Newbie tip - All tiny crypto incomes can be withdrawn in ATM through Binance
Hey, how is it going today for you guys?
Today is a first day of our Vietnamese Lunar New Year 2022 ("Tết"). Hope everything is better and better for everyone this year!
I am a cryto learner with some very first steps into crypto world. Before this morning, I was struggling how to withdraw all small coins I received from many sources to my local bank. Many small amounts of coins will be a bigger amount in cash but the problem is some of wallets require minimum amount of one type of coin to be converted to EUR or USD.
For example, you only have 37 DOGE but generally Coinbase requires a 60 DOGE to be converted to EUR or USB or to be sold in local currency. So you have to wait until you have enough 60 DOGE and it is not a short time for us. Every body needs money to survive the financial wreck during this covid time.
Hence, I check my Binance wallet and actually they have a function of convert all tiny small amount of any crypto coins to BNB, then convert all from BNB to EUR. I can withdraw cash from BNB card by ATM with only small fee 0.9%. I highly recommend not to withdraw all EUR from BNB to your local bank card because the fee is 1.8% and the min amount of EUR or USD for withdrawing to local bank is 15 EUR or 20 USD.
So if you do not have Binance wallet and Binance card yet, you can go to their website here. No fee for creating new wallet as new physical ATM card.
Hope you can find my short post helpful to you!