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How to Sell Crypto to EUR via Paymonade Bank Transfer?
2024-01-18 02:59
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Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
1. Log in to your Binance account and tap on [Trade] - [Buy].
2. Tap [Buy Crypto] on the top and switch to [Sell Crypto].
Then, choose the cryptocurrency you want to sell. Here we use USDC as an example.
3. Here you can choose to sell crypto to different fiat currencies. Enter the USDC amount you want to sell, and the system will automatically display the amount of EUR you can get. Select [Paymonade(SEPA)] and tap [Sell USDC] to continue.
4. If you haven’t completed security verification for your Binance account, you’ll be prompted to do so at this step.
5. If this is your first time using Paymonade, you’ll need to agree to share your information with the payment provider. Read and agree to the terms and click [Continue].
Please note that your personal data will be shared with the payment provider for identity verification and onboarding purposes, as well as for activating fiat transactions.
6. Please follow the instructions on the Paymonade platform to proceed with your transaction.
If you encounter any issues when selling crypto on Paymonade, please refer to the Paymonade Support Center.
7. Check the order details carefully before tapping [Confirm].
Your withdrawal order will be submitted. Please wait patiently for the bank to process your order.
1. Log in to your Binance account and mouse over the [Wallet] icon. Click [Overview].
4. Select EUR and choose [Paymonade (SEPA)]. Then click [Continue].
Please note that cryptocurrency in your Spot Wallet will be automatically converted into EUR using a real-time conversion rate.
5. If you haven’t completed identity verification for your Binance account, you’ll be prompted to do so at this step.
6. Enter the amount of cryptocurrency you want to sell. You’ll see the amount you will receive in EUR and the transaction fee (if any). Click [Continue].
7. If this is your first time using Paymonade, you’ll need to agree to share your information with the payment provider. Read and agree to the terms and click [Confirm].
8. Verify your withdrawal request with your passkeys or 2FA devices.
9. You’ll be directed to Paymonade’s website. If you haven’t added your bank account yet, you will need to do so at this step. Please note that the account holder's name must match the one on your Binance account.
Note: If you encounter any issues when selling crypto on Paymonade, please refer to the Paymonade Support Center.
10. Check the order details carefully before clicking [Confirm], and your order will be submitted. Please wait patiently for the bank to process your order.
