Converting USDT to Chinese Yuan (CNY) on Huobi involves a straightforward process. This guide will walk you through each step, from transferring assets to completing the sale, while highlighting key considerations for a smooth transaction.
Step 1: Asset Transfer
Before selling USDT for CNY, transfer your USDT from the "Coin Assets" to the "OTC Account":
- Log in to your Huobi account
- Locate USDT in your asset dashboard
- Select "Transfer" and enter the amount
- Confirm the transfer to your OTC wallet
Step 2: Access OTC Trading Platform
Navigate to "OTC Trading" via the top menu. This platform supports:
- Bank transfers
- WeChat Pay
- Alipay
Step 3: Selling USDT
In the OTC section:
- Choose "Sell USDT"
Browse listings showing:
- Current market prices
- Payment methods accepted
- Transaction limits (minimum/maximum amounts)
- Select a suitable buyer ad
👉 Compare USDT exchange rates across platforms
Step 4: Order Placement
After selecting an offer:
- Enter your USDT quantity (or select "Max")
- Review the equivalent CNY amount
- Confirm the order
Step 5: Transaction Completion
Critical steps after order placement:
- Wait for buyer payment (typically 5-15 minutes)
- Verify receipt in your payment account
- Click "Confirm Release" to finalize
Your CNY will now be available in your OTC account for withdrawal to linked banking channels.
USDT Deposit Process (Reverse Flow)
To fund your account with USDT:
- Navigate to "Buy USDT" in OTC
- Select a seller with preferred terms
- Complete CNY payment
- Seller releases USDT to your wallet
Key Considerations
- Check daily transaction limits
- Match payment methods with your banking options
- Market prices fluctuate—refresh listings for updates
FAQ Section
Q: How long do OTC transactions take?
A: Typically 10-30 minutes depending on payment confirmation speeds.
Q: Are there fees for USDT-CNY conversion?
A: Huobi charges 0% fees for OTC trades—price differences reflect market spreads.
Q: What if my buyer doesn't pay?
A: Orders auto-cancel after 15 minutes of non-payment. You may then select another buyer.
👉 Secure your transactions with verified traders
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- Comparative analysis of exchange rates