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Marcus Taylor
Key Points
Hermes Bitcoin provides investors with easy access to Tether (USDT), a stablecoin that has become one of the most widely recognized cryptocurrencies in the world. In this guide on how to buy USDT, we’ll teach you how to purchase global currencies like Tether—or sell part of your wallet for cash—by using our OTC wire transfer service or one of our many Los Angeles and Orange County Bitcoin ATMs.
What is USDT (Tether) and Why Do People Use It?
USDT is a type of cryptocurrency that’s referred to as a stablecoin. Unlike other popular cryptocurrencies like Bitcoin and Ethereum, USDT is pegged to the price of the U.S. dollar. While other coins are traded like stocks and have volatile price swings, USDT can maintain a consistent value by taking advantage of the U.S. dollar’s stability.
Investors love to buy USDT because of this inherent stability, it offers ultra-fast transfers and is widely accepted in the crypto space. Use Tether to transfer funds, trade on public exchanges, or invest in a stable currency that holds its value over time.
How it Works
The coin was first launched in 2014 and it’s become the preferred cryptocurrency for those who use crypto to make purchases. That’s because the coin holds its value over time—making it a safe haven for crypto enthusiasts. Here’s how it works. USDT is pegged at a 1:1 value with the U.S. dollar, meaning 1 USDT equals $1. There’s roughly $157 billion in USDT held across the world, with each coin backed by a U.S. dollar.
Reduced Volatility
It avoids the volatile swings of most crypto coins, which can lose or gain 10-20% in value on any given day. Users can purchase 5,000 USDT in anticipation of a $5,000 purchase, and they don’t have to worry that the value will plummet to $4,000 due to market swings.
Hermes Bitcoin makes buying USDT simple. Low-volume investors can withdraw cash or purchase USDT without creating an account and without an ID (for transactions under $2,999). Find a Bitcoin ATM Location or fill out an OTC form to get started.
Option 1: Buy with Cash at a Hermes Bitcoin ATM
Our Bitcoin ATMs make it easy to buy and sell USDT and several other cryptocurrencies, in-person and in cash. It’s the ideal option for everyday users who want fast, anonymous access to their crypto wallet without the hassle of wire transfers. You don’t even need an account to get started. Just bring your cash and wallet address to make your first purchase. Check out our ATM Locations page to find the closest ATM to you.
Option 2: Buy Larger Amounts Via OTC Wire Transfer
The white glove OTC service is the perfect option for high-volume traders, and it’s required for all transactions over $10,000. When you sign up for our USDT OTC service, you’ll gain access to personalized support, secure bank wires, and fast settlement for quick access to your funds. Complete the short Know Your Customer (KYC) form and a dedicated account manager will reach out to help you make your first purchase.
Speak to an Agent
You’ll be assigned a dedicated account manager who will call you to verify your information, guide you through the process, and find the best quote for your trade. You’ll then use our secure email service to finalize trade details.
Purchase Crypto With a Wire Transfer
Select a cryptocurrency, verify the destination wallet address, and transfer funds with a wire transfer.
Get Access to Funds in Minutes
OTC clients get access to their funds as soon as the transaction block has been confirmed twice (usually 20 minutes or less).
Hermes Bitcoin is the leader in Bitcoin ATMs in Los Angeles and Orange County. That’s because we offer the fastest and most flexible way to buy Bitcoin in the region, giving you the option to immediately convert cash into Bitcoin or Bitcoin into cash with a quick trip to your local ATM. You don’t need to sign up for an online trading platform or create an account, and you can always troubleshoot problems with one of our local agents.
Online exchanges are often complex and require a long sign-up process that prevents you from quickly getting money in a pinch. Then, you normally have to wait several days to transfer funds from your wallet to your bank account. Add in a trip to the ATM to get cash and you’re talking about a several-day wait and hours of lost time. At Hermes Bitcoin, you don’t have to wait for lengthy bank transfers when you’re withdrawing less than $10,000 per day.
We also provide some of the only Los Angeles-based ATMs that allow users to both purchase cryptocurrencies and withdraw cash from their wallets. Most companies only allow you to make deposits—making their ATMs far less convenient for those who need cash without the hassle.
With Hermes Bitcoin, you get accessible ATM locations, secure transactions, and a trustworthy company that doesn’t force you to store coins on a public exchange.
For ATM Purchases
1. Find the Nearest Hermes Bitcoin ATM: Use our ATM Locator tool to find a Bitcoin ATM near you. Bring cash and your USDT wallet QR code to make a purchase.
2. Enter Your Phone Number: For transactions under $2,999, you only need a valid phone number. But, you’ll need a government ID if you’re withdrawing or depositing $2,999-$10,000.
3. Scan Your Wallet QR Code: Scan your QR code to enter your USDT wallet address.
4. Deposit Cash to Purchase: Enter the amount you want to deposit and feed your cash into the machine to finish the transaction.
For ATM Purchases
1. Fill out the Individual OTC Form: Individual investors should fill out the Individual OTC Form. Include your ID, wallet address, and personal information to comply with Know Your Customer (KYC) requirements.
2. Speak to Your Account Manager: They’ll confirm all of the information you provided on the form and walk you through the OTC process.
3. Purchase USDT With a Wire Transfer: Verify the amount of USDT you want to buy and the destination wallet address. Then, transfer funds using a wire transfer.
4. Verify Funds Are in Your Wallet: Once the wire transfer is complete, your USDT should arrive in your wallet in 20 minutes or less. Funds will appear as soon as the transaction block has been confirmed twice.
1. Fill out the Individual OTC Form: Individual investors should fill out the Individual OTC Form. Include your ID, wallet address, and personal information to comply with Know Your Customer (KYC) requirements.
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