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, December 3rd, 2022, out of totally available 65,444,431,361 USDT, 65,444,431,361 are in circulation. It's not possible to mine tethers. The total market capitalization of tether is $65,681,112,244, 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 Switzerland, the rate is 0.94 CHF 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.
Tether is currently supported by 100% of exchanges (1 of 1) currently having active orders at ExchangeRates.Pro: and 1 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!
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 15 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 purchasing and cashing-out USDT in Switzerland:
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 3 cryptocurrencies and tokens: BTC, ETH, USDT.
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. 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:
Kraken currently provides 5 ways of purchase and sale Tethers in Switzerland with the national currencies and the most exciting news are that the payments in Swiss Francs are possible:
Sweet! Buying and selling with fiat aside, there are 2 cryptocoins and tokens exchangeable with USDT: ETH, USDT can be converted to Tether and vice versa any time you please.
Our own examination and the analysis of a community vote concludes this trading platform stands out from the competition. Hence we award Kraken with a special status: the best Trading Platform in Europe! A magnificent outcome and it's fairly earned; it says a lot bearing in mind that we rate and compare 332 exchange websites and apps! Summing up, both together our algorithms and the actual users choosing Kraken as one of the most trusted, convenient and credible services operating in Europe. It surely deserves a try!
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 exchanges to buy and sell tethers in Switzerland:
Besides the abovelisted great exchanges, serving Switzerland and allowing domestic payments in Swiss Franc among other countries and currencies, there are also very good international ones among the websites exchanging tethers. Hence if you need CHF|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 one highest-ranked USDT exchanges from all around the world:
By the way, exchanges that accept CH, 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
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.
At this moment, there are 1 offers to buy Tether in Switzerland. 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:
We've compared a lot of offers to find the top ones; right now we have 6 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 Swiss Franc, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase USDT crypto:
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 Swiss Franc and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 1 opportunities to cash out your tether coins in CH. 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 Switzerland prefer to exchange tether to fiat:
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 5 options to out-exchange the usdt to fiat; the most frequently used banks, money transfer operators and global payment systems are:
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 464 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: