How to buy Tether (USDT) in the Middle East

At BitOasis, we are proud to be the largest and most secure digital asset platform in the MENA region. With us, it has never been easier and more secure to enter the world of blockchain. Operating in the region since 2015 and headquartered in the UAE, our platform allows MENA residents and citizens to buy, sell and trade Tether (USDT), along with 15 other digital assets safely and securely.

Digital currencies have come a long way since the inception of Bitcoin back in 2009. In the Middle East and North Africa (MENA) region, the United Arab Emirates (UAE) has been the leader in taking the initiative and encouraging the development and growth of new technologies in the financial technology (Fintech) and blockchain sectors.

What is Tether (USDT)?

Tether (USDT) is a blockchain-based digital asset, or cryptocurrency, whose circulated tokens are backed by traditional, or Fiat currencies. Tether is a stablecoin that aims to stabilize the token’s valuation, which would allow it to be used as a mode of value storage and a medium of exchange. Pegged against the United States Dollar (USD), Tether maintains a ratio of 1:1 with it.

How to buy Tether (USDT)?

In order to buy Tether (USDT) on BitOasis, you just need to follow three simple steps:

Step 1: Sign Up for a BitOasis account

  • The first thing you need to do is to sign up for a free account on our platform. Simply provide your email address along with your name, and set a password.
  • Next, you will be asked to provide your mobile phone number to complete the registration. The mobile phone number is what you will use to confirm your logins, transactions and account changes, so please ensure you provide a valid number.
  • Congratulations, you now have a BitOasis account!

Step 2: Verify Your Account

After successfully creating your account, you will need to proceed with verifying your account in order to start buying, selling and trading Tether (USDT). The verification process is necessary for compliance and local and international regulatory purposes.

  • Visit the verification page to begin the process. You will be introduced to three different levels of verification that you can choose from based on your requirements; Tier 1, Tier 2 and Tier 3. Each tier has a different set of documentation and information required from you, as well as a different weekly UAE Dirham (AED) deposit and withdrawal limit.
  • Select the verification Tier you would like to proceed with based on your requirements. You will be shown a list of documents required from your side in order to proceed with verifying your account.

Please note that verifications are usually processed immediately for Tier 1, and take 24-48 hours for Tier 2 and 3.

Step 3: Deposit AED and Buy Tether (USDT)

Once your account is verified, you are now eligible to buy, sell and trade Tether (USDT). In order to perform a transaction, you first need to deposit AED into your account.

You can deposit AED to your BitOasis account easily and securely on the AED deposit page. Simply follow the steps in order to deposit the desired amount through your Credit/Debit card.

  • Once the transaction is successful, you will see the deposited AED amount on your Dashboard.

Now that you have AED in your account, you can buy Tether (USDT) along with the many other digital assets we support. Here is how you can buy, sell and trade Tether (USDT):

Trading Tether (USDT) Through BitOasis Pro

Users on the Pro platform can enjoy advanced trading features like trading charts in addition to additional types of orders, such as market orders, limit orders, stop orders and stop-limit orders. In order to trade Tether (USDT) through BitOasis Pro, please follow the below steps:

  • Go to the BitOasis Pro page
  • Select the trading pair you want to transact in from the drop-down menu on the top left. For Tether (USDT) you have two options to choose from:
    • USDT-AED
    • BTC-USDT
    • ETH-USDT
  • Select “Market Order” as the type of order
  • After that, enter the amount of Tether (USDT) you want to buy
  • Hit the Buy button!

For more information on BitOasis PRO, including the different order types and how to place a trade, please visit our BitOasis PRO guide.

About BitOasis

BitOasis is the largest, most secure, and most liquid digital asset exchange in the Middle East and North Africa (MENA) region, offering over ten (10) digital assets to buy, sell and trade against the UAE Dirham (AED). The BitOasis platform is available to users in the United Arab Emirates (UAE), Saudi Arabia, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.

Keep track of all news and updates on our Blog and follow us on our Twitter, Facebook, Telegram, Medium as well as Reddit accounts for the latest updates.

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