Bitget Exchange offers two convenient methods to sell your USDT (Tether) through their OTC (Over-The-Counter) trading platform. This guide provides step-by-step instructions for both Quick Sell and Manual Trade options, ensuring a smooth transaction process.
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Prerequisites for Selling USDT
Before proceeding, ensure you have:
- Completed identity verification (KYC)
- Bound a payment account (e.g., Alipay, bank card)
- Sufficient USDT balance in your OTC account
Method 1: Quick Sell USDT
Step-by-Step Process:
- Log in to your Bitget account and navigate to "OTC Trading" from the homepage.
- Select "Sell USDT" → "Quick Sell".
Enter either:
- Sell amount (¥500–¥500,000) or
- Quantity of USDT to sell.
- Choose a payment method (Alipay recommended).
- Click "Sell USDT".
Post-Order Actions:
- If your OTC account lacks funds: Transfer USDT from your Spot Account to OTC Account.
- After buyer payment: Verify receipt of payment in your Alipay/bank account before releasing coins.
- Confirm release: Enter your funds password to complete the transaction.
Method 2: Manual Trade (Self-Select Ad)
Step-by-Step Process:
- Select "Sell USDT" → "Manual Trade".
- Browse available buyer ads and choose one with favorable terms.
- Enter your sell amount/quantity (¥500–¥500,000 limit).
- Select a payment method and confirm the sale.
Post-Order Actions:
- Monitor the transaction for buyer payment.
- Verify payment receipt before releasing USDT.
- Use your funds password to finalize the trade.
Key Considerations
- Order Timeout: Unpaid orders expire automatically.
- Security Alert: Never release coins without confirming payment.
- Disputes: Contact Bitget support for unresolved issues.
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FAQs
Q1: What’s the minimum USDT sell amount on Bitget?
A: The minimum is ¥500 (or equivalent in USDT).
Q2: How long does a buyer have to pay?
A: Typically 15–30 minutes, depending on the ad terms.
Q3: Can I cancel an OTC sell order?
A: Yes, if the buyer hasn’t paid within the timeframe.
Q4: Why is identity verification required?
A: To comply with anti-money laundering (AML) regulations.
Q5: Which payment methods are fastest?
A: Alipay processes payments instantly, while bank transfers may take hours.
Summary
Bitget’s OTC platform provides flexible options to sell USDT securely. Always verify transactions and use trusted payment methods to safeguard your assets.