Attention, this is for my people in VENEZUELA 🇻🇪, although it may be useful for others in Latin America.
As we know, for those of us inside Venezuela, it is difficult to access digital currencies, more due to a lack of knowledge about the tools than their availability. Yes, because it doesn't matter if you have a Venezuelan platinum card, that doesn’t even get you a piggy bank.
I started using Binance, not for cryptocurrencies, but because I was looking for a secure way to recharge my cards, as the service offering is not only expensive but also prone to scams.
With them, I can pay for entertainment and subscription services, make purchases on Amazon, hire advertising from Metta or Google, send or receive money, in short, the utility is out of sight.
✳️ Before continuing, I emphasize that this post is purely informative and should not be taken as financial or commercial advice. The research on the instruments mentioned here is your responsibility and risk.
But, what are they?
Wally and Zinli are debit cards created in Panama, initially to bank the Panamanian youth population, mainly Venezuelan migrants, and nationals of that country who, due to their socioeconomic conditions, did not have access to traditional banking. Wally is backed by Banesco and MasterCard; Zinli is supported by Banco MERCANTIL Panama and Visa.
Okay, so how do I recharge from my P2P?
First, you must have completed the security steps from both Binance and the apps:
1. Enable two-factor authentication (2FA)
2. Use a strong and secure password 🔑.
3. Activate the Anti-Phishing code.
4. Complete the KYC
Without this step, you will not be able to operate on Binance P2P, nor on Spot or Futures.
In your P2P profile, you must also register your payment methods; it is extremely easy.
Once you have met these requirements, which are for everyone's safety, you can start trading.
You have your USDT and you need to sell them to recharge your cards for a certain amount, what do you do then?
You go to P2P
You set up your operation, selecting:
- The Fiat currency, in this case, USD.
- The amount you are going to trade, at least 10 USD. Keep in mind the exchange fee.
- The payment method.
Additionally, I suggest filtering to show only merchants verified by Binance.
After configuring, a list of offers with the gross price to pay will appear. Select the one that suits you best, considering its effectiveness and approval level, the time it takes, and that the person is online 🟢.
Lastly, wait for the payment notification, then check in your app that it has actually been credited, and that's it, you release the coins, rate the operator. All within P2P.
This operation takes longer to describe than to carry out. On average, 3 minutes. It may take longer at first while you adapt to the app.
It is safe and reliable as long as you follow the procedures and use your common sense. Nevertheless, it is not without risks.
⚠️ REMEMBER: this post is for informational purposes, it does not represent the position of Binance, nor of the companies mentioned here. It should not be considered financial advice, investment advice, or the use of instruments. You should do your own research (DYOR)
May it be useful for your well-being.
There are other methods like Binance Pay and the Wallet, but that will be for another post.
High VIBRATION ✌️
