As everyone knows, #ElSalvadorBitcoin was the first country to adopt Bitcoin as legal tender and using #Binance can be an exciting journey, but it also has its obstacles. Frustration arises when, despite having a full license in the country, you realize that traditional banks are not compatible with the option to sell to fiat, as happens to me when using the cards from Banco Promerica and Banco Hipotecario.
I will share what I do here in El Salvador, and that is that we have a solution at hand: $BTC Bitcoin and the #ChivoWallet .
If you are one of those who wants to make the most of every dollar, hereโs a smart strategy:
* Convert your assets in Binance to Bitcoin.
* Transfer them to your Chivo Wallet using the Bitcoin network or the Lightning network, which charges lower fees.
* And that's it! Use that balance to pay for your purchases at Super Selectos and any other store that accepts payments with Chivo Wallet.
But why transfer them if you can transfer directly from Binance? Well, due to the volatility of Bitcoin and considering that you might need cash or won't be able to make transactions immediately, with the Chivo wallet you can automatically convert your Bitcoin to USD so you avoid fluctuations in value and keep the same amount of dollars available.
It's that simple. With this method, you won't run out of funds for your essential purchases while keeping your Fiat invested, and best of all, with no fees.
Many probably already knew this, so this article is focused on those Salvadorans who are new like me in this world and do not want to neglect their monthly obligations, but at the same time want to earn a little with the different alternatives that Binance offers.
