Withdrawing money from Binance to your bank account is easy for most countries.
The exchange supports over 60 fiat currencies and several payment methods.
The fiat currencies include USD, EUR, AUD, JPY, CAD, and many others.
The payment methods depend on your country or region.
In most countries and regions, you’ll be able to use the “Instant card withdrawals” payment method.
The “Instant card withdrawals” method allows you to instantly withdraw money from your fiat wallets to your debit or credit card.
You can do this as long as you have “Visa Fast Funds (Visa Direct)” enabled.
If you don’t have a Binance account, you can create one using this referral link: https://www.binance.com/en/register?ref=73583477.
In this guide, you’ll learn how to withdraw money from Binance to your bank account and how long it takes.
How to withdraw money from Binance to bank account
To withdraw money from Binance to your bank account, you need to go to your fiat and spot wallet.
Next, click on withdraw, select the currency, payment method, and withdrawal information.
Lastly, add a card, complete the security verification, and wait for the withdrawal to complete.
For instant card withdrawals, the withdrawal will be processed in 5 minutes.
For other payment methods like SWIFT, it can take 1 to 4 business days.
It can take longer due to network congestion.
However, if there is an ongoing system upgrade, you won’t be able to make withdrawals on the exchange.
This is because withdrawals will be temporarily suspended when there is a system upgrade.
You can follow @BinanceHelpDesk on Twitter to stay updated on system upgrades.
Here are 6 steps to withdraw money from Binance to your bank account:
- Go to your fiat and spot wallet
- Click on “Withdraw”
- Select currency, payment method, and withdrawal info
- Enter your card information
- Complete the security verification
- Wait for the withdrawal to complete
1. Go to your fiat and spot wallet
The first step is to navigate to your fiat and spot wallet on Binance.
Firstly, go to binance.com and log in to your account.
You can also use the Binance mobile app for this.
For the purpose of this guide, we’ll be using the desktop version of Binance instead.
Once you’ve on Binance, click on “Wallet” on the top navigation bar.
This will open a navigation drawer containing several options.
The options include “Overview”, “Fiat and Spot”, “Margin”, and others.
Click on “Fiat and Spot” to go to your fiat and spot wallet.
2. Click on “Withdraw”
After you’ve clicked on “Fiat and Spot”, you’ll land on your fiat and spot wallet.
Now, you need to navigate to the withdrawal page.
Next to the “Fiat and Spot” header, you’ll see a “Withdraw” button.
Click on “Withdraw” to go to the withdrawal page of Binance.
Keep in mind that if you don’t have a fiat currency, you won’t be able to withdraw money to your bank account.
If you don’t have a fiat currency, you need to sell your cryptocurrencies on Binance first.
3. Select currency, payment method, and withdrawal info
After you’ve clicked on “Withdraw”, you’ll land on the withdrawal page of Binance.
Now, you need to select the currency, payment method, and withdrawal information.
In this guide, we’ll use the “Bank Card” payment method (also known as an instant card withdrawal).
If this is your first time making a withdrawal, you need to add a new card.
Here’s how to add a new card:
- Select the currency that you want to withdraw in the “Currency” field (e.g. EUR).
- Select the payment method that you want to use (in this guide, we’ll use the “Bank card” payment method).
- Enter the amount of money that you want to withdraw in the “Amount” field (e.g. 100 EUR).
- Click on “Add New Card” to add a new card.
Keep in mind that there is a minimum and maximum withdrawal.
For EUR, you can only withdraw 10-5,000 EUR to your bank account.
After you’ve clicked on “Add New Card”, proceed to the next step to learn how to add a new card.
4. Enter your card information
After you’ve clicked on “Add New Card”, the “Pay with card” pop-up will open.
The “name” field should be auto-populated.
Now, you need to enter your debit or credit card information.
Firstly, enter your card number in the “Card Number” field.
Next, enter your card’s expiry date in the “Expiry date” field.
Lastly, enter your card’s security code (the three numbers at the back of your card) in the “Security Code” field.
Once you’re done entering your card information, click on “Add card” to add your card.
5. Complete the security verification
After you’ve added a valid debit or credit card, you’ll be able to make the withdrawal.
Keep in mind that there will be a transaction fee.
You can view the transaction fee under the “Amount” field.
For “Instant card withdrawals”, there will be a 1% fee.
Click on “Continue” to proceed with the withdrawal.
After you’ve clicked on “Continue”, the “Withdrawal Confirmation” pop-up will open.
In the pop-up, you’ll see the withdrawal information.
This includes where the money will go, the fee, the withdrawal amount, and when your funds will arrive.
Click on “Confirm” to confirm the withdrawal.
After you’ve confirmed the withdrawal, the “Security Verification” pop-up will open.
To complete the withdrawal process, you need to complete the security verification.
Firstly, click on “Send SMS” to send a 6-digit code to your phone number.
Next, enter the 6-digit code in the “SMS Verification Code” field.
If you’ve enabled the Google authenticator, you need to enter the 6-digit Google verification code as well.
Enter the 6-digit Google verification code in the “Google verification code” field.
Lastly, click on “Submit” to submit the security verification.
6. Wait for the withdrawal to complete
After you’ve submitted the security verification, the “Order Submitted” pop-up will open.
This means that you’ve successfully submitted a withdrawal request!
For instant card withdrawals, the withdrawal will be processed in 5 minutes.
For other payment methods like SWIFT, it can take 1 to 4 business days for your money to arrive in your bank account.
However, if there is network congestion, it may take longer to complete.
You can check the order status by clicking on “View History”.
Alternatively, you can click on “Transaction History” on the left sidebar of your fiat and spot wallet.
Conclusion
Before you can withdraw money from Binance, you need to sell your cryptocurrencies.
You can sell your cryptocurrencies using this link: https://www.binance.com/en/buy-sell-crypto?type=SELL.
Make sure to sell the cryptocurrency in exchange for your own country’s currency.
For example, if you live in the US, you need to sell the cryptocurrency in USD.
Then, you’ll be able to withdraw it to your bank account.
Further reading
How to Create a Binance Account
