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How to Turn USDT into USD in Binance: A Step-by-Step Guide
Norfin Offshore Shipyard2024-09-21 21:54:18【price】3people have watched
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Binance, one of the largest cryptocurrency exchanges in the world, offers a wide range of trading pairs and services for its users. One common question among traders is how to convert USDT (Tether) into USD (US Dollar) on Binance. In this article, we will provide a step-by-step guide on how to turn USDT into USD in Binance.
1. Create a Binance account
Before you can start trading or converting cryptocurrencies on Binance, you need to create an account. Visit the Binance website and click on "Register." Fill in the required information, including your email address and a password. Once you have completed the registration process, you will receive an email with a verification link. Click on the link to verify your email address.
2. Verify your Binance account
To ensure the security of your account, Binance requires you to verify your identity. Log in to your Binance account and go to the "User Center" section. Click on "Verification" and follow the instructions to complete the verification process. This may include providing a government-issued ID, proof of address, and a selfie with your ID.
3. Deposit USDT into your Binance account
To convert USDT into USD, you first need to have USDT in your Binance account. You can deposit USDT by clicking on the "Funds" tab at the top of the Binance website. Select "Deposit" from the dropdown menu, and choose USDT from the list of available cryptocurrencies. Copy the deposit address and paste it into your USDT wallet or exchange. Once the deposit is confirmed, the USDT will appear in your Binance account.
4. Convert USDT into USD
Now that you have USDT in your Binance account, you can convert it into USD. Click on the "Exchange" tab at the top of the Binance website. Select "Basic" from the dropdown menu to view the basic trading pairs. Look for the USDT/USD trading pair and click on it.
On the trading page, you will see two columns: "Buy" and "Sell." To convert USDT into USD, you need to sell USDT. Enter the amount of USDT you want to sell in the "Amount" field. The system will automatically calculate the equivalent amount of USD you will receive. Review the transaction details and click on "Sell USDT."
5. Withdraw USD from your Binance account
Once the USDT has been sold and converted into USD, you can withdraw the USD from your Binance account. Click on the "Funds" tab at the top of the website, and select "Withdraw" from the dropdown menu. Choose USD from the list of available currencies. Enter your bank account details, including the account number, routing number, and bank name. Enter the amount you want to withdraw and click on "Submit."
6. Confirm the withdrawal
After submitting your withdrawal request, you will receive a confirmation email. Check your email and click on the link to confirm the withdrawal. The USD will be transferred to your bank account within a few minutes to a few hours, depending on your bank's processing time.
In conclusion, converting USDT into USD on Binance is a straightforward process. By following these steps, you can easily convert your USDT into USD and withdraw the funds to your bank account. Remember to always keep your Binance account secure and verify your transactions to avoid any potential issues. Happy trading!
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