How to Withdraw from Binance to Your Payoneer Account

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Author: Mr. KingsHOK
An accountant who turned cryptopreneur to pursue my interest in crypto and decentralized finance. Let me show you how to invest safely in the space with my experience over the years.

There’s no way to link Payoneer to Binance platform directly.

However, you can still transact in cryptocurrencies on Binance exchange with Payoneer somehow.

Binance is originally from China, but operates from Malta, while serving millions of users worldwide since 2017.

Many investors liked it for listing vast number of crypto pairs, ranging from most popular cryptos to lesser-known obscure altcoins.

It also charges incredibly low fees, has a native currency BNB that can be used for getting discounted fees, and offers its own digital wallet.

If you wish to learn how you can always withdraw money from Binance to your Payoneer account, keep reading as I’ve got you covered.

Let’s begin…

How to cashout from Binance to Payoneer

Initially, Binance was a crypto-to-crypto exchange, which means you would always have to transfer your crypto out.

However, the team later made it possible to withdraw crypto investment without the need for third-party fiat currency conversion.

Follow the simple steps below to learn how to withdraw from Binance to Payoneer account safely.

  1. Visit Binance exchange website
  2. Register or login into your account
  3. Hover on the navigation bar ‘wallet’ link
  4. Click on the ‘P2P’ option link
  5. Navigate to the Peer-to-Peer section
  6. Select your desired cryptocurrency to sell
  7. Filter vendors by Payoneer payment method
  8. Enter the amount of cryptocurrency to sell
  9. Select a reliable and trusted vendor
  10. Start the crypto transaction process
  11. Receive equivalent fund in Payoneer
  12. Confirm the transaction as successful.

Once you complete these steps, you will be presented with questionnaire to fill-up before approval.

Does Payoneer work with Binance?

No, Payoneer can only store fiat currencies, and does not support cryptocurrency assets.

Can I cashout Binance USDT to Payoneer?

Yes, you can withdraw USDT from Binance to Payoneer, but that can only be done using the exchange P2P marketplace.

Can I transfer money from Binance to Payoneer?

As at the time of writing, there’s no way to directly transfer funds from Binance exchange to Payoneer.

To get your money out of the exchange to Payoneer, you have to make use of the P2P feature.

Can I transfer money from Payoneer to Binance?

It possible, but the only way possible on how to transfer money from Payoneer to Binance is to use the credit/debit card.

Using the Payoneer card, you can deposit funds into your Binance exchange account very easily.

Final words

As you can see, the process of withdrawing money from Binance to Payoneer is quite simple.

However, you’ll need to know exactly what you’re doing to avoid losing your investment in the process.

Make sure to include correct details when withdrawing you funds, otherwise, you may risk losing your investment without trace.

To hide your crypto transaction footprints, I would suggest you make use of a no-log VPN service.