If you have reached the point where you have decided to withdraw from Coinfarm and get your Coinfarm earned amount and proceeds to your Binance account, you may be wondering how to go about doing so. In this article, I will show you how to withdraw from Coinfarm to your Binance account via Payeer. The process is actually quite simple and only takes a few minutes to complete.
Why this method? Via Payeer to Binance
One thing that is very much important to highlight here; Why I am not using other payment methods i.e. withdrawal directly via BTC or directly into my bank account. Why withdraw from Coinfarm to a crypto account in Binance via Payeer? Because Coinfarm supports all these payment methods. The answer is simple, just like me, everyone always looks for the most efficient and cost-effective methods to be used to withdraw or transfer money to another account. This method via Payeer to Binance or any other crypto exchange or crypto wallet account is the most cost effective and efficient process to be adapted.
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Let’s get started!
The first thing you will need to do is log in to your coinfarm, Payeer, and Binance account in your browser at the same time to avoid spending too much time in the process.
Now click on the withdraw fund as highlighted in the picture, then select Payeer withdrawal option into your coinfarm account.
Now go to your Payeer account and find the P number (11 digit) at the top of your account’s dashboard, as can be seen in the picture given below.
Provide your P account number on the withdrawal page of your coinfarm account, and then enter the gold bars available in your account or the number of gold bars that you wanted to convert into cash and withdraw your payment. Check the payment amount in USD is equal to or less than the crystals you have available in your account and just click on order payoff and that it. You will find a withdrawal successful notification just as you can see in the picture given below.
Now moving on to the Payeer account. Refresh the page, you would have received the amount in less than a minute. If you want to retain it in your account, that is up to you. But, I would rather prefer to send this amount to my Binance exchange. That is because I usually prefer trading this amount and trying to make the most of it rather than spending it directly.
So, for that, I need to convert this amount into USDT or XRP as both of these assets have the least tax and are two of the most cost-effective to be transferred in Payeer. In this case, I usually prefer transferring the amount into USDT (Tether) which gives me a proper idea of the amount that has been deducted during the process.
After transferring it into USDT, now there is a need to transfer USDT into the Binance USDT spot wallet account. For that, there is a need to open the USDT in the Binance Spot or fiat wallet and click on the deposit as can be seen in the picture below.
Now there is a need to select the right network. In my case, I usually opt for TRC-20 (Tron network) that is because I know it is fast and one of the quickest networks available for payment transfer. Just make sure the network you chose in Binance must match with the network you choose in the Payeer account.
After selecting the network in Binance, you will find the USDT deposit address. Copy the address and paste it into your Payeer withdrawal of USDT page and make it done. That’s it, it will take only 30 seconds in the process to transfer the payment into your Binance account. From there on, you can purchase any asset or withdraw the amount via P2P, it is all up to you.
Hope you enjoyed our article on how to withdraw from Coinfarm to crypto account in Binance via Payeer. We would love to hear your thoughts in the comments below.
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