How To Sell Tether (USDT) in Australia

CEX.IO is one of the most popular crypto exchanges operating around the globe, including Australia. As a result, our platform offers enthusiasts from Down Under multiple avenues to seamlessly buy, sell, trade, and convert their crypto holdings, including Tether. 

Recently, we covered how to buy USDT in Australia through our comprehensive guide meant for both experienced traders and crypto beginners. In this guide, we explore how to sell USDT instantly in Australia, ensuring a quick and hassle-free process. Let’s start.  

What is the best way to Sell USDT?

The best way to sell USDT depends on various factors, including experience in the crypto field, financial goals, and the current market conditions, which shouldn’t be neglected. 

Those looking to take advantage of our comprehensive price charts and market analysis can sell their USDT holdings through Spot Trading. Using this feature, eligible users may have the opportunity to exchange USDT at a more favorable market price. However, keep in mind such a venture requires a high level of expertise, as well as an understanding of fundamental and technical analysis, among many other things. 

On the other hand, for users looking to avoid potential trading complexities, we offer other, more beginner-friendly solutions to sell USDT through our Wallet and Convert features, available via our web browser platform and mobile apps (iOS and Android). This way, interested parties can sell their USDT holdings and receive fiat or other cryptocurrency beyond trading. 

Can I sell USDT into other coins?

In short, yes. CEX.IO offers numerous functionalities and services to make one’s life easier. CEX.IO Convert feature is one of those solutions, allowing eligible customers to convert their USDT to BTC or any other vetted asset with a simple click/tap. 

The best way to utilize the Convert feature is through the CEX.IO Mobile app available across iOS and Android devices. Here’s how to sell USDT for other cryptocurrencies: 

• Open your CEX.IO app and log in using your credentials. 
• From the app dashboard, switch to the Wallet tab.
• Once you’re in, tap Convert. 
• Next, select USDT as the asset you want to exchange.
• Choose BTC or any other crypto as the cryptocurrency you’d like to receive.
• Tap Convert to complete the exchange process.

Step-by-Step Guide: How to Sell USDT in Australia

Beyond converting, Aussie enthusiasts can also sell USDT and receive AUD in return. While CEX.IO does not directly support AUD for deposits or withdrawals (we currently support EUR, USD, and GBP), our platform will automatically handle the conversion process for Australian customers. 

This means once users sell their USDT, the equivalent value in AUD will be deposited directly to their linked credit or debit cards. It’s vital to note that, in addition to bank-issued cards, participants from Australia can withdraw their funds through Google Pay, Apple Pay, Skrill, and bank transfers. 

The most initiative way to sell USDT is through our Wallet function. Below, we outline the steps to sell cryptocurrency instantly: 

1. Log in to your CEX.IO account. 
2. Head on to Withdraw or Send if you’re using the mobile app. 
3. Enter the amount of USDT you want to sell.
4. Choose where to send the funds (linked card, bank account, or any other available alternative payment gateway). 
5. Make sure you entered the correct amount of USDT. 
6. Complete the process following the on-screen instructions. 

Disclaimer: The availability of withdrawal payment methods may differ between countries due to varying regulations. We encourage Aussie enthusiasts to research the availability of specific withdrawal methods before selling USDT. 

FAQs

How long does it take to cash out Tether?

The time needed for the cash out can vary between exchanges and selected withdrawal methods. As for exchanges, CEX.IO typically confirms withdrawals within 1-3 business days. When it comes to withdrawal gateways, bank transfers may take up to 7 days, while credit and debit cards usually process these transactions faster. 

What are the fees for selling USDT?

The fees for selling USDT may vary between platforms, withdrawal methods, and the amount of crypto one’s looking to sell. Make sure to check the exchange’s limits and commissions before initiating USDT withdrawals. 

Do I need a USDT wallet?

Just like buying and storing USDT, selling it also requires a crypto wallet. This wallet acts as a secure location for users USDT, holding it until they’re ready to sell or transfer their USDT holdings. The good news for Australian enthusiasts is that they don’t need to worry about setting up a separate wallet for USDT. Upon registering on CEX.IO, participants from Australia receive a free CEX.IO Wallet that supports not only USDT but also other 200+ popular assets.