There is an alternative to P2P funding to the Binance FIAT account.

We can probably use AdvCash to deposit EUR into Binance, then use the FIAT currency to trade directly for your preferred coins.

I will base my examples with RM1000 deposit.

Case 1, Binance P2P:

I take the most current and cheapest rate, 4.34MYR to 1USDT by a seller.

So spending RM1000 will get us 230.41USDT, a 5.25% premium(fee).

RM1000 get USDT230.41(equivalent to RM947.50)

Case 2, AdvCash Deposit

There is no fee charged by Binance for deposit via AdvCash.

But there is a fee of 3.5% imposed by AdvCash for funding the account via VISA/MASTER card.

There are only 3 FIAT available for deposit: USD, EUR and RUB.

Forget about funding AdvCash with USD, Binance USD FIAT deposit doesn't support AdvCash.

So spending RM1000 will get us EUR194.80, after the 3.5% fee.

RM1000 get EUR194.80(equivalent to about RM965). Which is a bargain compare to P2P rate.

Go to Binance "Buy Crypto" section https://www.binance.com/en/my/wallet/accoun...eposit/fiat/EUR , select Advcash Account Balance, and continue to deposit your Binance FIAT wallet with AdvCash balance.

Then, go to https://www.binance.com/en/trade/ETH_EUR?la...t=pro&type=spot and trade for ETH using EUR, or trade for any AltCoins you like.

However, the caveat is, your Bank or BigPay will likely regard deposit into AdvCash as quasi-money transactions again and will decline your transaction. Kindly correct me if I am wrong.

If you haven't register for AdvCash yet, sign-up at --referral link removed--

Bear in mind that use at your own risk. I am just sharing what I found. If you are a veteran of AdvCash, kindly contribute so we can help wannabe to venture into cryptosphere with more friendly environment.

Thank you.

from my experience with advcash, if use credit card there will be cash advance fee from credit card bank, with debit card i havent try and those advance fees hurt

Yaaa, they consider it as online gambling activity.

but maybe can try with big pay maybe cheaper but currently think just do binance thru bigpay with sgd is the cheapest. nonetheless kudos on the idea just the cash advance fee will hurt haha

But I heard several stories of BigPay refused the transactions with new VISA card, and some time even with old Master Card.

This post has been edited by wangwangi: Apr 23 2021, 11:50 PM

i unfortunately dont have a bigpay card but i saw other forum folk saying just have to try few times. the everlasting problem of crypto in malaysia, struggle to get the money in in the first place (well at least cheaply)

Mind sharing with us if there is actually spread imposed by your Bank for foreign exchange? So total how much is the cost besides the visible 3.5% and your cash advance fee?

I really cant tahan to seee your avatar as it hinder my screen.

metoo. wanna picit dia

For those with the old MASTERCARD, they used it on Binance Pro (mobile app).

But for the VISA cardholders like me, it's a dead end. The CS rep has already stated the restriction when I asked one.

This post has been edited by UserU: Apr 24 2021, 06:22 PM

Have u tried with AdvCash with small test amount? Does it go through with VISA? Personally, I don't think so.

If it goes through, then it is great, because sometimes P2P Market has a minimum of 2000 - 4000 purchase order, a huge barrier for those who wish to just invest small amount. AdvCash has no minimum deposit restriction as far as I know.

I just tested with USD$1(should bought EUR though) with my old BigPay Master card, it went through smoothly. No problem at all.



This post has been edited by wangwangi: Apr 25 2021, 08:46 AM

We can also withdraw funds to Malaysian Banks after address verification.

Not yet, but I might try it soon!

I agree that the minimum order amount is ridiculous unless you opt in for the higher rates. Which are essentially the same.

From my calculation, the cheapest is old BP M/C with SGD. Sometimes AdvCash payment method is cheaper than P2P.

If AdvCash and P2P have the same rate then I prefer AdvCash to avoid potential scams in P2P market.

thanks for sharing, but may i know when you buy with old bp card with sg, binance will ask for address?
If so what address we need to fill? Also do binance charge any fee for using BP?

Thanks

This post has been edited by dashisiong: Apr 26 2021, 03:23 AM

No address input. No fees if pay with SGD, THB, DON.

Try BP many times still can't get through. You guys really succeeded?

Works with old BP Master.

Maybe you can try UAH deposit via VISA/Master with 0.8% fee.

https://www.binance.com/en/my/wallet/accoun...eposit/fiat/UAH

This post has been edited by wangwangi: Apr 26 2021, 09:34 AM

what bigpay card u using? mastercard or visa?

