How to Sell USDT for RMB: A Step-by-Step Guide

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Selling USDT (Tether) for Chinese yuan (RMB) has become a common practice among cryptocurrency users in China, especially those looking to cash out their digital assets. With increasing regulatory scrutiny and platform changes, knowing the correct and efficient way to convert USDT into fiat currency is essential. This guide walks you through the entire process—from transferring funds to completing a successful peer-to-peer (P2P) transaction—while also helping you choose the best blockchain network for withdrawals.

Whether you're using a major exchange like Huobi or another platform, the general steps remain consistent. We'll focus on clarity, security, and efficiency so you can confidently sell your USDT and receive RMB directly to your bank account, WeChat, or Alipay.

Step 1: Transfer USDT to Your Fiat Account

Before selling USDT, ensure your tokens are in the correct wallet. Most exchanges separate spot wallets (used for trading cryptocurrencies) from fiat wallets (used for P2P transactions).

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To begin:

  1. Log in to your exchange account.
  2. Navigate to the Assets or Wallet section.
  3. Locate your USDT balance under the "Spot" or "Crypto Wallet."
  4. Select Transfer and move the desired amount of USDT from your spot wallet to your Fiat & Spot Wallet.
  5. Confirm the transfer. This usually completes within seconds.
🔍 Tip: Always double-check wallet names and network types before confirming any transfer.

Step 2: Access the P2P (Peer-to-Peer) Trading Section

Once your USDT is in the fiat wallet, go to the P2P Trading section—often labeled as “CNY Trading” or “Fiat Trading” at platforms like Huobi.

This marketplace connects buyers and sellers directly. You’ll see various offers from users willing to buy USDT in exchange for RMB via:

Each offer displays key details:

Step 3: Place a Sell Order

Now it’s time to sell:

  1. Click on Sell USDT.
  2. Browse available buy orders.
  3. Choose one that matches your preferred payment method and price.
  4. Enter the amount of USDT you want to sell (or click “All” if selling everything).
  5. Review the estimated RMB amount you’ll receive.
  6. Click Confirm Sell.

At this point, an escrow system holds your USDT securely while the buyer sends payment.

Step 4: Wait for Buyer’s Payment

After placing your order:

⚠️ Never release USDT before confirming receipt of funds in your personal bank, Alipay, or WeChat account.

Step 5: Confirm Receipt and Release USDT

Only after verifying the RMB has arrived in your account should you proceed:

  1. Check your bank statement or app.
  2. Match the amount with the order details.
  3. Return to the trade page and click Confirm Receipt and Release.

Once confirmed, the USDT is released to the buyer, and the transaction is complete.

❗ Warning: Scammers may send fake payment screenshots. Always rely on official transaction records from your financial app.

Choosing the Right Network: ERC20 vs TRC20 vs Omni

When depositing or withdrawing USDT, selecting the right blockchain network impacts speed, cost, and reliability.

Here’s a breakdown of popular options:

✅ TRC20 (Tron Network)

👉 Discover secure ways to transfer stablecoins across networks.

✅ ERC20 (Ethereum Network)

⚠️ Omni (Bitcoin Network)

📌 Recommendation: For most users selling USDT on exchanges, TRC20 is optimal—it's fast, nearly free, and widely supported.

Frequently Asked Questions (FAQ)

Q1: Can I sell USDT directly for cash on an exchange?

Yes, most major exchanges support P2P trading where you can sell USDT directly for RMB via bank transfer, Alipay, or WeChat Pay—no third-party needed.

Q2: Is it safe to sell USDT using P2P?

It’s generally safe when using reputable exchanges with escrow protection. Always check seller/buyer ratings and avoid off-platform communication.

Q3: Why did my USDT withdrawal fail?

Common causes include:

Q4: Are there daily limits on selling USDT?

Yes, exchanges impose daily trading limits based on KYC level. Higher verification levels unlock larger transaction caps.

Q5: What happens if the buyer doesn’t pay?

The exchange’s escrow system protects you. If the buyer fails to pay within the time limit, the order is canceled and your USDT is returned.

Q6: Should I use TRC20 or ERC20 for depositing USDT?

Use TRC20 unless the receiving platform specifically requires ERC20. It's cheaper and faster for most use cases.

Final Tips for Selling USDT Safely

  1. Stick to Trusted Platforms: Use well-known exchanges with strong security and user protection policies.
  2. Verify Payment Personally: Never trust screenshots—check your own banking app.
  3. Avoid Public Wi-Fi: Conduct transactions only on secure networks.
  4. Enable Two-Factor Authentication (2FA): Protect your account from unauthorized access.
  5. Keep Records: Save transaction IDs and chat logs for dispute resolution.

👉 Stay ahead in crypto with tools that simplify trading and transfers.

By following these steps and understanding the nuances of blockchain networks, you can efficiently and securely convert your USDT into usable RMB. Whether you're cashing out profits or managing liquidity, staying informed ensures safer and smoother transactions in the evolving digital asset landscape.

Note: Cryptocurrency regulations may vary; always comply with local laws when conducting financial activities.