Just like Binance to MetaMask transfers, users can also transfer crypto funds from Binance to PayPal in a few simple steps
Binance is lauded as one of the top crypto exchanges facilitating cross-channel crypto transfers while maintaining a steady Binance new listings repositories for users to explore and trade-in.
However, with PayPal opening up further crypto services, users are looking at ways to move funds to PayPal. Alongside Binance users, Coinbase users are also wondering how to transfer from Coinbase to PayPal. Here's how users can transfer crypto from Binance to Paypal.
How To Transfer Crypto From Binance To PayPal
To transfer crypto from Binance to PayPal, a user must follow the instructions mentioned below:
- Log into your Binance account.
- Click on Withdraw button.
- Click on the Crypto tab.
- Select the correct network and then choose the currency that you'd like to withdraw.
- Copy and paste your PayPal crypto wallet address.
- Authenticate your transfer.
- Click confirm and your transaction will be complete.
And that's it! You should be able to then check your PayPal wallet and, after the transaction has processed, see your assets on the site.
Of course, you can then choose to withdraw your crypto from PayPal, although if you want to cut out the middleman (and fees), then you can just withdraw from Binance.
How To Transfer Fiat From Binance to Paypal
To transfer fiat from Binance to PayPal, users must follow the instructions mentioned below. Note that you'll need to transfer your cryptocurrency into fiat currency before starting this process, too.
- Log into your Binance account.
- Select on Withdraw tab.
- Click on the Fiat tab, and choose the currency you want to transfer to PayPal.
- Enter the withdrawal information, click on continue to proceed further, including details of the recipient wallet.
- Check transfer details before clicking on confirm.
- Authenticate your transfer by entering a verification code.
Read More: How to withdraw Bitcoin from PayPal
Can You Fund Binance Through PayPal?
Yes, you can. PayPal does allow its users to send crypto from PayPal accounts to other wallets and exchanges. To do so, a user must:
- Log into PayPal and go to the crypto section of the app
- Click on transfers and then click on the send option
- Complete the ID verification steps
- Enter the exchange wallet address, in this case, a binance wallet address
- Pay the transaction fee
- Confirm the transaction.
Binance to PayPal fees?
As per Binance, the exchange does incur a withdrawal fee for moving funds out of the exchange to any other platform.
The fees are calculated based on several external factors.
Those factors include network congestion, amount of funds extracted, etc.
"Withdrawals rates are determined by the blockchain network and can fluctuate without notice due to factors such as network congestion." As stated by Binance