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Arnold Kirimi
May 23, 2022
by Arnold Kirimi

Binance Enables 'Sell-Crypto-for-Fiat' Feature For Easy Cash Out

Binance Sell-Crypto-for-Fiat
Binance, one of the world's largest cryptocurrency exchanges, on Monday unveiled that it will now enable customers to sell their digital assets straight for fiat currency through its sell-crypto-for-fiat feature. This new feature will be accessible to all cryptos supported by Binance and permit customers to sell using their credit or debit cards.

As per the announcement, this feature supports 11 fiat currencies that include the Australian dollar (AUD),  United Arab Emirates Dirham (AED), Bulgarian Lev (BGN), Czech Koruna  (CZK), Danish Krone (DKK), Euro (EUR), Great Britain Pound (GBP), Croatia kuna (HRK), New Zealand Dollar (NZD),  Poland Zloty (PLN) and Ukrainian hryvnia (UAH).

For Binance users to buy and sell cryptocurrencies for fiat money, they need to complete account verification to increase their withdrawal limits and transfer funds to their Debit/Credit Cards. Verification is a simple process that only takes a few minutes, and Binance assured its users that their personal data will be kept safe and confidential. With this new development, Binance continues its commitment to providing the best possible experience for its users.

Binance Sell-Crypto-for-Fiat Feature Powered by Third-Party Partners

Additionally, the company stated that these features are made available through the services of third-party partners and reminded users that they are not responsible for any lost funds. Binance stated,

"It is important to note that the transactions are local and that there is no foreign remittance of money." 

In an effort to provide more value to its users, Binance has announced a series of new services that will help them avoid paying foreign remittance fees. These services are made available through the company's partnerships with third-party providers and will allow users to send money and make payments locally without having to worry about additional charges. These new services will help Binance users avoid paying foreign remittance fees. 

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Binance Enables 'Sell-Crypto-for-Fiat' Feature For Easy Cash Out
Arnold Kirimi
Arnold is a crypto enthusiast who discovered Bitcoin in 2017. He was immediately drawn to the technology and its potential to revolutionize how we interact with the world. Arnold is passionate about all things cryptocurrency and tech, and he's looking forward to seeing how they will change the world for the better. When he's not writing about or researching cryptocurrency, Arnold enjoys hiking and spending time with his family.

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