Payoneer is understood for its international cost companies, enabling people and companies to ship and obtain cash worldwide. Whereas Binance doesn’t help Payoneer straight, you possibly can nonetheless switch cash out of your Payoneer account to Binance in a couple of straightforward steps.
On this article, we’re going to present you how one can switch cash from Payoneer to Binance, how one can purchase Bitcoin and different crypto with Payoneer, and extra.
Key highlights:
- The Binance P2P market would not help Payoneer as a cost methodology.
- Nevertheless, you need to use your Payoneer card to purchase cryptocurrency on Binance after which use the cryptocurrency you got on Binance P2P.
- There are a variety of P2P crypto buying and selling platforms the place you should purchase Bitcoin with Payoneer.
- Normally, you may must pay a premium to the market worth if you wish to purchase cryptocurrency with Payoneer.
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Tips on how to switch cash from Payoneer to Binance?
The best strategy to switch cash from Payoneer to Binance is to deposit funds together with your Payoneer bank card to purchase crypto. Here’s a step-by-step information on the best way to do it.
Step 1: Signal into your Binance account
Begin by signing into your Binance account through a desktop browser or cell app. If you happen to don’t have a Binance account, you possibly can open a brand new account by clicking on the button under. Remember that you’ll want to finish a KYC course of earlier than you need to use all of Binance’s options.
Open Binance Account
Step 2: Purchase crypto with a bank card
Choose the “Credit score/Debit Card” choice from the “Purchase Crypto” drop-down menu on the Binance homepage.
Step 3: Enter the quantity of fiat foreign money you need to spend
Choose the fiat foreign money you need to use and choose the cryptocurrency you need to buy. For the needs of this information, we’ll be shopping for $100 value of Bitcoin with the US greenback. Click on “Proceed” to proceed.
Step 4: Enter your Payoneer card particulars
Present the related card particulars, together with your title, card quantity, expiration date, safety code, and handle. Click on “Affirm” to proceed.
Step 5: Affirm the transaction
You’ll be offered with a affirmation window that shows your order’s particulars, together with the fiat complete, the amongst of transaction charges, and the trade fee.
Within the case of Binance, you’ll have 10 seconds to substantiate your transaction. The quick time window is supposed to ensure in opposition to any fee modifications that would happen earlier than the order is confirmed. In any other case, you’ll must repeat the method.
If you’re content material together with your order, click on “Affirm” to purchase Bitcoin and thus switch funds out of your Payoneer account to Binance.
Tips on how to purchase Bitcoin and different crypto with Payoneer?
There are two methods of shopping for Bitcoin and different crypto with Payoneer. The primary methodology is to make use of your Payoneer bank card to purchase crypto (described within the steps above), which is arguably essentially the most handy means of investing in Bitcoin and different cryptocurrencies when utilizing Payoneer.
The second methodology includes one of many peer-to-peer buying and selling platforms that enable customers to purchase and promote cryptocurrencies straight from each other. Outstanding examples of P2P crypto marketplaces the place Payoneer can be utilized to purchase Bitcoin embody Paxful, Noones, and BitValve.
Paxful
Paxful is likely one of the hottest P2P crypto marketplaces, and retailers on the platform can select to simply accept funds with Payoneer. Nevertheless, most retailers accepting this cost methodology cost a premium. If you happen to’re paying with Payoneer, you may pay about 3% extra in your Bitcoin than if you happen to merely purchased BTC utilizing a spot buying and selling trade.
LocalCoinSwap
LocalCoinSwap is a peer-to-peer cryptocurrency market that places an emphasis on consumer privateness — there are not any KYC necessities for buying and selling on the LocalCoinSwap platform. {The marketplace} helps Bitcoin in addition to a big assortment of altcoins and tokens.
General, LocalCoinSwap helps greater than 90 fiat foreign money cost strategies, and Payoneer is amongst them as properly. On the time of writing, now we have been capable of finding fairly a couple of sellers accepting Payoneer on LocalCoinSwap, though all of them cost a premium of not less than 5%.
LocalCoinSwap additionally employs a non-custodial design, which permits customers to retain management over their crypto when utilizing the platform. LocalCoinSwap additionally gives escrow safety to scale back the chance of fraud.
Noones
Noones is a P2P market that gives a service that’s similar to Paxful. On Noones, you possibly can fairly simply discover Bitcoin sellers that settle for funds through Payoneer, though it’s a must to needless to say similar to on different P2P marketplaces, most retailers accepting Payoneer cost a premium (about 3% on this case).
BitValve
BitValve is one other P2P crypto market the place you should purchase Bitcoin with Payoneer. On the time of writing, we have been solely capable of finding 1 vendor on BitValve who accepted Payoneer, they usually have been charging a really excessive premium of 14%. Nonetheless, BitValve may very well be value trying out if you happen to’re trying to purchase BTC with Payoneer, as new sellers may be a part of {the marketplace} with higher affords.
Hodl Hodl
Hodl Hodl is a P2P market that focuses completely on Bitcoin. It has a completely non-custodial design and would not require any id verification from customers. To stop fraud, Hodl Hodl employs a status system that enables customers to rapidly test the status of their counterparty.
We have been capable of finding a handful of affords from crypto sellers that settle for Payoneer on Hodl Hodl, though the quantity was fairly low. The variety of affords accessible on Hodl Hodl at any given time can fluctuate rather a lot, so it is positively a platform value trying out if you happen to’re questioning the best way to purchase Bitcoin with Payoneer.
Does Binance settle for Payoneer?
No, Binance doesn’t settle for Payoneer as a cost methodology natively, which signifies that you can’t switch fiat from Payoneer to Binance straight. Nevertheless, you need to use a Payoneer card to purchase cryptocurrencies on Binance.
Tips on how to purchase USDT with Payoneer?
You should purchase Tether (USDT) with Payoneer through the use of your Payoneer card. You will discover a step-by-step information on the best way to purchase crypto with Payoneer within the part above if you wish to go the Binance to Payoneer route. You can too use Binance P2P with Payoneer and purchase USDT
The underside line
Transferring cash from Payoneer to Binance is a comparatively easy course of. By following the step-by-step information, you possibly can simply use your Payoneer funds to purchase crypto utilizing the Payoneer card. If you wish to pay for cryptocurrency straight by means of the Payoneer platform, you need to use a peer-to-peer cryptocurrency market equivalent to Paxful, Noones or BitValve.
If you’re on the lookout for different strategies of shopping for crypto, test our articles on the best way to purchase Bitcoin with Amex and the best way to purchase Bitcoin with a present card.