Looking to sell USDT for cash in Quito? Whether you are a tourist or a local, converting Tether to fiat currency in Ecuador requires knowing the right spots. This 2025 guide covers the best P2P and safety tips.
Is it Legal to Sell USDT in Quito?
Generally, P2P trading is a grey area, while licensed ATMs are fully legal. US dollar economy makes USDT popular. Always check local regulations in Ecuador before transacting large amounts.
Best Method: P2P
In Quito, the most popular way to cash out is via P2P.
- Convenience: High.
- Privacy: High.
- Risk Level: Medium.
Safety Tips for Quito 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 “Quito” or “Ecuador” to find local bank transfer options.
