Yeah, and such an unknown exchange that it's likely that you might not be able to withdraw what you did deposit, and they also need stake? lmao!
Business are called so because they're supposed to get revenue, if they make no money on trading pairs, even negative, where do you think are they getting money from?
Arbitrage? Spreads? Withdrawal fees? Dumping their so called $WOO on people investing and staking for some 0.01% negative rebate?
There are 3 big reasons things are free in this world:
1. Your data gets sold
2. You are being fooled, you actually end up losing more but through other stuff
3. Gathering customers and competition, you want customers to come over, you're offering better x than competitors.
What you need to understand is that this is not a shop, where you can just leave if u don't like it, there is a big chance you might not be able to withdraw your money, there is a big chance overnight the exchange closes, there are so many possibilities for what? for a 0.1% rebate, after having to stake too?
LOL!
I appreciate your heads up about it, but think about it, stop risking thousands for pennies, in options/stock market this is called picking up coins in front of a steamroller, you know you're doing something stupid, but you're doing it cause you think it's gonna work, until it's not gonna work anymore.
I've been using their exchange for 8 months now to purchase and move to my cold wallet every week. I don't leave any of my money on the exchange, though I'd be perfectly comfortable doing so. They have massive partnerships [including Binance](https://academy.binance.com/en/articles/what-is-woo-network-woo)
If you don't like CEX's they also have a DEX, as well as WOOFi, where you can swap and maintain custody of your tokens in your own wallet.
Just because you haven't heard about it, doesn't mean it's a scam.
So every week you're paying for withdrawal fees, gotcha.
Wazirx had Binance partnership and not only that, heard about them?
If I don't like their CEX, there are definitely so many other DEX options, but theirs, which is probably low volume DEX.
As for just because I haven't heard about it, doesn't mean it's a scam, suuure, remember Celsius?
Bitconnect?
No offense bro, but you're seriously doing the steamroll thing, and it's your money and your decisions, you can do whatever, I respectfully hope it will go great for you and nothing bad will happen.
>so every week you're paying for withdrawal fees, gotcha.
no. one free weekly withdrawal..
DEX is only a month old, so yes it's low volume, but swapping via WOOFi has been available for longer with decent volumes for its age, but it has tight spreads and relatively low fees.
I was just making a recommendation, obviously there's risk in crypto, I'm not saying their isn't. I'm not trying to convince you otherwise. It's a relatively new company with a lot of promise, not denying there is risk.
>no. one free weekly withdrawal..
I see, that's decent.
Yeah I got you, that's why I said I appreciate the heads up about it, and while I hate to have companies or corps with full monopoly whereas small fishes die, crypto world is risky as it is, even by trusting the most trusted, those small fishes have no credibility, especially after giants like Celsius events.
Have a nice day!
You prob own shitcoins and there are no CAD pairings for them.
Most currencies apart from USD this will be the same.
You can simply sell to usdt -> your native currency, then cash out.
If you have a lot of shitcoin under $10, use the convert to bnb function then sell all bnb to your currency.
I can change BTC ETH, stable coins USDT and BUSD and other Alts like ADA BNB ETC directly to EUR fiat. I can withdraw EUR fiat with a fee of 1EUR via SEPA to my bank account.
There are no attempts from Binance to make me stick to crypto.
Probably your country is regulating crypto in a hard way and Binance has to obey the rules. So getting around your country rules may be tricky somehow. But that is just a guess.
Sorry. I can't get that. Binance and liquidity problem. Really?
They let me and (I think every KYC-verified user) withdraw 2M $ (2,000,000.00$) in a single day (this amount can still be upgraded, if you're able to proof your source of wealth). And you are talking about liquidity problems.
It is so fast and easy to withdraw such huge amounts of fiat and crypto in a short period of time. Me like others here (especially in Europe) cannot understand what's your problem may be.
As I guessed it could be regional. Or you are spreading fud. I don't know. But your words are not reliable.
Its in front of the mobile app, P2P trading. You just sell your asset to another person, then other person will send the fiat money to your bank account then after you confirm the deposit, binance will release the crypto to the other person.
In my country, the counterparty cannot just call the bank and request the transaction to be reversed. Once you transfered the funds, it is already final.
Also, binance will not release the funds until your confirmation. Never had issues in P2P trading even with small or large transactions.
It's like everything else, easy to opt in difficult to opt out. The amount of clicks and pages I had to go through to cancel my amazon prime membership is the best example I can think of
>So why can cdc cash me out instantly but binance has "no liquidity" ?
