Binance is a leading cryptocurrency exchange that allows users to buy, sell, trade, and store digital assets. Once you’ve accumulated cryptocurrencies or fiat funds in your Binance account, you may want to withdraw them to an external wallet, bank account, or another platform. This comprehensive guide will explain how to withdraw from Binance, covering both cryptocurrency and fiat withdrawals, with step-by-step instructions.
There are several reasons you might want to withdraw funds from Binance:
Before withdrawing, ensure you have a verified Binance account. If you don’t have an account yet, sign up using the Binance referral link with the bonus code 28191927 to unlock potential benefits.
Binance supports two main types of withdrawals:
Each type has its own process, requirements, and fees, which we’ll cover in detail.
Follow these steps to withdraw cryptocurrency from your Binance account:
Visit the Binance website or open the Binance mobile app and log in with your credentials. Ensure 2FA is enabled for added security.
Once logged in, hover over the “Wallet” tab in the top menu and select “Fiat and Spot.” This section displays your available balances for both fiat and cryptocurrencies.
In the “Fiat and Spot” wallet, click the “Withdraw” button. You’ll be directed to the withdrawal page, where you can choose between “Crypto” and “Fiat” withdrawals. For cryptocurrency withdrawals, select “Crypto.”
From the dropdown menu, select the cryptocurrency you want to withdraw (e.g., BTC, ETH, USDT). Ensure you have enough funds in your spot wallet to cover the withdrawal amount and network fees.
Provide the wallet address where you want to send the cryptocurrency. This could be:
Double-check the address, as sending crypto to an incorrect address is irreversible. For convenience, you can save frequently used addresses in your Binance address book.
Many cryptocurrencies support multiple blockchain networks (e.g., Bitcoin on BTC network, Ethereum on ERC-20, or USDT on TRC-20). Choose the network that matches the recipient’s wallet. Using the wrong network can result in lost funds. For example, if you’re sending USDT to a TRON-based wallet, select the TRC-20 network.
Specify the amount you want to withdraw. Binance will display the minimum withdrawal amount and the network fee. Ensure you have enough funds to cover both. The fee varies depending on the cryptocurrency and network congestion.
Review the withdrawal details, including the amount, network, and recipient address. Binance may require you to verify the transaction via email, SMS, or 2FA. Once confirmed, the withdrawal will be processed. Processing times vary by blockchain, typically ranging from a few minutes to an hour.
If you want to withdraw fiat currency to your bank account, follow these steps:
Fiat withdrawals require a fully verified account. Complete the KYC process by submitting your ID and proof of address if you haven’t already.
If your funds are in cryptocurrency, you’ll need to convert them to a supported fiat currency (e.g., USD, EUR). Go to “Trade” and select “Convert” or use the spot trading platform to sell your crypto for fiat. The fiat will appear in your “Fiat and Spot” wallet.
In the “Wallet” section, select “Fiat and Spot” and click “Withdraw.” Choose “Fiat” from the withdrawal options.
Choose the fiat currency you want to withdraw and select a payment method (e.g., bank transfer, SEPA, or third-party providers like Advcash). The available methods depend on your region.
Provide your bank account details, including the account number, SWIFT/IBAN, and bank name. For first-time withdrawals, you may need to link your bank account to Binance.
Enter the amount you want to withdraw, ensuring it meets the minimum withdrawal limit. Binance will display any applicable fees.
Review the details and confirm the transaction. Fiat withdrawals typically take 1–5 business days, depending on the payment method and your bank.
Withdrawing from Binance is a straightforward process, whether you’re transferring cryptocurrency to an external wallet or fiat to your bank account. By following the steps outlined above and prioritizing security, you can safely manage your funds. If you’re new to Binance, create an account using the Binance referral link with the bonus code 28191927 to start your crypto journey with potential rewards.
