Selling Bitcoin (BTC) in Myanmar and Thailand can be straightforward if you follow the correct process. This guide will show you how to use Binance to sell your Bitcoin in these two countries.

Step 1: Create a Binance Account

If you don’t have a Binance account yet, follow these steps to create one:

  1. Go to the Binance website. Sign up for Binance (click this link mention here to get 20% lifetime discount)

  2. Register: Click on “Register” at the top right corner of the page.

  3. Enter your email or phone number and create a strong password.

  4. Verify your account: Complete the KYC (Know Your Customer) verification process by uploading your ID and taking a selfie.


Binance Sign Up Page



Step 2: Deposit Bitcoin to Binance

If your Bitcoin is stored in a different wallet or exchange, you’ll need to transfer it to your Binance wallet.

  1. Log in to your Binance account.

  2. Go to Wallet: Navigate to the wallet icon in the top right and select “Fiat and Spot.”

  3. Click on Deposit: Select the cryptocurrency you want to deposit (Bitcoin in this case).

  4. Copy your Bitcoin deposit address: Paste this address into the withdrawal section of your external wallet and transfer your BTC.

Deposit Fiat

Step 3: Navigate to P2P Trading

P2P (Peer-to-Peer) trading is the easiest way to sell Bitcoin in Myanmar and Thailand.

  1. Go to the Binance P2P Platform: Once logged in, hover over “Trade” in the top navigation menu and select “P2P.”

  2. Select Sell: On the P2P trading page, click the “Sell” tab.

P2P

Step 4: Choose the Right Payment Method

Now, you need to choose your preferred payment method. In Thailand and Myanmar, common options include bank transfer and mobile wallets like KBZPay and TrueMoney.

  1. Select your payment method: Filter through offers and choose the one that matches your preferred payment method.

  2. Enter the amount of Bitcoin you want to sell and ensure the price and payment details align with your expectations.

P2P - All Payment

Step 5: Confirm the Sale

Once you’ve selected the payment method:

  1. Confirm the transaction: Enter the amount of Bitcoin you want to sell and confirm the details.

  2. Wait for the buyer to transfer the money: The buyer will transfer the agreed amount to your bank account or mobile wallet.

  3. Release the Bitcoin: Once you’ve confirmed receipt of payment, click “Release” to send the Bitcoin to the buyer.

Transfer notify seller

Step 6: Withdraw Your Funds

After successfully selling your Bitcoin, you can withdraw your funds to your bank account or mobile wallet.

  1. Go to your wallet: Select "Withdraw" under "Fiat and Spot."

  2. Enter withdrawal details: Choose your local currency and input your bank details or mobile wallet information.

  3. Confirm the transaction: Withdraw your money to your account.

Withdraw Funds

Final Tips

  • Double-check payment details: Always ensure the payment has been received before releasing Bitcoin.

  • Stay updated on fees: Be aware of any fees Binance may charge for selling BTC via P2P.

  • Use trusted payment methods: Stick to trusted payment options to avoid scams.

For more details, you can visit Binance’s official guide on P2P trading here: Binance P2P Trading.

By following these steps, you can sell Bitcoin easily in Myanmar and Thailand through Binance.


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