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Prices shown are indicative and subject to change based on market liquidity and execution timing. Fees are not included in the displayed pricing.

What is USDT?

Tether (USDT) is the world's most widely used stablecoin, pegged 1:1 to the US dollar. Designed to combine the stability of traditional currency with the speed and flexibility of blockchain technology, USDT is trusted by millions of traders and investors worldwide for seamless transfers, portfolio protection, and crypto trading. Whether you're looking to buy USDT for the first time or protect your crypto portfolio from volatility, UpTrade is Australia's trusted USDT broker — making it simple, secure, and fast for investors across Australia.

How to get started

We’ve simplified the process so you can start trading faster.

Step 1

Create your account

Complete your account application online in a matter of minutes.

We’ll handle the rest.

Step 2

Book your virtual discussion

Discuss digital assets you may trade , your risk appetite, and your investment support needs with your dedicated crypto broker. *

We’ll also answer any specific questions you might have to ensure you get the most out of our services.*

Step 3

Start trading

Access 500+ digital assets and 24/7 service and support from your dedicated crypto broker.

Each and every trade follows strict broker-to-trader approvals.

Step 4

Grow your portfolio

Keep your investment on track with monthly performance portfolio reports, in-depth market analysis and research, and investment guidance.

USDT FAQs

Why would I buy USDT if it's always worth $1?
USDT isn't bought for price appreciation — it's used as a stable digital dollar within the crypto ecosystem. Australians hold it to move quickly between crypto assets without converting back to AUD, reduce exposure during market volatility without leaving the crypto ecosystem, and access DeFi protocols. It also avoids the currency conversion fees you'd pay moving in and out of AUD repeatedly.
Is USDT safe?
USDT is the world's largest stablecoin by volume and has maintained its $1 peg through multiple major market downturns. That said, it relies on Tether Limited holding sufficient reserves to back every token in circulation — and Tether has faced scrutiny over reserve transparency in the past. In Australia, USDT can be purchased through AUSTRAC-registered platforms, providing a regulated entry point. As with any crypto asset, understand the risks before holding large amounts.
How do I buy USDT in Australia?
USDT is available on AUSTRAC-registered exchanges including Kraken, CoinSpot, and Independent Reserve, with direct AUD funding via PayID or bank transfer. Most platforms offer an AUD/USDT trading pair, making conversion straightforward. UpTrade is AUSTRAC-registered and provides access to USDT as part of its full suite of digital assets.
Do I pay tax on USDT in Australia?
Yes — and this catches many Australians off guard. The ATO treats USDT as a CGT asset, not as currency. Simply holding USDT isn't a taxable event, but converting another crypto into USDT is treated as a disposal and triggers a CGT event. Converting USDT back to AUD is also a taxable disposal. Because USDT's value is pegged to USD rather than AUD, exchange rate fluctuations between USD and AUD can also create small capital gains or losses. Keep records of every conversion and consult a crypto-savvy accountant.
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