How to Sell Tether (USDT)

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Sep 22, 2022
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4 min read
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This blog post will cover:

  • Where and when to sell USDT
  • How to sell USDT

SimpleSwap crypto exchange is there to help you to exchange coins and tokens in the most convenient and fast way. We are constantly working on making our service better. At the moment we are happy to provide an opportunity to swap, buy, and sell a wide range of cryptocurrencies. Here you can sell USDT (ERC-20) to get USD and EUR.

USDT (ERC-20) is a token built on the Ethereum blockchain. It is pegged to the value of the US dollar in a 1:1 ratio. Tether (USDT) was created in 2014 to enable people to use crypto. The most important feature of the Tether tokens is that they eliminate the majority of the problems related to cryptocurrency volatility. USDT is 100% backed by Tether reserves. Tether is also known as a fully transparent platform, as it publishes daily reports of total assets and reserves.

Where and when to sell USDT

Since the market situation can hardly influence the USDT token, there are other reasons that can make you sell it. For example, if you decide to stop holding stablecoins. In this situation, SimpleSwap is happy to lend you a hand. We are determined to make our customers’ experience as pleasant as possible.

How to sell USDT

If you decide to sell USDT (ERC-20) to USD, you are welcome to follow the instruction:

  • Choose the USDT-to-USD pair
    
    There should be Tether (USDT) in the “You send” section.
    
    Enter the amount of
    USDT (ERC-20) you would like to sell.
    
    Check that there is US Dollar (USD) in the “You get” section.
    
    Click the “Exchange” button.
  • Confirm your intention to sell Tether (USDT)
    
    Check the details and click the “Create an exchange” button.
    
    To continue crypto-to-fiat operation you need to agree with the Terms of Service and Privacy Policy.
    
    If everything is fine, click the “Sell” button.
  • Provide the necessary information to sell USDT
    
    You will be redirected to the page operated by our partner Mercuryo to sell
    USDT (ERC-20) for USD. You’ll be asked to provide your email and verify your identity.
    
    Fill in the card info, you will get USD to this bank card when the operation is finished. Don’t forget to mention your refund address.
  • Sell USDT (ERC-20) and receive USD
    
    Then, you’ll see a blockchain address to send
    USDT (ERC-20). When it is done, just wait for USD to come to your bank card. Track your operation status by email.

Looks pretty simple, right? We are also glad to provide you with a great detailed video guide to show the whole step-by-step process of dealing with fiat-to-crypto operations.

Please, notice that a fiat-to-crypto and crypto-to-fiat exchange feature is offered to you by Mercuryo, SimpleSwap’s independent partner. SimpleSwap doesn’t keep or have access to your personal data and does not assume any liability or any loss or damage caused by your usage of Mercuryo’s services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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