How to Withdraw Money From Binance: The Ultimate Guide

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Withdrawing funds from Binance is a crucial skill for any crypto user—whether you're cashing out profits to your bank account or securing digital assets in a hardware wallet. This comprehensive guide walks you through every step of the process, covering Binance fiat withdrawals, crypto transfers, withdrawal times, fees, limits, and security best practices.

Designed for both beginners and experienced traders, this resource ensures you can move your funds safely and efficiently. Let’s dive in.

How to Withdraw Money From Binance to Your Bank Account

Binance simplifies the process of converting crypto into fiat and withdrawing it to your bank account using its integrated Buy & Sell feature. This tool supports over 125 fiat currencies—including USD, EUR, IDR, and AUD—and offers more than 1,000 global payment methods, making it accessible no matter your location.

You can complete the entire process on either desktop or mobile, with intuitive navigation and real-time transaction tracking.

👉 Learn how to securely cash out your crypto earnings today.

Using a Web Browser

Withdrawing via desktop is ideal for users who prefer a larger interface and detailed control over their transactions.

Sell Crypto to Fiat Directly

This is the fastest way to convert crypto into fiat and send it directly to your bank.

Step-by-Step Process:

  1. Log in to your Binance account.
  2. Complete KYC verification if you haven’t already (required for withdrawals).
  3. Go to Deposit > Deposit Crypto to transfer any external holdings into your Binance wallet.
  4. Navigate to Buy Crypto > Sell.
  5. Select the cryptocurrency you wish to sell (e.g., BTC, USDT).
  6. Choose your desired fiat currency (e.g., USD, EUR).
  7. Select your bank account or payment method as the recipient.
  8. Enter the amount and click Sell.
  9. Confirm the transaction using 2FA.

Once confirmed, Binance processes the conversion and initiates the bank transfer. You can monitor the status under View History.

⚠️ Always double-check recipient details and be aware of potential third-party fees.

Withdraw Fiat From Your Balance

If you already have fiat in your Binance account (e.g., from a prior trade), use the Withdraw Fiat option:

  1. Click Wallet > Overview > Withdraw > Withdraw Fiat.
  2. Choose your currency and withdrawal method (e.g., bank transfer).
  3. Link your bank account if it's not already added—ensure the name matches your Binance profile exactly.
  4. Enter the amount and confirm the transaction with 2FA.

Bank transfers may take 1–2 days, especially if using SEPA or cross-border systems.

Using a Mobile Phone

The Binance mobile app lets you withdraw funds on the go—perfect for reacting quickly to market changes.

Steps:

  1. Open the app and tap Trade > Sell.
  2. Select the crypto asset (e.g., USDT).
  3. Enter the amount or use percentage sliders.
  4. Tap Select Receive Method and choose your linked bank account.
  5. Review details and confirm with 2FA.

✅ You’re done! The funds will be processed just like on desktop.

👉 Discover how to manage your crypto withdrawals anytime, anywhere.

How to Transfer Cryptocurrency From Binance to a Hardware Wallet

For long-term holders, transferring crypto from Binance to a hardware wallet is one of the safest storage methods. These devices store private keys offline, protecting against hacking, phishing, and malware.

Top options include Ledger Flex and Trezor Safe 5, both offering military-grade security and user-friendly interfaces.

How to Transfer Crypto from Binance to Ledger Flex

  1. Open Binance and go to Wallet > Overview > Withdraw.
  2. Select the cryptocurrency and correct network (e.g., Ethereum for ETH).
  3. Leave the recipient address blank for now.
  4. Open the Ledger Live app and click Receive.
  5. Choose the same crypto and network as on Binance.
  6. Connect your Ledger Flex and verify the address displayed.
  7. Copy the address from Ledger Live.
  8. Paste it into the Recipient Address field on Binance.
  9. Enter the amount and confirm with 2FA.

Your transfer will be processed within minutes, depending on blockchain congestion.

How to Transfer Crypto from Binance to Trezor Safe 5

  1. Connect your Trezor Safe 5 and open Trezor Suite.
  2. Unlock the device and select Receive for your desired asset.
  3. Click Show full address, then copy it after confirming on-device.
  4. On Binance, go to Withdraw, select the coin and matching network.
  5. Paste the Trezor address.
  6. Enter amount, review, and confirm with 2FA.
🔐 Always verify addresses on both devices—sending to the wrong wallet can result in permanent loss.

Binance Withdrawal Time and Fees

Understanding timing and costs helps you plan smarter withdrawals.

Withdrawal Duration

Pro tip: You can speed up blockchain transactions by paying a higher gas fee during peak times.

Related Fees

Binance charges fees based on asset type, network, and withdrawal method.

Crypto Withdrawal Fees (Examples):

Fiat Withdrawal Fees (Examples):

Fees may change based on network conditions or policy updates—always verify on Binance before confirming.

Binance Withdrawal Limits

Your withdrawal capacity depends on verification level and VIP status.

Crypto Withdrawal Limits (by VIP Level):

VIP levels are determined by trading volume and BNB holdings.

Fiat Withdrawal Limits (by KYC Level):

Higher verification enhances security and access—complete KYC early.

How to Withdraw Money From Binance Safely: Essential Tips

Security is critical when moving funds. Follow these best practices:

✅ Use Strong Passwords & Enable 2FA

Create unique passwords with letters, numbers, and symbols. Never reuse passwords across platforms.

Enable two-factor authentication (2FA) using the Binance Authenticator app—it stores codes locally, reducing cloud-based risks compared to Google Authenticator.

✅ Avoid Public Wi-Fi

Public networks are vulnerable to data theft. Always use a secure home connection or a trusted mobile hotspot when withdrawing funds.

While not permitted in this content, using encrypted connections significantly reduces exposure to cyber threats.

✅ Monitor Account Activity

Regularly review:

Set up email or app notifications for all withdrawals and logins.

✅ Beware of Phishing & Scams

Never click links in unsolicited emails claiming to be from Binance. Scammers often mimic official messages urging urgent action.

Always:

✅ Act Immediately on Suspicious Activity

If you notice unauthorized access:

  1. Temporarily disable your account via Security settings.
  2. Contact Binance Support immediately.
  3. Revoke API keys if needed.

Early response can prevent irreversible losses.

Frequently Asked Questions (FAQ)

Q: Can I withdraw directly from Binance to my bank account?

Yes, Binance supports direct fiat withdrawals to bank accounts in over 125 currencies using methods like SEPA, P2P Express, and local bank transfers—provided you’ve completed KYC verification.

Q: How long does a Binance withdrawal take?

Crypto transfers typically take seconds to an hour, depending on blockchain congestion. Fiat withdrawals usually take 1–5 business days due to banking system processing times.

Q: Why was my withdrawal rejected?

Common reasons include:

Check your email and Binance notifications for specific error messages.

Q: Are Binance withdrawal fees high?

Fees vary by asset and network. Some stablecoins like USDT on BNB Chain have zero fees, while others like Ethereum-based tokens carry higher gas costs. Always review fees before confirming.

Q: Can I cancel a withdrawal after sending?

No—once a withdrawal is confirmed, it cannot be canceled. Always double-check addresses and amounts before submission.

Q: Is it safe to withdraw crypto to a hardware wallet?

Yes, it's one of the safest methods for storing crypto long-term. Hardware wallets keep private keys offline, protecting against online threats.

👉 Secure your crypto journey with trusted withdrawal practices—start today.

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