After Selling Digital Assets on BlinkPlanet

How do you get your sale proceeds? How are you paid? How can you transfer them to a card or bank account?

When you sell your digital art and collectables on the BlinkPlanet Marketplace, you receive the payment in USDT (a.k.a Tether) directly into your linked wallet.

What is USDT

USDT (Tether) is a stablecoin tied to 1 USD, allowing crypto holders to avoid volatility by holding a stable digital asset.

Why am I paid in USDT?

BlinkPlanet enables easy access to digital art and NFTs by enabling payment with cryptocurrency and fiat-based credit/debit cards. However, blockchain smart contract transactions require cryptocurrency to function. So, people can use whatever currency they have, such as Brazilian Ries, Pound Sterling, US Dollars, or Euros. Not everyone wants that, and not every currency has its own crypto-equivalent stablecoin.

USDT is usually the most stable of the fiat-linked stablecoins currently available and the most widely used and accepted form of cryptocurrency. It is directly linked to the value of the US dollar, which equates to other fiat denominations.

USDT has very low volatility and is the easiest to transfer into "real money" through multiple channels.

What do I do with my USDT?

You have two choices. You can keep your USDT in your attached wallet and use it for future purchases via the primary or secondary markets.

Alternatively, you might want to withdraw your sales revenue to a bank account.