{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How do I sell STEPN (GMT) for TZS?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Step 1: Spot sell GMT → USDT (0.1% fee, instant). Step 2: P2P sell USDT → TZS via M-Pesa, Tigo Pesa, bank transfer (0% fee, 5-20 min). Step 3: Confirm TZS received, release escrow. Total: ~15-25 min.”}},{“@type”:”Question”,”name”:”How much TZS will I get for my GMT?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Payout = (GMT amount × GMT/USDT price) × P2P USDT/TZS rate. Total fee ~0.1%. Check the live price before selling.”}},{“@type”:”Question”,”name”:”When is the best time to sell GMT in Tanzania?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”P2P markets are 24/7 but liquidity peaks during local business hours (8am-8pm). Consider a limit sell order at your target price instead of always using market orders.”}},{“@type”:”Question”,”name”:”Is P2P selling safe in Tanzania?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Yes — escrow holds USDT until both sides confirm. Only release after confirming TZS arrived in your account. Never release based on screenshots. Choose high-rated merchants only.”}}]}
GMT is the governance token of STEPN, the move-to-earn app that rewards users with crypto for walking, jogging, and running outdoors. STEPN became one of the most downloaded apps in Africa during its 2022 boom, with Nigerian, Kenyan, and South African users among its largest communities. GMT holders can participate in governance, burn GST (the in-app earning token), and access exclusive STEPN features. African fitness enthusiasts and crypto investors can buy and sell GMT on Bitget and Bybit with local currencies.
Crypto is not banned in Tanzania. The Bank of Tanzania (BOT) has not issued comprehensive crypto regulation, placing it in a legal grey zone. P2P trading via M-Pesa and Tigo Pesa is widely practised. Use regulated international exchanges and stay informed on any BOT policy updates.
Cashing out STEPN (GMT) to Tanzanian Shilling is simple: spot-sell GMT to USDT, then P2P sell USDT to TZS via M-Pesa or Tigo Pesa. This guide walks you through each step.
How to Sell STEPN in Tanzania — Step by Step
- Log in to Bitget or Bybit where your GMT is held.
- Spot sell GMT → USDT — Spot Trading → GMT/USDT → market or limit sell. Instant. Fee: 0.1%.
- P2P sell USDT → TZS — P2P Trading → Sell → USDT → TZS. Choose a buyer paying via M-Pesa, Tigo Pesa, bank transfer. Fee: 0%.
- Confirm TZS received → release escrow — Only after verifying TZS arrived in your account, click “Release”.
Fee Breakdown
| Step | Action | Fee | Speed |
|---|---|---|---|
| 1 | GMT → USDT (Spot) | 0.1% | Instant |
| 2 | USDT → TZS (P2P) | 0% | 5-20 min |
| Total | Full cash-out | ~0.1% | ~15-25 min |