How to Withdraw Money from Binance to M-Pesa
Withdrawing money from Binance to M-Pesa is one of the most convenient ways for Kenyan traders to access their crypto funds. Binance offers Peer-to-Peer (P2P) trading, which allows you to sell your crypto directly to buyers who pay through M-Pesa.
Step 1: Log in to Binance
Open the Binance App or website and log in to your account.
Make sure your identity verification (KYC) is complete.
Step 2: Go to P2P Trading
On the app, tap Trade → P2P.
Choose the Sell option.
Step 3: Select the Cryptocurrency to Sell
Choose the crypto you want to sell (e.g., USDT, BTC, BNB, ETH).
Enter the amount you want to sell.
Step 4: Filter Payment Method to M-Pesa
Use the filter option to select M-Pesa as the payment method.
A list of buyers who pay via M-Pesa will appear.
Step 5: Select a Buyer and Sell
Review the buyer’s reputation and trade history.
Enter the amount, confirm, and wait for the buyer to make payment.
Step 6: Confirm Payment and Release Crypto
Once you receive payment in your M-Pesa account, click Confirm Receipt.
Binance will then release the crypto to the buyer.
Tips for Safe Transactions
Always trade with verified buyers.
Confirm M-Pesa payment before releasing crypto.
Avoid taking transactions outside the Binance platform.
FAQs
1. Can I withdraw directly from Binance to M-Pesa without P2P?
No, Binance supports M-Pesa withdrawals only through P2P trading.
2. How long does it take to receive money?
Usually a few minutes, depending on the buyer’s payment speed.
3. Are there fees for withdrawing to M-Pesa?
Binance does not charge P2P fees, but buyers may offer different rates.
4. What happens if the buyer doesn’t pay?
You can open a dispute, and Binance support will help resolve it.
5. Is it safe to use Binance P2P?
Yes, Binance holds the crypto in escrow until payment is confirmed.
Conclusion
Withdrawing money from Binance to M-Pesa is quick and reliable through P2P trading. By following the steps above and staying cautious, you can access your crypto earnings safely.