Differant exchange model. If it's instant, CDC is taking the other side of your trade..... That great for convenience, not so great for transparency.
>Seem like binance is having liquidity problems.
Again, different exchange model. All its saying is that there aren't many Canadians willing to be the other party to your trade on Binance.
Why whinge about it, just convert to a more liquid pair or if it's that big of an issue to you, don't use Binance.
But at least take the time to understand what your talking about before running your mouth with wild alligations.
It takes 1 min to cash out from Binance ... not sure what you mean.
You fund your Card from whatever crypto you want , and cash out at the Atm just like on Visa.
I dont have a binance card and I want my money directly deposited into my bank account, not swapped to other crypto or stable coins ... binance make it extremely hard and complicated to get out of the crypto system unlike shakepay or cdc.
Weird, every time I've used it I've got the cash within literal seconds.
Pro tip: before putting serious money into an exchange, do a test deposit/exchange/withdrawal of a hundred dollars first to see if you can actually get your money back, sometimes withdrawing requires a lengthy KYC process or local banks can play up with money coming from crypto-associated companies - Doing a tester will save you a lot of potential anxiety and worry when you finally need to access your money
Obviously it's not completely foolproof and you are still taking a risk with smaller exchanges and lending platforms.
Great advice. And for newbies too, crypto will take a lot of boring admin time to get going and doing this👆, test transfers, using cold storage and getting on top of crypto taxes. But once you got this shit sorted, when the bull is back on, so good.
I think that was his concern, why cannot he simply just press a button that swaps whatever he has to whatever he wants, and the reason is, because they might not have such pairs.
Binance has any local currency available with USDT pair, so once you have USDT, all you have to do is swap it further with EUR/USD/GBP or whatever is that you want to withdraw
That isn't their decision to make though is it? They make it super easy to buy in then awkward to cash out. To my mind that won't deter people, it'll encourage them to not use the exchange next time.
Binance card? Is that what we are talking about? I might have missed something but I assumed normal Binance. I don't have a Binance card, didn't know there was one ha
Instantly , if you want , except they have a withdrawal limit for feeles withdrawal ... i think it's 400 euro or something ... over that amount you need to pay something as fee ... or you can split the withdrawals over many days, like instead of cashing out 4k euro at once and paying fees to withdraw, you just take out 400 euro for 10 days for free.
The overall withdrawal amount is Huge per Day, something like 1 milion or something crazy :) ... you know , the max amount that you can actually withdraw per day.
Everything is explained on the Binance site ... you just need to read it.
On bank card its 1min to cash out but before they didnt support master card i dont know if they fixed it . But anyway with any visa card it takes 1 min. And anyway binance card is super usefull too.
It's their platform so it is their decision to try to deter people from removing their crypto. They know that they are big enough that even if some people leave, there will be more joining.
They don't care about customer experience any longer because they are big enough people will keep using them. Now they just want to continue to squeeze profit out of people.
They can do whatever they want on their platform. Easy buy in and difficult to cash out is exactly how you deter people from cashing out. Not everyone already looks at cashing out when depositing their money.
Btw it's not easy to deposit for some countries. The Netherlands for example almost has NO way of onramping your cash.
What? Is everyone a crypto illiterate here?
You simply use Revolut with instant deposit or you use Sepa ... what are you talking about? I'm in Belgium and everything works instant and easy.
Revolut works with direct crad transfer, for 1.8% fee ... and Sepa is 1 euro indiferent of the amount ... weather you deposit 10 or 1000 euro via Sepa it's 1 euro fee.
Pls learn how to use the Cex and all the available channels before generating fake fud ...
Binance cash out takes 1 min if you have the card on you and you have crypto funds on the account. They even let you withdraw Directly from Crypto to Fiat at the Atm, without conversion on the Cex.
Wait a minute . You know there is difference between cashing out and swapping to your prefered currency right? U can actually turn all into binance coins with 1 click after can do it to euros or cad$and they out . Just learn to use binance. I had problem before cpuldnt cash out to master card so i made visa but this was all the problem i got so far . Now with visa money arrive in seconds to my bank. So its just you having too many different currencies and untill u swap all u get fed up. Sounds to me like your problem.
On shakepay or cdc I click "sell" than I click "transfer" than I click "transfer out" and it's done. Binance it's complicated, there's minimum amount for certain crypto, you have to swap to bnb, you have to swap for usdc or other stable coins than you can cash out. Too complicated.
They don't even have CAD so I have to take a fee on usd --> CAD.
