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Topic: How to Sell USDT? (Read 433 times)

full member
Activity: 406
Merit: 101
September 19, 2018, 08:38:50 AM
#43
Buy USDT on some exchange like Binance, OKEX, Huobi
No USDT is an altcoin you can't send it directly to your bank you need to have a pairing of USD or other local fiat trading and that specific exchange should have an option to cash out to banks and other option to get physical fiat, KYC is necessary to avail that option, you should first look for your own local exchange for easy and convenient transactions.
That guy didn’t say he was moving it direct to his bank account or did he? 😏He said he was going to exchange it with Binance for a Bitcoin. We already know it’s an altcoin and that there is no way it can be moved to a bank account and the only way is to exchange it for a BTC before withdrawing it to your bank as a USD.
member
Activity: 322
Merit: 10
The Premier Digital Asset Management Ecosystem
September 18, 2018, 09:53:51 AM
#42
If you want to sell USDT you should go to Remitano web site, where this is a place to buy a lot of coins to cash in, so study carefully before selling to lose money.
hero member
Activity: 998
Merit: 504
September 18, 2018, 08:16:42 AM
#41
So I converted My BTC to USDT, Now how I can convert USDT to real USD cash?
You should do that the same way you sold your Bitcoin and got USD. If you can find anyone that will buy the USDT or. You can find an exchanger and convert from USDT to Bitcoin. After that you can withdraw or maybe if you have a wallet that uses debit card just like Xapo, you can move it to that wallet and withdraw all from the ATM, but best will be to move it direct to your bank account.
legendary
Activity: 1652
Merit: 1483
September 16, 2018, 12:04:51 PM
#40
You can‘t. Even Kraken only offers a trading pair USDT/USD. So as long as there are enough USDT buying orders, you can sell your USDT.

you can---bitfinex redeems USDT for USD. unless things have changed very recently, when you deposit USDT to your account, they credit you with USD. you can wire the USD out from there. supposedly tether.to also resumed withdrawals late last year after they stopped servicing USA customers, but i can't confirm.

otherwise yes, there's the USDT/USD market on kraken. apparently, bittrex now has a USDT/USD market too, but it seems like it's limited to some customers in the USA, and you need to apply to trade it with a verified account.
member
Activity: 458
Merit: 10
September 16, 2018, 07:56:04 AM
#39
if you want to sell USDT I think it's very easy, and you can look for exchanges that have the use you need in the trade, and I think that's a good way.
legendary
Activity: 1176
Merit: 1024
September 16, 2018, 07:30:08 AM
#38
So I converted My BTC to USDT, Now how I can convert USDT to real USD cash?
USDT is NOT dollar. It is another crypto based coin, it is literally the USD Token. Yes it is usually tied to dollar value and if you want to sell bitcoin to usdt you sell it with dollar valuation but that is just the digital version of it and does not represent dollar at all in real life.

When you want to buy something and it costs 100 dollars, you can't spend 100 USDT and buy it, it has even less usage in real life than any other coin out there. Most coins can be used in at least one place whereas USDT only good for trading. So if you have usdt and you want to sell it, the best way to do so is on an exchange and you can get it out.
full member
Activity: 476
Merit: 105
September 15, 2018, 12:50:26 PM
#37
Buy USDT on some exchange like Binance, OKEX, Huobi
No USDT is an altcoin you can't send it directly to your bank you need to have a pairing of USD or other local fiat trading and that specific exchange should have an option to cash out to banks and other option to get physical fiat, KYC is necessary to avail that option, you should first look for your own local exchange for easy and convenient transactions.
full member
Activity: 308
Merit: 101
September 15, 2018, 12:41:35 PM
#36
Moving USDT between exchanges is costly, you don't really find to USDT/USD pair, just move to a coin that has usd pair, and sell it for usd.
sr. member
Activity: 448
Merit: 281
September 15, 2018, 11:03:14 AM
#35
Any crypto currency can be exchanged for fiat. To begin with, you need to find exchanges where possible. Next, see which currencies are available for exchange on fiat. Then just buy the currency that is available for exchange for fiat (or if you have this currency, then just exchange it).
To date, you can exchange USDT to USD on the Kraken. Here's a link if you need to find out the latest information https://coinmarketcap.com/currencies/tether/#markets.
You can also exchange USDT for fiat in the local crypto currency exchange.
Any cryptocurrency can only be exchanged for fiat if the fiat based exchange accepts the cryptocurrency you have unless you want to convert it to the one they have from the USDT and go convert to fiat. Sure, there are some exchanges like Kraken, and even bittrex recently allowing direct conversion to USD as the case may be, but for someone that may want to be using other local exchanges, just very few people will give you equivalent of USDT in fiat.

