How to buy Tether from Philippines

Recommended Broker 🇵🇭
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👌Difficulty Low
☢️Commissions Very low
💲Minimum deposit 200$
🪙Cryptocurrencies: Tether and +15 more
⚖️Regulated by: Cyprus Securities and Exchange Commission (CySec), United Kingdom's Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🌐 Official website: www.etoro.com *
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How to buy

If you live in Philippines, the best way to buy Tether is, without any doubt, this popular broker.

eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Cyprus Securities and Exchange Commission, and therefore complies with all the regulations of the European Union, the most demanding in the world.

We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in our language, accepts users from Philippines, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.

How to sign up, step by step

The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.

Now check your email inbox: you should have received an email from eToro, click on the button and your account will be verified.

Once on eToro, you just have to click on “Deposit funds”, in the page menu.

There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:

As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.

If you have a choice, we do not recommend bank transfer because it takes longer, and it can be very frustrating to see the price of Tether rising while you wait for your transfer to be done.

How to make your first purchase

When eToro has confirmed the receipt of your credit, you just have to search for “Tether” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.

*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

What is Tether?

Tether or USDT is a cryptocurrency conceived as a stablecoin that maintains a 1:1 parity with the dollar or as close as possible. This is how Tether gives its holders the peace of mind of maintaining a stable price of $1 with all the advantages of cryptocurrencies.

It is generally used by those who trade cryptocurrencies such as Bitcoin to protect capital from volatility. This is because it is easier, faster and also cheaper to convert one cryptocurrency for another, than for fiat money (local currency).

Its platform runs on the Bitcoin and Ethereum blockchain network, in addition to other smaller ones. Therefore, Tether is a cryptocurrency that is very easy to integrate into any platform, which makes it possible for USDT to be present in many exchanges. Among these, Bitfinex and Binance stand out, being Tether a cryptocurrency directly related to Bitfinex.

All this has made USDT the most widely used cryptocurrency, accumulating many more transactions daily than Bitcoin or Ethereum. Because in the end, those who trade cryptocurrencies end up converting everything to Tether. And this is exactly why Tether always remains among the top 10 cryptocurrencies, even though it is only worth $1.

Future prospects for Tether

It is practically impossible for Tether to disappear, such an outcome would be like eliminating the dollar as a currency can you imagine, neither can we.

It is widely used and being the safe haven cryptocurrency of all cryptocurrency traders, Tether will never lose value or validity.

So, if you want to convert your money to cryptocurrencies, but not be at the mercy of volatility, Tether is the cryptocurrency for you.

What advantages does it offer?

Being a stablecoin the main advantage, and the one from which others derive, is from the fact that it will always hold its value. This makes Tether not only used by cryptocurrency traders, but also by companies that are beginning to accept cryptocurrencies as a means of payment.

And another of its great advantages is that transactions with Tether have a minuscule commission which makes them very cheap. Not only in exchange with other cryptocurrencies but also as a way of transferring money in the best remittance style and with practically no commissions.

Finally, it is the cryptocurrency with the highest convertibility rate since, being stable, it is accepted in transactions with any other currency, whether crypto or fiat.

How to deposit funds on eToro

Within the payment methods available on eToro are: bank transfer, PayPal, credit card (Visa, MasterCard, Diners, Visa Electron and Maestro), Neteller, and Skrill. There is not much to explain here: making a deposit with eToro is very easy. You just need to click “Deposit funds”, set an amount and pick the payment method you prefer.

Evidently, for security reasons, you need to be the account or credit card holder.

The minimum amount allowed is $ 200, and there is a maximum limit for unverified accounts. Thus, if you aim to trade with much more, you should contact Support to verify your account.

You can pay in any currency you want and eToro will do the conversion to USD. However, it is advisable to transfer directly in USD since the platform charges a fee.

What are the instruments you can trade in eToro?

Besides crypto, there are way more financial assets available.

About ETFs

What do you know about Exchange-traded funds? They are similar to index funds and are known for combining the benefits of stocks and mutual funds: they can be exchanged at any moment in the market, but offer much more variety and considerably lower rates.

About Index Funds

This is the best option for people who can invest in the long term, mostly for those who are starting to trade, because it is inexpensive, diversified, and the risk is lower.

You may have a different idea, but it is very hard to beat the market (although you have probably heard of managers who obtain huge profits).

But putting aside some unusual cases, not everything is as good as it sounds: when someone brags about having beaten the market, they have probably done so for a short time, or charges so many commissions that it ends up being better for you to index (whit minimal commissions). Also, past performances do not ensure a future one.

With index funds, you don't have to worry about that: they usually beat active managers in the long term, and the charges are lower than you imagine.

Stocks

Stocks or equities are the most common securities. Some publicly traded enterprises divide their capital into fractions and have several shareholders. By investing money in them, you can own a portion of a company and obtain returns.

We could say that there are two basic types of shares: those that pay dividends and those that do not. Those that pay, at the end of the fiscal year, distribute earnings among the stockholders; the latter, on the other hand, do not. Does that mean that you should only consider the former? No, of course not: if a company does not pay every year but has a lot of potential, it can still represent a good inversion, since selling the shares in the future could pay much more.

When trading on eToro, if you invest in equities that distribute dividends, you will receive them in your account, and you can collect them in cash or reinvest them. Our suggestion is, if you don't need the money right away, that you benefit from compound interest and reinvest it in the company itself.

