When you've made a profit, it's time to cash out. Converting the USDT in your Binance account back to Chinese yuan in your bank card is called "withdrawal" or "fiat sell." The overall process mirrors buying USDT, but there are a few details that require special attention.
Step 1: Make Sure USDT Is in Your Funding Account
Before selling on C2C, check which account your USDT is in:
- If it's in the "Spot Account," you'll need to transfer it to the "Funding Account" (also called "Fiat Account") first
- Path: "Wallet" > "Spot" > Find USDT > "Transfer" > Select transfer to "Funding Account"
The transfer is an internal operation — free of charge and completed in seconds.
Step 2: Go to the C2C Sell Page
In the Binance App or web platform:
- Click "Buy Crypto" > "C2C Trading"
- Select the "Sell" direction (be careful not to accidentally select "Buy")
- Choose "USDT" for the currency and "CNY" for the fiat
- Under payment method, select your receiving method (Alipay, WeChat, or bank card)
- Enter the amount of USDT you want to sell — the system will automatically show the corresponding CNY amount
Step 3: Match with a Buyer and Wait for Payment
After posting your sell order, the system will match you with a buyer (or they may take your order directly). Then:
- Wait for the buyer to transfer to your Alipay/WeChat/bank card (typically a 15-20 minute window)
- After the buyer pays, you must personally verify receipt: log into your Alipay/WeChat/bank app and confirm the funds have arrived
- Only click "Confirm Release" after confirming you've received the money
This is the most critical step: never click "Confirm Release" if you haven't received the money. Once you confirm and release, the USDT is transferred to the buyer — and if you haven't actually received payment, recovering it will be extremely difficult.
Step 4: Things to Note After Receiving Payment
After receiving the CNY, it will typically appear in your bank statement the same day or within a few days, usually without any special notation. Keep the following in mind:
Don't make large purchases immediately: Some banks have a brief monitoring period for large, sudden deposits. Wait 1-2 days after receiving funds before spending.
Don't sell too frequently: Multiple large C2C sales per week could trigger risk control reviews by your bank or payment platform, leading to account restrictions. Keep the frequency manageable and individual amounts reasonable.
Save records of every transaction: In Binance's C2C order history, you can view and screenshot every sale as backup documentation for your fund sources.
Pricing and Exchange Rate Notes
When selling USDT via C2C, the buyer's price will be slightly lower than the purchase price (the bid-ask spread). This spread is typically 0.5%-1.5%, which is normal. If there's a high USDT premium in the market, you might actually get a better deal selling than when you bought.
Also, if you hold BTC, ETH, or other cryptocurrencies, you'll need to sell them for USDT on the Binance spot market first, then sell the USDT for CNY via C2C. The process has two steps, but each one is straightforward.
Overall, the entire process from USDT to CNY takes about 10-30 minutes, with funds typically arriving the same day or the next day. This is currently the most commonly used cash-out method for domestic users.