4 Ways You Can Buy and Sell USDT in Lebanon

In this guide, we'll explore four ways to buy or sell USDT in Lebanon, allowing you to convert fresh dollars (USD) or Lebanese pounds (LBP) into crypto with minimal fees.

4 Ways You Can Buy and Sell USDT in Lebanon

In Lebanon, If you want to buy or sell USDT or other crypto assets including Bitcoin and Solana you have some options that range from using peer-to-peer platforms to using trusted and reliable companies such as Sinbad. In this guide, we'll explore four ways to buy or sell USDT in Lebanon, allowing you to convert fresh dollars (USD) or Lebanese pounds (LBP) into crypto with minimal fees.

How to buy or Sell USDT in Lebanon?

1. Buy and Sell USDT with Sinbad

To buy crypto in Lebanon, you can use Sinbad, the Middle East’s first and most trusted non-custodial crypto wallet. Through Sinbad, you can buy, hold, and transfer USDT, USDC, Bitcoin, Solana and other assets in Lebanon via cash-in-hand payments as well as other local digital and online methods. Cash deliveries are also supported across the capital Beirut.

Sinbad has more than 4,000 customers and has the most extensive crypto network for cash-in and cash-out locations distributed all over Lebanon. The company differs from other crypto exchanges or service locations in that it is non-custodial and customers have full control over their funds. Sinbad also boasts the highest level of security and reliability for every transaction making it an easier way for anyone in Lebanon to buy and sell USDT.

Here's why Sinbad is a trusted choice:

🚀 Secure Deposits/Withdrawals: Buy crypto in-person or with local payment methods in Lebanon from trusted partners.

🔐 Your Trusted Wallet, Your Rules: With our non-custodial wallet, you’re in full control and your private keys never leaves your device.

💸 Unbeatable Fees: Enjoy the lowest fees in Lebanon, oh and we cover 100% of your gas fees.

Here is how fast and simple it is to buy USDT on Sinbad:

  1. Create an account on Sinbad
  2. Click on “Add money
  3. Select the payment method that is most convenient to you:
    1. Whish wallet Transfer
    2. Cash in Person
    3. Cash Delivery (Only in Beirut)
  4. Once funds are received, you receive your USDC within minutes.
  5. To convert to USDT, navigate to the invest page and buy with your USDC balance the corresponding amount in USDT.

2. Peer-to-Peer (P2P) Platforms

P2P platforms like Binance P2P offer an avenue for buying and selling cryptocurrencies. While convenient, users should exercise caution due to potential scams.

How To Buy USDT With Binance P2P

Browse the list of offers on Binance P2P until you find a seller offering terms that match your requirements. Once you initiate a P2P order, Binance P2P securely holds the cryptocurrency in escrow. To pay the seller, use the suggested payment method provided on the order page. Once confirmed, the seller will release the USDT to you.

3. Telegram and Facebook Groups

Local Telegram and Facebook groups provide another option for direct trading without intermediaries. This method allows users to find counterparties for quick transactions. However, it comes with risks, including potential scams and lack of verification.

4. Individual Brokers

Individual brokers, much like those in Lebanon, offer their services to buy and sell USDT. While they may provide good deals, they lack oversight and may not always be available. Users should proceed cautiously and verify the legitimacy of the broker.

How much does it cost to buy USDC or USDT in Lebanon?

Sinbad, as a reputable cryptocurrency exchange, offers the cheapest way for buying USDC or USDT in Lebanon. The platform provides transparent and fair fees, making it one of the most cost-effective options available. Users can confidently convert their crypto assets to local currency with minimal overhead costs.

Method Fee Variable
Sinbad app 1% Fixed
P2P Trading 2-3% Varies by volume
Crypto Retails 3-5% Varies by volume

Tips to Avoid Crypto Scams

The cryptocurrency space is rife with scammers, and safeguarding against fraud is crucial. Here are five essential tips to protect yourself:

  1. Verify all transactions and individuals involved, avoiding payments to untrusted sources.
  2. Start with small amounts to minimize potential losses from scams.
  3. Refrain from allowing remote access to personal computers to unknown individuals.
  4. Consider investing in a hardware wallet to secure private keys from malware and hackers.
Can’t find what you’re looking for?
Visit our help center or send us a message at team@getsinbad.com and we’ll be in touch quickly.

Questions and answers

What is Sinbad?

Sinbad is a digital dollar mobile payment app built for the MENA region including Lebanon. Sinbad lets you hold crypto and pay friends for free. You can fund and withdraw with cash whenever you want.

Why do I need to verify my identity?

To comply with financial regulations, Sinbad requires all of our customers to verify their identity. Recipients must verify their identity by providing their legal name, date of birth, and home address to pick up their cash. Verifying your identity on Sinbad helps protect you from fraud and allows Sinbad to offer you all of our services and products.

What is USD Coin (USDC)?

USD Coin is a digital dollar pegged to the US dollar and managed by Circle. In order to maintain it's peg, USDC is fully backed 1:1 with USD assets held in treasury—this means every digital dollar of USDC can always be exchanged 1:1 for cash.

What is USDT (Tether)?

USDT, also known as Tether, is a type of cryptocurrency called a stablecoin. Its value is pegged to the US dollar, meaning 1 USDT is always equal to 1 USD. USDT is widely used for trading and transferring value on various cryptocurrency exchanges due to its stability.

Is it safe to invest on Sinbad?

Sinbad is a non-custodial wallet, meaning we don't hold onto your funds. Instead, your funds are stored directly on the blockchain, under your control.