How to Withdraw Money From Binance to Bank Account The Simple Way

To withdraw money from Binance to a bank account, you must first access your fiat and spot wallets.

Following that, click on withdraw and specify the currency, payment method, and withdrawal details.

Finally, add a card, complete the security verification, and await the completion of the withdrawal. That is How to Withdraw Money From Binance to Bank Account

Introduction

How to Withdraw Money From Binance to Bank Account: Withdrawing funds from Binance to a bank account is a simple process in the majority of nations.

Over 60 fiat currencies and a variety of payment methods are supported by the exchange.

USD, EUR, AUD, JPY, and CAD are all examples of fiat currencies.

A complete list of accepted fiat currencies may be found at the following link: BINANCE ACEPTED CURRENCIES

Payment options vary according to your nation or area.

You will be able to utilize the “Instant card withdrawals” payment method in the majority of nations and regions.

Instant card withdrawals enable you to transfer funds instantaneously from your fiat wallets to your debit or credit card.

This is possible as long as “Visa Fast Funds (Visa Direct)” is activated. If you do not already have a Binance account, you may get one here: Sign up

This article will teach you how to withdraw funds from Binance to a bank account and how long the process takes.

How to transfer funds from Binance to your bank account

To transfer funds from Binance to a bank account, you must first access your fiat and spot wallets.

Following that, click on withdraw and specify the currency, payment method, and withdrawal details.

Finally, add a card, complete the security verification, and await the completion of the withdrawal.

For quick card withdrawals, the transaction will be completed within five minutes.

Other payment methods, such as SWIFT, may take up to four business days. Due to network congestion, this process may take longer.

However, if the exchange is undergoing a system update, you will be unable to make withdrawals.

This is because withdrawals will be halted momentarily during a system upgrade.

You can remain up to date on system improvements by following @BinanceHelpDesk on Twitter.

The following steps will guide you through the process of withdrawing funds from Binance to your bank account:

  • Navigate to your fiat and sot wallet
  • Select “Withdraw”
  • Choose your currency, payment method, and information for withdrawal.
  • Input your credit card information
  • Complete the security check.
  • Allow sufficient time for the withdrawal to be completed.

To begin, navigate to your fiat and spot wallets.

How to Withdraw Money From Binance to Bank Account

The initial step is to browse to your Binance fiat and spot wallets.

To begin, navigate to binance.com and sign into your account. You may also do this using the Binance mobile app.

However, for the sake of this article, we will be utilizing the desktop version of Binance.

Once on Binance, navigate to the top navigation bar and choose “Wallet.” This will bring up a navigation menu with a variety of options.

There are other options, including “Overview,” “Fiat and Spot,” and “Margin.” To access your fiat and spot wallets, click on “Fiat and Spot.”

Select “Withdraw” from the drop-down menu.

After clicking “Fiat and Spot,” you’ll be taken to your fiat and spot wallet. At this point, you must proceed to the withdrawal page.

A “Withdraw” button will appear next to the “Fiat and Spot” heading. To access Binance’s withdrawal page, click “Withdraw.”

Bear in mind that without a fiat currency, you will be unable to deposit funds into your bank account.

If you do not own a fiat currency, you must first sell your cryptocurrencies using the following link: SELL BINANCE.

Choose your currency, payment method, and information for withdrawal.

How to Withdraw Money From Binance to Bank Account

After clicking “Withdraw,” you’ll be sent to Binance’s withdrawal page. Now you must pick the currency, payment method, and details for withdrawal.

In this article, we’ll discuss how to pay with a “Bank Card” (also known as an instant card withdrawal).

If this is your first withdrawal, you must add a new card.

The following are the actions you must take in order:

  • In the “Currency” section, select the currency from which you wish to withdraw (e.g. EUR).
  • Choose a payment method (in this instruction, we’ll use the “Bank card” payment type).
  • In the “Amount” section, enter the amount of money you wish to withdraw (e.g. 100 EUR).
  • To add a new card, click “Add New Card.”

Bear in mind that there is a minimum and maximum amount that may be withdrawn. For EUR, you can withdraw only between 10,000 and 5,000 EUR to your bank account.

After clicking “Add New Card,” continue to the next step to discover how to add a new card.

Provide your credit card details.

How to Withdraw Money From Binance to Bank Account

After clicking “Add New Card,” the “Pay with card” pop-up window will open.

The field “name” should be auto-filled. Now you must input the details for your debit or credit card.

To begin, enter your card number in the area labeled “Card Number.” Following that, put the expiration date of your card in the “Expiry date” section.

Finally, in the “Security Code” area, enter your card’s security code (the three numbers on the back of your card).

Once you’ve entered all of your card information, click “Add card” to complete the process.

Carry out the security check

Binance cash out

You’ll be able to make the withdrawal once you’ve added a valid debit or credit card.

Bear in mind that a transaction fee will apply. The transaction charge is displayed in the “Amount” box.

There will be a 1% charge for “instant card withdrawals.”

To proceed with the withdrawal, click “Continue.”

Binance confirms withdrawal

After clicking “Continue,” the “Withdrawal Confirmation” pop-up window will appear.

The pop-up window will display the withdrawal details.

This contains the destination of the funds, the charge, the withdrawal amount, and the date on which the cash will be received.

To confirm the withdrawal, click “Confirm.”

How to Withdraw Money From Binance to Bank Account

After you confirm the withdrawal, a pop-up window titled “Security Verification” will appear.

You must complete the security verification procedure in order to finish the withdrawal process.

To begin, select “Send SMS” to have a six-digit code sent to your phone number.

Then, in the “SMS Verification Code” area, enter the 6-digit code.

If you’ve activated the Google authenticator, you’ll also need to input the six-digit Google verification code.

In the “Google verification code” area, enter the 6-digit Google verification code. Finally, click “Submit” to complete the security verification process.

Await for the completion of the withdrawal.

After you’ve provided the security verification, a pop-up window labeled “Order Submitted” will appear.

This indicates that your withdrawal request was submitted successfully!

For quick card withdrawals, the transaction will be completed within five minutes.

Other payment methods, such as SWIFT, may take up to four business days to reach your bank account.

However, if the network is congested, the process may take longer. You may see the status of your order by clicking on “View History.”

Alternatively, you may click on “Transaction History” on your fiat or spot wallet’s left sidebar.

Key Takeaway – (How to Withdraw Money From Binance to Bank Account)

To withdraw funds from Binance, you must first sell your cryptocurrency.

You may sell your cryptocurrencies on Binance by visiting this link: SELL BINANCE

Ensure that you sell the bitcoin for the local money. For instance, if you live in the United States, you must sell the Bitcoin for US dollars.

After that, you can withdraw money to your bank account.

FURTHER BINANCE ARTICLES:

How to Create a Binance Account The Best Way

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