How to sell USDT on Binance? How to calculate the handling fee?

Selling USDT on Binance involves verifying your account, transferring USDT to your spot wallet, and executing a market order; fees can be reduced by using BNB.

Apr 28, 2025 at 12:57 am

Selling USDT on Binance is a straightforward process that involves a few key steps. This article will guide you through the process of selling USDT on Binance, as well as provide a detailed explanation of how to calculate the handling fees associated with these transactions. Whether you are a seasoned trader or a newcomer to the cryptocurrency world, understanding these steps and calculations will help you manage your assets more effectively.

Preparing to Sell USDT on Binance

Before you can sell your USDT on Binance, you need to ensure that you have a verified account and sufficient USDT in your wallet. Here are the preliminary steps you should follow:

• Log into your Binance account: Ensure that you are logged into your Binance account with the correct credentials.
• Verify your account: If you haven't already, complete the necessary KYC (Know Your Customer) verification to ensure your account is fully verified. This is crucial for withdrawing funds and using certain features on Binance.
• Transfer USDT to your spot wallet: Make sure you have enough USDT in your spot wallet on Binance. You can transfer USDT from your funding wallet to your spot wallet if needed.

Selling USDT on Binance

Once you have prepared your account, you can proceed with selling your USDT. Here is a detailed step-by-step guide on how to do this:

• Navigate to the trading page: From the top navigation menu, click on "Trade" and then select "Spot".
• Choose the trading pair: In the search bar, type "USDT" and select the trading pair you want to use, such as USDT/BTC, USDT/ETH, or USDT/USDC. For this example, we will use USDT/BTC.
• Select the order type: You can choose between a market order, a limit order, or a stop-limit order. For simplicity, we will use a market order, which sells your USDT at the current market price.
• Enter the amount: Input the amount of USDT you want to sell. You can enter either the amount of USDT or the amount of BTC you want to receive.
• Review and confirm the order: Double-check the details of your order, including the amount of USDT you are selling and the estimated amount of BTC you will receive. Once you are satisfied, click on "Sell USDT".
• Confirm the transaction: You will be prompted to confirm the transaction. Click on "Confirm" to complete the sale.

Calculating the Handling Fee on Binance

When selling USDT on Binance, you will be charged a handling fee, also known as a trading fee. Binance uses a tiered fee structure based on your trading volume and whether you are using BNB (Binance Coin) to pay the fees. Here is how you can calculate the handling fee:

• Determine your fee tier: Binance categorizes users into different fee tiers based on their 30-day trading volume and BNB holdings. You can find your current fee tier in the "Fees" section of your account.
• Check the fee rate: Depending on your fee tier, you will have different maker and taker fee rates. For USDT/BTC, the maker fee is typically 0.1% and the taker fee is also 0.1%. If you pay with BNB, you can get a 25% discount on these fees.
• Calculate the fee: To calculate the fee, multiply the total transaction amount by the fee rate. For example, if you are selling 1000 USDT at a taker fee rate of 0.1%, the fee would be 1000 * 0.001 = 1 USDT.

Using BNB to Reduce Handling Fees

Binance offers a discount on trading fees if you use BNB to pay for them. Here is how you can take advantage of this feature:

• Ensure you have BNB in your spot wallet: Make sure you have enough BNB in your spot wallet on Binance.
• Enable BNB fee payment: Go to the "Fees" section of your account and toggle on the option to use BNB for fee payment.
• Calculate the discounted fee: If you are selling 1000 USDT at a taker fee rate of 0.1% and using BNB, the fee would be 1000 0.001 0.75 = 0.75 USDT.

Withdrawing the Proceeds

After selling your USDT, you may want to withdraw the proceeds to your bank account or another wallet. Here is how you can do this:

• Navigate to the withdrawal page: From the top navigation menu, click on "Wallet" and then select "Overview". From there, click on "Withdraw".
• Select the cryptocurrency: Choose the cryptocurrency you want to withdraw, such as BTC if you sold USDT for BTC.
• Enter the withdrawal address: Input the address where you want to send the cryptocurrency. Make sure this address is correct, as transactions cannot be reversed.
• Enter the amount: Input the amount of cryptocurrency you want to withdraw.
• Review and confirm the withdrawal: Double-check the details of your withdrawal, including the amount and the withdrawal address. Once you are satisfied, click on "Submit".
• Confirm the transaction: You will be prompted to confirm the transaction. Click on "Confirm" to complete the withdrawal.

Frequently Asked Questions

Q: Can I sell USDT for fiat currency directly on Binance?

A: Yes, you can sell USDT for fiat currency on Binance, but this depends on your location and the available trading pairs. Some regions allow direct conversion of USDT to fiat currencies like USD or EUR through the "Fiat and Spot" trading section.

Q: How long does it take to sell USDT on Binance?

A: The process of selling USDT on Binance is usually instantaneous. However, the time it takes to reflect in your account can vary based on network congestion and the specific cryptocurrency you are trading for.

Q: What is the minimum amount of USDT I can sell on Binance?

A: The minimum amount of USDT you can sell on Binance depends on the trading pair you are using. For most pairs, the minimum order size is 10 USDT, but this can vary, so it's best to check the specific pair you are interested in.

Q: Can I cancel a USDT sell order on Binance?

A: Yes, you can cancel a USDT sell order on Binance as long as it has not been filled. To do this, navigate to the "Open Orders" section on the trading page, find your order, and click on the "Cancel" button next to it.