (national) currencies. Here are the top two exchanges to buy and sell tethers in Canada:

  1. Kraken a Trading Platform established July, 2011. Transparent and legally compliant business with all the required business licenses and permissions. Clients are required to pass through the verification process to use the service. Great news! Kraken supports your local currency Canadian Dollar; feel free to use any of these 4 banks and payment systems to buy and sell Tether domestically:
    • Any Local Bank (local banks). Can use for the purchasing and withdrawals likewise. The method of payment works for absolutely any domestic bank in Canada!
    • Cash at Post Office (cash payments). Only for coin purchases.
    • Etana. Can use for the purchasing and withdrawals likewise.
    • SWIFT Transfer (international bank transfers). Can use for the purchasing and withdrawals likewise.
    Amazing opportunity! | 3 reviews, 100% positive check out USDT/CAD @ Kraken!
  2. Changelly a Broker established December, 2013. Great news! Changelly supports your local currency Canadian Dollar; feel free to use any of these 1 banks and payment systems to buy and sell Tether domestically:
    • Visa & Mastercard (credit/debit cards). Only for coin purchases.
    Nice! | 17 reviews, 100% positive check out USDT/CAD @ Changelly!

The rest of safe, fast, easy to use USDT exchanges worldwide

exchanges worldwide

Besides the abovelisted great exchanges, serving Canada and allowing domestic payments in Canadian Dollar among other countries and currencies, there are also very good international ones among the websites exchanging tethers. Hence if you need CAD|USDT exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Tether using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top six highest-ranked USDT exchanges from all around the world:

  1. CEX a Trading Platform started business July, 2014. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 5 payment systems to buy and sell Tether with USD. Apart from that, feel free to swap USDT to/from 10+ coins and tokens. KYC (identification process) is necessary to become a client of this service provider. | 27 testimonials, 100% gave maximal rank
  2. EXMO a Trading Platform started business May, 2013. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 4 payment systems to buy and sell Tether with USD. Apart from that, feel free to swap USDT to/from 25+ coins and tokens. | 20 testimonials, 95% gave maximal rank
  3. Kuna a Trading Platform started business January, 2016. There are 3 payment systems to buy and sell Tether with USD. Apart from that, feel free to swap USDT to/from 3+ coins and tokens. | 4 testimonials, 100% gave maximal rank
  4. CoinFalcon a Trading Platform started business October, 2017. Unfortunately no fiat payments for your currencies this time, but feel free to swap USDT to/from 8+ coins and tokens. KYC (identification process) is necessary to become a client of this service provider. | 2 testimonials, 100% gave maximal rank
    Gift available!
  5. LocalBitcoins a P2P Marketplace started business June, 2013. A reputable company holding all the government permissions for doing business; is licensed, etc.
  6. changeNOW a Broker started business September, 2017. Unfortunately no fiat payments for your currencies this time, but feel free to swap USDT to/from 42+ coins and tokens.

By the way, exchanges that accept CA, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell tether using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either

  • find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro. For example, if you are looking for an exchange for United States assuming that you have a local bank account there, an address confirmation, etc: compare rates to buy and sell Tether in United States
  • ...or just explore the great websites listed above to find out which one you prefer!

Where to buy USDT

Are you looking for the best place to buy tethers? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell USDT, based on your location and preferences.

Where can you buy USDT in Canada

At this moment, there are 20 offers to buy Tether in Canada. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:

  • Interac e-transfer in CAD: payments by Local Banks. Offered 14 times
  • Any Local Bank in CAD: payments by Local Banks. This one is a universal offer, that will work for any bank. Offered 2 times
  • TD Bank in CAD: payments by Local Banks. Offered 1 times
  • Visa & Mastercard in CAD, although can be used in any currency: payments by Credit/Debit Cards. A global payment system, available worldwide. Offered 2 times
  • Cash in Person in CAD, although can be used in any currency: payments by Cash Payments. A global payment system, available worldwide. Offered 1 times

Easiest, safest, fastest ways to buy usdt worldwide

We've compared a lot of offers to find the top ones; right now we have 15 ways for you to purchase tether available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with Canadian Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase USDT crypto:

  • Visa & Mastercard in USD Actually it's a multi-currency option, you are supposed to pay by the Credit/Debit Cards. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 3 offers
  • Skrill in USD you are supposed to pay by the e-wallet. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 1 offers
  • SWIFT Transfer in USD Actually it's a multi-currency option, you are supposed to pay by the International Bank Transfers. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 3 offers
  • SWIFT Transfer in CAD Actually it's a multi-currency option, you are supposed to pay by the International Bank Transfers. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 2 offers
  • Advanced Cash in USD an international payment system. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 2 offers
  • Etana in CAD from 217 countries: an international payment system. A multi-country payment system. Suggested in 1 offers
  • Payeer in USD an international payment system. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 1 offers
  • Etana in USD from 217 countries: an international payment system. A multi-country payment system. Suggested in 1 offers
  • Epay in USD an international payment system. This way to send fiat money will work worldwide. Canada, United States, etc. are covered. Suggested in 1 offers

Where to sell USDT

Even the greatest USDT HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell tethers to Canadian Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.