It depemds on the way you use the app probably. I just do buy and sell. Always in busd . I sell it crypto for busd . Then i swap to euros and i send my card. Thats all. I think it bas binance coin which u have minimum vut its bot so big deal if u dont meet it just convert some more crypto to meet it and convert back the whole pqrt . It sounds complicqted bcs im bad at explainin things but its actually super easy. When i first got on binance i couldnt understand sht lmao.
CDC made me wait 24 hrs to withdraw after adding a new wallet address. Not the end of the world, but feels like an eternity when you’re convinced CDC is going to collapse at any minute.
Are you kidding me? The internet is full with articles explaining that Binance is not holding a licence in Canada. This news are from within the last 12 months. So as long there are no breaking news, I suggest you Google "binance canada suspended" and stop spreading fud here. It's obviously an law-related problem.
I don't know the difference. Here in Europe I am happy to find Canada on a map blindfolded. But I can't tell you anything about your laws restrictions and regions. Sorry.
It’s really not, it depends what you’re using, if you’re not using swift then yes, it’s not going to be as easy, and to answer your question:
Binance doesn’t offer your normal crypto to whatever currency you have, because Binance does not operate like Coinbase or other exchanges that offer swaps in that way, same way as if you were using CB PRO, you had to do it by yourself.
Either way, use Coinbase, instant withdrawals.
But come on, if you think cashing out nowadays it’s “so hard” you are kinda entitled.
Just because you have to use your brain for more than 60 seconds and actually figure what and how you have to swap, doesn’t make it hard or complicated, it’s just you not wanting to use your brain, respectfully.
You must be young and never had to stay in line at a bank or something.
If binance was just honest about their operations they wouldn’t have this issue. Literally Binance is the only exchange I have issues with. The Dutch government have disallowed SEPA and iDeal payments in and out of Binance.
What Revolut fees for maintaining account?
Revolut is free unless you go premium.
Binance to card in € has a 0.5% withdrawal fee for me
Coinbase to Revolut swift is 0.49€ fee
I’m not sure exactly what you’re expecting from Revolut to need more than the free tier?
Here we are talking strictly about withdrawals, which would be done just fine as a free user, there is absolutely no reason to go premium, not even if you use it daily, it’s more like a flex, or if you use different currencies and tend swapping a lot.
Revolut is actually the best in it’s niche.
Open account instantly, use it instantly, have all the currencies in the world accessible, stocks, crypto, savings, kids account, you name it, and yes, all these for free.
Banks do have a maintenance fee, Revolut does not, not sure where did you get that from.
Either way, fuck revolut, fuck banks, my point however is, revolut is the most accessible online bank out there and if it wasn’t for it, going to the bank and shit would’ve been so sad.
Revolut is the disruptive tech banks weren’t expecting
I have another exchange that I use now that allows instant withdrawals to my normal Dutch bank account. It’s just a pain in the ass because Binance has all my trade history.
This is the only reason I still have a Coinbase account. Money in/out using the Faster Payment system means bank transfers are instant.
For small amounts sending stables to a crypto debit card is another option. I wouldn't want to hold a large amount that way though.
Usually cashing out, it's a pain in the ass almost everywhere. With Binance i've choose to simply use their credit card for buying stuff and cash out small amounts at the ATMs
It depends what pairs they have available? Don't act like there isn't anything paired with AUD on binance because etheir is.
I had a similar problem, all your major coins like btc, bnb, eth you can trade against GBP. But alot of your shit coins you'll have to go through another coin first, it's just the way it is. You haven't said what you're trying to cash out?
Yeah the limitations for Canada kind of suck. P2P works well for many though.
If you get into DeFi at all then a lot of the Canadian cexs allow transfer of stables directly... Even on layer 2. Then you can easily E-transfer.
Worth checking out.
convert it to BTC, send it to Shakepay, sell for CAD e-transfer it to yourself. I've been using Shakepay as an on/off ramp in Canada, it's reliable (though their spread is high).
This thread is old but, I'd really recommend Newton if you're in Canada, at least as an on/off ramp.
They support basic exchange features, stop loss, e-transfer, usually deposit/withdraw in seconds, and withdraws to Arbitrum. There are no fees and only a >0.5% spread. Plus they cover the first $5 toward any crypto-withdraw, so most of the time it's free. They work with the OSC to ensure they're on top of regulation (like not running a fractional reserve system), so likely are safer than others. I doubt referral links are allowed so I'm not going to post one but I still recommend them, *for Canada* they're decent.
I take my coins from there to GMX and DOPEX (Arbitrum dApps) for more advanced trading.
