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Table of Contents

How to sell/convert USDT (Tether) to Fiat/Cash in Binance: USDT(exchange) → Fiat

Download Binance from the Google play store, Register and verify.

Selling Crypto via P2P is a 3-stage process:

• Deposit or Transfer Crypto,
• Creating a sell order
• Receiving cash.

Step A: Transfer or deposit crypto into Binance

1a. Transfer Crypto from Spot or Futures wallets to Funding wallet (within Binance)

• Step 1 of 12: Select Assets (on the bottom right) > Go to Funding
• Step 2 of 12: Select Transfer > Select Spot Wallet or USD-M Futures (as applicable) in the From field > Ensure Funding is selected in the To field

1b. Deposit crypto from an external wallet to Binance, follow this link.

Step B: Create a Sell Order

1. Select Buyer who wants to buy your respective crypto in exchange for the respective cash you want e.g. USDT-KES

   (NB Buyer selection criteria are availed below)*

   • Step 3 of 12: Select Assets (on the bottom right) > Go to Funding > Select Send.
   • Step 4 of 12: Select P2P Trading (if preferred withdrawal method)
   • Step 5 of 12: Select the preferred Fiat Currency e.g. Kes that you would like to receive in exchange for crypto
   • Step 6 of 12: Select the respective Crypto you would like to sell i.e. search for USDT
   • Step 7 of 12: Select Sell to create a sell order

2. Complete Sell Order details

   • Step 8 of 12: Select By Crypto
   • Step 9 of 12: Enter the Amount of Crypto to sell
   • Step 10 of 12: Select a buyer with the Payment method that you would prefer the buyer to pay you with.
   • Step 11 of 12: Select Swipe to place order

• Buyer - Click the arrow to read how to review a buyer in general (For purchases below 1000 USDT)

<aside> <img src="/icons/brightness-high_lightgray.svg" alt="/icons/brightness-high_lightgray.svg" width="40px" /> My Buyer selection criteria, considering above parameters, looks as follows:

A. Service Metrics

1. Completed percentage >99% : (Indicates reliability)
2. Total trades >1,000 trades : (Indicates good experience)
3. Liking percentage >99% : (Indicates reliability)
4. Time 15min or less : (Indicates availability)

B. Financial Metrics

1. Rate: Sell: Higher rate is better or Listed on top
2. Crypto amount: The higher the amount the better.
3. Limit: look for Liquid & Inclusive
   1. Max: The higher better: (Indicates liquidity)
   2. Min: The lower the better: (Indicates inclusivity)
4. Payment method: The more the options the better (Indicates accessibility)

To ease the selection criteria do the following (handle financial metrics as follows):

• Filter for respective amount you want to get (based on local currency)

• Filter for Payment mode you would want to receive

• Now primarily to focus on service metrics </aside>

• Buyer - Click the arrow to read how to review a buyer in detail for purchases above 1000 USDT (In addition to General review instructions)

• You can review the buyer’s terms in the trade info section.
• You can add additional payments as shown in step 3b below. To display your preferred payment method select a buyer that pays through that channel and it will be displayed.