How to avoid the Luno price premium.

[NarrowBandFtw]

I do notice on Binance that they announced in October that they will be accepting direct payments by e-wallet. Has anyone tried this?

FNB e-wallet on Binance is only for peer-to-peer (P2P) trading i.e. you can only buy BTC (or whatever token is on offer) directly from another seller who specifically is willing to accept e-wallet payment, provided you accept his/her price, you pay from your e-wallet directly to theirs, not to Binance

You can't buy crypto off Binance's exchange or fund your fiat wallet on Binance with FNB e-wallet, most likely because FNB is notoriously anti-crypto these days, they will not let Binance have an e-wallet / account of their own

 

[Metaljockey]

FNB e-wallet on Binance is only for peer-to-peer (P2P) trading i.e. you can only buy BTC (or whatever token is on offer) directly from another seller who specifically is willing to accept e-wallet payment, provided you accept his/her price, you pay from your e-wallet directly to theirs, not to Binance

You can't buy crypto off Binance's exchange or fund your fiat wallet on Binance with FNB e-wallet, most likely because FNB is notoriously anti-crypto these days, they will not let Binance have an e-wallet / account of their own

Thank you, very helpful.