Your funds
Choosing an exchange to buy USDT
To play you first need USDT or USDC, and most people buy it on an exchange. What to look for in one, and the checks worth making before you send it any money.
Licensed where you live
Use an exchange that is licensed or registered to operate in your country. It will ask you to verify your identity before you can buy, which is a sign it is following the rules, not an inconvenience. Avoid services that promise to skip that step.
Local money in, stablecoins out
The exchange should let you pay in your own currency by a method you already use, such as a bank transfer or card, and let you withdraw USDT or USDC on BNB Smart Chain. Check the withdrawal network list before you buy, not afterwards.
Fees, all of them
Look at the whole cost: the spread between buying and selling prices, any deposit fee, the trading fee and the withdrawal fee on BNB Smart Chain. A low trading fee can hide a wide spread. The honest comparison is how many USDT you end up with for the same amount of your money.
Secure it on day one
Turn on an authenticator app and a withdrawal address list on the exchange from the start. Save your fourdigits deposit address in the exchange’s address book once, check it carefully, and use the saved entry every time after that.