Assuming you're using bp master, try clear the cache. My experience, 1st use ok, then keep getting failed. After clear the cache, it works again. Not sure if its related, but no harm trying.

how to cash out from binance?

binance >> bigpay >> bank account?

No.

U cash out via P2P or transfer to LUNO and cash out or transfer to AdvCash and cash out to local Bank.

Where to get the AdvCash function in Binance web?

In Buy Crypto section only have 2 dropdown, that is P2P Trading and Credit/Debit card

thanks bro!

Probably using UAH currency will have better rate than AdvCash, 0.8% UAH via VISA/MASTER.

There are 3 funding optons, P2P, CC/DC and FIAT.

FIAT -> EUR, then select AdvCash, 3.5% fee.

FIAT -> UAH 0.8% fee.

This post has been edited by wangwangi: Apr 26 2021, 01:32 PM

I noticed that when I change the currency denomination, it has different payment method.

For AdvCash, we seem like require an account as there is an email and password to log in before the actual payment. Have you encounter this?



Another thing is that using FIAT > EUR select AdvCash is 0% fee on my site. Why there is difference from yours?


UAH 0.8% is using SettlePay (MC/Visa) and Geo Pay while Advcash is 0%

If using BigPay, does it support conversion from MYR to EUR and UAH?

This post has been edited by rocketm: Apr 26 2021, 03:00 PM

app cache or the web browser cache?

i tried a small sum but it is stuck at confirming payment details

AdvCash is some kind of payment processor like PAYPAL. There is a charge of 3.5% deposit fees in AdvCash Account.

Then you use AdvCash balance to pay in Binance. Binance doesn't charge if using AdvCash.

Thus maybe deposit directly with UAH is cheaper.

ok, do you mean deposit using BigPay and select the currency is UAH?

Yaa. FIAT deposit with UAH. But be aware of extra fees by MASTER/VISA.

This post has been edited by wangwangi: Apr 26 2021, 03:23 PM

Oh, I thought Bigpay only accept currency that within Asean countries like what they put in their website.

Just recall, if using SGD then MC/Visa is 0.8% and others is 2% charge by Binance while the MC/Visa fee is x% + currency conversion. Am I right?

urm guys, if u using bigpay. then used sgd currency. 0% transaction fee.

Old card with MasterCard can use this trick. Now BP change to Visa and cannot deposit d

Maybe can try deposit with UAH, 0.8% fee.

Using BP visa? I read somewhere got limit per day and per month for UAH. Need someone to confirm that

No idea. Where did you get the info from?

Binance under UAH

Yaaa I see it now. Daily limit around RM11,063.

Anyone has tried?

Yeah haha.

If you are using BigPay VISA, you can try 10UAH(around RM1.50). See if it goes through.

I have old BP Master that can use SGD 0% fee option, thus no point for me to try.

Ouh ic2. Mine is mastercard so using sgd 0% 😂

Can you tell me step by step how to use BP to deposit sg with 0%?
I having old BP master card but i cannot find the right way for doing it.

Ps: I do know how to change to pro mode.

Thanks

Credit/Debit cards option is right at the "Home" page of your App. Right-hand side, just tap to enter.

i have been told about this method and google shows the same but still there is no credit/debit card option in my Home page
hmm

Did u use Pro mode. Or lite mode?

Double post

This post has been edited by lordirfan99: Apr 26 2021, 09:25 PM

both mode also can't see
in pro mode, i can see help&support and More butons at middle

Binance Lite >under the Markets Tab >choose USDT (or watever coin that accept payment in SGD sa not all coins can)> CHoose Trade > Key in the $amt and choose SGD > CHoose BUY USDT> Choose Pay with Card - make sure is Bigpay Mastercard. Make sure you enter the card details and address Binance etc all same with the BIgpay card details and address u are using else most likely reject if not same details.


Binance PRO > Trades>Fiat> Spend $$ SGD > Buy USDT Crypto> Choose Pay with Card - make sure is Bigpay Mastercard. Make sure you enter the card details and address Binance etc all same with the BIgpay card details and address u are using else most likely reject if not same details.



If still cannot.....then sayonara sorry!

This post has been edited by mIssfROGY: Apr 26 2021, 09:38 PM

Maybe you can take a screenshot of your App home page. It seems different than mine.

Well this works

Ouh iPhone?. Click the usdt. And click buy

android lol

Wtf mine like this. Android too

Ok I face the same problem as well, use web browser to login and purchase crypto with card then add your card, next time can directly transfer using app

Ohhh...your homepage different than mine. Mine have Credit/Debit card right at the home page.

That is great. Now waiting for BP VISA holders to voluntarily test UAH deposit.

