Cheapest way to withdraw Binance ZAR?

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Dade Murphy

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I have some crypto on Binance which I already sold for ZAR but it seems that ZAR deposits and withdrawals will not be enabled anytime soon from what I can tell. What is the next cheapest option here? Will I have to buy crypto again with the ZAR, transfer to a local exchange, and then withdraw?
 
What I do is either buy BTC or ETH and send to VALR or LUNO then sell to ZAR and withdraw to my South African bank account.
 
Dade Murphy said:
I have some crypto on Binance which I already sold for ZAR but it seems that ZAR deposits and withdrawals will not be enabled anytime soon from what I can tell. What is the next cheapest option here? Will I have to buy crypto again with the ZAR, transfer to a local exchange, and then withdraw?
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log a support ticket it will manually be processed to your zar bank account
 
TheRidDlerX said:
Alternatively buy XRP, send to luno for like 60c cost, sell it off into ZAR and then withdraw from there to ur bank. Usually around R8.00 for a withdrawal fee to FNB
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Luno withdrawal to FNB is free these days actually, unless you want an "express" withdrawal.

+1 though, exchanging for XRP, sending to Luno and selling for ZAR is the fastest and cheapest way if Binance can't offer a proper ZAR withdrawal ... only worry I'd have is Binance's stance on delisting XRP which may come into play
 
NarrowBandFtw said:
Luno withdrawal to FNB is free these days actually, unless you want an "express" withdrawal.

+1 though, exchanging for XRP, sending to Luno and selling for ZAR is the fastest and cheapest way if Binance can't offer a proper ZAR withdrawal ... only worry I'd have is Binance's stance on delisting XRP which may come into play
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True. Hopefully luno introduces TRX or something similar soon. I guess the closest would be LTC
 
NarrowBandFtw said:
Luno withdrawal to FNB is free these days actually, unless you want an "express" withdrawal.

+1 though, exchanging for XRP, sending to Luno and selling for ZAR is the fastest and cheapest way if Binance can't offer a proper ZAR withdrawal ... only worry I'd have is Binance's stance on delisting XRP which may come into play
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Looks like Binance doesn't offer a XRP/ZAR trading pair, or am I missing something?

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NarrowBandFtw said:
damn, never tried that, perhaps someone else can advise

I've done XRP/BTC to get crypto out, but to buy BTC in order to buy XRP if you have ZAR right now could become expensive
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Wouldn't I only pay fees on the BTC trade and then do a BTC/XRP convert?

Looks like an expensive exercise either way since I paid fees on my initial ETH to ZAR trade, and will pay again to trade ZAR back to ETH or BTC.

Hoping Binance will be able to do a manual bank transfer as suggested by @Snyper564
 
Dade Murphy said:
Wouldn't I only pay fees on the BTC trade and then do a BTC/XRP convert?

Looks like an expensive exercise either way since I paid fees on my initial ETH to ZAR trade, and will pay again to trade ZAR back to ETH or BTC.

Hoping Binance will be able to do a manual bank transfer as suggested by @Snyper564
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Conversions are effectively just another combined buy and sell order so ur gonna pay fees yea
 
Dade Murphy said:
Wouldn't I only pay fees on the BTC trade and then do a BTC/XRP convert?

Looks like an expensive exercise either way since I paid fees on my initial ETH to ZAR trade, and will pay again to trade ZAR back to ETH or BTC.

Hoping Binance will be able to do a manual bank transfer as suggested by @Snyper564
Click to expand...
Did the manual transfer work? If so what was the cost?
 
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