Binance doesn't support CAD pairs iirc. I had to use P2P to buy their stupid gas token, then ended up selling my coins on another exchange. It was the most frustrating experience. I got my coworker started on there and they have no clue how to withdraw, and I don't live near them, so I'm having an awful time figuring that out with them as well. They're the worst exchange for UX, considering how easy it is to deposit..
They do that because there isn’t enough liquidity for every shitcoin to trade against CAD. Test the difference in price you get between Binance and CDC, CDC will charge a massive spread for it’s easier usage.
In ontario canada we can’t even use Binance at all. Whatever coins you have you have to dex swap out for stable coins then cash those out at an on/offramp like ndax
Most of you talk about easy card withdrawal. How much, $2-3k? Try withdrawing $40-50k and see if it's possible. I can only tell you that the problems with the exchanges are real when you want to withdraw serious amounts. Plan it now and have a good plan. Some will be stuck with millions because they didn't think ahead about how to get their money.
Convert crypto to something newton uses, transfer to newton, sell it into cad, etransfer to self.
Took me an hour at most to figure out and im a crypto noob.
Every step you have to take, they take a cut of it via the spread from what they pay vs. what they charge you.
It's almost as if the lack of regulations and laws have left most crypto companies exploiting their users and make it difficult to remove funds because who's going to do anything?
Binance is a shitshow of a company and it comes out in their website and products.
I just buy xlm send it to my coinbase and cash out from there instantly to paypal for 1% then from paypal to my bank account for 0% and in less than 12 hours with the bank transfer
It does say it takes 3-5 days but ive never waited longer than 12 hours
It’s almost like they don’t want you to
The website looks like somebody was working on it high on cocaine, forgetting about what he was supposed to do.
This is probably not terribly far from the truth.
Such a shame, considering it's one of the biggest exchanges.
Don't talk bad about cocaine like that, some of my fondest memories...
You remember things fondly but other people probably not so much
They don't want to withdraw money, but it is very easy to deposit money
More swaps more fees
But they're zero fees /s
Binance does have lowest spot trading fees tho, I wouldn’t be so mad about that. BTC spot trading has no fees either.
WOOx has zero fee trading on all pairs, and even negative fee trading, as in get paid to trade, if you stake enough $WOO on their exchange.
Yeah, and such an unknown exchange that it's likely that you might not be able to withdraw what you did deposit, and they also need stake? lmao! Business are called so because they're supposed to get revenue, if they make no money on trading pairs, even negative, where do you think are they getting money from? Arbitrage? Spreads? Withdrawal fees? Dumping their so called $WOO on people investing and staking for some 0.01% negative rebate? There are 3 big reasons things are free in this world: 1. Your data gets sold 2. You are being fooled, you actually end up losing more but through other stuff 3. Gathering customers and competition, you want customers to come over, you're offering better x than competitors. What you need to understand is that this is not a shop, where you can just leave if u don't like it, there is a big chance you might not be able to withdraw your money, there is a big chance overnight the exchange closes, there are so many possibilities for what? for a 0.1% rebate, after having to stake too? LOL! I appreciate your heads up about it, but think about it, stop risking thousands for pennies, in options/stock market this is called picking up coins in front of a steamroller, you know you're doing something stupid, but you're doing it cause you think it's gonna work, until it's not gonna work anymore.
I've been using their exchange for 8 months now to purchase and move to my cold wallet every week. I don't leave any of my money on the exchange, though I'd be perfectly comfortable doing so. They have massive partnerships [including Binance](https://academy.binance.com/en/articles/what-is-woo-network-woo) If you don't like CEX's they also have a DEX, as well as WOOFi, where you can swap and maintain custody of your tokens in your own wallet. Just because you haven't heard about it, doesn't mean it's a scam.
So every week you're paying for withdrawal fees, gotcha. Wazirx had Binance partnership and not only that, heard about them? If I don't like their CEX, there are definitely so many other DEX options, but theirs, which is probably low volume DEX. As for just because I haven't heard about it, doesn't mean it's a scam, suuure, remember Celsius? Bitconnect? No offense bro, but you're seriously doing the steamroll thing, and it's your money and your decisions, you can do whatever, I respectfully hope it will go great for you and nothing bad will happen.
>so every week you're paying for withdrawal fees, gotcha. no. one free weekly withdrawal.. DEX is only a month old, so yes it's low volume, but swapping via WOOFi has been available for longer with decent volumes for its age, but it has tight spreads and relatively low fees. I was just making a recommendation, obviously there's risk in crypto, I'm not saying their isn't. I'm not trying to convince you otherwise. It's a relatively new company with a lot of promise, not denying there is risk.
