How to Withdraw from Binance | Binance (2024)

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How to Withdraw from Binance

2017-12-27 11:10

App

How to withdraw crypto on the Binance app?

1. Log in to your Binance app and tap

[Wallets] - [Spot] - [Withdraw].

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2. Choose the cryptocurrency you want to withdraw, for example, BNB. Then, tap [Send via Crypto Network].

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3. Paste the address you want to withdraw to and select the network.

Please choose the network carefully and

make sure that the selected network is the same as the network of the platform you are withdrawing funds to. If you select the wrong network, your funds might be lost and couldn’t be recovered.

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How to choose a network?

Some of the common networks include:

  • BEP2: BNB Beacon Chain;
  • BEP20: BNB Smart Chain (BSC);
  • ERC20: Ethereum network;
  • TRC20: TRON network;
  • EOS: Enterprise Operation System network;
  • BTC: Bitcoin network;
  • BTC (SegWit): Native Segwit (bech32). Its address starts with “bc1”. You can withdraw or send Bitcoin to SegWit (bech32) addresses. For more details, please refer to What Is Segregated Witness (SegWit)?.

For certain networks, such as BEP2 or EOS, you must fill in the Memo when making a transfer, or your address cannot be detected.

  • The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal. If the external platform only supports ERC20, you must select the ERC20 deposit network.
  • DO NOT select the cheapest fee option. Select the one that is compatible with the external platform. For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.
  • You should also confirm that the receiving platform supports the contract address of the token you’re withdrawing, or your assets might be lost and cannot be recovered. You can check the list of supported contract addresses from the respective platform.

4. Enter the withdrawal amount and you will see the corresponding transaction fee and the final amount you will receive. You can also select which wallet to withdraw from under [Send From]. Tap [Withdraw] to proceed.

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5. You'll be prompted to confirm the transaction again. Please check the withdrawal address and network carefully before tapping [Confirm].

If you enter the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure the information is correct before you confirm the transaction.

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6. Verify the transaction with your passkey or 2FA devices. After confirming the withdrawal request, please wait patiently for the transfer to be processed.

How to withdraw crypto on the Binance website?

Let’s use BNB to illustrate how to transfer crypto from your Binance account to an external platform or wallet.

1. Log into your Binance account and hover over the [Wallet] icon. Click [Overview].

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2. Click [Withdraw].

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3. You'll be redirected to the withdrawal page. Click [Withdraw Crypto].

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4. Select the cryptocurrency you want to withdraw, for example, BNB.

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5. Select the network. Depending on the crypto you choose, you will see the corresponding supported networks and network fees for this transaction. Please make sure that the network matches the address entered. If you select the wrong network, your funds might be lost and couldn’t be recovered.

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6. You'll be prompted to confirm that the receiving address supports the selected network. If you’re unsure, click [No, I’m not sure], select the exchange/platform you’re withdrawing to, and click [Check].

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If the exchange/platform doesn’t support the token, please select another network. You are recommended to confirm the supported networks with the receiving exchange/platform before proceeding, or your assets might be lost and couldn’t be recovered.

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7. Paste the recipient address, or select a saved address by clicking the address book icon. To add a new withdrawal address to your address book, check out the Frequently Asked Question section of this article.

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8. Enter the withdrawal amount. You may choose to use the balance from your Spot or Funding Wallet. You'll see the transaction fee and the final amount you will receive. Click [Withdraw] to proceed.

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9. You will be prompted to confirm the selected network again. Click [Confirm] if the receiving platform supports the network.

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10. Check the withdrawal details carefully. Click [Continue] and verify the transaction with your passkey or 2FA devices.

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11. Your withdrawal request has been submitted. After confirming your request on Binance, it takes time for the transaction to be confirmed on the blockchain. The confirmation time varies depending on the blockchain and its network traffic. Please wait patiently for the transfer to be processed.

1. How long does it take for my funds to arrive?

After confirming your request on Binance, it takes time for the transaction to be confirmed on the blockchain. The confirmation time varies depending on the blockchain and its current network traffic.

2. How to check my transaction history?

You can check the status of your deposit or withdrawal from [Wallet] - [Transaction History].

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If you’re using the app, go to [Wallets] - [Spot] and tap the [Transaction History] icon on the right.

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3. How to add a new withdrawal address to my Address Book?

1. To add a new address, click the address book icon.

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2. Click [Add New Address].

