How To Withdraw From Binance To M-Pesa Wallet In Kenya

Are you looking for details on how to withdraw from Binance to M-Pesa? For years, Binance has supported M-Pesa, Africa's most successful mobile money service, as a payment method for cryptocurrency trading. You can use M-Pesa to purchase Bitcoins through the Binance P2P platform. But is it possible to withdraw money from Binance to M-Pesa?

Binance Holdings Limited, branded Binance, is a worldwide company that operates the largest crypto exchange. It was developed and founded in 2017 by Changpeng Zhao, who had previously created high-frequency trading software.

How to withdraw money from Binance to M-Pesa?

Cryptocurrency trading in Africa has been on the rise in recent years. The Binance P2P is among the top platforms that provide easy flat-to-crypto access to local users with mobile-friendly payment methods and excellent customer support.

Many Kenyan Binance users ask, "Can I withdraw from Binance to M-Pesa?” Yes, it is possible withdraw USDT from Binance to M-Pesa. Here are the steps for withdrawing money from Binance to M-Pesa.

• Log in to your Binance account and go to the “Wallet” section.
• Click "Fiat and Spot" and choose the cryptocurrency you want to withdraw.
• Enter the amount you want to withdraw and pick Kenya as the country.
• Choose the payment method, i.e. M-Pesa or bank transfer.
• Enter the withdrawal details, including M-Pesa number or bank account details.
• Confirm the withdrawal and follow any additional instructions from Binance.
• Once the withdrawal is successfully processed, the fund should be transferred to the M-Pesa number or bank account.

How to link M-Pesa with Binance?

Before logging in to your Binance account, you must complete level 2 identity verification. This process ensures a high level of security for your money. If you are a first-time Binance user, here is the process for linking M-Pesa with Binance.

• On the Binance homepage, click "Payment Methods" and then P2P payment methods.
• Find “Add M-Pesa” among the available payment options, then enter your detailed payment information.
• Tap “Confirm” and now you’re ready to trade.

How to buy Bitcoin with M-Pesa on Binance?

Do you want to buy Bitcoin using your M-Pesa account but don't know how? Here are the simple steps to buy Bitcoin directly with M-Pesa.

• Open the Binance application and click on “P2P Trading.”
• Click on “Filter” to specify the payment method you want to use.
• Choose the "M-Pesa" payment method and KES currency to buy crypto the tap "Confirm."

What is the minimum withdrawal from Binance?

According to Binance's official website, the minimum withdrawal crypto amount varies depending on the cryptocurrency you’re withdrawing. For example, the minimum withdrawal limit for Ethereum is 0.004 ETH, while the minimum for Bitcoin is 0.002 BTC.

When it comes to fiat currencies (such as USD or EUR), there’s a minimum withdrawal limit for each currency. For example, the minimum Euro amount you can withdraw is 10.00 EUR, while the minimum US Dollar amount is 50.00 USD.

How much does it cost to withdraw USDT from Binance?

Withdrawal charges on Binance vary depending on the coin type. For Ethereum (ETH), the cost is 0.01 ETH. For Bitcoin (BTC), the fee is 0.0005 BTC. And for Tether (USDT), the fee is 20 USDT.

Frequently Asked Questions (FAQs)

1. Does Binance support M-Pesa? Yes, you can purchase Bitcoin in Kenya through Binance using M-Pesa.
2. Why can't one withdraw money from Binance? Users can’t withdraw USD before converting it to stable coins or another digital asset.
3. What is Binance and how does it work? Binance is a top cryptocurrency platform founded in 2017. Binance offers crypto-to-crypto trading in over 350 virtual tokens and cryptocurrencies.
4. Is Binance safe and legit? Binance is legit and often considered one of the safest crypto trading platforms in the world.
5. What are the benefits of using Binance? With world-class security and greater transparency, the Binance platform offers the most convenient gateway to secure trading for financial institutions.
6. Is Binance real or fake? Binance is real and one of the world's largest cryptocurrency exchange platforms.
7. Can one get their money back if scammed on Binance? Yes, you can. Provide your transaction history and contact the Binance support service for help.

Final word

The process of how to withdraw from Binance to M-Pesa is simple. All you need to do is log in to your Binance account and follow the above-listed steps. You'll be done in minutes.

DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

Tuko.co.ke has shared an article about registering your Safaricom line online. You can register your Safaricom line online instead of visiting an M-Pesa agent or Safaricom shop. Safaricom launched the online SIM card registration portal in April 2022 to offer convenience and save time for its subscribers. So, what are the steps of registering your Safaricom line online?