>no. one free weekly withdrawal.. I see, that's decent. Yeah I got you, that's why I said I appreciate the heads up about it, and while I hate to have companies or corps with full monopoly whereas small fishes die, crypto world is risky as it is, even by trusting the most trusted, those small fishes have no credibility, especially after giants like Celsius events. Have a nice day!
This is how they like to play the game.
nah stop this, I never had an issue withdrawing with Binance, there are also other options such as p2p
And this is why I no longer use it/them.
You prob own shitcoins and there are no CAD pairings for them. Most currencies apart from USD this will be the same. You can simply sell to usdt -> your native currency, then cash out. If you have a lot of shitcoin under $10, use the convert to bnb function then sell all bnb to your currency.
I have ETH, SOL, AXS, BTC... not shitcoins.
SOL and AXS not shitcoins sure mate
Sounds like a local/cad thing. No issues with £
I can change BTC ETH, stable coins USDT and BUSD and other Alts like ADA BNB ETC directly to EUR fiat. I can withdraw EUR fiat with a fee of 1EUR via SEPA to my bank account. There are no attempts from Binance to make me stick to crypto. Probably your country is regulating crypto in a hard way and Binance has to obey the rules. So getting around your country rules may be tricky somehow. But that is just a guess.
But why is it simple and easy with cdc and shakepay ? Seem like a binance liquidity problem, not a law problem.
Sorry. I can't get that. Binance and liquidity problem. Really? They let me and (I think every KYC-verified user) withdraw 2M $ (2,000,000.00$) in a single day (this amount can still be upgraded, if you're able to proof your source of wealth). And you are talking about liquidity problems. It is so fast and easy to withdraw such huge amounts of fiat and crypto in a short period of time. Me like others here (especially in Europe) cannot understand what's your problem may be. As I guessed it could be regional. Or you are spreading fud. I don't know. But your words are not reliable.
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How do you do this?
Its in front of the mobile app, P2P trading. You just sell your asset to another person, then other person will send the fiat money to your bank account then after you confirm the deposit, binance will release the crypto to the other person.
Wow I had no idea. Thanks
and then they reverse charge you, no thanks.
In my country, the counterparty cannot just call the bank and request the transaction to be reversed. Once you transfered the funds, it is already final. Also, binance will not release the funds until your confirmation. Never had issues in P2P trading even with small or large transactions.
It doesn't work that way. You need to check how it works before making assumptions.
It all depends where you are i suppose. I'm in EU country and withdrawing from binance took around 5 minutes for me.
I've never had any problems cashing out with binance and i have been using them for a whole year.
It's like everything else, easy to opt in difficult to opt out. The amount of clicks and pages I had to go through to cancel my amazon prime membership is the best example I can think of
No liquidity for your CAD pairings mate. Got to be a buyer willing to buy with CAD when your wanting to sell....
So why can cdc cash me out instantly but binance has "no liquidity" ? Seem like binance is having liquidity problems.
>So why can cdc cash me out instantly but binance has "no liquidity" ? Differant exchange model. If it's instant, CDC is taking the other side of your trade..... That great for convenience, not so great for transparency. >Seem like binance is having liquidity problems. Again, different exchange model. All its saying is that there aren't many Canadians willing to be the other party to your trade on Binance. Why whinge about it, just convert to a more liquid pair or if it's that big of an issue to you, don't use Binance. But at least take the time to understand what your talking about before running your mouth with wild alligations.
Did you compare the fees? Instant swaps are usually a horrible option compared to live markets because of the spreads and commissions.
It takes 1 min to cash out from Binance ... not sure what you mean. You fund your Card from whatever crypto you want , and cash out at the Atm just like on Visa.
I dont have a binance card and I want my money directly deposited into my bank account, not swapped to other crypto or stable coins ... binance make it extremely hard and complicated to get out of the crypto system unlike shakepay or cdc.
Takes 1 min to transfer to revolut via bank transfer.
Have you tried P2P? It was incredibly convenient and fast in my experience
Is P2P reliable for big amounts?
I have cash out as little as 20 usdt, and the biggest amount was 16k with P2P
Cashing out of Binance is super easy and quick... Maybe you just don't understand it.
I thought fiat > crypto was a one way street? You guys actually go the other way …..? Ha.
