With the growing popularity of cryptocurrency trading, platforms like Binance have become go-to destinations for investors and traders worldwide. Whether you're cashing out profits or moving digital assets to a personal wallet, knowing how to withdraw money from Binance is essential. This comprehensive guide walks you through every step of the withdrawal process—covering fiat transfers to bank accounts, crypto withdrawals to external wallets, and key details about Binance US.
Available Binance Withdrawal Methods
Before diving into the steps, it's important to understand the withdrawal options Binance supports. The platform offers multiple ways to move funds out, depending on your location, currency, and preferred method:
- Cryptocurrencies: Transfer supported digital assets (like BTC, ETH, or BNB) to an external crypto wallet.
- Bank Accounts: Withdraw fiat currencies such as USD, EUR, or AUD directly to your bank via wire transfer or ACH.
- Debit/Credit Cards: Instant fiat withdrawals to eligible cards—ideal for quick access to cash.
- P2P Marketplace: Trade crypto directly with buyers for local currency with no transaction fees.
- Third-Party Payment Providers: Use services like Advcash or Faster Payments (availability varies by region).
⚠️ Note: Not all options are available globally. For example, Australian users can only withdraw AUD via bank transfer, while EUR withdrawals support card and third-party options.
To check what’s available in your region, visit Binance’s official support page for up-to-date information on supported currencies and fees.
👉 Learn how to securely manage your crypto withdrawals today.
How to Withdraw Fiat from Binance to Your Bank Account
If you want to convert your crypto gains into traditional currency and deposit them into your bank account, follow these steps:
- Log in to your Binance account.
- Click on the Wallet dropdown menu and select Fiat and Spot.
- On the next page, switch to the Withdraw tab (the default is Deposit).
- Choose the fiat currency you wish to withdraw (e.g., USD, EUR).
- Select Bank Transfer or another available method (e.g., card).
- Enter the amount you'd like to withdraw.
- Confirm the transaction by entering a two-factor authentication (2FA) code sent via SMS or Google Authenticator.
Once confirmed, the withdrawal request is processed. Processing times vary:
- Card withdrawals: Often instant.
- Bank transfers: 1–5 business days depending on region and institution.
Always double-check recipient details before submitting.
How to Withdraw Cryptocurrency from Binance
Moving crypto from Binance to an external wallet is a common practice for enhanced security or long-term storage. Here’s how:
- Log in to your Binance account.
- Go to Wallet > Fiat and Spot > Withdraw.
- Select the cryptocurrency you want to withdraw (e.g., BNB, BTC).
Choose the correct blockchain network (e.g., BEP-20, ERC-20).
🔍 Example: BNB can be sent via Binance Chain (BEP-2) or Binance Smart Chain (BEP-20). Sending it to a wallet that doesn’t support the selected network may result in lost funds.
- Open your external wallet (e.g., Trust Wallet) and select Receive.
- Copy the provided wallet address and paste it into the Binance withdrawal field.
- Enter the amount and click Submit.
- Complete verification using your email/SMS and Google Authenticator.
After confirmation, the transaction will be broadcasted to the blockchain.
👉 Discover secure ways to transfer your crypto assets efficiently.
Withdrawing Funds from Binance US
Binance US operates under different regulations and has more limited withdrawal options compared to the global platform.
To withdraw fiat (USD) from Binance US:
- Log in and navigate to Wallet > Withdraw.
- Select USD as the currency.
- Choose ACH Transfer as the method.
- Enter the withdrawal amount.
- Click Continue, then confirm the transaction in the pop-up window.
- You’ll receive a verification email from Prime Trust—click Confirm Disbursement to finalize.
ACH transfers typically take 3–5 business days.
Crypto withdrawals on Binance US follow a similar process but are limited to supported coins and networks.
How Long Do Binance Withdrawals Take?
Processing speed depends on several factors:
For Cryptocurrency:
- Bitcoin (BTC): 10 minutes to 1 hour (varies with network congestion).
- Ethereum (ETH): 1–15 minutes; longer during high traffic.
- Binance Smart Chain (BSC): Usually under 5 minutes.
Higher network congestion increases confirmation times due to increased transaction volume and gas fees.
For Fiat:
- Card withdrawals: Instant or within minutes.
- Bank transfers: 1–5 business days.
- ACH (U.S.): 3–5 business days.
Always consider timing when planning large transactions or urgent cash needs.
Frequently Asked Questions (FAQ)
✅ How much does it cost to withdraw from Binance?
Fees vary by asset and method:
- Crypto withdrawals incur network (gas) fees, which depend on blockchain activity.
- Fiat withdrawals may have fixed or percentage-based fees—check Binance’s fee schedule for details.
✅ What is the minimum withdrawal amount?
Each cryptocurrency has a minimum threshold (e.g., 0.0005 BTC). For fiat, minimums range from $10–$50 depending on method and currency.
✅ Why hasn’t my withdrawal arrived?
Possible reasons include:
- Network delays due to congestion.
- Incorrect wallet address or network selection.
- Pending verification or account restrictions.
If unresolved after 24 hours, contact Binance Support.
✅ Can I cancel a withdrawal?
No—once confirmed, cryptocurrency transactions cannot be reversed. Double-check all details before submission.
✅ Why can’t I withdraw from my Binance account?
Common restrictions include:
- Recent password or email change (24-hour withdrawal lock).
- Suspicious login activity.
- System maintenance.
Verify your account status and contact support if needed.
✅ Is it safe to withdraw crypto to a hardware wallet?
Yes—hardware wallets like Ledger or Trezor offer top-tier security for storing private keys offline. Always verify addresses on the device screen.
Final Tips for Secure Withdrawals
- Always enable two-factor authentication (2FA).
- Use trusted networks when initiating withdrawals.
- Keep recovery phrases secure and never share them.
- Test with a small amount before large transfers.
Understanding how to safely withdraw from Binance ensures control over your assets and peace of mind in your trading journey.
👉 Start managing your digital wealth with confidence—explore secure withdrawal practices now.
Core Keywords: withdraw money from Binance, Binance withdrawal methods, crypto withdrawal guide, fiat to bank transfer, cryptocurrency transfer, Binance US withdrawal, blockchain transaction time, secure crypto withdrawal