• Converting Bitcoin to Tether

    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 guide you on how to convert your Bitcoin to Tether.

    1. Login to your Paxful account and click Wallet.

    Click-wallet-new.png

    The Wallet page appears showing your Bitcoin and Tether wallets.

    Tip: Use our tour guide to familiarize yourself with our wallet.

    TourGuide2NEW.png

    2. On your Bitcoin wallet, click Convert.

    CLickCOnvertBitcoinNew.png

    The Convert Bitcoin to Tether dialog box appears.

    3. Enter the amount of BTC you want to convert in the field provided and click Convert.

    Note:

    • Once you enter the amount in BTC, the amount you’ll receive in USDT appears under the BTC field.
    • This amount includes all other fees and charges alongside Paxful’s fees. There may be additional fees charged by the Hedging Counterparty and/or third parties.
    • You can convert any amount between 10 USDT and 10,000 USDT from your available balance.
    • You can also choose to convert a fixed percentage of your available balance by clicking 25%, 50%, or 75%. Or you can click Max to convert all your available BTC as long as it falls within the upper limit of 10,000 USDT.

    4. Double-check the amount you are going to convert and click Convert one more time.

    Your Wallet page appears with the updated amounts.

    Note:

    • You can always convert your Tether balance back into Bitcoin for free.
    • You can also check how much you’ve converted over time by viewing your transaction history.

    Here are our guides on how to verify your identity and how to convert Tether to Bitcoin. Also, check out our Tether (USDT) FAQs, tips for buying Bitcoin, and our rules for selling Bitcoin.

     

  • Converting Tether to Bitcoin

    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 guide you on how to convert your Tether to Bitcoin. 

    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. 

    Warning: Don’t send USDT (Tether) to your own Paxful wallet. You’ll lose any money you send and you can’t recover them.

     

    1. Login to your Paxful account and click Wallet.

    Click-wallet-new.png

    The Wallet page appears showing your Bitcoin and Tether wallets.

    Tip: Use our tour guide to familiarize yourself with our wallet.

    TourGuide2NEW.png

    2. On your Tether wallet, click Convert.

    CLickConvertTether_NEW.png

    The Convert Tether to Bitcoin dialog box appears.

    3. Enter the amount of USDT you want to convert in the field provided and click Convert.

    Note:

    • Once you enter the amount in USDT, the amount you’ll receive in BTC appears under the USDT field.
    • There are no fees for converting USDT into BTC.
    • You can also click the percentage numbers to convert 25%, 50%, or 75% of your available USDT balance, or click Max to convert all your available USDT.

    4. Double-check the amount you are going to convert and click Convert one more time.

    Your Wallet page appears with the updated amounts. 

    Note: You can always check how much crypto you’ve converted in the past by visiting your transaction history.

    Here are our guides on how to verify your identity and how to convert Bitcoin to Tether. Also, check out our Tether (USDT) FAQstips for buying Bitcoin, and our rules for selling Bitcoin.

  • 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?
    Sorry, you can’t at the moment. To send out your funds from Paxful, you need to convert your USDT to BTC first.
    Can I deposit USDT to my Paxful wallet?
    Sorry, you can’t at the moment. Right now, you can only add Bitcoin to your Paxful wallet. 
    Can I trade Tether on Paxful?
    Sorry, you can’t at the moment. Right now, you can only trade Bitcoin. An option to buy and sell USDT is coming soon.
    What are the fees for converting BTC to USDT?
    Paxful charges a 1% fee on the amount to be converted. The fee is charged in BTC. Here’s more information about Paxful’s fees.
    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 and there’s no fee for this conversion.
    What happens if I send USDT to my Paxful wallet?
    Don't send USDT (Tether) to your Paxful wallet. You’ll lose any money you send and you can’t recover them.
    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?
    If you receive an error message we’d recommend waiting a few seconds before trying the conversion again. Some conversions will go through after a few seconds! If your conversion is successful, you’ll see a green banner to let you know. If you’re not seeing a successful conversion within a few minutes, feel free to try 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.
    I am a verified user. Why don’t I see the BTC to USDT converting option in my Paxful wallet?
    We’re rolling this feature out to our users in phases. So keep an eye out, you’ll see this feature in your wallet soon. 

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