You need to use bots for easy solution. 3commas is an example. This bots accepted by almost all top exchange sites. Connect your exchanges account using 3commas. Step: (1) Head over to 3commas (2) Register an account (3) Login to dashboard (4) Click on connect to exchanges.  Now you are ready for change or convert your USDT to another fiat money or real money or any coins. You can add as much exchanges as you can or want. That’s all. 
What does bot have to do with selling your USDT to USD for heaven sake? You necessarily do not have to use bot to end up achieving that. Just use an exchange that accepts conversion to fiat and that will only be possible if they have USDT listed; otherwise, you may just have to change to the listed coin first. This is totally different from someone who is trying to trade using a bot as they are certainly not even in the same lane at all.
newbie
Activity: 70
Merit: 0
September 14, 2018, 07:31:43 AM
#34
You can‘t. Even Kraken only offers a trading pair USDT/USD. So as long as there are enough USDT buying orders, you can sell your USDT. If there are now buying orders you will have to trust Tether that they have enough USD or cryptos to give you USD.
member
Activity: 294
Merit: 10
September 14, 2018, 07:02:01 AM
#33
You need to use bots for easy solution. 3commas is an example. This bots accepted by almost all top exchange sites. Connect your exchanges account using 3commas. Step: (1) Head over to 3commas (2) Register an account (3) Login to dashboard (4) Click on connect to exchanges.  Now you are ready for change or convert your USDT to another fiat money or real money or any coins. You can add as much exchanges as you can or want. That’s all. 
hero member
Activity: 798
Merit: 503
September 04, 2018, 07:08:32 PM
#32
Any crypto currency can be exchanged for fiat. To begin with, you need to find exchanges where possible. Next, see which currencies are available for exchange on fiat. Then just buy the currency that is available for exchange for fiat (or if you have this currency, then just exchange it).
To date, you can exchange USDT to USD on the Kraken. Here's a link if you need to find out the latest information https://coinmarketcap.com/currencies/tether/#markets.
You can also exchange USDT for fiat in the local crypto currency exchange.
sr. member
Activity: 481
Merit: 251
September 04, 2018, 04:26:44 PM
#31
So I converted My BTC to USDT, Now how I can convert USDT to real USD cash?
I liked a lot the statement from the USTD that there is no guarantee that you will get back your USD or whatever else that you will exchange to Tether, lol. I'm not going into it yet.
member
Activity: 210
Merit: 10
“Tackling Climate Change Using Blockchain”
August 25, 2018, 09:50:19 AM
#30
There are many exchanges where USDT is listed., trade on those exchange.  If there are offer off the exchange market, you can take them as well  if there is an agreement on escrow and other safety measure!
legendary
Activity: 1190
Merit: 1001
August 25, 2018, 08:44:15 AM
#29
USDT is a cryptocurrency Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited. its best place where you hold your crypto in case of panic selling or some other situation. it can be redeemed through the Tether Platform.
Look for BTC/USDT market to buy BTC with USDT. you can directly redeem on this website - https://tether.to/

Guyz can I withdraw my USDT into my wallet? like some one said Tether is a altcoin so do this altcoin having a computer hardware wallet too?

yes you can look for Omni Wallet which provides service for storing USDT on online platform and offline platform such as wallet.
full member
Activity: 257
Merit: 100
August 25, 2018, 08:40:22 AM
#28
Guyz can I withdraw my USDT into my wallet? like some one said Tether is a altcoin so do this altcoin having a computer hardware wallet too?
member
Activity: 560
Merit: 10
August 25, 2018, 08:16:40 AM
#27
We have so many ways to get your USDT over many exchangers just like Bittrex, binance and gate.io and here's what I know how to sell your money now.
member
Activity: 308
Merit: 10
August 25, 2018, 07:36:11 AM
#26
So I converted My BTC to USDT, Now how I can convert USDT to real USD cash?

You did wrong. You should not have changed Bitcoin to USDT. I don't know, maybe USDT can convert to USD. But you could convert Bitcoin to USD in Cex.io or Coinbase. If you can't find a way, you should convert it back to BTC and convert it to USD.

Yes you are right, you should not changed your bitcoins into usd because you will not earn more profit in this way since fiat is not growing its value while bitcoins can skyrocket depending on the situation in the market.
full member
Activity: 506
Merit: 101
1 & 0 😏
August 25, 2018, 07:22:18 AM
#25
So I converted My BTC to USDT, Now how I can convert USDT to real USD cash?

You did wrong. You should not have changed Bitcoin to USDT. I don't know, maybe USDT can convert to USD. But you could convert Bitcoin to USD in Cex.io or Coinbase. If you can't find a way, you should convert it back to BTC and convert it to USD.
sr. member
Activity: 742
Merit: 253
August 25, 2018, 03:15:19 AM
#24
Indeed, this problem is very simple, you only need to find an exchange that has support for USD, often found on your country's local exchanges, usually every country provides it to secure your own money rather than out there, of course if it is associated with an account often requires data Personally, to convince a bank or something, this is not called sales, but this is the exchange of Bitcoin to USD after entering your account data to be able to withdraw money and become a real USD.
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