QUESTION
How can I convert cryptocurrency to fiat currency on Binance?
ANSWER
To convert cryptocurrency to fiat currency on Binance, one must first ensure they have an account on the Binance platform. Once logged in, navigate to the "Wallet" section and select "Fiat and Spot". Find the cryptocurrency they wish to sell and click "Trade." Choose the desired fiat currency as the pair (e.g., BTC/USD) and execute a sell order at either market price or set a limit order at their preferred price point. After the sale is complete, the fiat currency will be credited to the user's Fiat and Spot Wallet. From there, one can proceed to withdraw the funds by clicking on "Withdraw", selecting the fiat currency, and choosing a withdrawal method such as bank transfer or credit card that Binance supports. Lastly, follow the prompts to complete the withdrawal process, ensuring all provided banking information is accurate to receive their funds successfully.
EXCLUSIVE OFFER