How to Sell Tether (USDT)
As a crypto trader or investor, there may be times when you’ll need to sell USDT.
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.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some USDT!
New to crypto?
For more details on how USDT derives its value, read our official “What is Tether?” guide.
Why sell USDT?
Given the unique attributes of USDT, you may find buying and selling it becomes a powerful tool in your trading arsenal.
You might sell USDT if you want to:
- Capture gains in times of sudden price movements
- Execute on a timely short-term trading strategy
- Fund trades quickly without waiting for cash funds to transfer between banks
- Increase your portfolio’s exposure to more volatile crypto assets
- Settle your funds at the end of a trading session.
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 Bitcoin, Ethereum, 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. Check our USDT price charts to time the market for the best possible selling times.
Start selling 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.
If you have more technical questions, you can also reach us on LiveChat or by email 24/7/365.
Kraken