How To Sell Ethereum From Binance On FlipEx App In Seconds

How To Sell Ethereum From Binance On FlipEx App In Seconds

A decentralised network and digital currency called Ethereum (ETH) underpins several apps. In contrast to conventional currencies governed by central banks, Ethereum functions through a blockchain network, facilitating safe and open transactions devoid of middlemen. This opens the door for cutting-edge uses like self-executing contracts, or smart contracts. Ethereum is one of the digital currencies that users may buy, sell, and trade on cryptocurrency exchanges like Binance and FlipEx. In the crypto exchange business, Binance is a world leader, and the FlipEx app is where you can sell Ethereum for Naira fast and securely. 

We will look at how to easily turn your Ethereum holdings on Binance into cash via FlipEx in this article. Using the FlipEx app to sell Ethereum from Binance is a simplified approach that has major benefits in terms of speed and user experience. Read on!


What Are The Prerequisites To Sell Ethereum From Binance On The FlipEx App?

Here are the prerequisites to sell Ethereum from Binance on the FlipEx App:

  • A Binance account with ETH holdings that holds the Ethereum (ETH) you want to sell.
  • A FlipEx App account
  • Familiarity with cryptocurrency transactions including buying and selling digital currencies on an exchange; to ensure a smooth experience while selling your ETH on FlipEx App.


Step-by-Step Guide To Sell Ethereum from Binance on FlipExApp

To understand how to sell your Ethereum from Binance on FlipEx, follow the steps below, but understand that you need to transfer your Ethereum (ETH) from Binance. Here's how:

Step 1: Log in to the FlipEx App to copy your ETH (Ethereum Wallet) address.

Login to your FlipEx App and click on the “Sell Crypto” option. Select the ETH (Ethereum Wallet) option and click on “Receive”. Copy the wallet address provided. Now, log in to your Binance App.

Step 2: Log in to Binance and Navigate to the ETH Wallet

Once logged in, locate your wallet section. This is labelled "Wallet" from the Wallet options, select "Spot" depending on the Binance interface. Find the Ethereum (ETH) section. This will display your current ETH holdings.

Step 3: Initiate ETH Withdrawal

Choose the "Withdraw" option and input the necessary details including the wallet address you copied from your FlipEx Ethereum wallet

Step 4: Enter the ETH Amount and Withdrawal Address

In the withdrawal form, enter the amount of Ethereum (ETH) you want to transfer to your ETH (Ethereum Wallet) on the FlipEx app. Provide the Ethereum withdrawal address associated with your FlipEx app account. 

Step 5: Confirm the Transaction

Once you have entered the amount and double-checked the withdrawal address, review the transaction details carefully.

Binance might require additional verification steps like two-factor authentication (2FA) before allowing the withdrawal. Follow the on-screen prompts to confirm the transaction.


How To Sell Ethereum for Naira On The FlipEx App

With your ETH successfully transferred from Binance to your FlipEx ETH Wallet, you can now proceed to sell your Ethereum for Naira on the FlipEx app.

  1. First, you need to Download the FlipEx App from the Google PlayStore or Apple App Store.
  2. Sign up for a FlipEx account if you are a new user by providing the necessary details after downloading the app, or simply “Sign in” if you already have an account.  
  3. Verify your account via the code sent to the email you provided.
  4. Set a 4-digit PIN to create an extra level of security to guard your account.
  5. Now, to sell your Ethereum Tap "Sell crypto" on the home screen and select Ethereum (ETH).
  6. Input the necessary details to initiate your trade. 

Once finished, you should see the Naira value added to your FlipEx account wallet balance. Don't forget to withdraw these funds to your chosen bank account.


What Are The Benefits of Using the FlipEx app?

Selling Ethereum (ETH) from Binance on the FlipEx App offers several advantages compared to traditional methods or other cryptocurrency exchanges including:

  • Faster transaction times for swift transactions. FlipEx boasts faster processing times, allowing you to access your converted funds quickly.
  • Competitive exchange rates for your Ethereum. This ensures you receive a fair price for your cryptocurrency.
  • User-friendly interface designed to be clear, intuitive, and easy to navigate. Whether you're a seasoned trader or new to crypto, FlipEx simplifies the selling process.
  • With FlipEx, your crypto assets are safe - FlipEx prioritises and ensures user security on the platform.

By leveraging these benefits, FlipEx can streamline your Ethereum selling process, ensuring a faster, more convenient, and potentially more rewarding experience.


Final Thoughts

This guide unpacked the swift and secure method of selling Ethereum from Binance on FlipEx. With just a few steps - transferring ETH from Binance and selling it on the user-friendly FlipEx App - you can convert your Ethereum to Naira in no time. FlipEx offers a fast and convenient solution for selling your cryptocurrencies like Bitcoin, Ethereum and Litecoin, ensuring a smooth transition from crypto to fiat currency.


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