#Write2Earn #BinanceAfrica
What i learned How you use crypto to receive money from abroad in Africa
To receive money from abroad in Africa using cryptocurrency on Binance, you can follow these steps:
Create a Binance Account: First, sign up for a Binance account if you don't have one. Complete the necessary KYC (Know Your Customer) verification for security and compliance.
Get Your Wallet Address: Once your account is set up, navigate to the "Wallet" section on Binance and select the cryptocurrency you want to receive (e.g., Bitcoin, Ethereum, or any other supported crypto). Click on "Deposit" and copy your wallet address for that specific cryptocurrency.
Share Your Wallet Address: Send this wallet address to the person or entity sending you money. Make sure they are using the correct cryptocurrency to avoid any loss of funds.
Confirm Transaction: Once the sender sends the crypto, it will appear in your Binance account after the network confirms the transaction. Depending on the blockchain used, this could take anywhere from a few minutes to an hour.
Withdraw Funds: You can withdraw the cryptocurrency to your local wallet or convert it to local currency (like Naira, Cedi, etc.) via Binance’s P2P (peer-to-peer) platform. P2P allows you to sell your crypto directly to other users and receive the funds in your local bank account.
Always ensure to verify addresses and transaction details to avoid any errors.