how to sell usdt on bybit

Bybit, a popular cryptocurrency exchange, offers a straightforward process to sell USDT, involving navigating through the "Spot" section, selecting the desired trading pair, choosing the sell option, specifying the amount and order type, placing the sell order, monitoring its status, and withdrawing the proceeds.

Nov 02, 2024 at 02:52 am

How to Sell USDT on Bybit

Bybit is a popular cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies, including USDT. Here is a step-by-step guide on how to sell USDT on Bybit:

1. Log in to your Bybit account

Visit the Bybit website (www.bybit.com) and log in to your account.

2. Navigate to the "Spot" section

Once logged in, click on the "Spot" tab at the top of the page. This will take you to the spot trading page.

3. Select the USDT-trading pair

In the search bar, type "USDT" and select the USDT-trading pair you want to sell, such as "USDT/BTC" or "USDT/ETH".

4. Choose the "Sell" option

On the trading pair page, switch to the "Sell" tab.

5. Enter the amount of USDT you want to sell

In the "Amount" field, enter the amount of USDT you want to sell. You can also use the percentage buttons to sell a specific percentage of your USDT balance.

6. Select the order type

Bybit offers two order types: "Market" and "Limit". A market order is executed immediately at the current market price, while a limit order allows you to set a specific price at which your order will be executed. Select the order type you prefer.

7. Place the sell order

Once you have entered all the necessary details, click on the "Sell" button to place your order.

8. Monitor your order

Your order will be displayed in the "Active Orders" section. You can monitor its status and cancel it if necessary.

9. Withdrawal

Once your order is executed, the proceeds will be credited to your Bybit USDT wallet. You can then withdraw the funds to your external wallet. To do this, click on the "Withdrawal" tab, select "USDT", enter the amount you want to withdraw, and provide the address of your external wallet.

Note:

• Before selling USDT, ensure you have sufficient USDT balance in your Bybit account.
• The selling price may vary slightly from the estimated price due to market fluctuations.
• Bybit charges a small trading fee for each order. Check the fees page for the exact fee schedule.