Then, select the blockchain network the transfer will be made and copy the accompanying wallet address. Paste it into the wallet and confirm the transaction. The equivalent will be deposited into the spot wallet in a couple of minutes. The transfer time to send USDT can depend on the network selected.
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How to sell Tether at CEX.IO?
We are an authorized financial intermediary, which means that our processes are regularly audited by an external and independent entity. Yes, there is a minimum cash out value of CHF 50 to withdraw USDT by bank transfer. Atomex wallet is a mobile app with an in-built conversion tool for multiple currencies. Atomex is Android compatible whereas an iOS version is coming.
How do I sell USDT to bank?
- Sign in to your Yellow Card account.
- From your dashboard, select “ USDT,” your USDT holdings will be displayed.
- Click on “Trade” and select “Sell USDT for cash.”
- Indicate how much USDT you would like to sell and click “continue.”
Currently, the number of supported coins and tokens exceeds five hundred. The wallet provides a built-in exchange as an additional feature. Both desktop and mobile versions of the wallet are available. Select Choose Payment Method and choose an option from the drop down menu. Make sure that your selected payment method matches your buyer, which is reflected on their account.
Easily & Safely Sell Tether to Fiat
Along with Bitcoin, USDT is considered to be one of the most popular cryptocurrencies. Despite that variety, the liquidity of the platform is quite low, fluctuating within 80 – 100 k $ per day. Altilly exchange is not available for traders from the USA. Exodus is a top-tier multi-cryptocurrency wallet with rich opportunities for personalization and numerous available features. It was founded in 2016 with the idea to provide crypto beginners with a convenient tool to handle their coins.
Tether commands the largest share in the fast-growing stablecoin market. As a result, several top exchanges offer direct support for the fiat-backed crypto asset. Below, we review reputable platforms where investors can sell Tether into USD. Binance is currently one of the biggest and most popular cryptocurrency exchanges.
Why do I have to complete a CAPTCHA?
The P2P channel offers access to several digital payment methods, including bank accounts, Skrill, PayPal, and WebMoney. Meanwhile, users can easily select a merchant that offers their desired payment method. SpectroCoin is a web-based crypto multi-currency wallet initially established as a cryptocurrency exchange in 2013. SpectroCoin provides numerous payment options and offers an original prepaid VISA debit card applicable for shops and ATMs. The other features of SpectroCoin are the currency exchange platform and providing payment solutions to merchants.
In addition to the main exchange, Crypto.com is notable for its highly-rated mobile app for crypto and converting USDT to other stablecoins with zero fees. The waiting period for receiving the withdrawn funds varies, but the maximum period is 5 business days when the SWIFT global option is utilized. Using the Kraken mobile app for fiat withdrawal is straightforward as users can transfer their funds to their bank accounts effortlessly. However, we have to point out the limitations of the withdrawal methods on Kraken. There is no support for debit/credit card withdrawals or third-party solutions like PayPal and Revolut.
Once the transaction is confirmed, the investor can initiate a withdrawal request from the app. Bank transfer requests take about 2 to 5 business days to process, and it’s free. Tether is also widely used as a means of facilitating transactions on cryptocurrency exchanges. P2P trading is when individuals trade directly with each other without a middleman or third party. P2P on OKX is an open marketplace that allows users to buy and sell digital assets such as Bitcoin, Tether, and other cryptocurrencies.
— Sl jobs Forex (@kasunta123) January 25, 2023
Users can withdraw their USDT to a private wallet or withdraw it to the Crypto.com Wallet App. This is because Crypto.com does not support fiat withdrawals on the exchange. From the app, traders can simply sell their USDT for fiat.
USDT, also known as Tether is considered a stablecoin whose aim is to keep cryptocurrency value stable. The final step is to transfer the USDT from ‘Spot’ to the ‘Funding’ section. Binance allows users to manually browse through all the lists of verified merchants and an ‘Express’ option, which gives users access to the best prices. Once a favorable trade is available, tap on it and set the amount of USDT to be sold. To transfer USDT to the Binance hot wallet, click on the ‘Deposit’ in ‘Wallet’ and type in ‘USDT’.
Regardless, it is still a worthy https://www.beaxy.com/ for cashing out of USDT. Find out more pros and cons in our detailed Kraken review. Launched in 2012, Coinbase is a top crypto trading exchange in the US.
- Help.coinbase.com needs to review the security of your connection before proceeding.
- The main advantage of Tether is its stability, as it is designed to maintain a stable value relative to the underlying asset it is pegged to.
- BIX is Bibox’s native token, which allows its holders to access discounted trading fees.
- With the introduction of this service, people will be able to sell USDT for cash.
Prestmit is available for both web and mobile users. A while back, people who own USDT had to convert them to bitcoins before they can convert them to naira. Which is a long process and not so economical, considering the fees attached to the conversions. There was no seamless way to convert from USDT to your naira account. If your bank supports instant transfers, expect it in 1-2 minutes.
how to sell usdt who use the instant bank cash-out method are charged 1.5% of the transaction total for withdrawals up to $10,000. Card transactions are billed up to 1.5% of the transaction total and a minimum fee of $0.55. To learn more about the Coinbase platform and fees for selling USDT, read our detailed Coinbase review.
To how to sell usdt a trade, directly send or collect USD with Wise, AdvCash, AirTM, Payeer, Payoneer, Perfect Money, Skrill, PayPal, and more. The final platform that is suitable to sell Tether is Kraken. Based in San Francisco, Kraken is one of the best crypto trading platforms in the industry. It was launched in 2011 as a bridge for investors to access the emerging crypto market.
Essentially, selecting the best time to sell USDT is subjective as there are no clear-cut references for them. A crypto automated teller machine differs from traditional ATMs linked to banks. A crypto ATM is an internet-enabled kiosk where crypto users can buy and sell cryptocurrencies with deposited cash. These ATMs are miniature crypto exchanges that facilitate instant buy and sell orders.
Can you redeem USDT?
Tether claims that USDT can be redeemed at any time on tether.to for $1. However, many users are likely unfamiliar with how to achieve this.
However, Binance currently charges zero fees for selling USDT tokens. US investors situated can only access the Binance.US domain. Other traders are free to LINK visit the global Binance platform. From the homepage, tap on the ‘Register Now’ button, and select the ‘Create an Individual Account’ to register for a personal account.
Then, upload a copy of a recent driver’s license and complete a face verification. Once this is done, the account will receive the green ticker symbol beside the user’s profile icon. If it takes longer than 3 days, read this article on how long it takes for Binance verification. There are usually fees attached to selling USDT tokens. However, this largely depends on the platform selected for making the trade. For instance, using the Coinbase platform comes with a fee that ranges from 0.4% to 0.6%, plus a flat fee of $2.99 per trade.