Tether (USDT) is categorized as stablecoin. It is popular for crypto investors or traders to cash out USDT into other currencies because of its stablecoin characteristic. USDT mainly mirrors the value of the USD but it runs on a blockchain, that means it has the functions of USD but no more transfer delays, like trading via bank accounts. If you cash out at the right time, you can easily gain exposure to the upward movements of crypto assets as soon as possible. In Hong Kong, there are different ways to sell USDT to HKD at your convenience.
Over-the-counter (OTC) – Sell USDT via a dealer network
Over-the-counter (OTC), which is an informal trade exchange, allows buyers and sellers to trade without the supervision of an exchange. Yes, it sounds shady. Yet, it is absolutely legal and good for the deal in large amounts as you can negotiate the price with your personal trader and get a better rate. Better rate, better return! For instance, if you wish to sell USDT at 50 thousand HKD, you could send your request at OTC platform and obtain a better rate with your personal trader. There are fewer regulations on this OTC market and let everyone enter the market easily and freely.
USDT Pro is one of the platforms for you to sell USDT under the OTC market. They settled the OTC trades less 15mins to provide instant transactions. Your quote can be agreed on immediately to make sure that the price will not follow the market to have a big drop. This makes sure that the deal can be more stable.
P2P trading – direct exchange between buyers and sellers
Peer-to-peer (P2P), according to Investopia, is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. The P2p trading volume has been growing rapidly nowadays. There are so many P2P trading platforms that were launched in the crypto market.
P2P platform gives privacy since buyers and sellers can search people directly so the third party does not know the details of their cryptocurrency trading. Also, the prices for cryptos will be relatively fixed to reflect the pricing on all other exchanges on the exchange platform. By P2P trading, you can look for the best prices you wish to sell.
One of the most trustable P2P platforms Binance launched different discounts for worldwide investors, such as no transaction fees with KES, ZAR and NGN. Also, they support a lot of E-wallet to link with so you can buy and sell USDT more convenience.
Sell USDT into Bitcoin
Since Bitcoin (BTC) is one of the most accepted cryptocurrencies, BTC could let you cash out easier because of the better liquidity and higher volume. That’s why you can sell USDT into BTC on different platforms, then you could cash out BTC with different settlement options. For example, you can cash out BTC with Amazon gift card or other goods and assets on Paxful.
Obviously, if you are aiming for a fast cash out. Coin to coin trade and cashing out may not be your beef.
There are numerous ways to sell USDT to HKD including USDT Pro. We offer an instant settlement from HKD to USDT instantly. Possibly, we offer the best rate in Hong Kong. Trade Now!