Binance to Payoneer

Posted on by

To transfer funds from Binance to Payoneer, you need to follow an indirect process since it’s currently not possible to directly transfer cryptocurrencies from Binance to a Payoneer account. However, you can follow these steps using alternative methods.

Official registration link:
👉 https://accounts.binance.com/register?ref=MAIZ2027

Steps to Transfer Funds from Binance to Payoneer

  1. Sell Your Cryptocurrencies for US Dollars (USDT, BUSD, BTC, etc.)

    First, you need to convert your cryptocurrencies on Binance to a stablecoin (like USDT or BUSD) or sell them for US dollars (USD). If you already have stablecoins, you can skip this step.
    To do this, log in to your Binance account, go to “Trade,” and select “Convert” to change your cryptocurrencies to USDT or BUSD.

  2. Use Binance P2P to Sell Your Cryptocurrencies

    To get money into an account like Payoneer, the easiest method is using the Binance P2P platform.
    On Binance P2P, you can sell your cryptocurrencies to buyers who will pay you via international bank transfers, including transfers to Payoneer accounts.

    Steps to use Binance P2P:

    • Go to Binance P2P: Log in to Binance and go to “Trade” > “P2P.”

    • Select the “Sell” option: Switch to the “Sell” tab and choose the cryptocurrency you want to sell (USDT, BTC, etc.).

    • Find buyers who pay via international bank transfer: Use the filters to find buyers who accept international bank transfers. If you find one who specifies payments to Payoneer, even better.

    • Initiate the sale: Enter the amount of cryptocurrency you want to sell and agree with the buyer on the payment method.

    • Confirm the sale: Once the buyer has sent the funds to your Payoneer account, confirm in Binance that you’ve received the money, and Binance will release the cryptocurrency to the buyer.

  3. Withdraw from Payoneer to Your Bank Account

    Once you’ve received the funds in your Payoneer account, you can withdraw them to your local bank account or use them directly in Payoneer for payments or purchases with your Payoneer card.

Important Considerations:

  • Buyer Verification on Binance P2P: Be sure to check the reputation and ratings of the buyer on Binance P2P to avoid fraud.

  • Fees: Payoneer may charge a fee for receiving international bank transfers and for withdrawing funds to a local bank account. Be sure to check Payoneer’s fees before proceeding.

  • Transfer Time: International bank transfers may take a few days depending on the bank and location. Transfers to Payoneer may be faster if the buyer already has a Payoneer account.

This method is the most efficient way to move funds from Binance to Payoneer. By selling your cryptocurrencies on P2P and receiving payment via international bank transfer or directly to Payoneer, you’ll be able to easily use those funds.