so what to do with USDT ?!

[target]

He can send his tether to coinbase and exchange it to usd going to his bank. Coinbase supports USDT. 

I'm not sure if binance offers a gateway going to a US bank account but the fact that they have USDT, this should mean they have. I haven't been into that situation where I hold USDT waiting to withdraw, for the most part, we exchange this to BTC or ETH to withdraw.

[gentlemand]

Coinbase supports USDT. 

No it does not.

Coinbase custody have just announced you can deposit and withdraw ERC20 based USDT, but it's only for institutions and there's no mention of exchanging it for anything else.

Coinbase does USDC and DAI.

[target]

Coinbase supports USDT. 

No it does not.

Coinbase custody have just announced you can deposit and withdraw ERC20 based USDT, but it's only for institutions and there's no mention of exchanging it for anything else.

Coinbase does USDC and DAI.

That sucks. Its a good thing though that there is https://www.binance.com/en/trade/USDC_USDT  I guess this still is an option and then send USDC to coinbase. Price doesn't have much difference unless he gets to have a hundred thousands that need to be sent.

[monero.org]

Can you sell your USDT for paypal USD?   I'd probably be one of the user who will buy and that's straight going to you account which you can directly sent to your bank too.

[gentlemand]

That sucks. Its a good thing though that there is https://www.binance.com/en/trade/USDC_USDT  I guess this still is an option and then send USDC to coinbase. Price doesn't have much difference unless he gets to have a hundred thousands that need to be sent.

Coinbase would be crazyheads to give USDT their full endorsement. It's far, far too sketchy and their investors would probably tear them a new one. They would probably love to as there's a shit ton of money to be made with it but that's a shitcoin too far for them.

They unquestionably list crappier stuff but at least they're transparently crap.

Can you sell your USDT for paypal USD?   I'd probably be one of the user who will buy and that's straight going to you account which you can directly sent to your bank too.

Yes. But you would be mad to do it. It's probably against Paypal's terms, but the much bigger likelihood is the Paypal buyer initiating a charge back and you finish up with nothing. No one sells Bitcoin for Paypal who's sane for the same reasons. Bitcoin is not reversible. Paypal certainly is.

[monero.org]

If the person on the other side is a scammer, there will be chargeback. Terrible mistake for him but trusting the legendary reputable and trusted members here is okay. I have tried buying from the users willing to make transaction.

He can sell his usdt here https://bitcointalk.org/index.php?board=53.0

My account is not gonna be qualified if he state a rule to only legendary members with green numbers.

[Shallow]

hi guys

am new here, but  i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for   am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?

My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD  

need help figuring this out.

thanks,

If I understand clearly, you wanted to sell some of your Bitcoin to fiat and withdraw to your bank? If that is the case, then it is possible with Binance but however comes with varying conditions; first you need to check if Binance support fiat withdrawal in your country, currently there are a good number of countries where users can trade and withdraw fiat via Binance. Secondly, if Binance supports fiat withdrawal in your country then you need to verify your Binance account that is, carrying out the KYC. Once the kyc is verified, you can sell your Bitcoin to fiat then withdraw, you might not even need the P2P trading interface, you just trade your Bitcoin to fiat, and then withdraw, I believe it is faster that way.

[Mianae]

You can use Coinmetro exchange they offer fiat services to traders. Bittrex has a USD option which I think can be connected directly to your bank account. I haven't used the Bittrex USD option but that of Coinmetro is connected directly to your bank account. USDT is a stable coin you can hold it, it's price won't depreciate.

[pixie85]

its a stable coin, its for you to trade and hodl if you doesnt want to be affected with the volatility of the market.

There's no point in hodling usdt. It doesn't appreciate in value. It's like an electronic version of the dollar but much more unpredictable.

If Dollar goes up usdt will go up in value but if it goes down it will also go down. The scary truth settles in when you realize that usdt is a private centralized coin and if it goes down, disappears, goes bankrupt, your money will be lost but real dollar will remain unaffected.


My advice for OP: get rid of usdt. If you want to cash out get fiat, don't hold usdt!
If you want to invest buy some coins, but again don't hold usdt.

[mersal]

For converting small amount of bitcoins into actual fiat then p2p sites like paxful or localbitcoin seems the best.You can hold USDT if you want but there is not actual use of holding that coin so convert back into bitcoin or other coin then convert them into fiat using p2p sites.

[flagpara]

hi guys

am new here, but  i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for   am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?

My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD  

need help figuring this out.

thanks,

Your problem is very simple like your provided information. Binance exchange recently added five more fiat currency. As your country's situation will be different. If your country is out of this list, use other exchanges like Coinbase. Without exchange, several websites could buy Bitcoin in your country but should be careful. One if you're new here, how did you get 0.95 BTC two years ago?

