Review offers and select a buyer: Browse through the available offers and select a buyer based on the exchange rate, payment method, and reputation. 'Available region(s)': Choose the country where you will receive funds. 'Payments': Select the payment method you will be using to receive money. 'Amount': Enter the amount of the local currency you expect to receive. Here is a step-by-step guide on how to do this:Īccess the P2P trading platform: Once logged in, hover over the 'Buy Crypto' tab on the top navigation bar and click 'P2P Trading' to access the platform.Ĭhoose the 'Sell' tab: On the P2P trading platform, select USDT. Withdrawing USDT as real money using Binance P2P in your local country involves trading your USDT for your local currency with a buyer through a peer-to-peer (P2P) transaction. How to withdrawal crypto using P2P at Binance We understand that this option to buy crypto doesn't look very profitable, but currently, it is one of the easiest and cheapest ways to purchase cryptocurrencies. Once the transaction is successful, your purchased cryptocurrency will be deposited into your Binance USDT wallet, usually within an hour. No need to worry, Coinify will release the blocked funds if you are not successfully verified. You can choose a different payment method with different limits, but in this guide we’ll focus on the most quick one which is using GrabrFi’s card.ĭouble-check the estimated crypto amount and total cost, agree to the terms, and click 'Go to Payment.'Įnter your GrabrFi bank card details, including the card number, expiration date, and CVV code.Ĭomplete the transaction by following the prompts and providing any additional verification requested by Coinify. Click ‘Continue’.Įnter the USDT address for receiving you have from the previous guide section.Ĭhoose your payment method (credit or debit card) and click 'Continue'. We recommend purchasing USDT, a popular stablecoin, to simplify the withdrawal process later on.Įnter the amount you wish to purchase in USD. Select your preferred cryptocurrency (e.g., Bitcoin, Ethereum). Visit the Coinify website and sign up for an account if you don't already have one. Follow the instructions to purchase USDT: Keep it saved, you’ll need it in the next step.īuy crypto with your GrabrFi bank card using CoinifyĬoinify is a popular choice for purchasing crypto due to its simplicity, convenience, and affordability. You can copy the address by clicking the 'Copy' button next to it. Your USDT ERC-20 funding wallet address will be displayed as a combination of letters and numbers. Make sure you have the ‘Funding Wallet’ chosen, that would allow you to trade P2P in the next steps without making necessary transfers. Look for the 'ERC-20' or 'Ethereum' network and select it. When USDT appears in the search results, click on the 'Deposit' button located next to it.Ī window will open, displaying various networks for depositing USDT. Locate the search bar, usually above the list of cryptocurrencies, and type 'USDT' to find Tether (USDT). In the 'Fiat and Spot' (or 'Overview') section, you will see a list of your cryptocurrencies and their respective balances. Hover over the 'Wallet' tab in the top-right corner of the main page, and click on 'Fiat and Spot' (or 'Overview') from the dropdown menu. Here's how to find your USDT ERC-20 funding wallet address on Binance: To proceed with buying crypto using Coinify, receiving it on Binance, and later selling it using P2P, you'll need to have your USDT account number ready. Navigate to the 'Identification' section under your account settings.Ĭomplete the required KYC (Know Your Customer) verification steps, which include uploading a valid government-issued ID and a selfie. Provide a valid email address and create a strong password.Ĭomplete the registration process by verifying your email address.Įnable two-factor authentication (2FA) to ensure the security of your account. Visit the Binance website and click on the 'Register' button. This guide will walk you through the process of withdrawing money from a US bank account using crypto with Binance. Binance, one of the world's leading digital asset exchanges, enables users to buy, sell, and trade cryptocurrencies securely. Withdrawing money from a US bank account using cryptocurrencies is gaining popularity due to the convenience and speed it offers. Note: Binance may not be available for operation in all countries.
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