How to sell your cryptocurrencies to your bank card?
Selling cryptocurrencies for local currency is something important you need to know in this market.
You need to be aware of all available options, because sometimes you look for the cheapest, other times you look for the fastest, and other times you look for the safest.
But what we will talk about today is selling to your bank card through the Binance platform.
Converting cryptocurrencies to your local currency through your bank card.
The idea of this method is that you will link your bank card on the Binance platform.
Then you will select the sell option and sell the cryptocurrency for local currency.
The notable thing about this method is that it is fast and largely secure, but it generally will not be cheaper than the P2P market.
How to sell cryptocurrencies for the Saudi riyal and the Kuwaiti dinar?
First: from the main Binance page, look for Sell to Card.
Second: choose the currency you want to sell.
Third: link your credit card.
Fourth: choose the service provider and click Sell.
Fifth: you will be redirected to the service provider, fill in your details and the sale will be processed, and your local currency will reach your card as soon as possible.
Is it cheaper to sell cryptocurrencies to the bank card than in the P2P market?
No, using the sale through the bank card will not be because you are looking for the cheapest price.
At this moment, for example, you can sell USDT for the Saudi riyal at 3.8 riyals, while if you sell through the bank card, the price of USDT will be 3.53 riyals.
Therefore, using the sell option through the card is if you are looking for a quick solution, or in the case of the Saudi market, as we have seen recently with the closure of bank accounts due to P2P transactions, the sell option through the card will be the safe option.
