Most important question to answer first is where you are, and which jurisdiction applies to you. Don't go Localbitcoins if you're from the US, for example, you don't want to go to jail.
If you're outside the US, chances are you can easily use Bitpanda without verification for that amount of Tether. Deposit it directly to them, and request bank payment. Not advertising, but it works easiest for Tether across almost all jurisdictions.
Topic: so what to do with USDT ?! - page 4. (Read 919 times)
so am down to kraken now and i have a simple question, is working with them as simple as:-
- create account
- get it verified
...
Where you come from?. Kraken has restricted countries like Afghanistan, Cuba, Iran, Iraq, North Korea,Tajikistan and Japan. also, does not offer service to residents of Washington state and New York. so be careful.- create account
- get it verified
...
Kraken offers fiat currency, if you want trading $ USD must be ready KYC level 2 (ID verification and Resident). so do not confident too much.
Also,they don't support Paypal.
[1]. https://insidebitcoins.com/cryptocurrency-exchanges/kraken-review#Supportedcountries
[2]. https://support.kraken.com/hc/en-us/articles/360000382423-Deposits-or-withdrawals-via-third-party-payments-processors-TPPPs-
There is some others way to do cash out. Binance is not one of those, yet.
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
unfortunately most of those regulated exchanges r either not supported in my country or look really suspicious to me ! no need to get into details, but i cant even activate my account on bitstamp because my country is not listed there ! coinbase is NOT supported where i live, so am down to kraken now and i have a simple question, is working with them as simple as:-
- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.
plz clarify this to me,
thanks,
If you can tell what is your country, you will get better suggestions from users here.
There is some others way to do cash out. Binance is not one of those, yet.
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
unfortunately most of those regulated exchanges r either not supported in my country or look really suspicious to me ! no need to get into details, but i cant even activate my account on bitstamp because my country is not listed there ! coinbase is NOT supported where i live, so am down to kraken now and i have a simple question, is working with them as simple as:-
- create account
- get it verified
- deposit funds in BTC (they call it XBT)
- sell my XBT for USD (NOT USDT)
- my money is USD will show up in my kraken account (real Fiat)
- I will withdraw it to my bank account in my own country of residence, or even hopefuly paypal.
plz clarify this to me,
thanks,
Stablecoins are models to stabilize the price against fluctuations to maintain the value of profits compared to the dollar, and therefore there is no real use of those currencies except in trading within the platforms.
USDT is the most popular model and therefore you will not have difficulty converting to fiat, but it is better to convert it back into BTC and then sell it normally.
Bitcoin price may go up quickly so to avoid losing it's best to sell them quickly.
USDT is the most popular model and therefore you will not have difficulty converting to fiat, but it is better to convert it back into BTC and then sell it normally.
Bitcoin price may go up quickly so to avoid losing it's best to sell them quickly.
I guess you made a bitcoin pair usdt by coincidentally because that is what trader did if they want to make a profit in USDT or bitcoin. You can use USDT to buy bitcoin back if the bitcoin price is down so you will get more amount with some dollars.
I don't know where you can trade bitcoin to fiat because that will depend on the local exchanges. But if you want to withdraw to your bank account, you can use Binance to withdraw the money. But maybe you need to find your local exchange so, with a local exchange, you can withdraw to your bank account.
How if you buy bitcoin again with the USDT amount that you already have, and then you send the bitcoin to your local exchange so you can sell your bitcoin to your fiat, and the local exchange can send the fiat to your bank account.
I don't know where you can trade bitcoin to fiat because that will depend on the local exchanges. But if you want to withdraw to your bank account, you can use Binance to withdraw the money. But maybe you need to find your local exchange so, with a local exchange, you can withdraw to your bank account.
How if you buy bitcoin again with the USDT amount that you already have, and then you send the bitcoin to your local exchange so you can sell your bitcoin to your fiat, and the local exchange can send the fiat to your bank account.
USDT is a stable coin you can sell it back to BTC and withdraw from exchange. You need to find a local exchange that you may convert your BTC to fiat. If your purpose to convert your BTC to fiat no need to use Binance.
You can use these exchanges that may support Bank transfer.
You can use these exchanges that may support Bank transfer.
- BestChange.com
- LocalBitcoins.com
- CEX.IO
- Coinbase
Usdt has been a stable coin to deal with market.everytime when market looking to dump, it is always beneficial to convert your Cryptocurrencies into usdt. Usdt market has been started by lots of exchanges so you can buy crypto with your usdt. Everybody should know that usdt can not too much pump or dump so it will not destroy you equity when you convert your crypto in usdt. You shouldn't have any problems with USDT since it's a popular stablecoin traded on several exchanges.
its a stable coin, its for you to trade and hodl if you doesnt want to be affected with the volatility of the market.
Trade it back to Bitcoin or transfer it to another exchange that accepts USDT. You shouldn't have any problems with USDT since it's a popular stablecoin traded on several exchanges. If you're going to a centralized exchange you'll have to do KYC and that'll take time for verification but if you prefer p2p you can also check the Currency Exchange section.
There is some others way to do cash out. Binance is not one of those, yet.
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
Their P2P market still really young. If you want USD just buy again an use another service such, hodlhodl, Bisq, Paxful or regulated exchanges like Coinbase, Bistamp, Kraken, etc to get money straight to your bank account...
hi guys
am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for
am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?
My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD
need help figuring this out.
thanks,
am new here, but i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for
am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD
need help figuring this out.
thanks,
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