Selling Bitcoin (BTC) in Myanmar and Thailand can be straightforward if you follow the correct process. This guide will show you how to use
Binance to sell your Bitcoin in these two countries.
Step 1: Create a Binance Account
If you donāt have a Binance account yet, follow these steps to create one:
Go to the Binance website. Sign up for Binance (click this link mention here to get 20% lifetime discount)Register: Click on āRegisterā at the top right corner of the page.Enter your email or phone number and create a strong password.Verify your account: Complete the
KYC (Know Your Customer) verification process by uploading your ID and taking a selfie.
Step 2: Deposit Bitcoin to Binance
If your Bitcoin is stored in a different wallet or exchange, youāll need to transfer it to your Binance wallet.
Log in to your Binance account.Go to Wallet: Navigate to the wallet icon in the top right and select āFiat and Spot.āClick on Deposit: Select the cryptocurrency you want to deposit (Bitcoin in this case).Copy your Bitcoin deposit address: Paste this address into the withdrawal section of your external wallet and transfer your BTC.
Step 3: Navigate to P2P Trading
P2P (Peer-to-Peer) trading is the easiest way to sell Bitcoin in Myanmar and Thailand.
Go to the Binance P2P Platform: Once logged in, hover over āTradeā in the top navigation menu and select āP2P.āSelect Sell: On the P2P trading page, click the āSellā tab.
Step 4: Choose the Right Payment Method
Now, you need to choose your preferred payment method. In Thailand and Myanmar, common options include bank transfer and mobile wallets like KBZPay and TrueMoney.
Select your payment method: Filter through offers and choose the one that matches your preferred payment method.Enter the amount of Bitcoin you want to sell and ensure the price and payment details align with your expectations.
Step 5: Confirm the Sale
Once youāve selected the payment method:
Confirm the transaction: Enter the amount of Bitcoin you want to sell and confirm the details.Wait for the buyer to transfer the money: The buyer will transfer the agreed amount to your bank account or mobile wallet.Release the Bitcoin: Once youāve confirmed receipt of payment, click āReleaseā to send the Bitcoin to the buyer.
Step 6: Withdraw Your Funds
After successfully selling your Bitcoin, you can withdraw your funds to your bank account or mobile wallet.
Go to your wallet: Select "Withdraw" under "Fiat and Spot."Enter withdrawal details: Choose your local currency and input your bank details or mobile wallet information.Confirm the transaction: Withdraw your money to your account.
Final Tips
Double-check payment details: Always ensure the payment has been received before releasing Bitcoin.Stay updated on fees: Be aware of any fees Binance may charge for selling BTC via P2P.Use trusted payment methods: Stick to trusted payment options to avoid scams.
For more details, you can visit Binanceās official guide on P2P trading here: Binance P2P Trading.
By following these steps, you can sell Bitcoin easily in Myanmar and Thailand through Binance.
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