Selling the cryptocurrency you hold on Binance to get USDT requires only 3 actions: enter the trading pair, click "Sell", and input the amount. To convert USDT into your local fiat currency (like USD, EUR, etc.), you need to execute a C2C (Peer-to-Peer) sell. This article clearly explains the complete process of converting "Crypto → USDT → Fiat". It is recommended to familiarize yourself with the order book on the Binance Official Website and then use the Binance Official APP to complete the subsequent steps on your mobile device. iPhone users please refer to the iOS Installation Guide.
Three Things to Check Before Selling
Before starting the operation, please confirm:
- The crypto you want to sell is in your Spot Account (not Futures, Margin, or Earn).
- The corresponding trading pair exists (most mainstream coins have a USDT trading pair).
- The current market conditions are clear to you, avoiding blind selling.
If the crypto is in the Funding Account or Earn Account, you must transfer it back to the Spot Account before placing an order. This can be done via "Wallet" → "Transfer".
Step 1: Enter the Spot Trading Page
On the web version, click "Trade" at the top → "Spot". After entering, type the ticker symbol of the coin you want to sell into the search box on the left, such as "ETH", and then click the "ETH/USDT" trading pair.
On the APP, the path is: "Trade" at the bottom → switch to "Spot" at the top → search for the coin → select the USDT trading pair.
Once you enter the order book, switch to the red "Sell" button in the order placement area on the right. By default, it might be on the "Buy" tab, so please check carefully.
Step 2: Choose the Order Type
- Market Order: Executes immediately at the best available bid price in the order book. This is the most worry-free option for beginners.
- Limit Order: Specifies a target price. The order waits in the order book if the current price is lower than the target price.
- Stop-Limit Order: Automatically converts into a Limit Sell order when the price drops below a certain trigger price.
If the price has reached your target / you want to get USDT immediately → Use a Market Order. If you want to wait for a better price → Use a Limit Order. If you are worried about a sudden drop / doing risk control → Use a Stop-Limit Order.
Step 3: Enter the Selling Amount
There are two input boxes in the "Sell" tab:
- Amount: How many coins you want to sell.
- Total: The estimated USDT you will receive from this transaction.
The two boxes are linked; filling in one automatically calculates the other. You can also drag the percentage slider:
- 25% = Sell one-quarter of your holdings.
- 50% = Sell half.
- 75% = Sell three-quarters.
- 100% = Sell all (liquidate position).
After confirming the amount, click the red "Sell XXX" button. A pop-up will display the estimated USDT to be received and the trading fee. Click "Confirm" to place the order.
Step 4: Verify USDT Arrival
Market orders execute in seconds. Go back to "Wallet" → "Spot Account", and you will see:
- The sold crypto: Balance decreased.
- USDT: Balance increased.
The standard trading fee is 0.1% on both sides. Enabling BNB fee deduction offers a 0.075% discounted rate.
If You Want to Convert to Fiat Currency
Receiving USDT is only the first step. Converting USDT into your local fiat currency requires going through the C2C (P2P) selling process:
- Transfer the USDT from your Spot Account to your Funding Account.
- Go to the top menu "Trade" → "P2P" (or C2C).
- Select "Sell → USDT".
- Choose your Payment Method (e.g., Bank Transfer, local e-wallets).
- Pick a merchant with high trading volume, a large number of orders, and a completion rate >98%.
- Enter the selling amount and click "Sell USDT".
- Wait for the merchant to pay into your designated account.
- Only after the funds arrive in your bank account, click "Payment Received, Release Crypto".
- The USDT is then transferred out of your Funding Account, and the C2C transaction is complete.
The entire C2C process takes about 5-15 minutes. It is strictly forbidden to click "Release Crypto" before receiving the funds, otherwise, the transferred USDT cannot be recovered.
Pricing Tips When Selling Crypto
Check the Order Book Depth Before Acting
If you are selling a large amount at once (e.g., crypto worth tens of thousands of USDT), selling directly at the market price might eat through several levels of the order book, resulting in an average execution price lower than the currently displayed market price. In this scenario, it is recommended to:
- Split the order: Sell in multiple smaller batches.
- Use Limit Orders: Place limit orders at the current price or slightly lower.
Avoid Highly Volatile Periods
Around the opening of the US stock market and late at night, market volatility tends to be higher. If you are sensitive to price, try to place orders during periods when the market is stable.
Frequently Asked Questions
Q: When does the USDT arrive after selling?
A: Market orders arrive instantly, and you can see the balance change in your Spot Account immediately. Limit orders require waiting until the price reaches your target before executing, which could take a few seconds or several days.
Q: What if I cannot sell my crypto?
A: There are three common reasons: first, the coin has been delisted (Binance occasionally delists low-liquidity coins); second, your account is restricted due to risk control; third, your order amount is below the minimum requirement. Troubleshooting sequence: check announcements → check Security Center → try again with a larger amount.
Q: Are trading fees refundable if I cancel the order?
A: They are not refundable if the order is executed. Binance spot trading fees are deducted directly upon execution. If the order is not executed, it does not matter (no fee is charged for unexecuted orders). If you want to save on fees, holding BNB and enabling fee deduction is currently the most convenient way to save money.
Q: What should I do with "Small Balances" after selling 100% of my position?
A: Due to decimal precision, the final execution may leave a fraction of a cent. Go to "Wallet" → "Spot Account" → "Convert Small Balances to BNB" to convert these fractions into BNB with one click, keeping your asset list clean.