Withdrawing Cryptocurrencies and Funds from Binance to a Bank Account: Instructions
Withdrawing funds from Binance is a simple process, and this guide will walk you through the steps step-by-step. We'll cover cash withdrawals, crypto withdrawals, and even withdrawing USDT to your bank account.
Withdrawing Cash from Binance
- First, log into your Binance account. Use your email and password to access your account. If you have set up 2FA (two-factor authentication), you will need to input the verification code as well.
- Navigate to the "Buy Crypto" section. Look for the "Buy & Sell" tab at the top right corner of the page. This section will help you convert your cryptocurrencies to fiat currencies like USD.
- Sell your crypto for USD. Choose the cryptocurrency you want to sell from the list, select your fiat currency, and enter the amount you want to sell. The platform will display the equivalent fiat amount you'll receive.
- Choose your receiving payment method. For cash withdrawals, select a bank transfer as your payment method. Add your bank details, including account number and routing information, and confirm the transaction. Some accounts may require 2FA for additional security.
Withdrawing Crypto from Binance
- Navigate to the "Wallet" section. Click on "Wallet" at the top right corner of the page, then pick "Overview" from the dropdown menu.
- Select the crypto you want to withdraw. Choose the cryptocurrency you wish to transfer from the list in the "Overview" section.
- Start the crypto withdrawal. Once you have chosen the crypto, click on "Withdraw" beside it, and enter your withdrawal address (e.g., if you wish to withdraw to Coinbase, use your Coinbase deposit address). Select the right network (e.g., TRC20 or ERC20) that matches your deposit network on the receiving platform.
- Enter the withdrawal amount and confirm the transaction. Double-check the withdrawal amount, the withdrawal address, and the network selection before hitting "Submit". You may need to go through 2FA to finalize the process.
Withdrawing USDT to your bank account
- Log into your Binance account as usual.
- Go to the "Buy Crypto" section and select "Buy & Sell".
- Choose USDT as your currency, select "Bank Account" as the payment method, and enter the amount of USDT you want to sell.
- Input your bank details. Binance will show you the equivalent fiat amount you'll receive. Add your bank details, such as account number and routing information, check everything, and click "Sell" to process the transaction.
How long does a Binance withdrawal take?
Crypto withdrawals can take anywhere from a few minutes to an hour, depending on the cryptocurrency and blockchain network. Fiat withdrawals like wire transfers usually take 1 to 5 business days, depending on your bank and the region.
What is the Binance withdrawal fee?
The withdrawal fee for crypto on Binance is based on the network fee, while fiat withdrawals are often free or charge a flat fee. For instance, ACH withdrawals for USD on Binance.US are free, while wire transfers usually cost $25. Exact fees can be found on the withdrawal page before confirming the transaction.
Binance withdrawal limits
Standard users can withdraw up to 8,000,000 BUSD daily, while US citizens with KYC (Know Your Customer) verification can potentially withdraw $1 million daily depending on the country and verification details. These limits may vary depending on individual conditions or country-specific regulations.
- The process of withdrawing funds from Binance involves selling your crypto for USD in the "Buy Crypto" section, choose the cryptocurrency you want to sell, select your fiat currency, and enter the amount you want to sell.
- For cash withdrawals, log into your Binance account, navigate to the "Buy Crypto" section, sell your crypto for USD, choose a bank transfer as your payment method, and add your bank details.3.Withdrawing a cryptocurrency like Bitcoin or Ethereum from Binance requires navigating to the "Wallet" section, selecting the crypto you wish to transfer, entering your withdrawal address, and selecting the right network that matches your deposit network on the receiving platform.
- In the "Wallet" section, you can also withdraw USDT and exchange it for fiat currency by going to the "Buy Crypto" section, choosing USDT as your currency, selecting "Bank Account" as the payment method, and entering the amount of USDT you want to sell.
- For withdrawing USDT to your bank account, log into your Binance account, go to the "Buy Crypto" section, choose USDT as your currency, select "Bank Account" as the payment method, and input your bank details.
- The process of withdrawing funds on Binance is secure, with steps such as 2FA (two-factor authentication) for added security when accessing your account and finalizing transactions.
- Withdrawing cash or crypto from Binance can take anywhere from a few minutes to several business days, while withdrawing USDT to your bank account usually takes 1 to 5 business days.
- The withdrawal fee for crypto on Binance is based on the network fee, while fiat withdrawals are often free or charged a flat fee.
- Binance withdrawal limits for standard users are up to 8,000,000 BUSD daily, while US citizens with KYC (Know Your Customer) verification can potentially withdraw $1 million daily depending on the country and verification details.
- The crypto industry has grown significantly in the field of personal-finance, banking-and-insurance, business, and technology, with companies like Binance playing a major role in facilitating trading, banking, and gadgets for users.
- Withdrawing funds from Binance is a simple process, and this guide has walked you through the steps step-by-step for cash withdrawals, crypto withdrawals, and withdrawing USDT to your bank account, making it easier for you to manage your personal-finance and trading activities.