Unlock Your Worldcoin: A Simple Guide to Cashing out WLD on Binance
Main Takeaways
WLD is the native token of Worldcoin, a digital identity protocol designed to enable secure digital transactions in the age of AI by providing proof of identity.
To withdraw WLD from Binance, users can either sell their tokens for fiat currency on the Buy and Sell Crypto page or use the P2P platform for direct transactions with other users.
Binance's P2P platform has expanded support for WLD trading against LATAM currencies, enhancing accessibility and convenience for users in the region.
Worldcoin is a digital identity protocol with an ambition to support humanity in the age of artificial intelligence (AI) where deepfakes are rampant. Designed to help to distinguish humans from AI to ensure secure transactions, WLD is a native utility token with governance properties in Worldcoin’s decentralized ecosystem. The project has literally attracted numerous eyeballs, as it requires iris scans during registration.
How to Withdraw WLD From Binance?
WLD has been trading on Binance since July 2023. Currently, there are two main withdrawal methods you can use to cash out your WLD on Binance.
Withdraw fiat by selling WLD on Binance’s Buy and Sell Crypto page
For those looking for a quick and easy way to cash out WLD tokens, Binance’s Buy and Sell Crypto page might be the perfect solution for. Using the wallet’s built-in sell feature, you can easily convert your WLD tokens to local currencies such as ARS, COP, and MXN. Thereafter, directly transfer the proceeds into your Spot wallet balance.
Once the funds are in your Spot wallet, you can either withdraw the fiat currency into cash or use it to buy other tokens – which makes managing your investments flexible and convenient.
Cash out your WLD
Open the Binance app and log in to your account.
Tap on the [Trade] tab at the bottom of the screen and select [Buy] from the top menu.
Select [Sell Crypto] tab at the bottom of the screen.
Sell your WLD Coin directly from your spot wallet.
Utilize Binance’s P2P platform
The Binance Peer-to-Peer (P2P) platform offers an easy and convenient way to sell your WLD tokens. It allows you to engage in direct transactions with other users at competitive rates. Furthermore, Binance has recently expanded its support for WLD by enabling trade against LATAM currencies such as ARS, COP, and CLP, making it even more convenient for users in the region to use their funds efficiently. This expansion into LATAM follows Binance rolling out local currency support in Africa, where users can trade with KES and UGX, further enhancing accessibility and convenience for our global user base.
To sell your WLD tokens on Binance P2P, you can either find buyer advertisements or post your own ads. Refer below for a step-by-step guide:
Finding Buyer Ads
Open the Binance app and log in to your account.
Tap on the [Trade] tab at the bottom of the screen and select P2P from the top menu.
Switch to the [Sell] tab and filter the ads by selecting WLD and your preferred fiat currency. Browse through the list of buyer ads and select one that offers the most favorable rates and terms.
Post your own P2P ads
Simply set type and price, trading amount and payment method, remarks and automatic responses. You can refer to this step-by-step video guide.
Closing Thoughts
Securely withdrawing Worldcoin (WLD) from Binance is straightforward and flexible. You can either use Binance’s Buy and Sell Crypto page, or our user-friendly P2P platform to trade WLD with other users. For more details, explore our guides on [P2P Trading] and [Fiat Trading].
Whichever route you choose, Binance ensures that you have the tools and support needed to manage your funds efficiently. In exploring these options, you can find the method that best suits your needs, locking in the value of your WLD tokens exactly when you need it.
Further Reading
Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. This is a general announcement. Products and services referred to here may not be available in your region.