Cara Deposit dan Withdraw di Binance Guna (ShopeePay , Touch&Go , Debit Card , Bank Transfer)



This post has been edited by wangwangi: Apr 26 2021, 10:21 PM

After a few days of hard trying, i finally got it!

0% sg deposit by using BP old master card.

How i do it i will share it here.

Thanks to "hihihehe" for his step by step and also "wangwangi" for answering my questions .

I am using Binance app lite mode and also a old bp mastercard.
Just folo the step by step by hihihehe and there will be a error like below:







But actually the payment go thru and it is in your binance account already!

Btw, when doing the payment it will still ask to key in the address, remember to put the same address as your bp card.


Lastly, below is my app (dun know which version) which i am using.

There was no success status when I tried SGD with BP Master too, it showed "confirm" after "confirm " then stuck there. Until I checked my BigPay App, it went through without my knowledge.

I think it is a bug on Binance side. You can see the YT video I posted above, same issue with the YouTuber.

Thanks alot for your help!

Normally if your payment went through, there will be a bigpay notification pop up in your mobile, no?
I will always rely on the notification that bigpay money have flown out. then I can ignore whatever error binance is showing me dy

No notification. Maybe because I checked it before it fired the notification.

i tried bigpay just now but i got warning fiat deposit failed
have to appeal to unfreeze deposit function

Can u show screenshot? Never happen to me before. Already bigpay for 34k transaction never happen

i have submitted for appeal

the amount was insufficient in my card then ban

chat with CS and they said issue is with my card and use bank transfer instead :x

Oof that is sad. But fortunately right now p2p is cheaper than using BigPay. U should try p2p then

feel like giving up binance de

so i try again with BP card and it went through lol

noob question
since i am holding USDT now, does that mean i only can buy the coins at the FIAT section?

Your BP MasterCard or Visa? Need to know

BP mastercard
going to expire this year october lol

Lol ok

Is it the Bigpay Mastercard that expire this year will result fail in deposit?

nah, i got it work today after transaction failed yesterday

so you need to wait for 1 day?

Based on previous message advised by some forumer, we need to check any pending deposit transaction. If none then can try again to deposit.

they asked my to appeal to lift the deposit restriction but i try again the next day it works

the 1st time failed because of insufficient funds in my card

When select Malaysia as country, it says card not supported. How do you pass deposit FIAT with UAH? Please show us step by step..

How did u select Malaysia as country?? Binance doesn't support MYR as FIAT deposit, except in P2P only.

For UAH FIAT deposit, https://www.binance.com/en/my/wallet/accoun...eposit/fiat/UAH

Remember there are 3 types of deposits, P2P, Card and FIAT. There are different. Master/VISA Card deposit is NOT the same as FIAT deposit.

No, I can't select MYR as FIAT. I mean during for UAH FIAT deposit using bank card, after we key in card details and for address, the country we choose Malaysia. It show transaction fail "...We currently do not support the bank card issued in this country..." How you can deposit UAH FIAT with that?

Sorry, no FIAT support for Malaysian card. So FIAT deposit with UAH is not possible.

But I think card deposit with EUR will give me higher amount of USDT than SGD 0% fee, even with 2% fee.

Can i know what the exchange rate?

Yours is bigpay MasterCard or Visa; Mine is bigpay Visa, any trick to add this card for binance? Or which good foreign bank card do you suggest for Malaysian to use?

This post has been edited by leo_kiatez: May 1 2021, 02:18 PM

Mine is old goodie Master card. What did u mean by "any trick to add this card for binance"?? Isn't adding a card just a simple step? Idk about any foreign cards, but i think any Master Debit will do the trick.

U can try with ur BigPay VISA without actaully paying, as long as you don't click on the "confirm" button. You will be able to see how many USDT coins you can buy with EUR, SGD......etc.

Example for my Master card, RM1000 deposit amount.

Case 1 EUR:

RM1000 = 203.14EUR

For 203.14EUR, I will get 238.941133USDT after 2% fee

Case 2 SGD:

RM1000 = 324.96SGD

For 324.96SGD, I will get 237.80998416USDT with 0% fee

Case 3 P2P market:

Spend RM1000 to buy at the cheapest rate RM4.19 by a seller now.

I will get 238.66USDT

It looks like I will get a bit more USDT if I buy with EUR as payment currency using my BP Master card.

Oic.. Thanks

What about USD instead of EUR?

Best rate is EUR

Hi I'm using PC ver of binance

In the screenshot below how do I see what you typed up here?

Where should I input MYR?

Please guide me sifu tqtqtq

There is NO MYR support anywhere in the Binance. Just use EUR, that is all. And don't use credit card, use Debit/Prepaid card.

tq, just done it, hope the rate is lower than SGD

Cool...what card are you using? BP Master?