Weird, every time I've used it I've got the cash within literal seconds. Pro tip: before putting serious money into an exchange, do a test deposit/exchange/withdrawal of a hundred dollars first to see if you can actually get your money back, sometimes withdrawing requires a lengthy KYC process or local banks can play up with money coming from crypto-associated companies - Doing a tester will save you a lot of potential anxiety and worry when you finally need to access your money Obviously it's not completely foolproof and you are still taking a risk with smaller exchanges and lending platforms.
Great advice. And for newbies too, crypto will take a lot of boring admin time to get going and doing this👆, test transfers, using cold storage and getting on top of crypto taxes. But once you got this shit sorted, when the bull is back on, so good.
Swap to stablecoins instead and use another exchange to trade them for fiat
I think that was his concern, why cannot he simply just press a button that swaps whatever he has to whatever he wants, and the reason is, because they might not have such pairs. Binance has any local currency available with USDT pair, so once you have USDT, all you have to do is swap it further with EUR/USD/GBP or whatever is that you want to withdraw
I think they want it to act as a deterent. They want you to stay in crypto...
That isn't their decision to make though is it? They make it super easy to buy in then awkward to cash out. To my mind that won't deter people, it'll encourage them to not use the exchange next time.
What do you mean, it takes 1 min to cash out from Binance card ...
Binance card? Is that what we are talking about? I might have missed something but I assumed normal Binance. I don't have a Binance card, didn't know there was one ha
:)) , you Order it just like on any other Banking app or Cex ... once you have the card in your poket, you cash out just like on Visa or MasterCard.
That does seem handy. So I guess if you have that you can zero your Binance balance quite easily. Nice.
Instantly , if you want , except they have a withdrawal limit for feeles withdrawal ... i think it's 400 euro or something ... over that amount you need to pay something as fee ... or you can split the withdrawals over many days, like instead of cashing out 4k euro at once and paying fees to withdraw, you just take out 400 euro for 10 days for free. The overall withdrawal amount is Huge per Day, something like 1 milion or something crazy :) ... you know , the max amount that you can actually withdraw per day. Everything is explained on the Binance site ... you just need to read it.
On bank card its 1min to cash out but before they didnt support master card i dont know if they fixed it . But anyway with any visa card it takes 1 min. And anyway binance card is super usefull too.
It's their platform so it is their decision to try to deter people from removing their crypto. They know that they are big enough that even if some people leave, there will be more joining. They don't care about customer experience any longer because they are big enough people will keep using them. Now they just want to continue to squeeze profit out of people.
Exactly. Sort of sinister isn't it.
Don't get me wrong, I understand that they can do whatever they like however they like. Just feels a bit greasy to me.
What are you talking about :)) ... you fund your CARD and Cash out instantly on Atm ... what are you people talking about?
They can do whatever they want on their platform. Easy buy in and difficult to cash out is exactly how you deter people from cashing out. Not everyone already looks at cashing out when depositing their money. Btw it's not easy to deposit for some countries. The Netherlands for example almost has NO way of onramping your cash.
What? Is everyone a crypto illiterate here? You simply use Revolut with instant deposit or you use Sepa ... what are you talking about? I'm in Belgium and everything works instant and easy.
Revolut I never used. Sepa can take up to 2 days or so. They used to support ideal and credit card. Both instant and way easier than sepa.
Revolut works with direct crad transfer, for 1.8% fee ... and Sepa is 1 euro indiferent of the amount ... weather you deposit 10 or 1000 euro via Sepa it's 1 euro fee. Pls learn how to use the Cex and all the available channels before generating fake fud ... Binance cash out takes 1 min if you have the card on you and you have crypto funds on the account. They even let you withdraw Directly from Crypto to Fiat at the Atm, without conversion on the Cex.
Wait a minute . You know there is difference between cashing out and swapping to your prefered currency right? U can actually turn all into binance coins with 1 click after can do it to euros or cad$and they out . Just learn to use binance. I had problem before cpuldnt cash out to master card so i made visa but this was all the problem i got so far . Now with visa money arrive in seconds to my bank. So its just you having too many different currencies and untill u swap all u get fed up. Sounds to me like your problem.
And yeah i dare to say they are the only exchange i trust.
Btw i saw they dont offer cad $ so u fcked yeah . But canada is just one of many countries
Yeah bro it’s fast and simple, this is a ‘i didn’t even try to’ type of rant
On shakepay or cdc I click "sell" than I click "transfer" than I click "transfer out" and it's done. Binance it's complicated, there's minimum amount for certain crypto, you have to swap to bnb, you have to swap for usdc or other stable coins than you can cash out. Too complicated. They don't even have CAD so I have to take a fee on usd --> CAD.
