Several ways to safely convert USDT into cash:
1. Withdrawal from compliant exchanges:
- Choose well-known and regulated exchanges, such as Binance, Coinbase, etc.
- Convert USDT to fiat currency on the platform, and then withdraw to your personal bank account.
- Pay attention to the withdrawal fees and minimum amount limits.
2. P2P platform transactions:
- Use platforms such as Binance P2P and OKX P2P to find reputable buyers.
- Check the seller's historical transaction records and reviews to ensure transaction security.
- Avoid face-to-face cash transactions. If necessary, choose a public safe place.
3. Over-the-counter transactions (OTC):
- Suitable for large transactions, it is recommended to use services such as Huobi OTC and Binance OTC.
- Sign a written agreement before large transactions to clarify the transaction conditions.
4. Cryptocurrency ATM:
- Find nearby ATMs through websites such as CoinATMRadar.
- Although the handling fee is high, it provides instant exchange and better privacy protection.
5. Private offline exchange:
- Only trade with familiar or highly reputable individuals.
- Choose a safe place, such as a bank, and confirm the transfer on the spot.
6. Payment platform settlement:
- Such as PayPal (supports some areas), Revolut, etc., can convert USDT into legal currency.
- Suitable for small-amount quick exchange, easy to operate.
Safety tips:
- Avoid using unknown small platforms.
- Verify the identity information of the transaction object.
- Pay attention to local laws and regulations to ensure tax compliance.
In short, in order to ensure the safety of funds, you should choose a reputable, legal and compliant channel to exchange USDT.