The fee per fiat withdrawal is equal to the greater of 1'000USD or 0.1% which falls behind some of the more competitive pricing models in the industry. Additionally, the fee per fiat deposit is equal to 0.1%, however, there are no fees on deposits or withdrawals in Tether. There is also a verification fee of 150USD in Tethers. This amount is non-refundable but can be part of your Redemption. The verification fee is intended to ensure that only those who are serious about establishing an account apply. As well, the fee helps offset a portion of the costs Tether incurs through the execution of a robust verification process.

Tether is a cryptocurrency with digital tokens designed to replicate the value of the United States Dollar. The owners of the platform claim that Tether is a token backed by actual assets, including USD and Euros. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform's reserve account. Being anchored or "tethered" to real world currency, Tether provides protection from the volatility of cryptocurrencies. Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives. Tether initially supports US Dollars (USD), Euros (EUR), and the offshore Chinese yuan (CNH). Represented by ₮, tether platform currencies are denoted as USD₮, EUR₮, CNH₮.

In order to register with Tether, it is possible to choose between creating an Individual and a Corporate account. In order to register either of the accounts, it is required to complete the verification process by submitting all of the required documents. Once the client has identified his eligibility to be verified and has carefully read the company's fees page and provided the required verification fee, the client will receive an email saying that a deposit has been detected on the account and that it is ready to be used. The process may take a few days thus becoming irritating.

In case any issues arise, it is possible to contact the company's support staff only via email. The responses are comparatively quick, however, the presence of a phone line or a chat service would be of great benefit to the users. What is more, it is possible to find an FAQ section on the company's section, however, it covers only 12 questions.

Tethers exist as digital tokens built on bitcoin (Omni and Liquid Protocol), Ethereum, EOS, Tron, Algorand, SLP and OMG blockchains. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of cryptocurrency tokens, in our case, "tethers." Tether Platform currencies are 100% backed by Tether's reserves. Tethers are redeemable and exchangeable pursuant to Tether Limited's terms of service. The conversion rate is 1 tether USD₮ equals 1 USD. Tether was originally created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of tokenised traditional currency. Since this original version of Tether uses the Bitcoin blockchain it inherits the inherent stability and security of the longest established blockchain network. Tether on the Ethereum blockchain, as an ERC20 token, is a newer transport layer, which now makes tether available in Ethereum smart contracts or decentralised applications on Ethereum. As a standard ERC20 token it can also be sent to any Ethereum address. As of now, Tether does not have a proprietary mobile app.

Tether is built on top of the revolutionary and cryptographically secure open blockchain technologies and adheres to strict security and global government laws and regulations. All tethers are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether's reserves. As a fully transparent company, we publish a daily record of our bank balances and the value of our reserves. Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying pegged asset) pursuant to Tether Limited's terms of service. While the company claims that The Tether Platform is fully reserved when the sum of all tethers in circulation is less than or equal to the value of our reserves, it is clear that the project notably lacks transparency as Tether reserves have never been audited. This vital issue may play a bad trick in a long-term game as no one knows what assets Tether is currently collateralized with and in what volumes.