Converting coins in Binance to Etoro or Paypal

bo_rai_cho

I have a small amount of BNB and XRP in Binance but want to send this to either my Etoro wallet or Paypal.

Is this possible? I cannot find a way online to do it.

Thrugelmir

Isn't Binance is banned from operating in the UK ? 

maxsteam

If it's got value, you should be able to transfer funds to a mainstream account and from there, to wherever you want. If there's something stopping you transferring funds to a mainstream account, it may not have value.

bo_rai_cho

Thrugelmir said:

Isn't Binance is banned from operating in the UK ? 

They are banned from operating in the UK, but not from running a website from somewhere else. They also know there is very little the FCA can do to supervise or regulate sites like Binance. How do they actually stop them? Its a digital currency exchange, moving things around that are intangible using a ledger. Today it will be Binance, tomorrow its the next biggest crypto exchange, the Banks have not smelt the coffee yet that the internet is not going away.

maxsteam said:

If it's got value, you should be able to transfer funds to a mainstream account and from there, to wherever you want. If there's something stopping you transferring funds to a mainstream account, it may not have value.

So lets say I have BNB is there a way to change it to XRP on the exchange or would it have to go some other route? I am assuming lesser known coins are not widely accepted. Whilst XRP goes around a lot.

Thrugelmir

bo_rai_cho said:

Thrugelmir said:

Isn't Binance is banned from operating in the UK ? 

They are banned from operating in the UK, but not from running a website from somewhere else. They also know there is very little the FCA can do to supervise or regulate sites like Binance. How do they actually stop them? Its a digital currency exchange, moving things around that are intangible using a ledger. Today it will be Binance, tomorrow its the next biggest crypto exchange, the Banks have not smelt the coffee yet that the internet is not going away.

maxsteam said:

If it's got value, you should be able to transfer funds to a mainstream account and from there, to wherever you want. If there's something stopping you transferring funds to a mainstream account, it may not have value.

So lets say I have BNB is there a way to change it to XRP on the exchange or would it have to go some other route? I am assuming lesser known coins are not widely accepted. Whilst XRP goes around a lot.

Of course they can run a website from outerspace if they wished. Doesn't help them transact business in the UK though. Unfortunately people will always get drawn into schemes which they believe will make them money. That's human nature. Always be people ready to exploit this weakness and become extremely wealthy from it. 

bo_rai_cho

I don't think many crypto exchanges, transact any business in the UK. They don't need to. They are just exchanges. People just cash into a crypto wallet and siphon the money out other ways to get the money back into GBP. All of which are legal across many countries. 

This is certainly not a "scheme". Its not like a pyramid scheme or a ponzi scheme. Granted its very high risk trading with little protection, but crypto exchanges and in the future NFTs are here to stay. There are billions being invested now by hundreds of millions of users. 

 

Scottex99

bo_rai_cho said:

I have a small amount of BNB and XRP in Binance but want to send this to either my Etoro wallet or Paypal.

Is this possible? I cannot find a way online to do it.

I use eToro but only the CFD side. Assuming both them and Paypal support "real" crypto wallets now. If they do, you just need to create an account, click deposit and you'll be able to see wallet addresses for various types of coins. That's assuming they support XRP and BNB. Also assuming you're looking to sell to GBP, Coinbase might be your best option