How to Buy USDT with Payoneer Digital Bank

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Author: Mr. KingsHOK
An accountant who turned cryptopreneur to pursue my interest in crypto and decentralized finance. Let me show you how to invest safely in the space with my experience over the years.

USDT is a popularly used Stablecoin in the crypto market.

Investors mostly use the USD-Pegged token to keep investment away from market price fluctuations.

It is mainly backed by the US Dollar reserve, and with that in mind, the price ratio is 1:1 to the traditional USD.

Meanwhile, Payoneer does not directly support cryptocurrency investing through its digital banking app.

You can withdraw funds from your Payoneer account to a regulated exchange to buy and sell crypto assets.

In this guide, you will learn how you can buy USDT token with Payoneer mobile bank online platform.

Let’s dive in already!

How to buy USDT with Payoneer

There are many ways to buy crypto with Payoneer, but the easiest method is with the Uphold platform.

They offer instant and cheap fiat deposits via Payoneer bank transfer, debit and credit card to exchange a wide variety of crypto assets.

Supported cryptocurrencies include; Bitcoin, Ethereum, Solana, Avalanche and many others, but not USDT or any other Stablecoin.

In that case, you will have to first purchase any supported crypto-coin on the platform, then transfer it to an exchange, where you’ll buy USDT.

The recommended exchange for buying USDT is Binance due to its security and user-friendliness.

Follow the simple steps below to acquire USDT with Payoneer:

  1. Create an account on Uphold
  2. Complete KYC (Know Your Customer) verification
  3. Select currency to deposit (i.e. USD, EUR, GBP, AUD + 30 more)
  4. Connect your Payoneer account, or card to quickly deposit your fiat currency
  5. Find the cryptocurrency you want to buy
  6. Choose the token and execute transaction
  7. Transfer the crypto-coin to Binance exchange
  8. Exchange crypto to the Tether USDT.

Once the transaction is successful, withdraw the USDT from the exchange to a safe wallet.

Is Payoneer crypto-friendly?

Payoneer is a digital bank that allows its customers to buy and sell crypto assets with licensed and regulated exchanges in their jurisdiction.

The bank does not allow users to withdraw funds onto unlicensed off-shore platforms like Gate.io, Bybit and others that aren’t actively compliance with financial regulators.

Overall, Payoneer is one of the few digital banks that are both crypto-friendly and fully licensed and regulated by financial authorities.

Can I buy crypto with Payoneer?

As Payoneer does not directly offer crypto investment services, they can allow you to transfer funds into regulated crypto brokerages.

This means that it is both safe and possible to use Payoneer to buy digital assets.

These platforms match buyers and sellers of digital assets and usually charge a small fee for their services.

Over to you

Payoneer is a financial services company that provides online money transfer and e-commerce payment solutions.

The company founded in 2005, enables businesses to send and receive cross-border payments quickly, easily and securely.

I believe this guide have helped you to purchase desired amount of Tether USDT, and have it transaferred to your wallet.

Do not leave your cryptocurrency investment in an exchange where you bought them to avoid loss of fund.

I recommend using a hardware wallet if you’re keeping it for the long-term, otherwise you can still use a software wallet app.