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Withdrawing Crypto and Cash From Binance to Bank Account: Instructions Explained

Withdrawing from Binance Step-by-Step: Unearthing Their Withdrawal Fees, Limits, and Reasons Behind Occasional Non-Withdrawals on This Digital Asset Platform

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Guide unravels the process of Binance withdrawal, delves into its fee structure and withdrawal...
Guide unravels the process of Binance withdrawal, delves into its fee structure and withdrawal limits, and scrutinizes reasons why some users may encounter difficulties in making withdrawals from this digital currency platform.

Withdrawing Crypto and Cash From Binance to Bank Account: Instructions Explained

Withdrawing your funds from Binance, either crypto or fiat, is a straightforward process. Let's break it down so you can easily navigate your way to getting your coins out.

Howdy Partner, Let's Crack This

First, log into your Binance account, no matter if you're on the website or app. Navigate to the "Wallet" section by clicking the wallet icon at the top right corner. If you're withdrawing fiat, you'll need to sell your crypto first. Go to the "Buy Crypto" corner (top right) and hit "Buy & Sell". Swap your chosen crypto to your desired fiat currency.

Now, if you want to withdraw fiat to your bank account, pick bank transfer as your receiving method. Add your bank details (account and routing numbers), enter your desired amount, and confirm with your two-factor authentication code if needed.

For crypto withdrawals, trip back to the "Wallet" and click "Withdraw". Select the crypto you want to withdraw and enter the wallet address (e.g., if you're sending it to Coinbase, use your Coinbase deposit address). Pick the crypto network and confirm. Make sure the deposit address on Coinbase matches the withdrawal address on Binance. Crypto withdrawals usually take 10-30 minutes, depending on the blockchain network congestion.

Withdraw USDT to the Bank

To withdraw USDT from Binance to your bank account, go to the "Buy Crypto" section and select "Buy & Sell". Now, choose USDT as currency and bank account as the payment method. Enter the amount you want to sell and check your bank details, then proceed with the transaction.

Haulin' out Crypto from Binance

To withdraw crypto from Binance, go to the "Wallet" section, click the "withdraw" button, select the crypto and network, enter the withdrawal address, and initiate the withdrawal process.

Binance.US to the Bank Account

To withdraw from Binance.US to a US bank account, connect your bank account (ACH), select USD, and start the withdrawal process.

Coinbase, Here I Come!

To withdraw funds from Binance to Coinbase, copy the Coinbase wallet deposit address and transfer crypto from Binance to that wallet address.

Timeframe for Binance Withdrawals

Binance crypto withdrawals take a few minutes to an hour based on the cryptocurrency and the blockchain network you're using. Fiat withdrawals take 1-5 business days, depending on your bank and method.

Can't Seem to Withdraw?

You may not be able to withdraw from Binance if your account isn't fully verified, network confirmations are still pending, Binance is undergoing maintenance, your account doesn't have enough funds, or the withdrawal method isn't supported in your area.

Confirmin' Ya Withdrawal Success

To verify if your withdrawal from Binance is successful, log in to your account, go to the "Wallet" area, then click on "Transaction History" and look for the status "Completed". Use a block explorer like Etherscan or BscScan to check the transaction's status using the Transaction ID (TxID).

What's the Binance Withdrawal Fee?

The Binance withdrawal fee depends on the cryptocurrency and withdrawal method. For instance, BTC withdrawal fee in BNB Chain costs around $0.60, while it's $2.75 on the Bitcoin network. For fiat withdrawals, Binance offers free ACH withdrawals for USD in the US, but wire transfers generally cost $25.

Interested in a 10% trading fee discount and a $100 crypto sign-up bonus? Use our Binance referral code during sign-up!

Binance Withdrawal Limit

Binance limits depend on your account level and verification status. For standard users, you can withdraw up to 8,000,000 BUSD daily, while US citizens with KYC can withdraw $1,000,000 daily via wire transfers.

Key Tidbits:

  • Binance withdrawal limits are based on your account level and verification status.
  • Crypto withdrawal fees vary depending on the network used.
  • Fiat withdrawal fees can be found in the documentation but may be minimal or charged by the bank.
  1. In the "Wallet" section of Binance, select the crypto you want to withdraw and enter the wallet address, ensuring it matches the wallet on the receiving platform, such as Coinbase.
  2. navigator use kyc verification for withdrawing fiat currency, either to their bank account or another digital wallet, by supplying necessary bank details and confirming with two-factor authentication.
  3. Investors looking to buy different digital assets can take advantage of the 'Buy Crypto' feature on Binance, swapping crypto for fiat currency as needed.
  4. Withdrawals of USDT (Tether) can be made from Binance to a bank account, by using the 'Buy & Sell' feature to sell USDT for fiat currency, with the appropriate bank details selected.
  5. In case of any issues with withdrawing funds from Binance, it may be due to account verification issues, network confirmations, Binance maintenance, insufficient funds, or unsupported withdrawal methods in the user's location.
  6. The Binance withdrawal fees for various cryptocurrencies and withdrawal methods, including the Bitcoin network and BNB Chain, can be found in the Binance documentation, with fiat withdrawal fees potentially being minimal or charged by the user's bank.

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