Steps to sell USDT on the Binance exchange (for beginners to save).
I. Log in to your account and complete identity verification.
1. Account login.
Visit the Binance official website or App, and log in using your account password or two-factor authentication (e.g., SMS/Google Authenticator).
2. Identity verification (if fiat trading is needed).
If you need to sell USDT through fiat channels (e.g., bank transfer), you must first complete KYC identity verification (upload ID documents, facial recognition, etc.).
II. Choose the trading method: Fiat trading or crypto-to-crypto trading.
Method 1: Fiat Trading (direct exchange for cash).
1. Enter the fiat trading area.
On the Binance homepage, select 【Buy Crypto】→【C2C Trading】 or 【Quick Sell Crypto】 entry.
2. Choose 'Sell USDT'.
In the trading interface, select the 'Sell' option, enter the amount of USDT to sell (or the corresponding fiat amount), and the system will match you with buyers who support that amount.
3. Confirm the order and complete the transfer.
– According to the payment method provided by the buyer (e.g., bank account, Alipay, WeChat, etc.), transfer USDT to the buyer's specified Binance wallet address.
– After waiting for the buyer to confirm receipt, the system will automatically release USDT, and the fiat funds will be deposited into your account.
Note: Carefully verify the buyer's reputation score, payment method, and order time limit to avoid fraud risk.
Method 2: Crypto-to-Crypto Trading (exchanging for other cryptocurrencies)
1. Enter the spot trading page.
On the Binance homepage, select 【Trade】→【Spot】→ search or select the target trading pair (e.g., BTC/USDT, ETH/USDT, etc.).
2. Place a sell order for USDT.
– Limit Order: Set your desired selling price and quantity, and the order will automatically execute when the market price reaches that price.
– Market Order: Sell USDT immediately at the current market price.
3. View asset changes.
After the transaction, the obtained cryptocurrency (e.g., BTC, ETH) will be deposited into the spot wallet and can be traded further or withdrawn to other platforms.
III. Withdraw fiat or cryptocurrency.
1. Fiat withdrawal (must have sold through fiat trading).
In 【Wallet】→【Fiat Account】, choose to withdraw to the linked bank account or third-party payment platform.
2. Cryptocurrency withdrawal.
– If you obtain other cryptocurrencies through crypto-to-crypto trading, you can choose to withdraw to an external wallet address in 【Wallet】→【Spot Account】 (ensure the address is correct).
– Pay attention to withdrawal fees and the matching of chain types (e.g., ERC20, TRC20) to avoid asset loss.
IV. Notes and risk reminders.
1. Platform status monitoring.
If you encounter system failures on Binance (e.g., withdrawal suspension, trading anomalies), you need to pause operations and pay attention to announcements.
2. Trading security.
– When trading with fiat currency, be sure to follow the platform's escrow process to avoid private transactions.
– Beware of large transfer risks (e.g., unusual address transfers require secondary confirmation).
3. Exchange rate and fees.
There are significant differences in exchange rates and fees for different trading methods; it is recommended to compare before selecting the optimal solution.
Summary.
The core process of selling USDT on Binance is to choose a trading method → place a limit order/match with buyers → confirm the transaction → withdraw funds. Specific operations should be based on personal needs (fiat cashing out or exchanging for other cryptocurrencies). It is recommended to prioritize high-reputation advertisers in fiat trading and pay attention to the platform's real-time status to avoid risks.