Converting Tether FAQs

You can convert your BTC into USDT on Paxful. USDT or Tether is a stablecoin which means you can store your Bitcoin in a cryptocurrency that is not affected by the volatility in the price of Bitcoin. This article will answer some of the important questions you may have on this topic.

Note:

  • Currently, an option to convert cryptocurrency is available for a limited number of users only.
  • You need to verify your ID to be able to convert Bitcoin to Tether. 
Why would I want to convert my BTC to USDT?
Converting Bitcoin into Tether gives you an opportunity to store your funds in the form of a stablecoin, which helps you eliminate the effect of market volatility and fluctuations in the price of Bitcoin.
How to convert Bitcoin to Tether?
Check out our step-by-step guide here.
How to convert Tether to Bitcoin?
Check out our step-by-step guide here.
Can I withdraw my USDT from Paxful wallet?
Yes! Check out this article for a step-by-step guide on how to withdraw your USDT. 
Can I deposit USDT to my Paxful wallet?

Yes! Check out this article to learn how to receive your USDT address.

Can I trade Tether on Paxful?
Yes—you can trade Tether in the marketplace. Check out the buy and sell pages for the list of current offers.
What are the fees for converting BTC to USDT?
For the full list of fees, take a look at this article
What is the minimum and the maximum amount of BTC I can convert into USDT?
You can convert a minimum of 10 USDT and a maximum of 10,000 USDT worth of Bitcoin per transaction. 
Is it possible to convert my USDT to BTC? If so, what are the fees?
Yes, you can convert USDT to BTC in your Paxful wallet at any time. For the list of fees, take a look at this article
What happens if I send USDT to my Paxful wallet?
Please don't send USDT (Tether) to your BTC wallet. You’ll lose any money you send and you can’t recover them. If you have the ability to deposit USDT to your Paxful account, make sure you send it to your USDT wallet address. Additionally, please don't send OMNI USDT to your Tether (USDT) wallet as they are not compatible.
Can I convert crypto on my Paxful mobile app?
Currently, the option to convert is not available in the Mobile Wallet. Please use the web version on your mobile instead.
My conversion wasn't successful. What to do?
Some conversions will go through after a few seconds so hang tight! If your conversion is successful, you’ll see a green banner to let you know. If your conversion is unsuccessful, your funds should return to your account within a few minutes. Once the funds have returned, you can try the conversion again. 
My conversion wasn't successful, and funds are reserved for conversion or appear to be lost. What to do?
Please let us know the transaction ID associated with your conversion and our support team will take a look.

Here’s our guide on how to verify your identity. Also, check out our tips for buying Bitcoin and our rules for selling Bitcoin.

 

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