Where can you sell USDT in Canada

There are currently 31 opportunities to cash out your tether coins in CA. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in Canada prefer to exchange tether to fiat:

  • Interac e-transfer in CAD: you will receive money using the Local Banks. Proposed by 18 buyers
  • Bank of Montreal in CAD: you will receive money using the Local Banks. Proposed by 4 buyers
  • TD Bank in CAD: you will receive money using the Local Banks. Proposed by 3 buyers
  • Any Local Bank in CAD: you will receive money using the Local Banks. Please be aware that this will work for any local bank account! Proposed by 2 buyers
  • CIBC in CAD: you will receive money using the Local Banks. Proposed by 2 buyers
  • Cash by Mail in CAD, works with several currencies: you will receive money using the Cash Payments. Can also send money to any other location. Proposed by 1 buyers
  • Cash in Person in CAD, works with several currencies: you will receive money using the Cash Payments. Can also send money to any other location. Proposed by 1 buyers

Easiest, safest, fastest ways to sell USDT worldwide

Sometimes you may need to transfer the money to another country. If you are holding USDT, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 12 options to out-exchange the usdt to fiat; the most frequently used banks, money transfer operators and global payment systems are:

  • Visa & Mastercard in USD, can be also used with any of other currencies; to any country in the world including Canada, United States: the funds will be sent by the Credit/Debit Cards. You can transfer money wherever you need! Caution: there are higher risks related to accepting such payments at P2P marketplaces! Buyer may be able to reverse the payment after you send USDT! Suggested in 1 deals
  • Skrill in USD to any country in the world including Canada, United States: the funds will be sent by the e-wallet. You can transfer money wherever you need! Suggested in 1 deals
  • SWIFT Transfer in USD, can be also used with any of other currencies; to any country in the world including Canada, United States: the funds will be sent by the International Bank Transfers. You can transfer money wherever you need! Suggested in 3 deals
  • SWIFT Transfer in CAD, can be also used with any of other currencies; to any country in the world including Canada, United States: the funds will be sent by the International Bank Transfers. You can transfer money wherever you need! Suggested in 2 deals
  • Advanced Cash in USD to any country in the world including Canada, United States: a global payment method. You can transfer money wherever you need! Suggested in 2 deals
  • Etana in CAD to 217 countries: a global payment method. Suggested in 1 deals
  • Etana in USD to 217 countries: a global payment method. Suggested in 1 deals
  • Epay in USD to any country in the world including Canada, United States: a global payment method. You can transfer money wherever you need! Suggested in 1 deals

Where to swap USDT

Did you know that it's possible to exchange USDT to 48 other cryptocurrencies? It's possible to convert Tether to/from 98% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 478 swap possibilities with USDT and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap USDT with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first:

  • Bitcoin (BTC): that's a popular Cryptocurrency. There are 163 proposals (63 allow to convert from BTC to USDT and 100 that are converting in opposite direction.
  • Ether (ETH): that's a popular Cryptocurrency. There are 16 proposals (8 allow to convert from ETH to USDT and 8 that are converting in opposite direction.
  • Ripple (XRP): that's a popular Cryptocurrency. There are 14 proposals (7 allow to convert from USDT to XRP and 7 that are converting in opposite direction.
  • USD Coin (USDC): that's a popular Stablecoin. There are 14 proposals (7 allow to convert from USDC to USDT and 7 that are converting in opposite direction.
  • Litecoin (LTC): that's a popular Cryptocurrency. There are 12 proposals (6 allow to convert from LTC to USDT and 6 that are converting in opposite direction.
  • Polkadot (DOT): that's a popular Cryptocurrency. There are 12 proposals (6 allow to convert from DOT to USDT and 6 that are converting in opposite direction.
  • Cardano (ADA): that's a popular Cryptocurrency. There are 12 proposals (6 allow to convert from ADA to USDT and 6 that are converting in opposite direction.
  • Bitcoin Cash (BCH): that's a popular Cryptocurrency. There are 12 proposals (6 allow to convert from BCH to USDT and 6 that are converting in opposite direction.
  • Stellar (XLM): that's a popular Cryptocurrency. There are 10 proposals (5 allow to convert from USDT to XLM and 5 that are converting in opposite direction.
  • TRON (TRX): that's a popular Cryptocurrency. There are 10 proposals (5 allow to convert from TRX to USDT and 5 that are converting in opposite direction.

Similar cryptocurrencies, that can overcome Tether:

USD Coin (USDC)

  • rank: #4
  • type: Stablecoin

TrueUSD (TUSD)

  • rank: #48
  • type: Stablecoin

Binance USD (BUSD)

  • rank: #6
  • type: Stablecoin

Wrapped Bitcoin (WBTC)

  • rank: #16
  • type: Token

MakerDAO (DAI)

  • rank: #12
  • type: Stablecoin