Knowledge

How To Transfer Cryptocurrency From Binance To PayPal: Step By Step

Users can transfer cryptocurrency funds from Binance to PayPal in the same manner as transfers from Binance to MetaMask by following a few easy steps.

One of the biggest cryptocurrency exchanges, Binance is praised for enabling cross-channel cryptocurrency transfers while keeping a continual supply of new listings for customers to browse and buy and sell.

Users are looking for ways to transfer money to PayPal, though, as the company has opened up more crypto services. Users of Coinbase and Binance are both interested in transferring funds from Coinbase to PayPal. This is how consumers can send cryptocurrency from Binance to Paypal.

How To Transfer Crypto From Binance To PayPal

To transfer crypto from Binance to PayPal, a user must follow the instructions mentioned below:

Log into your Binance account.
Click on Withdraw button.
Click on the Crypto tab.
Select the correct network and then choose the currency that you’d like to withdraw.
Copy and paste your PayPal crypto wallet address.
Authenticate your transfer.
Click confirm and your transaction will be complete.

And that’s it! You should be able to then check your PayPal wallet and, after the transaction has processed, see your assets on the site.

Of course, you can then choose to withdraw your crypto from PayPal, although if you want to cut out the middleman (and fees), then you can just withdraw from Binance.

How To Transfer Fiat From Binance to Paypal

To transfer fiat from Binance to PayPal, users must follow the instructions mentioned below. Note that you’ll need to transfer your cryptocurrency into fiat currency before starting this process, too.

Log into your Binance account.
Select on Withdraw tab.
Click on the Fiat tab, and choose the currency you want to transfer to PayPal.
Enter the withdrawal information, click on continue to proceed further, including details of the recipient wallet.
Check transfer details before clicking on confirm.
Authenticate your transfer by entering a verification code.

Can You Fund Binance Through PayPal?

Yes, you can. PayPal does allow its users to send crypto from PayPal accounts to other wallets and exchanges. To do so, a user must:

Log into PayPal and go to the crypto section of the app
Click on transfers and then click on the send option
Complete the ID verification steps
Enter the exchange wallet address, in this case, a binance wallet address
Pay the transaction fee
Confirm the transaction.

Binance to PayPal fees?

As per Binance, the exchange does incur a withdrawal fee for moving funds out of the exchange to any other platform.

The fees are calculated based on several external factors.

Those factors include network congestion, amount of funds extracted, etc.

“Withdrawals rates are determined by the blockchain network and can fluctuate without notice due to factors such as network congestion.” As stated by Binance

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.