If you’re looking to cash out your Binance coins for cold, hard cash, you’re going to need to use a third-party service. In this article, we’ll show you how to do just that.
Binance is one of the most popular cryptocurrency exchanges out there, and for good reason. It’s easy to use, has a great selection of coins, and is generally reliable.
However, one thing it doesn’t have is a way to directly withdraw your coins into a bank account.
That’s where services like Changelly come in. Changelly is a third-party service that will let you convert your Binance coins into cash, which you can then withdraw into your bank account.
The process is relatively simple. First, you’ll need to create an account on Changelly and link it to your Binance account.
NOTE: WARNING: Selling cryptocurrency on Binance and other exchanges for cash is risky. It is recommended that you research the exchange, read reviews, and contact customer support to make sure they are reputable before engaging in any transactions. Additionally, please be aware that there may be fees associated with selling on Binance or any other exchange as well as potential scams associated with selling cryptocurrency for cash. Use caution when engaging in this activity and always use secure payment methods.
Once that’s done, you’ll be able to select the amount of Binance coins you want to convert and choose “cash out.”.
Changelly will then give you an estimate of how much cash you’ll receive, minus their fees. Once you confirm the transaction, Changelly will send the coins from your Binance account to their own internal wallets.
From there, they’ll convert the coins into cash and send it to your bank account via wire transfer.
The entire process can take anywhere from a few minutes to a few hours, depending on the coin you’re converting and the current market conditions. However, once it’s all said and done, you’ll have cold, hard cash in your bank account that you can use however you please.
So if you’re looking to cash out your Binance coins, Changelly is one of the best ways to do it. Just be sure to factor in their fees when deciding how much cash you want to withdraw from your account.
10 Related Question Answers Found
In order to buy and sell on Binance, you will first need to create an account. To do this, navigate to the Binance homepage and click on the “Create Account” button near the top right corner of the page. You will then be prompted to enter your email address and create a password.
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