Take into account that when investing in shares on eToro you can “dope” your trades with leverage, but in that case, you will not receive gains as it would be a contract for difference. For long-term investments, it is not advisable to use leverage: not only because you lose dividends, but also because you will have to pay fees during the days that the operation is open, and these can end up eating your gains.

Commodities or raw materials

Most people invest in raw materials because of their stability. While other assets present higher fluctuation, raw materials prices vary less and offer safety against inflation or market volatility. Nevertheless, prices do depend on supply and demand in the market, so if an economic situation produces greater demand for a certain good, its cost will also go up.

Keep in mind that the only intended income from the investment in raw materials will come from their further sale because these kinds of assets don't pay dividends.

Commodities can be classified into two main types: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals (for instance, iron, nickel, or aluminum), and oil; and the latter are agricultural resources, such as sugar, coffee, corn, soy, among many others.

Have you heard about “social trading”?

The first platform that conceived trading as a social activity was eToro, and the idea spread like wildfire. Other brokers have also adopted this concept, but eToro is way better.

But it wasn't just about creating yet another social network to talk about investment. The real achievement was in allowing users to copy the moves of advanced investors, and to reward the latter for their ideas and knowledge.

You will find in the left menu of the site the options “Copy People” and “Invest in CopyPortfolios”.

CopyPortfolios

“CopyPortfolios” are kinds of exchange-traded funds or thematic index funds, a portfolio that includes a number of different assets of the same market. For example, if you think that the gaming industry is going to prosper soon but you don't know which stocks to select, you just have to invest in the CopyPortfolio called “InTheGame”, which includes companies like Google, Microsoft, NVIDIA, Nintendo, Logitech, AMD, Intel, among others.

CopyPortfolio has generated a 100% profit in the last year, and the only thing you have to do is to click on “Invest”, choose the amount, place the stop-loss, and the rest will be done practically on its own.

Copy People

But you can also copy other users of the platform who are successful investors. It is really simple: you can find them with “Copy People” and just duplicate their strategies.

In each user profile, you will see their risk profile (how much risk do they take when trading), their performance history, and the kind of financial instruments they operate: currencies, cryptocurrencies, raw materials, stocks….

And although replicating other people's strategies can be very helpful, you should also make the most out of the platform's community, read what other users think, and learn from their experience. If your goal is to end up living from investment, it is a great place to gain valuable knowledge.

Trading strategies

There are several ways to operate cryptocurrencies: for example, you can buy and hold, or you can day trade using price fluctuations to your advantage.

My suggestion for those who are beginning to trade is going for a middle point: when you open your Tether position, place a stop-loss order 15-20% below the highest price, and let the magic happen.

For instance, if you purchase a cryptocurrency when its price is $ 15, then it increases to $ 25 and falls back to $17, the stop-loss will allow your operation to be closed, maybe at $ 21 or $ 22. Thus, you will obtain a fine profit.

Perhaps you are wondering: why not selling when the cost is at its highest? But that would only work for a psychic or a fortune-teller. The mentioned strategy is completely realistic and can work out perfectly if it is well applied.

Later on, you will be able to apply more sophisticated techniques, such as using leverage or going short to profit from bear markets.

How to use eToro

As we have referred among the positive aspects of eToro, the best thing about this platform is its extraordinary simplicity: anyone can use it without having to read endless explanatory texts.

Everyone who has previously used Whatsapp, Facebook or any of the most common social networks, has enough skills to operate with the eToro interface.

We will explain the registration steps and the different sections that you will find.

You will have to fill in some information requested when registering.

They will also ask you about your previous trading activities.

But don't feel intimidated. The only intention is to know more about you and be clear about which financial instruments they should suggest according to your knowledge and experience.

You will see a bar that says “incomplete profile” until you fill in all the information.

Next, we will talk about the different sections of the site.

With the “Set Price Alerts” tool, you'll be able to program an alert when a security is at a certain price. This is ideal if you want to purchase an asset and you are waiting for its price to fall.

“News Feed” is for social purposes. This is the section where users can share opinions and information.

“Instruments”, “People” and “CopyPortfolios” are within “Discover”. And we discussed previously in this guide the different financial instruments that are available on eToro:

  • cryptocurrencies
  • ETFs
  • Shares
  • Commodities
  • Currencies
  • Index funds

In the section “People”, you will find eToro users and their performances. This is where “social trading” makes sense since you can duplicate with just one click the movements of your preferred traders.

In this section, you can search and find users according to your interests. You can apply filters like country, average profits, or financial instruments. When you select an investor and indicate the amount you want to invest, eToro will automatically replicate their movements, proportionally. For instance, if you have $ 1000 and the user puts 20% of their funds in an asset, eToro will also invest 20% of your money in the same company or instrument, in this case, $ 200.

Finally, you will also see the CopyPortfolios divided into three main kinds: “Top Trader”, “Market” and “Partner”.

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Sometimes it might be better to copy from CopyPortfolios than to individuals, since the former offer more diversity. Besides, the portfolios are easily identifiable: one about gaming, another about large drone companies, another about pharmacy … Do you suspect that a certain industry will prosper anytime soon? Then look, because surely there is a CopyPortfolio about it.

Common questions

How much is the minimum investment in Tether?
You can invest as low as 200$.

When will I be able to take out my funds?
Whenever you want. Simply end your Tether position, click on “Withdraw Funds” and that's all.

What deposit methods can I use?
You can use: Bank Transfer, Credit Card, PayPal, Neteller, Rapid Transfer, Skrill and Klarna / Sofort Banking.

* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.