Cryptocurrency exchange platform, Binance, has added several eWallets to its list of supported payment options for its peer-to-peer (P2P) service. For Malaysian users, this means you can trade cryptocurrency such as Bitcoin using your GrabPay, Touch ‘n Go eWallet and ShopeePay.
According to Binance, they have added the following 9 eWallet options for Southeast Asian users:
To add an eWallet as your payment method, you’ll have to go to the P2P trading section > go to your profile and go to the Payment option. You should be able to find GrabPay, Touch ‘n Go and ShopeePay SEA on the list.
To add your preferred eWallet, you are required to provide your mobile number and upload your wallet’s QR code.
Since this is a peer-to-peer service, do note that you’re transacting with individuals and not directly with the Binance platform. According to their disclaimer, users are warned to proceed at their own risk and Binance has neither the rights nor the obligations to resolve any disputes arising from a completed payment and they won’t be responsible for any loss in a completed payment. The P2P platform now supports over 150 payment methods and 49 fiat currencies.
While Binance is quite popular for cryptocurrency trading, it is worth highlighting that Binance is operating without authorisation from Malaysia’s Securities Commission (SC) to carry out regulated activities. There are only 3 platforms that are registered as Digital Asset Exchange (DAX) with the SC and this include Luno, SINEGY and Tokenize.