Sending remittances with cryptocurrencies is faster and cheaper than traditional banks. Here is the complete guide to using your bank money, converting it into crypto, and sending it to someone anywhere in the world through Binance.

🔑 Phase 1: Preparation of the shipment (the sender)

The first step is to convert your bank money into a stablecoin (like USDT), which is the easiest digital currency to send.

  1. Deposit money on Binance:

    • Go to Binance and select "Buy Crypto" or "Deposit Fiat."

    • Option A (Fast): Use your credit/debit card 💳 to buy USDT directly (the fee may be higher).

    • Option B (Economical): Make a Bank Transfer (SEPA/ACH) 🏦 from your account to Binance to buy USDT (takes longer, but is cheaper).

  2. Currency verification: Make sure the money is in your Binance Spot Wallet, converted to USDT.

Before sending, coordinate with the person who will receive the money (the Recipient).

  1. Confirm the platform: The easiest method is for the Recipient to also have a verified Binance account. If they do not have it, they will need to download it and verify it.

  2. Get the network address: Ask the Recipient for their address to receive USDT.

    • IMPORTANT! They must use a network with very low fees (like TRON (TRC-20) or Solana). Avoid the Ethereum network (ERC-20) due to its high fees!

🚀 Phase 3: The sending

With the address and network confirmed, you can proceed with the sending:

  1. Withdraw USDT: In your Binance Spot Wallet, select Withdraw and choose USDT.

  2. Enter data:

    • Paste the Recipient's receiving address.

    • Select the Network: Choose the same network provided by the Recipient (e.g., TRON (TRC-20)). If the network does not match, you will lose your money! ⚠️

    • Enter the amount to send.

  3. Confirmation: Binance will show you the fee (which will be in cents on the TRON network). Confirm the sending with your 2FA. The money will reach the Recipient in seconds or minutes! ⚡

💵 Phase 4: Fund disposition (The Recipient)

The Recipient has USDT in their Binance Spot Wallet and now wants to convert it to their local currency.

  1. Sale to local currency (P2P): The most common and efficient method to convert crypto to bank money is through Binance's P2P (Peer-to-Peer) Market.

    • Transfer USDT to your Funds Wallet within Binance.

    • Go to P2P and select Sell USDT in your local currency (e.g., USD, EUR, COP).

    • Choose a reliable P2P buyer (with a high success rate).

    • The buyer will transfer the money directly to your local bank account 🏦. Once confirmed that the money is in your bank, you release the USDT in Binance.

Alternative (Card): In some countries, the Recipient can sell USDT directly to a debit card linked to their bank account.

Ready! The cycle is complete: Bank Money → Crypto → Fast Global Sending → Local Bank Money. ✅