Stablecoins offer the advantages of blockchain technology while maintaining the value of your crypto similar to traditional fiat currencies. By mitigating concerns about market volatility, stablecoins provide a more reliable means of conducting transactions in the crypto market. At the same time, they play a crucial role in facilitating crypto remittances, especially in developing countries, where access to banks and other financial institutions may be limited.
The most popular stablecoin is Tether (USDT). And if you’re a USDT user who wants to learn how to sell USDT quickly, this guide can help.
What Is USDT?
USDT is a stablecoin that matches the value of the U.S. dollar. It has been around the market since 2014, founded by a company called Tether Limited. As of writing, USDT is the third largest cryptocurrency by market capitalization, next to Bitcoin (BTC) and Ethereum (ETH).
Where to Sell USDT
A wide range of platforms allows you to sell USDT for cash. These may include but are not limited to crypto payment platforms, crypto exchanges, crypto automated teller machines (ATMs), and some apps like Cash App.
Choosing the right platform based on your needs is crucial in successfully selling USDT. Be sure to research the platform’s security, ease of use, speed, transparency, regulatory compliance, and customer support before taking your pick.
How to Sell USDT
The exact process of selling crypto may be different for each platform. To give you an overview, this is how it may go in a crypto app for beginners:
- Log in to the app.
- Deposit USDT from an external wallet. If you’re using an exchange, you must withdraw your USDT and send them to your wallet address on the crypto payment platform.
- Go to the app’s home screen and tap USDT.
- Once you’re on the USDT screen, tap the sell icon.
- Enter how much USDT you want to sell.
- Confirm with your passcode.
- The cash will reflect in your wallet.
How Much Does It Cost to Sell USDT?
Conversion fees are usually a certain percentage of the sold amount, but the exact figure comes down to the platform you will use. In Ka.app, for instance, crypto-to-crypto conversion fees may range from 0.376% to 2.504% of the converted amount.
How Long Does It Take to Sell USDT?
It usually takes just a few seconds, although it may still depend on the platform you will use.
How Can I Convert USDT to Other Crypto?
With Ka.app, converting USDT to other crypto takes just a few taps. Here’s a step-by-step guide:
- Log in to the app.
- Look for USDT on the home screen and tap.
- Tap the convert icon.
- Choose the cryptocurrency you want to convert USDT to. For instance, BTC.
- Enter the number of USDT you want to convert to your chosen crypto.
- Complete the conversion by entering your passcode.
If you need additional resources, we also have guides on how to convert BTC to USDT, convert USDT to ETH, convert USDT to BNB, and more.
The Bottom Line
With the increasing crypto adoption, selling USDT offers an opportunity to convert crypto to fiat easily. This can be a straightforward process when you choose a reliable platform, follow the right steps, and prioritise security.
FAQ
How can I withdraw USDT to cash?
You can cash out USDT in various ways. To name a few, you can use a crypto payment app that offers fiat on- and off-ramp services using international bank account numbers (IBAN); do peer-to-peer (P2P) trading; use a crypto exchange that enables you to send money directly to a bank account; withdraw using a crypto ATM; or for large transactions, do over-the-counter (OTC) trading.
Learn more about how to withdraw crypto.
What other stablecoins can I use aside from USDT?
Some popular stablecoins in the crypto market include USD Coin (USDC), Binance USD (BUSD), True USD (TUSD), and Dai (DAI), among others.
What is Ka.app?
Ka.app is a crypto payment platform that allows you to send crypto payments quickly and for free. You can also convert a wide range of cryptocurrencies, lock up KASTA tokens, receive payments in your preferred currency, and more.