Whether you've made a profit and want to cash out, or you need to convert USDT back to CNY, you'll need to sell through Binance's C2C market and receive payment to your bank card. The process isn't complicated, but there are details to watch out for — otherwise you may face delayed payments or even a frozen bank card.
Preparation Before Selling
First, make sure your Binance account meets these requirements:
- Identity verification (KYC) completed
- Bank card payment info added (in C2C settings)
- USDT is in your Funding account (if it's in your Spot account, transfer it to Funding first)
If you don't have an account yet, register on Binance first and complete the setup above.
Adding a Bank Card as a Payment Method
Before selling via C2C, you need to add your bank card info in "Payment Settings":
- Go to the C2C page → tap the three dots in the upper right → Payment Methods
- Tap "Add Payment Method"
- Select "Bank Card"
- Enter the bank name, card number, and account holder name
- Note: The name must match your KYC-verified name
You can add multiple bank cards and choose which one to use when selling.
Steps to Sell USDT
- Open the Binance app → Buy Crypto → C2C Trading
- Switch to the "Sell" tab
- Select USDT as the crypto and CNY as the fiat currency
- Filter payment method by "Bank Card"
- Choose a buyer from the merchant list
- Enter the amount of USDT to sell or the CNY amount
- Confirm the sale
After placing the order, your USDT will be temporarily frozen (escrow mode). The buyer will transfer payment to your bank card based on the info you provided.
Waiting for Buyer Payment
After placing the order, you need to:
- Wait for the buyer to pay — there will be a countdown on the page
- When the buyer clicks "Payment Completed," you'll receive a notification
- Check your banking app to confirm actual receipt — this step is critical
- Verify that your bank card has actually received the correct amount
- Return to Binance and click "Confirm Receipt and Release Crypto"
Never release crypto just because the buyer clicked "Payment Completed." You must verify the actual deposit in your banking app. Some scammers forge transfer screenshots or use delayed transfer features.
Bank Card Recommendations
Recommended cards:
- Savings cards from the Big Four banks (ICBC, ABC, BOC, CCB)
- Savings cards from major commercial banks like CMB or CIB
- Cards you use frequently in daily life
Not recommended:
- Credit cards (cannot receive C2C transfers)
- Long-dormant "sleeping cards"
- Newly opened cards (easily flagged by risk controls)
Choose a card you use for regular spending with normal transaction history, so C2C transfers are less likely to trigger the bank's risk controls.
Preventing Bank Card Freezes
Bank card freezes are the biggest headache in C2C crypto selling. Here's how to reduce the risk:
- Choose quality buyers: Only trade with verified merchants who have high volume and completion rates
- Don't trade too frequently: Avoid multiple sells in a single day; space them out
- Maintain normal transaction flow: Use the card for everyday spending and salary deposits — don't use it exclusively for C2C funds
- Vary the amounts: Don't sell the exact same amount every time
- Keep transaction records: Screenshot and save all C2C transaction details in case the bank asks
Pricing When Selling
USDT prices in the C2C market are set by merchants and typically fluctuate between 7.1–7.3 CNY. As a seller, you can:
- Pick the highest-bidding buyer from the merchant list
- Post your own ad at a set price and wait for buyers
For most users, simply picking a buyer from the list is faster and more convenient.
Arrival Time
The time it takes for bank card payments to arrive depends on the buyer's transfer method:
- Same-bank transfers: Usually instant
- Cross-bank transfers: A few minutes to 2 hours
- Large transfers: May take longer
If payment hasn't arrived after a reasonable time, don't rush to release the crypto. Communicate with the buyer to confirm the transfer status, and if necessary, file a dispute to have Binance customer support intervene.