How to Turn USDT into GBP on Binance in 2021

Converting USDT to GBP on Binance can be a straightforward process, especially if you follow the right steps. In this guide, we’ll walk you through the entire process, from setting up your account to executing the transaction. Let’s dive in.

Setting Up Your Binance Account

Before you can start converting USDT to GBP, you need to have a Binance account. Here’s how to set one up:

1. Visit the Binance website and click on “Register.” Fill in the required details, such as your email address, password, and phone number.
2. Check your email for a verification link and click on it to verify your email address.
3. Go back to the Binance website and complete the phone number verification process by entering the code sent to your phone.
4. Once your account is verified, you can proceed to the next step.

Verifying Your Binance Account

For security reasons, Binance requires you to verify your account. Here’s how to do it:

1. Log in to your Binance account and go to the “User Center” section.
2. Click on “Level 2 Verification” and follow the instructions to provide the required documents, such as your ID, proof of address, and a selfie with your ID.
3. Once your account is verified, you’ll have access to more features, including the ability to withdraw funds.

Depositing USDT to Your Binance Account

Now that your account is set up and verified, you need to deposit USDT into your Binance wallet. Here’s how to do it:

1. Go to the “Funds” section of your Binance account and click on “Deposit.” Select USDT from the list of available cryptocurrencies.
2. Copy the USDT deposit address provided by Binance.
3. Use a USDT wallet or exchange to send USDT to the address you copied. Make sure to double-check the address to avoid sending funds to the wrong wallet.
4. Wait for the transaction to be confirmed. This process can take a few minutes to several hours, depending on the network congestion.

Converting USDT to GBP on Binance

Once your USDT is in your Binance wallet, you can convert it to GBP. Here’s how to do it:

1. Go to the “Exchange” section of your Binance account and select “Basic” or “Advanced” trading, depending on your preference.
2. Search for the USDT/GBP trading pair. You can do this by typing “USDT” in the search bar and selecting “GBP” from the list of available currencies.
3. Choose the type of order you want to place. You can place a market order, which will execute immediately at the current market price, or a limit order, which allows you to set a specific price at which you want to buy or sell.
4. Enter the amount of USDT you want to convert to GBP and click “Buy GBP” or “Sell GBP,” depending on your order type.
5. Review your order and confirm it. Once the order is executed, your GBP will be credited to your Binance account.

Withdrawing GBP from Binance

After converting USDT to GBP, you may want to withdraw your GBP to a bank account. Here’s how to do it:

1. Go to the “Funds” section of your Binance account and click on “Withdraw.” Select GBP from the list of available currencies.
2. Enter the amount you want to withdraw and the bank account details where you want the funds to be sent.
3. Review the withdrawal details and confirm the transaction. Keep in mind that there may be a withdrawal fee associated with this process.
4. Wait for the withdrawal to be processed. This process can take a few minutes to several days, depending on the bank and the network congestion.

Important Tips

Here are some important tips to keep in mind when converting USDT to GBP on Binance:

• Always double-check the address and currency when depositing or withdrawing funds to avoid sending funds to