Selling digital currencies for local currency is an important thing you should know in this market.
You should know all the available methods, because sometimes you are looking for the cheapest, sometimes you are looking for the fastest, and sometimes you are looking for the safest.
But what we will talk about today is selling to your bank card through the Binance platform.
Convert digital currencies to your local currency through your bank card
The idea of this method is that you will link your bank card to the Binance platform.
Then you will choose the sell option and sell the digital currency for local currency.
The advantage of this method is that it is fast and very safe, but it will probably not be cheaper than the P2P market.
How to sell digital currencies for Saudi Riyal and Kuwaiti Dinar?
First: From the Binance homepage, search 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 process will be completed, and your local currency will reach your card as soon as possible.
Is selling digital currencies to a bank card cheaper than the P2P market?
No, your use of selling through a bank card will not be because you are looking for the cheapest price.
Currently, for example, you can sell USDT for Saudi Riyal at 3.8 riyals, while if you sell through a bank card, the price of USDT will be 3.53 riyals.
Therefore, your use of the selling option through the card is if you are looking for a quick solution, or in the case of the Saudi market as we have recently witnessed from the closure of bank accounts due to P2P transactions, the selling option through the card will be the safe option.
