how to sell usdt for cash on binance

To convert your USDT to cash, you can withdraw BUSD from your Binance wallet and then convert it to cash on a third-party platform or directly on Binance P2P.

Oct 27, 2024 at 02:02 am

How to Sell USDT for Cash on Binance

Step 1: Create a Binance Account

Visit the Binance website and click "Register" to create an account.
Provide your email address, create a password, and agree to the terms of service.
Verify your email address by clicking the link sent to your inbox.

Step 2: Deposit USDT into Your Binance Wallet

Click on "Wallet" and then "Deposit."
Select "USDT" and copy your deposit address.
Transfer your USDT from another wallet or exchange to the provided address.

Step 3: Convert USDT to BUSD

Click on "Trade" and then "Convert."
Select USDT as the "From" asset and BUSD as the "To" asset.
Enter the amount of USDT you want to convert and click "Convert."

Step 4: Withdraw BUSD

Click on "Wallet" and then "Withdraw."
Select "BUSD" as the asset.
Enter the amount of BUSD you want to withdraw and a supported bank account.
Verify your details and click "Withdraw."

Step 5: Sell BUSD for Cash

Option 1: Third-Party Platforms

There are third-party platforms that allow you to sell BUSD for cash.
Create an account on one of these platforms and follow their instructions to complete the sale.

Option 2: Binance P2P

You can also sell BUSD for cash directly on the Binance P2P platform.
Click on "P2P Trading" and select "Sell BUSD."
Choose a reputable seller and place an order.
Once the payment is received, release the BUSD to the seller.

Note:

Binance may charge fees for deposits, withdrawals, and conversions.
It is important to verify the exchange rate and fees before initiating any transaction.
Ensure that you understand and agree to the terms of service of any third-party platforms you use.

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