If you are new to the market, your first exposure to cryptocurrencies will likely be with stablecoins, specifically USDT and USDC. Stablecoins are the backbone of the cryptocurrency market for all trading and investing activities. But despite their importance, buying and selling USDT still poses a problem for many cryptocurrency investors.

In this article, we will review stablecoins and the different ways to buy and sell them.

What is USDT?

It is a stablecoin whose value is always equal to $1. The importance of using USDT in the cryptocurrency market lies in the fact that it is the main currency for trading pairs on all centralized trading platforms such as Binance. It is also considered the largest source of liquidity for decentralized protocols.

Buy USDT

Buying USDT, or as it is called On-Ramp, is the first step to entering the cryptocurrency market. As we mentioned, most platforms do not accept trading in fiat currencies such as riyals, dirhams, or pounds, so you need USDT.

Although there are many obstacles that users in the Middle East face when buying cryptocurrencies, there are three ways you can buy USDT.


Buy USDT with bank card

You can use your traditional bank card to buy USDT. While the purchase fees may be a bit high, this method is considered the easiest and fastest if you are a new user.

Countries allowed to purchase with a bank card

Using a bank card to purchase USDT is available to a limited number of countries in the Middle East, and these countries are:

  • The UAE

  • Saudi Arabia

  • Kuwait

  • Bahrain

  • Oman

  • Qatar

What are the fees for buying USDT with a bank card?

The purchase fee for USDT on Binance is a flat 2% for all countries.

You should also know that there is a minimum and maximum limit for purchasing using a bank card for each local currency:

  • UAE Dirham: Minimum purchase of AED 70 and maximum of AED 55,000

  • Saudi Riyal: Minimum purchase 60 Riyals and maximum 18,000 Riyals

  • Qatari Riyal: Minimum purchase 60 Riyals and maximum 10,000 Riyals

  • Kuwaiti Dinar: Minimum purchase 10 dinars and maximum 4,500 dinars

  • Bahraini Dinar: Minimum purchase 10 dinars and maximum 10,000 dinars

  • Omani Riyal: Minimum purchase 7 Riyals and maximum 2,000 Riyals

Steps to buy USDT with a bank card

  1. Search for “Buy Crypto” from the home page.

  2. Select local currency

  3. Enter purchase amount

  4. Add bank card details

  5. Click "Buy"

Buy USDT using bank transfer

You can deposit your funds in local currencies into the platform and make the purchase directly. Bank transfer deposit services are the cheapest way to buy USDT, but unfortunately they are not available in many Arab countries.

But if you are a resident of Bahrain, Kuwait, Oman or the Emirates, you can register on the Binance Bahrain platform, and through it you can deposit via bank transfer.

Buy USDT using P2P

The idea of ​​the P2P market is that it allows you to buy or sell USDT from another merchant and not through the platform itself. The advantage of the P2P market is that it is available to all Middle Eastern countries except Syria. In addition, the P2P market is characterized by the absence of trading fees, as it relies on the exchange rate set by the merchant for buying and selling.

Steps to buy USDT from P2P Market

  1. Search for "P2P" from the home page.

  2. Select local currency

  3. Choose the exchange rate that suits you

  4. Click "Buy"

  5. Follow the purchase steps and transfer the required amount to the merchant based on the payment method that suits you.

  6. After payment, confirm the purchase, and within minutes the merchant will transfer USDT to your wallet.