GUIDE: Cash Out Stablecoins in Web3[USDT, USDC or DAI]

How to sell stablecoin?

Do you have some stablecoins in a Web3 wallet like Trust Wallet, MetaMask, or Phantom? Also, are you seeking instant methods to convert stablecoins into cash without creating an account on an external exchange? You have come to the right spot!

In this guide, I will help you with converting USDC, USDT or any other as instantly possible. Moreover, in the fast-paced world of cryptocurrencies, exchanging your stablecoin for cash is now as simple as a few clicks!

In particular, swapping stablecoins for cash allows investors to sell cryptocurrency directly within their wallets, eliminating the need to transfer funds to an external exchange. This feature streamlines the selling process, saving time and reducing transaction fees.

For crypto investors, cash-out crypto instantly offers the following benefits:

• Convenience: Swapping directly within the wallet eliminates the need to register for an external exchange, transfer funds, and wait for confirmations.
• Multiple cash-out options: You can use multiple cash-out providers including SEPA, Mastercard, Swift, Google Pay, Apple Pay, and many more.
• No local restrictions: You can sell from anywhere in the world

By continuing to read this guide you’ll learn the following on how to turn stablecoins into cash:

• How to cash out stablecoins for money by using the ChangeNow exchange
• How to do this from a Web3 wallet like Trust Wallet, MetaMask or Phantom
• Learn the difference between custodial and non-custodial exchanges

How To Cash Out Stablecoins in Crypto: Summary

In short, below are the necessary steps to sell stablecoins for cash without the need to sign up for a cryptocurrency exchange. Additionally, I will use the USDT for USD conversion as an example and have the crypto funds stored in an external crypto wallet(Trust Wallet).

Also, I’m using the ChangeNow exchange(non-custodial) as the platform. Overall, you have to do the following:

1. Select the exchange pair: USDT-to-USD
2. Choose cash out option: Bank transfer or VISA card
3. Send crypto(USDT) to the exchange
4. Receive money on your account(1 to 3 business days, mostly within hours)

The steps above are a quick take of the steps you have to follow. Later on in this guide, I’ll go into more detail by including screenshots. Remember that ChangeNow isn’t limited to USD conversions only. Meaning, you can also convert to CAD, EUR, GBP or any other currency in the world!

What Is A Non-Custodial Crypto Exchange?

Non-custodial cryptocurrency exchanges like ChangeNow are platforms that allow users to buy, sell, and trade cryptocurrencies. Additionally, without having to deposit their funds into the exchange’s custody. This means that users retain full control over their private keys and crypto assets at all times.

Non-custodial cryptocurrency exchanges work by acting as intermediaries between buyers and sellers. When a user places a trade order, the exchange matches the order with another user’s order and facilitates the trade without ever taking possession of the user’s funds.

Overall, they offer several advantages over traditional custodial exchanges, including:

• Security: Users’ funds are always under their control, which makes non-custodial exchanges less vulnerable to hacks and other security breaches.
• Privacy: Non-custodial exchanges typically do not require users to create an account or provide any personal information.

How to convert USDT for USD

Why Use ChangeNow as Crypto Cash Out Provider

Over the years, ChangeNow has built a trusted reputation as an instant crypto provider. It is known for its ease of use, focus on privacy with no account registration required, and competitive rates for swapping a wide range of cryptocurrencies for fiat currencies like USD. Their services are based upon two main pilars:

1. No account creation required: Unlike some other platforms, ChangeNow does not require you to create an account to swap your crypto for cash. This can be appealing if you value your privacy or simply don’t want to go through the hassle of signing up for a new service.
2. Wide variety of supported fiat currencies: ChangeNow supports a wide variety of fiat currencies for cash out, including USD, EUR, GBP, and JPY. This gives you more flexibility when it comes to choosing how you want to receive your money.

Here are some additional things to keep in mind when using ChangeNow:

• Rates: ChangeNow offers floating exchange rates, so the rate you get for your stablecoin will vary depending on market conditions. It’s a good idea to compare rates with other providers before making a trade.
• Limits: The platform has limits on the amount of crypto you can swap per transaction. These limits may vary depending on the fiat currency you are cashing out to.

To Cash Out Stablecoins in Web3: How Does It Work?

Before you begin with the crypto to fiat exchange:

• Ensure you have regular options to use as cash out methods. These include Visa & Mastercard, Google Pay, Swift and SEPA as the main methods.
• Have stablecoin funds(USDT) available in Trust Wallet or any other Web3 wallet. You can start a withdrawal by using the SEND option.

Step 1: Converting USDT to USD

• Access the ChangeNow USDT-to-USD swap page. This is typically found under the “Exchange” or “Buy/Sell Crypto” tab.

• Select USDT as the “You Pay” currency. Enter the amount of USDT you wish to swap and click Confirm button.
• You will be redirected to the Transak ‘Sell Crypto from Your Wallet’ page.

• Check the transaction details one more time and click ‘Sell Now’.
• From here you will be guided through a KYC process(Personal details) which is about 7 steps. Also, check here which countries Transak supports for cashing out crypto.

Step 2: Sending the Coins

If all KYC has been done, you can start sending the stablecoins. Do it in one of the following ways:

• Open your crypto wallet(Trust Wallet), copy the USDT address, create a transaction, paste the address, and send the sum.
• Enter your mobile wallet and scan the QR code — all the payment details will be entered automatically. Send your USDT coins in.

Remember to do this within 15 minutes. A quick tip: you can track the time in the Price Guarantee line above the form.

Step 3: Wait for The Payout

Once ChangeNow has received the USDT, it signals Transak and will start the payout process. It usually takes 1 to 2 business days for the funds to reach your account. However, often funds will be delivered on the same day, but I want to give you realistic expectations. Finally, an email will be sent with the details of the transaction.

All in all, this is the fastest way to cash out crypto from Trust Wallet to your bank account. Maybe you might find it a little bit risky, but it’s pretty easy!

Let’s go through the entire process one more time:

• Go to ChangeNow and enter conversion details
• If it’s your first time, provide KYC details on the Transak platform
• Send the stablecoins from your Trust Wallet or MetaMask
• Receive the money within days or even hours

And this is how to sell stablecoins for cash in Web3! Enjoy your profits and don’t forget to share this guide if it was helpful 🙂

FAQ

Where Are the Services of Transak Supported on a Global Level?

Transak is a global web3 infrastructure services provider with registered entities in the USA, UK, Canada, Australia, Poland, India, and Hong Kong.

Do You Need Trust Wallet to Sell Stablecoins?

No, Trust Wallet isn’t obligated for this type of transaction. Moreover, any crypto or Web3 wallet that can send and receive crypto(USDT) can be used for this.