Binance is one of the largest and most popular cryptocurrency exchanges in the world, offering a wide range of opportunities for trading and investing in digital assets. However, sooner or later, every Binance user faces the question: how to withdraw earned funds to a bank card?
There are several ways to withdraw money from Binance, each with its own features, advantages, and disadvantages. Choosing the best method depends on your needs, preferences, and available options.
In this article, we will look at the best ways to withdraw money from Binance to a card in 2024, describe the exchange process in detail, and analyze the pros and cons of each method to help you make the right choice.
P2P (peer-to-peer)
P2P is a decentralized way to exchange cryptocurrency directly between users, without the involvement of intermediaries. On Binance, the P2P platform acts as a guarantor of the security of the transaction, ensuring that the cryptocurrency is blocked until the seller confirms receipt of fiat funds.
How the exchange takes place:
- Select the desired exchange direction (for example, USDT to hryvnia).
- Choose an offer from the seller, taking into account the rate, limits and payment terms.
- Initiate a trade and transfer cryptocurrency to the Binance escrow account.
- Make a payment to the seller on his bank card (Monobank, PrivatBank or another bank) according to the terms of the transaction.
- Confirm the payment on the Binance platform.
- The seller receives a payment notification and releases the cryptocurrency from the escrow account.
Pros:
- Often a more favorable rate than direct exchange on the exchange.
- Large selection of currency pairs.
- Possibility to negotiate individual terms with the seller.
- High transaction speed.
Cons:
- The need to interact with other users.
- Risk of fraud (it is important to choose trusted sellers with high ratings).
- There may be restrictions on exchange amounts.
MaxSwap
MaxSwap is a decentralized exchange (DEX) that allows you to exchange cryptocurrency directly from your wallet, without having to transfer it to an exchange. MaxSwap offers integration with MaxSwap Wallet and other popular wallets, providing a fast and secure exchange of cryptocurrency for stablecoins, which can then be withdrawn to a bank card.
How the exchange takes place:
- Make a transfer to your crypto wallet on the MaxSwap platform.
- Select the desired cryptocurrency (for example, ETH, BTC) and click Sell.
- Specify the exchange amount and confirm the transaction in your wallet.
- Withdraw coins to your bank card via supported services or P2P platforms.
Pros:
- Decentralized exchange, control over your assets.
- High transaction speed.
- Low fees.
- Convenient integration with MaxSwap Wallet.
Cons:
- An additional step may be required to withdraw stablecoins to the card.
- The exchange rate may differ slightly from the stock exchange rate.
Conclusion
Both P2P and MaxSwap offer convenient and efficient ways to withdraw money from Binance to a card. P2P is suitable for those who are looking for the most favorable rate and are ready to interact with other users. MaxSwap offers a more decentralized and fast approach, especially convenient for MaxSwap Wallet users.
Ultimately, choosing the best method depends on your individual preferences and priorities.