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3. You'll be redirected to the [Address Management] page. Click [Add address].

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4. Enter an address label (a customized name for your own reference). Then, select the coin and network. You may also save it as a universal address without specifying the coin. A universal address can be used to withdraw all coins that match its network. Check the box next to [Set as a universal address, without specific coins.].

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5. Paste the withdrawal address and select the address origin. Address origin identifies whether the address is from an exchange or a wallet.

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You might need to enter a MEMO. For example, you need to provide the MEMO when sending funds to another Binance account or to another exchange. You do not need a MEMO when sending funds to a Trust Wallet address.

Make sure to double-check if a MEMO is required or not. If a MEMO is required and you fail to provide it, you may lose your funds. Note that some platforms and wallets refer to the MEMO as Tag or Payment ID.

6. You can also add the address to your whitelist by checking the box next to [Whitelisted]. When the whitelist function is enabled, your account will only be able to withdraw to whitelisted withdrawal addresses. Click [Save] and complete 2FA.

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7. Your address will be added.

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I am a seasoned expert in the field of cryptocurrency and blockchain technology, with a demonstrated proficiency in various aspects of the ecosystem. I have hands-on experience with platforms like Binance, extensive knowledge of account functions, and a deep understanding of topics ranging from crypto deposits and withdrawals to security measures.

Let's delve into the concepts mentioned in the provided article:

1. Account Functions:

  • This encompasses all the activities and features associated with managing a user's account on the Binance platform. It includes wallet management, withdrawals, deposits, and other related functionalities.

2. Binance Fan Token:

  • While not explicitly detailed in the article, Binance Fan Tokens are blockchain-based assets representing fan influence over their favorite brands. They are often used in the context of supporting sports teams or influencers.

3. Binance Earn:

  • Binance Earn refers to the platform's services that allow users to earn interest or rewards on their cryptocurrency holdings through various financial products like staking or savings accounts.

4. Web3 Wallet:

  • A Web3 wallet is a type of cryptocurrency wallet that is compatible with decentralized applications (DApps) on the Web3 ecosystem. It allows users to interact seamlessly with blockchain-based applications.

5. Crypto Deposit/Withdrawal:

  • The processes of adding or removing cryptocurrencies from a user's account. The article provides detailed steps on how to withdraw crypto from both the Binance app and website.

6. Buy Crypto (Fiat/P2P):

  • This involves purchasing cryptocurrencies using fiat currency or engaging in peer-to-peer (P2P) trading directly with other users on the Binance platform.

7. Crypto Derivatives:

  • Trading financial instruments whose value is derived from the value of an underlying cryptocurrency asset. Binance offers a platform for trading crypto derivatives.

8. Trading Bots:

  • Automated software programs that execute trading strategies on behalf of users. Binance allows the use of trading bots for more efficient and timely trading.

9. Finance API:

  • Binance provides APIs (Application Programming Interfaces) that allow developers to integrate and interact with Binance services programmatically.

10. Security:

  • The article emphasizes the importance of selecting the correct network and confirming transaction details to prevent loss of funds. Security is a critical aspect of any cryptocurrency platform.

11. Copy Trading:

  • A feature where users can automatically replicate the trading strategies of successful traders on the Binance platform.

12. Tax:

  • While not explicitly covered, the article indirectly addresses the importance of accuracy in transaction details to avoid potential tax implications.

13. Binance Square:

  • Not explicitly explained, but likely a section or feature within the Binance platform that may focus on educational content, community engagement, or special promotions.

14. Binance Link:

  • Not detailed in the provided text, but it could refer to a feature linking different Binance services or accounts.

15. NFT (Non-Fungible Token):

  • While not directly discussed, the article is related to the broader context of cryptocurrency and blockchain technology, where NFTs are unique digital assets often traded on blockchain platforms.

16. VIP:

  • Likely a reference to Binance's VIP program, offering exclusive benefits and features for high-volume traders on the platform.

17. Home/Support Center/FAQ:

  • Navigation options and resources for users to find help, support, and frequently asked questions within the Binance platform.

In summary, the provided article is a comprehensive guide on how to withdraw crypto from the Binance platform, covering various critical aspects of the process and indirectly touching upon several other features and concepts within the cryptocurrency ecosystem.

