With the growing adoption of digital assets, more users are turning to cryptocurrency exchanges like Huobi (now rebranded as HTX) to manage their USDT holdings and convert them into fiat currency such as Chinese Yuan (RMB). This guide walks you through the entire process of withdrawing USDT from Huobi and converting it into RMB safely and efficiently.
Whether you're a beginner or an experienced trader, understanding the correct steps for asset withdrawal and conversion is essential. We’ll cover account setup, depositing USDT, withdrawal procedures, and key security considerations—all while ensuring clarity, accuracy, and practical value.
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Step 1: Create and Verify Your Huobi Account
Before you can withdraw USDT as RMB, you must first register and verify your identity on the Huobi platform.
👉 Learn how to securely set up and verify your crypto account in minutes.
- Visit the official Huobi website at huobi.com (note: huobipro.com has been migrated).
- Click "Sign Up" in the top-right corner.
- Enter your email address or phone number, create a strong password, and complete the CAPTCHA verification.
- Confirm your registration via the email or SMS link sent by Huobi.
After registration:
- Navigate to "Identity Verification" under your account settings.
- Submit clear photos of your government-issued ID (e.g., national ID card or passport).
- Provide a selfie holding your ID for facial recognition.
- Link your local bank account by entering your bank name, branch, and account number.
Verification typically takes 1–24 hours. Once approved, you gain full access to deposit, trade, and withdraw functions.
🔒 Tip: Always enable two-factor authentication (2FA) using Google Authenticator for enhanced security.
Step 2: Deposit USDT into Your Huobi Wallet
To convert USDT into RMB, you first need to have USDT in your Huobi wallet.
- Log in and go to Assets > Wallet.
- Click Deposit next to USDT.
Select the appropriate blockchain network (e.g., ERC-20, TRC-20, or BEP-20).
⚠️ Ensure the network matches where your USDT is currently held—mismatched networks may result in permanent loss.
- Copy the generated deposit address and use it to send USDT from your external wallet or another exchange.
- Wait for blockchain confirmation (usually 10–30 minutes depending on network congestion).
- Check your Huobi balance to confirm the deposit has arrived.
👉 Discover how to track and manage your USDT deposits with real-time updates.
Step 3: Convert USDT to RMB via P2P Trading or Withdrawal
Huobi does not support direct fiat withdrawals in RMB. Instead, you must use one of two primary methods:
Option A: Use Huobi P2P Trading (Recommended)
P2P (peer-to-peer) trading allows you to sell your USDT directly to buyers who pay in RMB via bank transfer.
- Go to Trade > P2P Trading on the Huobi platform.
- Select Sell USDT.
- Choose a buyer with a high completion rate and favorable price.
- Enter the amount of USDT you wish to sell.
- Confirm the transaction—the system will lock the buyer’s funds.
- Provide your bank account details to receive payment.
- After confirming receipt of RMB in your bank account, release the USDT from escrow.
✅ Advantages: Fast, flexible pricing, direct bank transfers.
❗ Caution: Only confirm payment after verifying funds have cleared in your account.
Option B: Transfer USDT to Another Exchange That Supports RMB Withdrawals
Some platforms offer better fiat on-ramps. You can transfer your USDT to an exchange that supports direct RMB withdrawals (subject to local regulations).
- Withdraw USDT from Huobi to your target exchange using the correct network.
- Complete KYC on the receiving platform if not already done.
- Use its P2P or OTC desk to convert USDT to RMB and withdraw to your bank.
Ensure low transaction fees and fast processing times when choosing a destination exchange.
Step 4: Key Tips for Safe and Successful Transactions
Converting digital assets to fiat involves financial risk if proper precautions aren’t taken. Follow these best practices:
✅ Double-Check All Details
- Always verify recipient addresses before sending USDT.
- Confirm bank account names and numbers match exactly.
- Avoid public Wi-Fi when conducting transactions.
✅ Understand Fees and Limits
- Huobi charges minimal or no fees for USDT deposits.
- Withdrawal fees vary by blockchain network (TRC-20 is usually cheapest).
- Daily withdrawal limits depend on your verification level.
✅ Monitor Market Rates
USDT is pegged to the USD, but exchange rates between USD and CNY fluctuate. Time your sale during favorable exchange rates for maximum RMB returns.
✅ Keep Records
Save transaction IDs, chat logs with P2P buyers, and bank statements for dispute resolution or tax reporting.
Frequently Asked Questions (FAQ)
Q: Can I directly withdraw RMB from Huobi to my bank account?
A: No. Huobi does not support direct RMB withdrawals. You must use P2P trading or transfer USDT to another platform that enables fiat payouts.
Q: How long does it take to receive RMB after selling USDT?
A: In most cases, bank transfers via P2P are completed within 15–30 minutes, though some may take up to 24 hours depending on the buyer's bank.
Q: Is it safe to sell USDT on Huobi’s P2P marketplace?
A: Yes, as long as you follow platform guidelines. Funds are held in escrow until you confirm payment receipt.
Q: What should I do if my USDT deposit doesn’t appear?
A: First, check the blockchain explorer using your transaction ID. If confirmed but not credited, contact Huobi customer support with proof.
Q: Are there taxes on converting USDT to RMB?
A: Tax regulations vary by region. In many jurisdictions, crypto-to-fiat conversions are taxable events. Consult a local tax advisor for compliance.
Q: Why is my withdrawal locked or under review?
A: This may occur due to suspicious activity, large transaction size, or incomplete KYC. Contact support for clarification.
Final Thoughts: Stay Informed, Stay Secure
Converting USDT to RMB through Huobi requires careful navigation of P2P markets and blockchain mechanics. By following this guide, you can execute secure, efficient transactions while minimizing risks.
As digital finance evolves, platforms continue improving user experience and regulatory compliance. Staying updated on best practices ensures smooth interactions across exchanges.
👉 Stay ahead with tools that simplify crypto-to-fiat conversions and portfolio tracking.
Remember: always prioritize security, double-check every detail, and never rush a transaction—even small mistakes can lead to irreversible losses.
By mastering the process of withdrawing and converting USDT, you gain greater control over your digital wealth in today’s fast-moving financial landscape.