Cryptocurrency has opened up new financial possibilities globally, and Kenya is no exception. Many Kenyan users now trade on Binance, one of the world's largest crypto exchanges. But once you've made your profit or received funds in crypto, how do you actually withdraw that money to your local bank or M-Pesa account?

In this article, we’ll walk you through step-by-step instructions on how to withdraw funds from Binance to popular Kenyan payment platforms like M-Pesa, Equity Bank, KCB, and others.

 

🔑 The Key Method: Binance P2P (Peer-to-Peer) Trading

Binance does not yet support direct withdrawals to Kenyan banks or M-Pesa. However, the Binance P2P platform provides a fast, secure, and reliable way to sell your crypto to local buyers who pay you directly via M-Pesa, bank transfer (Equity, KCB, etc.), or Airtel Money.

✅ Step-by-Step Guide: Withdraw via Binance P2P

 

🧭 Step 1: Open the Binance App or Website

v  Log in to your account.

v  Switch to “Binance Pro” mode if using the mobile app (P2P is not available in Lite Mode).

 

💸 Step 2: Transfer Crypto to Your P2P Wallet

v  Go to Wallet → Funding.

v  Tap Transfer, select the coin (e.g., USDT, BTC, BNB), and move it from your Spot Wallet to your Funding Wallet.

v  Only crypto in your Funding Wallet is available for P2P trading.

🛍 Step 3: Open Binance P2P

v  Tap “P2P” on the home page or under “Trade.”

v  Tap “Sell.”

v  Select the crypto you want to sell (most people use USDT for stable pricing).

 

💳 Step 4: Filter for Kenyan Buyers

v  Use the filter icon to select:

o    Currency: KES (Kenyan Shillings)

o    Payment Method: M-Pesa, Equity Bank, KCB, Airtel Money, etc.

v  Choose a buyer with:

o    High completion rate (over 90%)

o    Reasonable price

o    Verified badge (optional, but helpful)

 

📥 Step 5: Sell Crypto

v  Tap Sell next to your chosen buyer.

v  Enter the amount you wish to withdraw (either in KES or crypto).

v  Confirm your preferred payment method (e.g., your M-Pesa number or bank account).

v  Tap Sell with 0 Fees.

 

⏳ Step 6: Wait for Payment

v  The buyer will send the money directly to your M-Pesa or bank account.

v  Do not click “Confirm Receipt” until you’ve actually received the money in your account.

 

✅ Step 7: Confirm Receipt

v  Once you receive the payment in your bank or M-Pesa account, go back to Binance and tap “Payment Received.”

v  Confirm to release the crypto from escrow.

 

💡 Tips for Safe P2P Transactions

v  Use verified buyers with a good reputation.

v  Avoid trading outside Binance chat.

v  Never confirm payment unless you've received it.

v  Binance holds the crypto in escrow during the transaction—this protects both parties.

 

🔄 Supported Kenyan Payment Methods on Binance P2P

As of now, Binance P2P supports:

v  ✅ M-Pesa (most popular)

v  ✅ Equity Bank

v  ✅ KCB Bank

v  ✅ Airtel Money

v  ✅ Cooperative Bank

v  ✅ ABSA

v  ✅ Other local banks via direct transfers

Final Thoughts

While Binance doesn’t offer direct bank withdrawals in Kenya yet, its P2P platform is a fast, safe, and efficient solution. You can easily convert your crypto to cash and receive it through M-Pesa, bank transfers, or mobile money—all within minutes.

With a little practice, you’ll find this method both convenient and powerful. Whether you’re a trader, freelancer, investor, or crypto enthusiast, Binance P2P gives you access to your crypto profits in local currency anytime, anywhere.