Looking to sell USDT for cash in Toronto? Whether you are a tourist or a local, converting Tether to fiat currency in Canada requires knowing the right spots. This 2025 guide covers the best ATMs & OTC and safety tips.
Is it Legal to Sell USDT in Toronto?
Generally, P2P trading is a grey area, while licensed ATMs are fully legal. Very crypto friendly, many physical locations. Always check local regulations in Canada before transacting large amounts.
Best Method: ATMs & OTC
In Toronto, the most popular way to cash out is via ATMs & OTC.
- Convenience: High.
- Privacy: Low (KYC required).
- Risk Level: Low.
Safety Tips for Toronto 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 “Toronto” or “Canada” to find local bank transfer options.
