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How to Sell USDt (Tether) in Mexico using Swapido
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How to Sell USDt (Tether) in Mexico using Swapido

Gustavo Flores Echaiz

By Gustavo Flores Echaiz2025-01-27

Are you looking to cash out USDT (or another cryptocurrency) in Mexico and receive a bank transfer? Swapido is the right place for you.

We don’t yet accept USDT deposits, but we do accept Bitcoin over the Lightning Network. This guide will show you how to swap your USDT to Bitcoin on Lightning to be ready to use Swapido.

First, what is the Lightning Network?

The Lightning Network is a “layer two” decentralized protocol that enables instant and low-fee Bitcoin transactions—ideal for everyday use. Think of it like Visa or Mastercard, but for Bitcoin payments. If you’d like more background, learn how the Lightning Network works.

Now back to the guide. Here’s the brief outline:

  1. Download a Wallet: Aqua Wallet
  2. Fund your Wallet with USDT
  3. Swap USDT for Bitcoin on the Lightning Network
  4. Pay a Bank account in Mexico with Lightning and Swapido

Ready? Let’s dive into each step.

Download Aqua: USDT and Bitcoin Wallet

Using Aqua Wallet is the simplest way to hold both USDT and Bitcoin in a single, self-custodial app. Only you have access to your funds, and you’ll need to back up a 12-word seed phrase. If you lose both your device and your seed phrase, there’s no way to recover your wallet.

Setup Steps

  1. Download Aqua on iOS or Android.
  2. Open the app.
  3. Mark the checkbox to agree to the Terms and Conditions.
  4. Tap “Create Wallet”.
  5. Go to “Settings” (bottom-right).
  6. Scroll down and tap on “View Seed Phrase”.
  7. Write down your 12-word seed phrase and keep it safe.

That’s it—your wallet is ready to receive funds.

Fund your Aqua Wallet with USDT

To complete this step, you need to make a crypto transaction from the wallet or platform where you currently have your USDT.

Steps to Fund USDt on Aqua Wallet

  1. On Aqua, Tap “Receive”.
  2. Tap “Tether USDt”.
  3. Tap on “Tron” or “Ethereum” to choose the right network.
  4. Copy the address or scan the QR code.
  5. Pay the address from your other wallet or platform.

After a few minutes, you will receive the USDT in Aqua Wallet. Be aware that fees and minimum/maximum limits apply. This information appears on the Receive page.

Swap USDT for Bitcoin on Aqua Wallet

Now that you have USDt on Aqua, you’re ready to swap it to Bitcoin on the Lightning Network.

Steps to Swap USDT for Bitcoin

  1. Tap “Swap” next to Spending Accounts.
  2. Select “USDt” under “Transfer From”.
  3. Enter the amount of USDT you wish to swap.
  4. Tap “Continue”.
  5. Slide the “Swap” bar to complete the transaction.

After a few seconds, you will receive confirmation that the swap is complete.

Alternative

If you have another cryptocurrency or prefer not to use Aqua for the swap, you can use a service like FixedFloat, which supports instant swaps between any crypto (including USDT) and Bitcoin on the Lightning Network.

How to Pay a Bank Account in Mexico with Lightning and Swapido

In this section, we’ll show you how to use your newly installed Aqua Wallet to pay a Lightning Network invoice and send pesos to a bank account in Mexico using Swapido.

If you haven’t set up your Swapido account or completed ID verification, check our other guide for those steps first.

Steps to Pay a Bank Account Using Swapido

  1. Go to app.swapido.com/en and log in.
  2. Enter the amount of pesos you want to pay out.

You can skip steps 3-8 if you already have a recipient saved.

  1. Tap “Create New Recipient.”
  2. Enter the recipient’s full legal name (or your own, if sending to your bank account).
  3. Choose between CLABE (bank account number), debit card number, or phone number.
  4. Enter the number associated with the option you chose in the previous step.
  5. (Optional) Add a tag if you want to label this recipient for future reference.
  6. Tap “Create Recipient.”
  7. (Optional) Add a memo for the payment; this memo will appear on the recipient’s bank account.
  8. Click “Create Swap.”
  9. Tap on “Copy” under the Lightning invoice.
  10. Open Aqua Wallet.
  11. Tap “Send”.
  12. Select “Lightning”.
  13. Paste the Lightning invoice.
  14. Tap “Continue” twice.
  15. Slide to send.

That’s it! You’ve successfully sold USDT in Mexico using Swapido and sent it to the bank account of your choice. Congratulations.