Tether USDT off-ramp review

Withdrawal fees are greater of $1,000 or 0.1%, whichever is larger, so the charge scales with the amount rather than staying flat. That suits larger balances and works against small ones. For context, the taker fee typical across compared buy sites is 0.25%, so the off-ramp is the heavier cost line.

Tether publishes proof of reserves, and the accounts are custodial, which means balances sit with the issuer rather than in a wallet you control. The issuer also lists Tether International, S.A. de C.V. as its legal entity. Custody removes key loss risk and adds issuer risk.

The licence comes from Comision Nacional de Activos Digitales (CNAD), the digital assets regulator named for El Salvador. The issuer is headquartered in El Salvador and lists Tether International, S.A. de C.V. as its legal entity. Readers wanting a European regulator on paper would look elsewhere, since Bit2Me reports CNMV and Comision Nacional del Mercado de Valores (CNMV).

Fiat deposits run through bank transfers, so a bank account is the route in. Cards are not listed among the deposit methods here, a contrast with venues that take card and bank. Bank rails suit larger amounts and avoid card limits.

No, derivatives are not offered, and the platform is set up as cex rather than for leveraged trading. Readers who want leverage compare taker fees at 0.1% on derivatives venues against 0.25% for buy sites on this list.

Support runs through help centre, with the help centre carrying the load. No live chat or phone line is listed, so urgent questions about a withdrawal have no fast route. That is a common shape on the sites compared, where 79.6% of platforms offer a help centre.

It has traded since 2014 under the name Tether International, S.A. de C.V., based in El Salvador. Age matters less than the reserve reporting here, which is published and in line with 78.2% of the buy sites compared.

It suits readers who already hold USDT and want it converted through bank rails, and who accept custodial custody in exchange for a named regulator. It suits less well anyone trading often, since derivatives are not offered and the withdrawal fee is greater of $1,000 or 0.1%.