[WalkerIVIV]

For converting small amount of bitcoins into actual fiat then p2p sites like paxful or localbitcoin seems the best.You can hold USDT if you want but there is not actual use of holding that coin so convert back into bitcoin or other coin then convert them into fiat using p2p sites.

It's better to convert it into the crypto that can bring us a lot of benefits. The only actual benefit from holding USDT to avoid the volatility and that's the only usage for USDT.

People can trade use it to trade without any problem to loss thei profit. It offers less advantage to the holders.

[JHORN]

hi guys

am new here, but  i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for  am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?

My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD 

need help figuring this out.

thanks,

So if I get you very well you are planning to exchange your Bitcoin to Fiat? If I'm correct you need to change that USDT back to Bitcoin and send to LUNO wallet, you need to set up a luno account and do KYC then you will be able to sell for Fiat and move into your bank account

[BLTC]

Well, The most simplest thing you can do is transfer the USDT to an exchange that accepts it  and you can convert it to USD. But, Because it's just a small amount, I'd recommend just letting it stay in Binance because for me there's no point to do that work for a few dollars. right? So just hold it there and if you plan to trade some more BTC or other coins, then your fees are basically covered.

[irixo10]

hi guys

am new here, but  i have been holding 0.95 BTC since more than 2 years now, just today am getting into exchanges and i picked Binance, i was trying to sell a small amount 0.0061 BTC through their Trading Platform, and i managed to sell it, but i was surprised when i found my BTC was sold for yet ANOTHER cryptocurrency called USDT !!! then what is the point am selling for  am selling to get FIAT in exchange, now am stuck with yet another crypto in my binance wallet which i cant store on my trezor, can someone advise on any reputable exchange where i can trade BTC to actual FIAT and then withdraw to my bank account ?

My second question how to go about this USDT i ended up with >! how to get FIAT in exchange for it ?? Binance P2P wont buy ur USDT in small amounts, they need at least 1000 to exchange to USD 

need help figuring this out.

thanks,

The selling to USDT isn't by magic you were the one that selected it, could be you weren't fully aware that it was BTC/USDT pair you clicked on. Regardless of that, there is no issue as you can still sell back to your preferred fiat currency. Before doing that, it is better to check the list of supported fiat currencies on Binance to see if yours is among, if it is, then select the BTC/USDT pair again, this time around sell to BTC first, then sell to your fiat. The reason is, most fiat currencies have BTC and BUSD as their trading pairs. Lastly, to successfully, withdraw the fiat, you will need to be verified, that is, sending your documents to Binance to verify you.

[DarkDays]

I personally invest my stablecoins on platforms like Nexo, Binance lending products, and margin lending.

On average these generate an APR of between 6-15% per year, but they can be considered relatively safe ways to turn a profit—assuming these platforms can avoid being hacked for the duration of the investment.

https://interest.coinmarketcap.com/

The above link has a few examples of places that offer a return on stablecoins. Be sure to do your own due diligence though.

[rexxarofmoknathal]

Echoing what the others have said so far, I invest my USDT in Nexo right now and get 10% interest.

The platform has a good amount of insurance over user funds, and I believe it uses a custody solution too, so should be safer than the lending products offered by most exchanges.

You can also use your USDT to provide liquidity using one of the myriad DeFi protocols, check out DeFi pulse as there's a bunch on there that offer safe returns on USDt.

[havoc928]

its a stable coin, its for you to trade and hodl if you doesnt want to be affected with the volatility of the market.

There's no point in hodling usdt. It doesn't appreciate in value. It's like an electronic version of the dollar but much more unpredictable.

If Dollar goes up usdt will go up in value but if it goes down it will also go down. The scary truth settles in when you realize that usdt is a private centralized coin and if it goes down, disappears, goes bankrupt, your money will be lost but real dollar will remain unaffected.


My advice for OP: get rid of usdt. If you want to cash out get fiat, don't hold usdt!
If you want to invest buy some coins, but again don't hold usdt.

Good advice! I rather convert USDT to fiat money than holding it. Otherwise, I'll choose to invest in another coin. If I want a stable coin to hold my investment, I'll choose ETH. I usually store my capital in either ETH or BTC. In that way, I can both keep my capital and earn profit at the same time. 

[pankaj1234]

Usdt is stable coin in cryptocurrencies market which is not too much volatile like another coin. Anytime when we are expecting a crash in market you can convert your crypto in USDT where your total value will not decrease. After crash you can buy with these USDT any coin for a good profit quickly. USDT is a coin that has support from traders all over the world.

[Deeshawn]

I will advice you trade with the USDT, study a good altcoin to trade on exchange, when the token is dumping, buy with your USDT, when the token Pumps, exchange back to USDT, keep doing this and in few days you should be in profit.