Simplifying Crypto Withdrawals: How to Convert Your Binance Funds to Kenyan Shillings with Bingtellar

For Kenyan crypto enthusiasts, navigating the process of withdrawing funds from platforms like Binance into Kenyan Shillings (KES) has often been fraught with challenges.

Binance, one of the world’s leading cryptocurrency exchanges, has seen a surge in popularity in Kenya over recent years. However, despite this increased interest, Binance does not currently support direct fiat withdrawals in Kenya.

This means users are unable to withdraw their cryptocurrency directly into local currency, such as Kenyan Shillings, from the platform.

This lack of fiat withdrawal support poses a significant limitation for Kenyan users on Binance.

To access their funds, they must first convert their cryptocurrency holdings into a supported fiat currency, such as US dollars, before withdrawing. This extra step can be time-consuming and costly, often involving additional fees and unfavorable exchange rates.

One alternative is to use Binance’s peer-to-peer (P2P) method, which involves trading with unknown merchants on the platform. However, this option can be risky, as it often comes with inflated exchange rates, and users may find themselves vulnerable to fraud.

The best solution for Kenyans is to use crypto-to-fiat platforms like Bingtellar. Bingtellar offers a variety of crypto withdrawal options, including bank transfers and mobile money, making it easier for users to cash out their crypto holdings into Kenyan Shillings in just a few simple steps.

A Step-by-Step Guide to Withdrawing Crypto to KES Using Bingtellar

Understanding Bingtellar:

Before diving into the withdrawal process, it’s essential to understand why Bingtellar has become the preferred choice for many Kenyan cryptocurrency users. Bingtellar is a Web3 payments platform that bridges the gap between cryptocurrency exchanges like Binance and local payment methods in Kenya.

It provides a secure and efficient way to convert your crypto holdings into Kenyan Shillings, offering both Mpesa and bank account withdrawal options.

Step 1: Setting Up Your Bingtellar Account

The first step is to visit the Bingtellar website and create an account. The signup process is straightforward and requires you to enter your details and complete the verification process to activate your account securely.

Step 2: Initiating the Withdrawal on Binance

Log in to your Binance account, navigate to the “Wallet” section, and select “Fiat and Spot.” Click on “Withdraw.”

Step 3: Selecting the Cryptocurrency to Withdraw

Choose the cryptocurrency you wish to withdraw, then select “Send via Crypto Network.”

Step 4: Transferring Crypto to Bingtellar

Log in to your Bingtellar account, navigate to the “Transfer” section, and specify the amount of crypto you want to convert to Kenyan Shillings.

Step 5: Choosing Your Cash Delivery Method

Select either mobile money or bank account as your preferred cash delivery method. Enter the relevant account details.

Step 6: Selecting the Appropriate Blockchain Network

Choose the BEP20 (Binance Smart Chain) as the network for your withdrawal address. Copy your unique wallet address generated on Bingtellar and paste it into the appropriate field on Binance.

Step 7: Completing the Withdrawal

Enter the withdrawal amount, ensuring it matches the amount specified on Bingtellar. Click “Withdraw” to send the funds.

Step 8: Confirming the Transaction

Review all the details of your withdrawal request to ensure accuracy, then click “Confirm” to approve the withdrawal.

Step 9: Finalizing the Process

Binance will send verification codes to both your email and mobile device. Enter these codes, and wait for the funds to transfer. Once confirmed on-chain, the money will be deposited into your bank account or Mpesa instantly.

Benefits of Using Bingtellar

• Speed: Bingtellar enables instant withdrawals, allowing you to access your funds without delay.
• Convenience: With options for both Mpesa and bank account withdrawals, Bingtellar caters to your preferred payment method.
• Security: Bingtellar prioritizes transaction security, ensuring a safe and reliable withdrawal process.
• Fair Rates: Enjoy transparent exchange rates and low fees when converting your crypto to Kenyan Shillings via Bingtellar.