Sell USDT to Bank Account
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How to Sell USDT to Bank Account
How to transfer USDT to Bank Account? 
First of all, let us remind you that fiat- and crypto- currencies are two very different things. The same way you can’t store your USD or EUR in your crypto wallet, you can’t store USDT in your bank account, there is no “USDT banking”.
However, you can always sell USDT and receive a quick fiat payout to your bank account. To do this is actually really easy - all you need is a Paybis profile, some USDT, and a bank account. The whole process takes just a few minutes!
Just a heads-up - Paybis currently supports only EUR-denominated bank accounts, but more currencies are coming soon, so stay tuned!
4 Steps to Withdraw USDT to Bank account
Need to sell USDT? Look no further - just follow these four simple steps:
Sign up for an account at Paybis
Select the amount of USDT you want to sell
Type in your bank account details
Send USDT to the address we’ve generated for you
That’s it! Now you know how to sell Tether quickly, securely, and conveniently. Should you have any questions - our 24/7 live chat support is available for you!
Which exchange is the best to sell USDT?
Selecting a trusted exchange can be a hard thing, we get it. Here are three green flags we advise you to search when selecting a crypto platform to sell Tether:
Regulated by a recognized financial institution. Like Paybis who are registered with FinCEN in the US & FINTRAC in Canada.
Been on the market for a long time. Paybis has been making crypto-wishes come true since 2014.
Have verified reviews on platforms like Trustpilot. Make sure to check out our profile with over 17,000 excellent reviews!
Is it cheap to sell Tether on Paybis?
Paybis is definitely one of the most affordable places to sell USDT ERC20. One of the things our customers love about us is that there are no hidden fees - you know what you pay for, with a full breakdown available before you start a transaction:
Tether fee - a fee that will be charged by the blockchain for the crypto transfer.
Paybis fee - our commission & revenue helping us remain one of the best platforms on the market
Bank Transfer fee - charged by the bank to deliver a payout.
Top-notch security
Compliant with the strictest international regulations
Full fee transparency
See a breakdown of the fees, upfront. No surprises
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FAQ
Is Paybis a trusted crypto exchange?
You know it. With tens of thousands of positive reviews, internationally-recognized crypto registrations, and a long-standing reputation, Paybis is certainly your go-to exchange provider which you can trust.
USD and USDT - is that the same thing?
No! USD is a fiat currency, that is, one of those issued by the government. USDT is a cryptocurrency - decentralized & blockchain-powered.
While USDT is pegged against USD (meaning its price is “tied” to the US dollar), they are still very different things.
How long does it take to transfer USDT to bank account?
While Paybis payouts are instant, the exact time your money will be available in your account depends on your bank. The exchange itself on Paybis shouldn’t take more than 5 minutes.
If your bank supports instant transfers, expect it in 1-2 minutes. If it doesn’t, it can take up to 1-2 working days. If you have several bank accounts, always opt for one that supports quick transfers.
Can I convert USDT to cash?
Certainly. With Paybis, you can seamlessly exchange USDT for a bank transfer. Just send the crypto you want to sell and look out for your bank deposit. It’s up to you to decide what you want to do with fiat then - indeed, one of the options is to cash it out at your local ATM.
Which bank account can I withdraw to?
At the time of writing, Paybis only supports European bank accounts denominated in euro (EUR). We are working hard on adding support for more bank accounts, stay tuned for exciting news! Regardless of the currency, always use a bank account in your own name. In case of any doubts - feel free to get in touch with our support team.
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