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.