Many people are curious about how to buy and deposit Tether (USDT) on Upbit. The bottom line is that it is "impossible".

 

 

 

If you select Tether on the current Upbit deposit/withdrawal screen, you can see the message above. Still, it is surprising that although it is one of the leading exchanges in Korea, it does not yet support Tether's deposit and withdrawal function. So, what is the best way to buy Tether using Upbit?

 

 

Using overseas exchanges

 

 

 

The method I recommend to purchase Tether is to use an overseas exchange. This is the most common and used by many people. It is to purchase Tether by purchasing coins on Upbit and then transferring them to an overseas exchange such as Binance. However, it is difficult to recommend it because you have to lose more than 10% when the GIMP is severe, but if the GIMP is low or the timing is right, it is the best way to hold Tether. For coins, it is recommended to use Ripple, which has a low fee and high speed.

 

 

Recently, as the number of pair coins that can be purchased using Tether increases, people's demand is rapidly increasing. USDT Tether, which has a value of 1 dollar per 1 tether, is playing its role as a stablecoin. It is my hope that users will be given more diverse experiences and opportunities by purchasing Tether on the domestic exchange as soon as possible.