Looking to sell USDT for cash in Melbourne? Whether you are a tourist or a local, converting Tether to fiat currency in Australia requires knowing the right spots. This 2025 guide covers the best Bitcoin ATMs and safety tips.
Is it Legal to Sell USDT in Melbourne?
Generally, P2P trading is a grey area, while licensed ATMs are fully legal. High density of ATMs. Always check local regulations in Australia before transacting large amounts.
Best Method: Bitcoin ATMs
In Melbourne, the most popular way to cash out is via Bitcoin ATMs.
- Convenience: High.
- Privacy: Low (KYC required).
- Risk Level: Low.
Safety Tips for Melbourne Traders
- Meet in Public: If doing P2P, choose a mall or coffee shop.
- Count Cash First: Never release USDT before verifying the cash.
- Check Bills: Be aware of counterfeit notes.
Alternative: Online P2P
If you can’t find a physical location, use Binance P2P filtering for “Melbourne” or “Australia” to find local bank transfer options.
