Selling Bitcoin for AED is now easy on Binance, either via the app or the website. Here's a quick step-by-step guide.

Step 1: Access the Selling Feature

  1. Log in to your Binance account: Open the Binance app or website and log in. Make sure your account is verified to access all features.

  2. Go to [Trading]: Click [Trading] and choose [Sell Cryptocurrencies].

Step 2: Choose BTC and select AED as the receiving currency.

  1. Select Bitcoin (BTC) as the currency you want to sell.

  2. Select UAE Dirham (AED) as the currency you want to receive in exchange. This ensures that Bitcoin is converted directly into Dirham.

Step 3: Select the amount and payment method.

  1. Enter Amount: Select the amount of Bitcoin you want to sell.

  2. Choose your payment method: For AED, you can choose local bank transfer or P2P (person to person) trading if you prefer direct transfer to another user.

Step 4: Confirm the transaction

  1. Review payment details and fees: Check the exchange rate, fees, and final amount in AED.

  2. Click [Confirm] to complete the sale. Please note that the price may change slightly before the transaction is completed due to market fluctuations.

Step 5: Complete the transaction

  1. Wait for order to be processed: Your sale will be processed in a few moments.

  2. Withdraw Dirham: After the sale is completed, you can withdraw the balance in Dirhams to your linked bank account in the UAE. It may take 1-2 business days depending on the bank.

Important tips:

  1. Use P2P for direct transactions: P2P trading on Binance may provide more competitive rates and opportunities to trade directly with local buyers in the UAE.

  2. Monitor exchange rates: The value of Bitcoin changes frequently, so it pays to monitor prices before selling large amounts.

  3. Keep up to date with local regulations: The UAE is considered crypto-friendly, but it is useful to stay informed about local regulations to ensure transactions go smoothly.

By following these steps, you can convert Bitcoin to AED efficiently and easily, making it an ideal way to manage your cryptocurrency earnings on the Binance platform.

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