Selling USDT (Tether) for fiat currency like RMB is a straightforward process when using reputable exchanges. This guide will walk you through the steps while highlighting key considerations for security, speed, and cost-effectiveness.
Step-by-Step Guide to Selling USDT
- Transfer Funds
Move your USDT from the spot wallet to your fiat account within the exchange. Look for the "Transfer/Withdraw" option next to USDT and enter the amount you wish to sell. Navigate to OTC Trading
Click on "Fiat Trading" or "OTC Platform" in the exchange's top menu. Major platforms support payments via:- Bank transfers
- WeChat Pay
- Alipay
Initiate USDT Sale
Select "Sell — USDT" to view available buy orders. Pay attention to:- Price differentials
- Payment methods
- Transaction limits (minimum/maximum RMB amounts)
- Confirm Order Details
After choosing an offer, enter your USDT amount or select "All" for a full balance sale. Double-check all information before proceeding. - Complete the Transaction
Once the buyer pays, verify the receipt in your linked payment account before releasing the USDT. Most transactions finalize within 15-30 minutes.
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Choosing Between USDT Networks: ERC20 vs. TRC20 vs. Omni
| Network | Speed | Fee | Security Level |
|---|---|---|---|
| TRC20 | Fastest | Free | Medium |
| ERC20 | Moderate | ~1 USDT | High |
| Omni | Slowest | ~5 USDT | Highest |
Key Recommendations:
- For frequent small transactions: Use TRC20 for zero fees
- For large transfers: Opt for Omni's enhanced security
- For Ethereum ecosystem projects: Choose ERC20
FAQ Section
Q: How long does USDT withdrawal take?
A: Processing times vary by network: TRC20 (2-5 minutes), ERC20 (10-30 minutes), Omni (30-60 minutes).
Q: Is there a daily selling limit for USDT?
A: Limits depend on your exchange account verification level, typically ranging from 50,000 to 500,000 RMB daily.
Q: What's the safest way to receive fiat for USDT?
A: Always use exchange-verified merchants and avoid private transactions. Bank transfers offer the most dispute resolution options.
Q: Why do different USDT networks exist?
A: They operate on separate blockchains (Tron, Ethereum, Bitcoin) with distinct technical characteristics to serve diverse user needs.
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Remember to always verify wallet addresses before transferring and start with small test transactions when using new networks or recipients.