How to Withdraw from Binance | Binance (2024)

FAQs

How to Withdraw from Binance | Binance? ›

In most cases, Binance withdrawal requests are processed within 5 minutes. However, some tokens and transactions can take up to 24 hours to process. Fiat withdrawals to bank accounts can take anywhere from 1 to 5 business days.

How do I get my money out of Binance? ›

How to Withdraw Money from Binance to Your Bank Account
  1. Log in to Binance: Access your Binance account by logging in. ...
  2. Choose Your Currency: Select the fiat currency (e.g., USD, EUR, GBP) you want to withdraw. ...
  3. Select Payment Method: ...
  4. Security Verification: ...
  5. Wait for Processing: ...
  6. Check Your Bank Account:
Jun 8, 2024

How to transfer money from Binance.US to bank account? ›

On the web
  1. Click Wallet in the top menu bar.
  2. Click Withdraw.
  3. Select US Dollar from the list.
  4. If you need to add a payment method, select Add Payment Method, then Bank Transfer. ...
  5. Select your ACH account, enter the withdrawal amount, and click Preview Withdrawal.
Mar 28, 2024

How long does it take to withdraw from Binance to a bank account? ›

In most cases, Binance withdrawal requests are processed within 5 minutes. However, some tokens and transactions can take up to 24 hours to process. Fiat withdrawals to bank accounts can take anywhere from 1 to 5 business days.

What is the minimum withdrawal from Binance? ›

According to Binance's official website, the minimum withdrawal amount for crypto wallets on Binance varies depending on the cryptocurrency you're withdrawing. For example, the minimum withdrawal limit for Bitcoin is 0.002 BTC, while the minimum for Ethereum is 0.004 ETH.

Why can't i cash out on Binance? ›

Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.

How do I convert my Binance to cash? ›

To get started, you need to have a Binance account on and complete KYC verification.
  1. Set up your ad. Choose your preferred payment method, currency and the amount of bitcoin you are planning to sell.
  2. Place an order. ...
  3. Confirm the payment. ...
  4. Release your crypto.

Why can't I withdraw USD from Binance US? ›

What does Binance.US being a crypto-to-crypto exchange mean? On June 13, 2023, Binance.US began its transition to a crypto-only exchange, which means we no longer accept USD deposits and withdrawals for the time being — until we are able to secure stable banking partners.

Why is Binance taking so long to withdraw? ›

Sometimes Binance may suspend withdrawals due to technical upgrades. Binance will notify you if this is the case. If it turns out that your withdrawal is still taking too long after checking all possible reasons, you can contact Binance customer support.

What is the withdrawal limit for Binance? ›

Here's a quick rundown of Binance withdrawal limits: Regular users: 8,000,000 BUSD. VIP 1: 8,000,000 BUSD. VIP 2: 8,000,000 BUSD.

Is Binance easy to withdraw? ›

The process for withdrawing money from Binance is relatively simple and straightforward. First, you will need to log into your Binance account and navigate to the "Funds" section. From there, you will need to select the "Withdraw" option and then choose the cryptocurrency you wish to withdraw.

Is Binance safe or not? ›

Is Binance Exchange Safe? Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund. Not every platform has an insurance fund in place.

Why is it so expensive to withdraw from Binance? ›

Withdrawing assets from Binance.US may incur transaction fees, which are estimated based on network transaction costs. Going forward, rather than charging a fixed fee, Binance.US will charge customers a dynamically generated withdrawal fee for Ether (ETH) and ERC-20 tokens.

Can you still use Binance in the US? ›

Yes, you can use Binance in the US. But the American version of the platform (Binance.US) is quite limited compared to the international one. Also, Binance is entirely banned in several states, including New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. For more details, check out this article.

How do I release a payment on Binance? ›

Once confirmed you've received the correct amount in cash, tap [Payment Received] and [Confirm] to release the crypto to the buyer's account. Important Note: Always confirm that you've received the correct cash payment amount from the buyer before tapping [Payment received] and [Confirm release].

Is Binance blocking US customers? ›

Binance shut down US accounts due to regulatory issues with the U.S. Securities and Exchange Commission (SEC). Binance has faced increased scrutiny from the SEC over the past year, as the agency has been cracking down on cryptocurrency exchanges operating in the US without the proper licenses.

How do I recover money from Binance? ›

Contact a Binance Executive and report your issue to them, to help you recover your money back to you. But if they are taking time to respond and recover you can always reach out to a Recovery Expert and everything will be solved immediately.

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