How To Withdraw USDT To A Bank Account

USDT, commonly known as Tether, is a stablecoin pegged 1:1 to the US dollar. This means its value remains relatively stable compared to other cryptocurrencies, allowing holders to avoid the typical price fluctuations and market volatility. For many crypto users, USDT serves as a reliable digital asset for preserving value and facilitating seamless transactions.

We’re here to navigate you through that process, giving a step-by-step guide and covering all the common withdrawal methods.

Ways to Withdraw USDT

Let's explore your options. You can't directly transfer USDT to your bank, but crypto exchanges let you convert it to fiat and then withdraw it. There are several ways to do it. You can use the following services:

• Cryptocurrency exchanges

Many popular crypto exchanges let you convert USDT into fiat (USD, EUR, etc.) and then transfer the money to your bank account. Easy conversion tools at most exchanges make this method popular but you should check the fees and withdrawal limits.

• Peer-to-peer exchanges:

On P2P exchanges, you find users to directly buy your USDT with fiat currency, and then transfer the money to your bank account. The fees are typically low, but you might not find a buyer right away. Plus, there’s a risk of running into someone who wants to scam you, so only use P2P exchanges with verified users.

Cryptomus P2P prioritizes trust. It has verification badges for trusted sellers, a secure built-in trading chat, and a wide variety of offers with favorable terms.

How to Withdraw USDT via P2P Platform?

This method allows you to sell USDT directly to other users and receive fiat (e.g., USD, EUR) via bank transfer or other payment systems. Here's how to do it (with Cryptomus as an example):

• Log in to your Cryptomus account.
• Go to the P2P section. On the dashboard, find the “P2P” tab and click on it. Click “Sell” and choose USDT as the currency.
• Select your preferred payment method. For example: SEPA, PayPal, Payeer, Wise, etc.
• Review available offers. Choose an existing offer with a good rate and reliable buyer.
• Start the trade. Once a buyer accepts your terms, they will transfer fiat to your specified account.
• Confirm fiat receipt. Make sure you’ve received the money, then release USDT from escrow.
• Transaction complete. You’ve successfully withdrawn USDT to fiat using the P2P method.

How to Withdraw USDT via Cryptocurrency Exchange?

Now that we’ve thoroughly covered how to withdraw USDT via P2P, let’s explore an alternative method — withdrawing through a cryptocurrency exchange. Here’s a detailed instruction guide below:

• Select a trusted exchange.
• Transfer USDT to your exchange wallet.
• Sell USDT for fiat.
• Provide your bank account details.
• Initiate withdrawal.
• Verify and confirm.

While choosing an exchange platform make sure to opt for the trusted one with a positive working base and support for USDT operations. Carefully review the bank account details for errors before confirming.

If you want to withdraw money to another wallet instead of a bank account, you will need a withdrawal address. A USDT withdrawal address is the unique identifier for the wallet you're sending USDT into. Double-check that address, as any mistake can lead to irreversible fund loss.

Plus, different wallets and exchanges may have various fees and processing times, so review those issues beforehand as well.

Things to Consider While Cashing out USDT

Don't rush to cash out your USDT! By considering these factors first, you can ensure a smooth process and make informed decisions:

• Fees: make sure to familiarize yourself with all kinds of fees you may be charged, from platform transaction fees to bank charges.

• Withdrawal limits: some platforms limit the amount of USDT you can withdraw or have withdrawal limits. Check these issues out to ensure they match your needs.

• AML-compliance: ensure that the exchange you are withdrawing from follows strict Anti-Money Laundering (AML) regulations. Using a compliant platform helps prevent your transactions from being flagged or blocked by authorities or your bank due to suspicious activity, such as potential money laundering.

• Account verification: many crypto exchanges require users to pass a verification process, such as KYC, before allowing withdrawals. Ensure you go through with it successfully to avoid delays.

• Taxes: withdrawing USDT profits may result in tax liability depending on your location. Consult a tax advisor for guidance.

That’s it! By following these simple steps, you can easily withdraw USDT to your bank account and manage your funds with confidence and security. If you have any questions or want to share your experience, feel free to leave a comment below!

FAQ

What Are USDT Withdrawal Fees?

USDT withdrawal fees are the charges applied when converting USDT coins to fiat or transferring it to another external wallet. If you withdraw USDT to an external crypto wallet, you will need to pay a network fee and an exchange fee for the withdrawal. If you withdraw to a bank card, you only pay the platform's processing fee. In the latter case, it is worth remembering that the commission size is usually higher than when transferring crypto to another wallet.

How to Withdraw USDT to PayPal?

While PayPal doesn't directly accept USDT at this time, there's still a way to make it work. To withdraw USDT to PayPal, follow these steps:

• Log in to the platform where you hold USDT.
• Convert USDT to a fiat supported by PayPal.
• Pick Tether as a crypto to withdraw.
• Enter the withdrawal amount.
• Pick PayPal as a withdrawal method.
• Follow instructions to complete the process.

On Cryptomus P2P, you can select PayPal as your preferred payment method and find buyers who will pay directly to your PayPal account.

How to Withdraw USDT from Trust Wallet?

As a non-custodial wallet, Trust Wallet requires transferring USDT to a withdraw-enabled exchange first. To withdraw USDT from Trust Wallet, you need to:

• Go to the “Wallet” tab of Trust Wallet.
• Pick your USDT wallet.
• Click on “Withdraw”.
• Enter the withdrawal amount.
• Enter the withdrawal address.
• Review and confirm.

After you have received the money in another wallet (for example, on an exchange), you can withdraw it using the method described in the article.

How to Withdraw USDT from MetaMask?

When it comes to MetaMask, the process is very similar to Trust Wallet. So, you transfer USDT to a wallet that supports withdrawals and move the funds to your bank account after that. How to withdraw USDT from MetaMask? Let’s see!

• Go to the “Withdraw” section of MetaMask.
• Select USDT.
• Enter the withdrawal address.
• Enter USDT amount.
• Confirm a transaction.

How to Withdraw USDT from Exodus?

Like Trust Wallet and MetaMask, Exodus doesn't allow direct bank account withdrawals for USDT. To cash out your USDT, you'll need to send it to a crypto exchange that allows USDT withdrawals and then withdraw it from there.