As a crypto trader or investor, there may be times when you’ll need to sell Tether USDT. In this post, we will be using Kraken exchange as reference.
A crypto asset unlike most others, USDT mirrors the value of the U.S. dollar but runs on a blockchain, meaning it provides the functionality of the U.S. dollar without the transfer delays that can be common when trading real dollars between bank accounts.
This means that by buying and selling USDT at the right time, you may be able to gain exposure to the upward movements of crypto assets more quickly.
Kraken’s global order book can offer you the ability to sell USDT for a variety of traditional currencies, meaning it can be an alternative for timely FX trading as well.
For more information on how you can sell USDT if and when an opportunity presents itself, follow the steps outlined below.
How to sell USDT on Kraken
Found a trade you want to execute? Follow these simple steps below to sell USDT:
Sign up for a Kraken account.
You just need an email address, username and a strong password.
Verify your Kraken account.
All you need is your name, birth date, country of residence and a phone number.
Send USDT to your Kraken Address
If you want to sell USDT for another cryptocurrency (like BCH or XRP), first you’ll need to create a deposit address in your Kraken account. Depositing USDT on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell USDT for cash (like USD or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.
Sell USDT
Once your account has received funding, you can begin selling USDT and other cryptocurrencies on Kraken.
Simply open the New Order page, fill out the order form and click SELL.
Start selling Tether USDT
Not seeing a timely trade? You can always continue holding value in USDT. If you do, be sure to bookmark our pricing page so you can spot opportunities when they arise.