How To Transfer From Binance To PayPal | How To Withdraw Funds From Binance To PayPal

If you’re looking to transfer funds from your Binance account to PayPal, whether to cash out your crypto holdings or move money between platforms, this guide will walk you through the process. Unfortunately, Binance does not support direct withdrawals to PayPal, but there are effective workarounds you can use.

Step 1: Log Into Your Binance Account

Begin by logging into your Binance account using your credentials. Once logged in, navigate to the Wallet section at the top of the dashboard and select Fiat and Spot to access your assets.

Step 2: Convert Crypto to a Transferable Currency

PayPal does not accept direct crypto transfers from Binance, so you’ll need to convert your cryptocurrency into a fiat currency or another cryptocurrency that can be withdrawn.

How to Convert Crypto on Binance:

1. Go to Trade and select Convert from the menu.
2. Choose the cryptocurrency you want to exchange (e.g., BNB, Ethereum, or Bitcoin) and convert it into USDT (Tether) or another widely accepted stablecoin.
3. Confirm the conversion and wait for the transaction to complete.

Step 3: Withdraw Funds Using P2P Trading

Binance has a Peer-to-Peer (P2P) trading platform, which allows you to sell your USDT, BTC, or other cryptocurrencies for cash and receive payments via PayPal.

How to Withdraw Funds via Binance P2P:

1. Navigate to Wallet > P2P Trading.
2. Select Sell and choose the cryptocurrency you converted (e.g., USDT).
3. Set PayPal as your preferred payment method.
4. Browse available buyers and choose one with a good rating.
5. Enter the amount you want to sell and initiate the transaction.
6. Once the buyer sends money to your PayPal account, confirm receipt and release the crypto to them.

⚠ Important: Ensure that the buyer has a high transaction completion rate to avoid scams.

Alternative Method: Using a Crypto Exchange as an Intermediary

If Binance P2P doesn’t have a buyer for PayPal transactions in your region, you can transfer your crypto to an exchange that supports PayPal withdrawals, such as Crypto.com, Coinbase, or Paxful.

Steps:

1. Transfer your USDT or Bitcoin from Binance to an exchange that supports PayPal.
2. Sell your crypto for fiat currency (USD, EUR, etc.).
3. Withdraw the funds directly to your PayPal account.

Step 4: Withdraw Funds From PayPal to Your Bank

Once you receive funds in PayPal, you can withdraw them to your bank account by following these steps:

1. Log in to PayPal and go to Wallet.
2. Click Transfer Money, then select Withdraw to your bank.
3. Choose your linked bank account and confirm the transfer.
4. Wait for the withdrawal to process (usually 1-3 business days).

Conclusion

While Binance does not support direct PayPal withdrawals, you can still move your funds by using P2P trading or third-party exchanges. The key steps include converting your crypto to a widely accepted currency (such as USDT), selling it via P2P trading, or transferring it to another exchange that supports PayPal withdrawals. Always ensure you trade with reputable buyers to avoid scams.

If you found this guide helpful, consider sharing it with others looking to transfer funds from Binance to PayPal!

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