how to convert crypto to zar on binance

By following the simple steps outlined in the Binance guide, you can effortlessly convert your cryptocurrency holdings into South African Rands (ZAR) for seamless withdrawals to your bank account.

Nov 06, 2024 at 02:49 am

How to Convert Crypto to ZAR on Binance

Step 1: Create a Binance Account

• Visit Binance.com and click on "Register".
• Enter your email address and create a strong password.
• Complete the security verification by dragging the slider to the right.
• Agree to the Terms of Service and click "Register".

Step 2: Verify Your Identity

• Click on your profile icon and select "Identification".
• Choose "Get Verified" and follow the on-screen instructions to upload your identity documents (e.g., ID card, passport).
• Verification typically takes 1-2 business days.

Step 3: Deposit Crypto into Binance

• Click on "Wallets" and select "Spot".
• Click "Deposit" and choose the cryptocurrency you want to deposit.
• Generate a deposit address or scan the QR code to receive crypto funds.

Step 4: Sell Crypto for ZAR

• Navigate to the "Trade" section and select "Spot".
• Search for the crypto pair you want to trade (e.g., BTC/ZAR).
• Enter the amount of crypto you want to sell and click on "Sell".

Step 5: Withdraw ZAR to Your Bank Account

• Click on "Wallets" and select "ZAR".
• Click "Withdraw" and choose "Bank Withdrawal".
• Enter your bank account details and the amount you want to withdraw.
• Confirm the withdrawal by clicking "Submit".

Additional Notes:

• Binance charges a small service fee for crypto withdrawals.
• Withdrawal processing times vary depending on the bank and can take up to 3 business days.
• You can also use a third-party exchange or platform to convert crypto to ZAR, but their fees and exchange rates may differ.