#Convert binance fees how to#

These exchanges provide a reliable and trustworthy way of trading BNB. Exchanges are undoubtedly the most popular means of selling BNB for any investor. Primarily, any market participant looking to make easy sales can do so using the following channels: Platform lacks liquidity overall and not suitable for high net worth BNB tradersĪs the cryptocurrency market has continued to grow, so have the avenues through which investors can easily sell their coins.This means traders might have to sell such assets and incur a flat fee of 0.1% before transferring them to the P2P platform. For instance, the popular P2P platform supports a limited amount of cryptocurrencies. However, it could be tricky for a first-timer due to the steps involved in selling some digital assets. Another benefit of using the P2P exchange to sell BNB is numerous payment options, including bank wires, Revolut, TransferWise, and Western Union. The P2P platform on Binance has zero fees and is secured with escrow.

This presents investors with an alternative withdrawal path around these restrictions mentioned above.

#Convert binance fees how to#

For more information, read this article on how to withdraw from Binance.Īnother method to sell BNB for cash on Binance (e.g. For instance, some traders in countries with strict banking laws on crypto might be unable to access bank transfer withdrawals. Furthermore, the available withdrawal methods vary based on the user's region. As can be seen below, Binance holds the largest market share for BNB pairs.įor investors looking to sell BNB into fiat, it is important to note that Binance has varying withdrawal timelines. In fact, Binance maintains the largest trading volume for BNB tokens. Moreover, each of the Binance Coin trading pairs such as against USDT and USD has deep liquidity. There are several BNB trading pairs to select from that will suit all types of investors that want to sell to cash. The reason why Binance is the best exchange to sell BNB tokens is the flexibility to trade BNB for fiat or convert the asset to another cryptocurrency like Bitcoin or even a stablecoin. Its reach globally makes it a highly accessible platform for individuals to sell BNB tokens regardless of their location. For those that are new to Binance, the exchange is available worldwide in more than 100 countries including the United States via a regulated subsidiary called Binance US. Not only is Binance the largest crypto exchange in the world, but it is also likely to be the first place investors go to buy Binance Coin, and therefore their funds are already held within a Binance wallet. Binance - Best Overall Place To Sell BNBīinance is undoubtedly the best place to cash out of its native token, Binance Coin. Where To Sell BNB For Cashīelow, we review the best platforms to sell BNB into cash or stablecoins:ġ. The larger exchanges with higher trading volumes typically have very competitive pricing for selling BNB to cash or another altcoin. It is also important to keep in mind that selling BNB will incur exchange fees for providing the platform. These platforms are generally safe and trusted places to sell BNB for another digital asset or into a fiat currency with good liquidity. At the same time, the increased demand for BNB means that current investors looking to cash out of their BNB holdings won’t have a problem finding buyers. Yes, Binance coins can be sold on the biggest cryptocurrency exchanges around the world such as Binance, Poloniex, and KuCoin. Once BNB has been sold to cash, withdrawal the money to a bank account using the supported methods. Either trade BNB directly for fiat or use the Convert function to make instant currency conversions. Usually, the process should take a few minutes. Send BNB tokens from an external wallet to the exchange using the Binance Network. Before making a deposit in fiat currency, exchanges have a mandatory Know Your Customer (KYC) process that will need to be completed. Create an account with the exchange using a valid email address or mobile number. Register an account with the exchange.

A reputable option based on our research is Binance. Find and compare exchanges that support BNB tokens that are available within the specific country and support the desired fiat currency. The steps below outline the process involved in selling BNB: To sell BNB, using a licensed and trusted cryptocurrency exchange is one of the best methods.