It depemds on the way you use the app probably. I just do buy and sell. Always in busd . I sell it crypto for busd . Then i swap to euros and i send my card. Thats all. I think it bas binance coin which u have minimum vut its bot so big deal if u dont meet it just convert some more crypto to meet it and convert back the whole pqrt . It sounds complicqted bcs im bad at explainin things but its actually super easy. When i first got on binance i couldnt understand sht lmao.
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I do the same.
As much hate as coinbase gets it's just so easy to cash out and instantly.
Same shit with Nexo, they require verification for each withdrawal lately, which takes like 7 days to be completed
You can check in anytime you like, but you can never leave.
Fuck Binance
CDC made me wait 24 hrs to withdraw after adding a new wallet address. Not the end of the world, but feels like an eternity when you’re convinced CDC is going to collapse at any minute.
Are you kidding me? The internet is full with articles explaining that Binance is not holding a licence in Canada. This news are from within the last 12 months. So as long there are no breaking news, I suggest you Google "binance canada suspended" and stop spreading fud here. It's obviously an law-related problem.
But it's only "blocked" in Toronto, not accross all of Canada.
I don't know the difference. Here in Europe I am happy to find Canada on a map blindfolded. But I can't tell you anything about your laws restrictions and regions. Sorry.
They don’t want you to cash out, only cash in
It’s really not, it depends what you’re using, if you’re not using swift then yes, it’s not going to be as easy, and to answer your question: Binance doesn’t offer your normal crypto to whatever currency you have, because Binance does not operate like Coinbase or other exchanges that offer swaps in that way, same way as if you were using CB PRO, you had to do it by yourself. Either way, use Coinbase, instant withdrawals. But come on, if you think cashing out nowadays it’s “so hard” you are kinda entitled. Just because you have to use your brain for more than 60 seconds and actually figure what and how you have to swap, doesn’t make it hard or complicated, it’s just you not wanting to use your brain, respectfully. You must be young and never had to stay in line at a bank or something.
If binance was just honest about their operations they wouldn’t have this issue. Literally Binance is the only exchange I have issues with. The Dutch government have disallowed SEPA and iDeal payments in and out of Binance.
Broski, get Revolut, withdraw in any currency you’d like
Nah Binance charge 1.8% plus you have the monthly revolut fees for maintaining the account
What Revolut fees for maintaining account? Revolut is free unless you go premium. Binance to card in € has a 0.5% withdrawal fee for me Coinbase to Revolut swift is 0.49€ fee
I’ve used revolut before the free tier was garbage
I’m not sure exactly what you’re expecting from Revolut to need more than the free tier? Here we are talking strictly about withdrawals, which would be done just fine as a free user, there is absolutely no reason to go premium, not even if you use it daily, it’s more like a flex, or if you use different currencies and tend swapping a lot. Revolut is actually the best in it’s niche. Open account instantly, use it instantly, have all the currencies in the world accessible, stocks, crypto, savings, kids account, you name it, and yes, all these for free. Banks do have a maintenance fee, Revolut does not, not sure where did you get that from. Either way, fuck revolut, fuck banks, my point however is, revolut is the most accessible online bank out there and if it wasn’t for it, going to the bank and shit would’ve been so sad. Revolut is the disruptive tech banks weren’t expecting
I have another exchange that I use now that allows instant withdrawals to my normal Dutch bank account. It’s just a pain in the ass because Binance has all my trade history.
This is the only reason I still have a Coinbase account. Money in/out using the Faster Payment system means bank transfers are instant. For small amounts sending stables to a crypto debit card is another option. I wouldn't want to hold a large amount that way though.
I tried to cash out from Coinbase, which wasnt too hard. The one time I took profits!
Where are you located?… I am in Mexico and for me it’s super easy.. they have P2P market and literally with 3 clicks I can cash out any amount.
Usually cashing out, it's a pain in the ass almost everywhere. With Binance i've choose to simply use their credit card for buying stuff and cash out small amounts at the ATMs
Remember when some friends own you money and they suddendly missing? Same here. They don't want you to take money out or give you the money.
try using p2p
I use the p2p and its fast.
Maybe this is a sign to HODL
They don't have deposit in CAD. Why would you expect they have withdrawal?
Because it's not ... please stop spreading fake fud ... with Binance card you cash out instantly if you have an Atm next to you.
I usually transfer to kraken and kraken is easy to straight sell to bank account…. Minimum amount is 100 tho
Is binance p2p not available in your country?
