QUESTION
How do I sell cryptocurrency on Binance for cash?
ANSWER
To sell cryptocurrency for cash on Binance, one first needs to ensure they have an account set up with Binance and that their account is verified according to the platform's requirements. After logging in, deposit the cryptocurrency you wish to sell into your Binance wallet. Navigate to the "Exchange" or "Trade" section and select the pair that corresponds to the crypto you're selling and the fiat currency you want to receive. For instance, if you have Bitcoin and want to sell it for USD, look for a BTC/USD pair. Place a sell order by specifying either the amount of crypto you want to sell or the amount of cash you'd like to receive. Choose between a market order (to sell immediately at current market prices) or a limit order (to set a specific price at which you're willing to sell). Once someone matches your order, Binance will credit your account with the corresponding amount of cash. Now, you can withdraw this amount to your linked bank account or a payment service accepted by Binance, completing the process of converting your cryptocurrency into cash.
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