Australians can securely purchase USDT (Tether) through AUSTRAC-regulated exchanges, ensuring compliance with anti-money laundering (AML) standards. These platforms support AUD deposits via bank transfers, PayID, debit cards, and other convenient methods, simplifying the process of acquiring USDT.
👉 Buy USDT on Kraken — a trusted exchange with deep liquidity, competitive fees, and robust regulatory compliance.
Step-by-Step Guide to Buying USDT in Australia
1. Choose a Regulated Exchange
- Kraken: AUSTRAC-compliant, offers AUD/USDT trading pairs, and supports 290+ cryptocurrencies.
- Key Features: Low trading fees (0.00%–0.26%), fast AUD deposits, and secure withdrawals.
2. Register & Complete KYC Verification
- Sign up on Kraken and verify your identity (required for compliance).
3. Deposit AUD
- Methods: Bank transfer (PayID/Osko), debit card, or other supported options.
- Minimum Deposit: $5 AUD (bank transfer), $10 AUD (card).
4. Buy USDT
- Navigate to the AUD/USDT trading pair.
- Enter the amount and confirm the transaction.
Fees for AUD-to-USDT Conversion
| Fee Type | Cost |
|---------------------|---------------------------------------|
| AUD Deposit | Free (bank transfer) |
| Trading Fees | 0.00%–0.26% (volume-based) |
| Withdrawals | Free (local bank transfer) |
👉 Compare USDT Fees Across Exchanges
Is Tether (USDT) Legal in Australia?
✅ Yes — USDT operates within AUSTRAC-regulated exchanges, which enforce AML/CTF rules. While Tether itself isn’t directly regulated, exchanges must comply with financial oversight.
FAQs
Q1: Can I buy USDT with PayID in Australia?
A: Yes! Exchanges like Kraken support instant PayID/Osko deposits.
Q2: What’s the minimum USDT purchase amount?
A: Typically $5 AUD, but varies by platform.
Q3: Are there tax implications for holding USDT?
A: The ATO treats USDT like other cryptocurrencies—capital gains tax may apply upon sale.
Why Choose AUSTRAC-Regulated Exchanges?
- Security: AML-compliant platforms monitor suspicious activity.
- Liquidity: Deep AUD/USDT order books ensure competitive pricing.
- Speed: PayID deposits settle in minutes.
Authored by Emily Shin
Research Analyst | Web3 & DeFi Specialist
Emily simplifies complex crypto topics, focusing on DeFi, NFTs, and blockchain adoption. Her work bridges technical insights with actionable advice for traders.