Transferring crypto from Binance to PayPal is not a straightforward process, as PayPal does not allow receiving crypto assets from external exchanges. However, you can do so using an alternative method, such as converting crypto to fiat and withdrawing to PayPal via third-party platforms. Similarly, you can also transfer money from Binance to your local bank via a bank transfer. In this article, we explain step-by-step how to do it safely and efficiently.$PEPE

Step 1: Sell your crypto on Binance

  1. Log in to your Binance account.

  2. Go to the “Portfolio” section and select “Fiat and Spot”.

  3. Find the cryptocurrency you want to transfer and click "Sell."

  4. Choose the sell option in your local currency (USD, EUR, etc.).

  5. Confirm the transaction and wait for the funds to be credited to your fiat balance.

Step 2: Withdraw funds to PayPal or your local bank

To send money to PayPal:

To send money to PayPal, you will need to use an intermediary such as Paxful, LocalBitcoins, or an exchange that supports PayPal withdrawals.$ETH

  1. Sign up to a trusted P2P platform that allows withdrawals to PayPal.

  2. Find a buyer who accepts PayPal transfers in exchange for the fiat currency you have on Binance.

  3. Initiate the transaction and follow the buyer's instructions.

  4. Once the buyer confirms receipt of payment, you will receive the funds in your PayPal account.

To send money to your local bank:

  1. On Binance, go to the “Withdraw” section under “Fiat and Spot”.

  2. Select the withdrawal option via bank transfer.

  3. Enter your bank account details, including the bank name, account number and SWIFT or IBAN code as appropriate.

  4. Enter the amount you wish to withdraw and confirm the transaction.

  5. Please wait for the processing time, which may vary between 1 to 5 business days depending on the bank.

Step 3: Verify and withdraw funds to PayPal or your bank

  1. Log in to your PayPal account or check your bank account and verify that you have received the money.

  2. If you want to use the funds on PayPal, you can transfer them to your bank account or use them directly for purchases.

  3. If you received the money in your bank, you can now use it as you wish.

Safety Tips

  • Check the buyer's reputation on P2P platforms to avoid scams.

  • Use two-step verification on your Binance, PayPal, and bank accounts.

  • Read the transaction fees of the platform you use to avoid unexpected costs.

While it is not possible to transfer cryptocurrencies directly from Binance to PayPal, you can do so by converting to fiat currency and using secure P2P platforms. You can also withdraw funds from Binance to your local bank via a wire transfer. By following these steps, you will be able to move your funds efficiently and safely.

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