Selling USDT (Tether) to cash—especially converting it into fiat currency like Chinese yuan (CNY) or other legal tender—is a common need for cryptocurrency holders. Whether you're managing digital assets on exchanges like Huobi, Binance, or using wallets such as TokenPocket (TP Wallet), understanding the correct and secure process is essential. This guide walks you through the step-by-step methods, best practices, and safety tips for selling your USDT efficiently and securely in 2025.
Understanding USDT and Its Role in Crypto Trading
USDT, or Tether, is one of the most widely used stablecoins in the blockchain ecosystem. Pegged 1:1 to the US dollar, it offers price stability compared to volatile cryptocurrencies like Bitcoin or Ethereum. This makes USDT a preferred medium for trading, storing value, and transferring funds across platforms.
When traders want to exit their crypto positions, they often convert their assets into USDT first before cashing out. This two-step process—crypto → USDT → fiat—is standard across most centralized exchanges.
👉 Discover how to securely trade and withdraw USDT with low fees today.
Step-by-Step: How to Sell USDT on Major Exchanges
1. Using Huobi (HTX) to Sell USDT
Huobi Global, now rebranded as HTX, supports OTC (over-the-counter) trading for users looking to convert USDT into CNY.
Steps:
- Log in to your Huobi account.
- Navigate to the "OTC" or "CNY Trading" section.
- Select "Sell USDT".
- Choose a buyer with a trusted rating and preferred payment method (e.g., Alipay, WeChat Pay, or bank transfer).
- Enter the amount of USDT you wish to sell.
- Confirm the order and wait for the buyer to make the payment.
- Once payment is received, click "Confirm Receipt" to release the USDT.
⚠️ Always verify the buyer’s reputation and use only official OTC channels to avoid fraud.
2. Selling USDT on Binance
Binance offers a robust OTC marketplace where users can directly sell USDT for local currencies.
Process:
- Transfer USDT from your wallet or another exchange to your Binance account.
- Go to [Trade] > [OTC].
- Click "Sell USDT", select your payment method, and choose an offer.
- After completing the transaction, funds will be credited to your bank account or digital wallet.
This method is fast and efficient, especially during high liquidity periods.
Transferring from Wallets: How to Sell Crypto via TP Wallet
If you're holding crypto in a non-custodial wallet like TP Wallet, you’ll need to move your assets to a centralized exchange before selling.
TP Wallet to Exchange: Step-by-Step
- Open TP Wallet and go to your asset list.
- Select the cryptocurrency you want to sell (e.g., BTC, ETH).
- Tap "Send" or "Withdraw" and paste the deposit address from your exchange (e.g., Binance or OKX).
- Choose the correct network (e.g., TRC-20, ERC-20) to minimize fees and ensure fast confirmation.
- Confirm the transaction and wait for blockchain confirmation.
- Once credited, go to the exchange’s spot market, trade your crypto for USDT, then proceed to OTC to sell USDT for CNY.
👉 Learn how to safely transfer and convert USDT with advanced security features.
Selling USDT Without an Exchange: Alternative Methods
While exchanges are the most common route, there are other ways to cash out USDT:
1. Peer-to-Peer (P2P) OTC Desks
Some platforms allow direct trading between individuals. These P2P markets often feature escrow services that protect both parties.
2. Offline Cash Transactions
For large amounts, some users prefer face-to-face trades. However, this carries significant risk and should only be done in safe environments with verified identities.
3. Decentralized Exchanges (DEXs)
On-chain platforms like Uniswap or PancakeSwap let you swap crypto for stablecoins like USDT without KYC. After conversion, transfer USDT to a centralized exchange for fiat withdrawal.
Ensuring Safety When Selling USDT
Security is critical when dealing with digital assets. Here are key precautions:
- Always double-check wallet addresses before sending funds.
- Use TRC-20 where possible for lower transaction fees.
- Never share your private keys or recovery phrases.
- Enable two-factor authentication (2FA) on all exchange accounts.
- Stick to verified merchants on OTC platforms.
Frequently Asked Questions (FAQ)
Q1: Can I sell USDT directly for cash without using an exchange?
Yes, but it's riskier. You can use P2P platforms or offline transactions, but these lack the protection of escrow systems offered by major exchanges.
Q2: What’s the fastest way to convert USDT to CNY?
The fastest method is using the OTC marketplace on exchanges like Binance or Huobi, where trades settle within minutes once payment is confirmed.
Q3: Why hasn’t my USDT arrived after transferring from Huobi to TP Wallet?
Check:
- The network used (e.g., ERC-20 vs TRC-20)
- Whether USDT is visible under the correct wallet tab
- The transaction hash on a blockchain explorer (like Etherscan or Tronscan)
Mismatched networks are the most common cause of missing deposits.
Q4: Is it safe to sell USDT through third-party apps or social media?
No. Transactions via WeChat or unverified platforms carry high fraud risk. Always use official exchange OTC services.
Q5: How long does it take to sell USDT and receive money in my bank account?
Typically 5–30 minutes, depending on buyer response time and bank processing speed.
Q6: Are there fees when selling USDT?
Most exchanges charge minimal or no fees for OTC trades, but blockchain withdrawal fees apply when transferring from wallets.
Final Tips for Smooth USDT Conversion
- Keep small amounts in hot wallets; store long-term holdings in cold wallets.
- Regularly update your wallet and exchange apps for security patches.
- Monitor market rates to avoid selling at unfavorable prices.
- Use platforms with strong customer support in case of issues.
👉 Maximize your trading efficiency with real-time tools and secure withdrawals.
Conclusion
Selling USDT doesn’t have to be complicated. Whether you're using Huobi, Binance, or managing assets through TP Wallet, following a clear process ensures fast, secure conversion into fiat currency. Always prioritize safety by using trusted platforms, verifying transactions, and protecting your private information.
By mastering these steps and staying informed about best practices in 2025’s evolving crypto landscape, you can confidently manage your digital wealth and enjoy seamless liquidity whenever needed.