How to withdraw money from PayPal and other platforms

Lenin BoscaneyFollow

Apr 22, 20226 min de lectura

If you have wondered how to withdraw money from Paypal, you must first understand what it is and how this platform works and why there are more than 250 million users, who use it in more than 200 countries and with around 25 different currencies, such as He expresses it on his website.

Paypal is a method that allows you to send and receive money, as well as make payments from your website or your application for Android and iOS. You must register as a natural or legal person, and associate a credit card so that you can carry out your operations.

If you want to know how to withdraw money from Paypal, continue reading these lines and then we will explain what you should do.

Steps to withdraw money from Paypal

Withdrawing money from this application is very easy, so you must take these simple steps into account to avoid inconveniences and that your money can reach the chosen destination without problems.

It should be noted that there are differences if they are done by the computer or by the cell phone application. So if you do it from the website through the PC you have to:

1. Go directly to the “Withdraw money” link.

2. Choose between the “Standard” or “Snapshot” options.

3. Follow the instructions that appear after the previous steps.

Instead, if you use the phone app, you should follow these steps:

• Touch the panel.

• In the part where the balance appears, there is the “Transfer” option, click on it.

• Then you must enter the amount you want to withdraw.

• Lastly, you must press the option “Transfer XX $ now” or the currency you handle.

In this way you can withdraw funds from PayPal, but there are two methods to transfer money mentioned above that vary in terms of the times of availability of the funds in the bank account, which we explain below:

Standard transfer to your bank account

In this modality the money is made effective from one to three working or working days. There are cases where it can take up to five business days and it all depends on the bank's clearing process.

It should be noted that when using this modality no fee is debited, but it is important to be in contact with the bank, since some may charge a commission for making an electronic transfer.

Instant transfer to your debit card or bank account

This is the other way to transfer the funds and it should be noted that the money will be available in just 30 minutes in the bank account or card. To use this option you need to be up to date with these requirements:

• The bank account or debit card must be previously added to the PayPal account.

• The name of the bank account is necessary to match the name registered in the PayPal account.

• Local currencies are supported only.

• You must bear in mind that once you have started a transfer, you cannot cancel the operation.

So now you know how to withdraw money from PayPal, but there are also other platforms that you can learn about and how to transfer the funds from there to PayPal. Such is the case with Binance.

Steps to transfer funds from Binance to Paypal

Binance, unlike PayPal, which receives and sends electronic money or currencies online, is a cryptocurrency exchange platform. It was created in 2017, it handles various payment methods and many cryptocurrencies such as the famous Bitcoin.

In addition, it provides an electronic wallet or Wallet so that users can store their funds safely. In the same way, it has implemented the options to transfer funds to other platforms, including PayPal.

So we encourage you to read on and we will show you how to withdraw money from Binance to PayPal from your computer:

1. Open the app and transfer funds from SPOT wallet to P2P Wallet. Go to the “Wallets” tab, click on “P2P Wallet”.

2. Then choose the currency you need to transfer, for example USDT. Click on “Transfer”.

3. Put the order from “SPOT Wallet” to “P2P Wallet”. Check the amount you have available and enter the amount you want to transfer. Click the yellow “Confirm Transfer” button.

4. Once the operation is confirmed, you can go to the “Trading” tab, then click on the “P2P Account” option and press the red “sell” button.

5. Choose the currency you want to transfer, for example euros or dollars. Also choose the “all payments” option and choose Paypal.

6. Update the list of buyers and check the rates to sell it to the highest bidder. You can filter the list by entering the amount that you are going to sell, since there are some that have a minimum in terms of the amount that they want to buy.

7. The credibility percentage must be considered to avoid scams and then you choose the seller and click the red button "Sell USDT" (depending on whether it is the previously chosen currency).

8. A new window appears where you can place the amount you want to sell or the entire amount if that is the case. You verify the conditions of the purchase and you must be careful that your Paypal is legible for the buyer. Then, if everything is fine, you click the “Sell USDT” button.

9. Another window appears where a chat between you and the buyer opens. There you can verify that it is online and if it has your Paypal address. You hope that he completes the payment of the amount to your PayPal and can send you a capture of the operation if you need it.

10. Finally, when the buyer sends you the payment and you confirm that it was made, you release the cryptocurrencies by clicking the yellow “confirm release” button. And that's it, you already have your funds in Paypal and the buyer his cryptocurrencies.

By following these steps you already know how to withdraw money from Binance to Paypal and you can learn what other methods you can use to transfer your funds to other wallets or platforms. So go ahead and enter the world of cryptocurrencies and financial digital platforms.