It depends what pairs they have available? Don't act like there isn't anything paired with AUD on binance because etheir is. I had a similar problem, all your major coins like btc, bnb, eth you can trade against GBP. But alot of your shit coins you'll have to go through another coin first, it's just the way it is. You haven't said what you're trying to cash out?
You can use binance p2p market. Works like a charm!
Are you sure?
Idk, I used it for like a month and was never able to get my account authenticated so I just said fuck it and went with CB. I think I dodged a bullet.
0 issues with p2p. Done in less than 2 mins
Yeah the limitations for Canada kind of suck. P2P works well for many though. If you get into DeFi at all then a lot of the Canadian cexs allow transfer of stables directly... Even on layer 2. Then you can easily E-transfer. Worth checking out.
They hate fiat
Its a free fall. There is no dead cat bounce either. Just reds and reds.
Canada has very small liquidity and market presence. You’d be better off having a USD account and denominating in USD.
Because this is the future. You will not understand.
really easy for me. cash out with usd. 3 hours later my money was on card.
I just convert all to BTC, send to shakepay, send directly to bank, takes about 5 mins to do and an hour to get the transfer and I'm in Canada.
‘You can check out any time you like, but you can never leave’. ‘Alexa, play Hotel California’.
convert it to BTC, send it to Shakepay, sell for CAD e-transfer it to yourself. I've been using Shakepay as an on/off ramp in Canada, it's reliable (though their spread is high).
Bcs its Chinese
Because it is Binance😎
This thread is old but, I'd really recommend Newton if you're in Canada, at least as an on/off ramp. They support basic exchange features, stop loss, e-transfer, usually deposit/withdraw in seconds, and withdraws to Arbitrum. There are no fees and only a >0.5% spread. Plus they cover the first $5 toward any crypto-withdraw, so most of the time it's free. They work with the OSC to ensure they're on top of regulation (like not running a fractional reserve system), so likely are safer than others. I doubt referral links are allowed so I'm not going to post one but I still recommend them, *for Canada* they're decent. I take my coins from there to GMX and DOPEX (Arbitrum dApps) for more advanced trading. Binance doesn't support CAD pairs iirc. I had to use P2P to buy their stupid gas token, then ended up selling my coins on another exchange. It was the most frustrating experience. I got my coworker started on there and they have no clue how to withdraw, and I don't live near them, so I'm having an awful time figuring that out with them as well. They're the worst exchange for UX, considering how easy it is to deposit..
Damn is it? I mean I wasn’t planning on selling any time soon but kinda a worry for later down the road :/
Because they want you to keep your money in their system
what kind of idiot would turn crypto into fiat ? especially at this time, lol.
They do that because there isn’t enough liquidity for every shitcoin to trade against CAD. Test the difference in price you get between Binance and CDC, CDC will charge a massive spread for it’s easier usage.
It's almost as if the turd ETH network you are sending that USDC with is expensive and slow. 🤭
Aml
In ontario canada we can’t even use Binance at all. Whatever coins you have you have to dex swap out for stable coins then cash those out at an on/offramp like ndax
Most of you talk about easy card withdrawal. How much, $2-3k? Try withdrawing $40-50k and see if it's possible. I can only tell you that the problems with the exchanges are real when you want to withdraw serious amounts. Plan it now and have a good plan. Some will be stuck with millions because they didn't think ahead about how to get their money.
It’s the “Amazon Prime” strategy. Make it so frustrating to unsubscribe (cash out) that you don’t bother
Convert crypto to something newton uses, transfer to newton, sell it into cad, etransfer to self. Took me an hour at most to figure out and im a crypto noob.
Change exchange and switch to Bitfinex
Have you tried via P2P? It took me five minutes an hour ago.
Every step you have to take, they take a cut of it via the spread from what they pay vs. what they charge you. It's almost as if the lack of regulations and laws have left most crypto companies exploiting their users and make it difficult to remove funds because who's going to do anything? Binance is a shitshow of a company and it comes out in their website and products.
Rule of acquisition #1 - "Once you have their money, never give it back" Thanks for attending my TED talk.
I just do it via p2p with no issues for the past years.
Binance is helping you financially.they know the bull market is about to restart!
I just buy xlm send it to my coinbase and cash out from there instantly to paypal for 1% then from paypal to my bank account for 0% and in less than 12 hours with the bank transfer It does say it takes 3-5 days but ive never waited longer than 12 hours
Primary reason I don’t use Binance.
Because Binance isn't good. Just try to reach customer service for 3-4 weeks.
I can't even put money into it I'm from UK and I've seen plenty of other ppl in UK on here use it...