Learn how to withdraw your earnings from Paxum to Binance so that your payment arrives smoothly in your cryptocurrency wallet.
Now that Paxum has withdrawn the most widely used payment method in Latin America and other countries — “Local Bank Transfer” — many are choosing to use the alternatives offered by Paxum instead. Although the withdrawal of ‘Local Bank Transfer’ is not permanent, Paxum is working with other partners to make this option available again. However, we do not know when this will happen, so for the time being, you will have to use the alternatives available, such as:
- Withdrawing your earnings through an ATM using the Paxum prepaid card.
- Transfer to an external card (Visa or Mastercard).
- Transfer to a USDC or USDT cryptocurrency e-wallet.
If you plan to withdraw your earnings using cryptocurrencies, you have come to the right place. We will talk you through the process step by step to help you avoid making any mistakes and ensure that the funds reach your account.
What do I need to withdraw my earnings from Paxum to Binance?
- You can create a verified Binance account by clicking the button below.
What cryptocurrencies does Paxum use for payments?
- Paxum accepts USDC and USDT cryptocurrencies as payment options.
What is the value of one USDC or USDT in dollars?
- It is equivalent to one dollar, but since Paxum’s business is currency exchange, it will pay you less when you transfer it to your Binance wallet.
Is there anything else I need to know about USDC or USDT in order to withdraw my earnings to Binance?
- Yes, the network of the USDC or USDT cryptocurrency.
What type of network is used to transfer USDC or USDT?
Paxum recommends using the following currencies on the network:
- USDC: The ERC20 network is used.
- USDT: The ERC20 or TRC20 network is used.
Are there any fees charged by Paxum for withdrawing earnings to Binance?
Yes, several fees are charged for withdrawing your money in cryptocurrency. These fees are:
- Transaction fee: $15
- Network processing fee: Less than $1 (varies from time to time).
- Exchange fee: Approximately $0.96990301 (varies daily).
How can you transfer your earnings from Paxum to Binance?
- First, go to the Paxum website and select the “Transfers” – “Withdraw funds” option from the top menu.
- This page displays several options for withdrawing your winnings. Previously, there was also an option for a “local bank transfer”. However, the withdrawal options have been reduced, and the main option is now to withdraw winnings via “Crypto”. Select this payment method, then click “Enter wallet details”.
- A panel will appear on the right asking us to enter the beneficiary’s name, the network type, and the Binance cryptocurrency wallet.
IMPORTANT: Remember the “Network Type” selected in this step, as it must match when setting up your wallet on the Binance platform.
- Now, go to Binance and create a wallet address for a cryptocurrency, such as USDT or USDC. If you don’t know your address, refer to this guide: “How to find your cryptocurrency wallet address on Binance?”
- Go back to the Paxum page and copy the Binance wallet address into the “Wallet Address” field.
NOTICE: This information must match exactly on Paxum and Binance, including the currency, network, and wallet deposit address.
CAUTION: Entering incorrect information on Binance or Paxum may result in losing your payment.
Example: When selecting the USDT cryptocurrency in Paxum, the data must also match in Binance. This includes the cryptocurrency (“USDT”), the network (“ETH – Ethereum (ERC20)”), and the deposit address, as shown in the following image:
After entering all the necessary information, click “Next Step.”
- The information you entered in the previous step will be displayed again so you can verify and confirm it. If everything is correct, click “Looks Good.”
- Toward the end of the process, you will see a summary of all the fees and commissions that will be deducted from your earnings. For example, if you transfer $1,000 to your cryptocurrency wallet, you will receive $955.18 USDT.
- The total amount to transfer: $1,000.
- Transaction fee: $15
- Network processing fee: $0.18 (approximate, as its value varies).
- Exchange rate: $1 = 0.96990301 USDT.
- The total amount in USDT: 955.18 (equivalent to dollars in cryptocurrency).
If you agree to receive this amount, click “Transfer”.
- Finally, you will be asked to approve the transaction via text message. Click “Accept”.
- After the transaction is approved, a message will appear on your PC or mobile device confirming that the transfer is complete.
Note: It will take between one and ten minutes for transfers from Paxum to Binance to be reflected.
We hope you found this guide on transferring your earnings from Paxum to Binance helpful. If you have any questions or concerns, please leave a comment, and we will respond promptly.
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