For newcomers to the crypto space, acquiring USDT (Tether) is often the first step into digital asset trading. This guide explains how to purchase USDT using Chinese Yuan (RMB) on two of the world's leading cryptocurrency exchanges. Please note that while the process is technically feasible, users must always comply with local regulations and be aware of the associated legal risks.
What Is USDT and Why Use It?
USDT, or Tether, is a type of cryptocurrency known as a stablecoin. Its value is pegged to the US dollar, meaning 1 USDT is designed to always be equivalent to 1 USD. It is widely used as a substitute for traditional fiat currency within crypto exchanges, facilitating smoother trading, investments, and even cross-border transfers.
Preparing to Purchase USDT
To buy USDT with RMB, you need to register and complete verification on a reputable cryptocurrency exchange. Global platforms like OKX and Binance offer user-friendly interfaces and robust security measures, making them suitable for beginners.
Before starting, ensure you have:
- A valid identification document for identity verification (KYC)
- Access to a supported payment method (e.g., Alipay or bank transfer)
- An understanding of the compliance requirements in your region
How to Buy USDT on Binance
Follow these step-by-step instructions to purchase USDT on the Binance platform.
Step 1: Complete Account Verification
Log in to your Binance account and finish the required KYC process. This is mandatory for accessing all trading features.
Step 2: Navigate to the Buy Crypto Section
From the homepage, click on [Add Funds] and select the [C2C Trading] option.
Step 3: Select a Merchant
You will see a list of sellers offering USDT. Use the filters to choose your preferred payment method, such as Alipay. Look for merchants with high completion rates and a substantial number of completed orders.
Step 4: Evaluate Merchant Reliability
For added security, enable the [Shield] filter to identify merchants who have deposited a significant collateral with Binance. Check the seller’s registration date—opt for those active for over six months. Click [Buy] after selecting a trustworthy merchant.
Step 5: Place Your Order
Enter the amount of USDT you wish to purchase and confirm the order. Once the order is generated, carefully read the merchant’s instructions in the chat window.
Step 6: Make Payment and Confirm
Transfer the specified RMB amount to the merchant using the instructed method. Save a screenshot of the payment confirmation as proof. Upload this proof in the chat, and the seller will release the USDT to your account after verifying receipt.
How to Buy USDT on OKX
The process on OKX is very similar to that of Binance.
Step 1: Account Verification
Ensure your OKX account is fully verified through the KYC process.
Step 2: Access the C2C Market
From the main interface, navigate to the buying section and select your desired payment method—Alipay, for example. You may also filter merchants based on transaction amount limits.
Step 3: Choose a Seller
Review the list of available sellers, paying attention to how long they have been registered as merchants. Once you’ve chosen a reliable one, click [Buy USDT].
Step 4: Enter Purchase Details
Input the amount of USDT you want to acquire. Select the [Zero-Fee Purchase] option if available.
Step 5: Review Instructions and Pay
Open the chat to see the seller’s specific requirements. Click [Get Payment Details] to reveal the merchant’s name and Alipay account number. Complete the transfer outside the platform via Alipay as instructed.
Step 6: Confirm Payment
Return to the OKX platform and click [I Have Paid] to notify the seller. After confirming your payment, the seller will transfer the USDT to your wallet.
Important Considerations When Buying USDT
- Security First: Always trade with established, highly-rated merchants to minimize risk.
- Follow Instructions: Each seller may have specific payment instructions. Deviation might delay the transaction.
- Record Keeping: Save all transaction records and communication details until the process is fully completed.
- Regulatory Compliance: Be aware that the legality of crypto transactions varies by jurisdiction. Ensure your activities align with local laws.
Frequently Asked Questions
Is it legal to buy USDT with RMB?
The legal status of cryptocurrency trading depends on your country of residence. In some regions, trading crypto is fully regulated, while in others it may be restricted. Always consult local regulations before proceeding.
How long does it take to receive USDT after payment?
Most transactions are completed within minutes after the seller confirms receipt of your payment. Delays can occur if payment verification is required.
What is the minimum amount of USDT I can buy?
The minimum purchase amount depends on the individual seller’s terms. Most merchants set a minimum limit, which is displayed before you place an order.
Can I use payment methods other than Alipay?
Yes, most platforms support a variety of payment methods, including bank transfers and other e-wallets. You can filter sellers based on your preferred payment option.
What should I do if the seller doesn’t release USDT after payment?
Open a dispute through the exchange’s support system immediately. Provide all evidence of payment, and the platform will mediate the situation.
Why is merchant selection so important?
Choosing a reputable merchant reduces the risk of fraud. Platforms offer rating systems and security filters to help users identify trustworthy sellers. For an added layer of security, 👉 explore advanced trading protocols designed to protect your transactions.
Purchasing USDT with RMB is a straightforward process on major exchanges like Binance and OKX. By following the outlined steps and prioritizing security, you can safely acquire USDT and begin your journey in the cryptocurrency market. Always stay informed about regulatory changes and trade responsibly.