Understanding how to receive, transfer, and manage USDT (Tether) is essential for anyone involved in digital currency transactions. Whether you're new to crypto or looking to refine your knowledge, this guide breaks down the core processes—including receiving USDT from others, transferring it via platforms like OKX, and converting cryptocurrency into fiat bank deposits—while ensuring clarity, security, and compliance.
How to Deposit and Buy USDT
Purchasing USDT typically begins with a cryptocurrency exchange that supports fiat-to-crypto trading. Most platforms today offer peer-to-peer (P2P) trading, a system similar to online marketplaces where buyers and sellers interact directly.
Before initiating any purchase, users must complete their payment method setup. This usually includes linking one or more of the following:
- Bank card
- Alipay
- WeChat Pay
Ensure the name on your bank card matches your identity verification details to avoid transaction issues.
Once set up, log into your account—such as an OKX account—navigate to the "Fiat Trading" section, select “Buy USDT,” choose a suitable offer, confirm the order, and complete the payment according to the seller’s instructions. After confirmation, the purchased USDT will be credited to your funds account.
👉 Learn how to securely buy USDT with local payment methods today.
How Someone Can Send You USDT
Receiving USDT from another person is straightforward: they simply need to send it to your wallet address.
To receive USDT:
- Open your crypto wallet or exchange app.
- Navigate to your USDT wallet.
- Copy your unique deposit address (a long string of letters and numbers) or scan your QR code.
- Share this address securely with the sender.
The sender then initiates a transfer by entering your address as the recipient. Once confirmed on the blockchain, the USDT will appear in your wallet—typically within minutes.
⚠️ Always double-check the address before confirming any transaction. Blockchain transfers are irreversible.
USDT, also known as Tether, is a stablecoin pegged 1:1 to the U.S. dollar. Launched in 2015, it maintains its value through reserves held by Tether Limited, making it one of the most widely used digital assets for trading, hedging, and cross-border transfers.
How to Cash Out Cryptocurrency to Your Bank Account
Converting USDT or other cryptocurrencies into traditional currency and withdrawing to a bank card involves a few key steps:
- Transfer funds: Move your USDT from your spot wallet to your funds account (used for fiat trading).
- Access P2P marketplace: Go to the "Buy Crypto" section and select “Sell USDT.”
- Choose a buyer: Browse available offers and pick one that accepts your preferred payment method (e.g., bank transfer).
- Enter amount: Specify how much USDT you want to sell.
- Confirm trade: After initiating the sale, wait for the buyer’s payment.
- Verify payment: Only after confirming receipt in your bank account should you click “Release Coins.”
Failure to verify payment can lead to financial loss, as releasing coins without confirmation gives the buyer access to funds without guarantee of payment.
Some platforms allow you to set up multiple C2C (Customer-to-Customer)收款方式 (receiving methods), enabling smoother transactions across different banks or payment apps.
👉 Discover fast and secure ways to convert USDT to cash instantly.
Can a Company Transfer Purchased USDT to a Personal Account?
Yes, businesses can legally transfer funds from a corporate account to an individual’s private bank account under certain conditions.
Common legitimate scenarios include:
- Employee salary or bonus payments
- Reimbursements for business-related expenses
- Payments for services rendered by freelancers or contractors
While there's no strict legal limit on such transfers, financial institutions may flag frequent or large-volume transactions due to anti-money laundering (AML) regulations. Therefore, companies should maintain clear records of transactions and ensure all transfers reflect genuine economic activity.
However, directly purchasing USDT using a company account and transferring it to a personal crypto wallet may raise compliance concerns depending on local regulations. Always consult a financial advisor to ensure adherence to tax and regulatory requirements.
Step-by-Step Guide to Buying Cryptocurrency Using USDT
After acquiring USDT, many users aim to invest in other digital assets like Bitcoin (BTC), Ethereum (ETH), or altcoins. Here’s how:
1. Register an Account
Download a reputable exchange app, register using your phone number or email, and create a secure password.
2. Complete Identity Verification (KYC)
Most platforms require Know Your Customer (KYC) verification. Provide your full name and government-issued ID to unlock higher trading limits and enhanced security features.
3. Buy USDT with Fiat Currency
Use local currency (e.g., CNY, USD) to purchase USDT through the P2P marketplace.
4. Transfer USDT to Your Trading Account
By default, purchased USDT resides in your funds account. To trade, transfer it to your spot wallet.
5. Trade USDT for Other Cryptocurrencies
Go to the “Trade” section, select a trading pair (e.g., ETH/USDT), input your desired price and quantity, and place a buy order. Once executed, you’ll own the new asset.
How to Send USDT from OKX to Another Person
Sending USDT via OKX (formerly known as "Ouyi") is simple and secure:
- Open the OKX app and go to the Wallet section.
- Locate your USDT balance and tap on it.
- Select Withdraw or Send.
- Enter the recipient’s wallet address or scan their QR code.
- Input the amount and network type (e.g., TRC-20, ERC-20).
- Confirm with your transaction password or two-factor authentication (2FA).
Ensure:
- The recipient address is correct
- You’re using the right blockchain network
- You have sufficient balance including network fees
Incorrect details can result in permanent loss of funds.
Frequently Asked Questions (FAQ)
Q: Is it safe to share my USDT deposit address?
A: Yes, as long as you only share your deposit address—not private keys or seed phrases—it's safe. Addresses are designed for public use.
Q: Why does my USDT transfer take so long?
A: Delays can occur due to network congestion or incorrect gas fees. Using networks like TRC-20 often results in faster, lower-cost transfers.
Q: Can I cancel a USDT transfer after sending?
A: No. Blockchain transactions are irreversible once confirmed. Always verify addresses carefully.
Q: What happens if I send USDT on the wrong network?
A: Funds may be lost permanently unless the receiving platform supports that network. Always match the sender and receiver network types.
Q: Do I need KYC to receive USDT?
A: No. You can receive USDT without verification, but withdrawing or trading large amounts typically requires KYC compliance.
Q: Are there fees when receiving USDT?
A: Receiving USDT is usually free. However, withdrawal and transfer actions incur small network or service fees.
Final Tips for Safe USDT Transactions
- Use trusted wallets and exchanges with strong security measures.
- Enable two-factor authentication (2FA) on all accounts.
- Regularly back up wallet recovery phrases offline.
- Avoid sharing sensitive information like passwords or private keys.
With proper knowledge and caution, managing USDT becomes a powerful tool for participating in the global digital economy.
👉 Start sending and receiving USDT with confidence—get started now.