What happens to the funds when we sell BTC on Binance?

8 answers

• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds from the sale are typically deposited into your Binance account. Binance acts as an intermediary in the transaction, matching your sell order with a corresponding buy order from another user. Once the transaction is complete, the funds are credited to your account balance on Binance. From there, you can choose to withdraw the funds to an external wallet or use them for other trading activities.
  437219
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are securely held by Binance until the transaction is completed. Binance ensures that the transaction is executed smoothly by matching your sell order with a buyer's buy order. Once the transaction is confirmed, the funds are transferred to your Binance account. You can then decide whether to keep the funds on the exchange or withdraw them to an external wallet.
  404135
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are handled securely and transparently. Binance, being a reputable cryptocurrency exchange, ensures that the transaction is executed fairly and efficiently. The funds from the sale are credited to your Binance account, where you have full control over them. You can choose to withdraw the funds or use them for other trading activities. It's important to note that Binance takes security seriously and employs various measures to protect your funds.
  489123
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are processed and managed by Binance's advanced trading system. Binance matches your sell order with a corresponding buy order from another user, ensuring a smooth and efficient transaction. Once the transaction is completed, the funds are immediately reflected in your Binance account balance. You can then decide whether to keep the funds on the exchange or withdraw them to an external wallet. Binance's robust infrastructure and dedication to security make it a trusted platform for handling cryptocurrency transactions.
  564113
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are securely held by Binance until the transaction is finalized. Binance uses advanced technology to match your sell order with a buyer's buy order, ensuring a fair and efficient transaction. Once the transaction is completed, the funds are credited to your Binance account. You can then choose to withdraw the funds to an external wallet or use them for other trading activities. Binance's user-friendly interface and strong security measures make it a popular choice for selling BTC and other cryptocurrencies.
  55292
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are processed and managed by Binance's trading platform. Binance matches your sell order with a buyer's buy order, ensuring a seamless transaction. The funds from the sale are credited to your Binance account, where you have full control over them. You can choose to withdraw the funds to an external wallet or use them for other trading activities. Binance's commitment to security and user satisfaction makes it a reliable platform for selling BTC.
  49070
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are securely held by Binance until the transaction is completed. Binance's advanced trading system matches your sell order with a buyer's buy order, ensuring a fair and efficient transaction. Once the transaction is confirmed, the funds are credited to your Binance account. You can then decide whether to keep the funds on the exchange or withdraw them to an external wallet. Binance's reputation as a trusted cryptocurrency exchange makes it a popular choice for selling BTC.
  51765
• Jan 09, 2022 · 3 years ago
  When you sell BTC on Binance, the funds are processed and managed by Binance's secure trading platform. Binance matches your sell order with a buyer's buy order, ensuring a smooth and reliable transaction. The funds from the sale are credited to your Binance account, where you have full control over them. You can choose to withdraw the funds to an external wallet or use them for other trading activities. Binance's commitment to user security and satisfaction makes it a top choice for selling BTC and other cryptocurrencies.
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