How to withdraw cash on Binance?
The process of withdrawing funds on Binance depends on whether you want to withdraw cryptocurrency or fiat. Cryptocurrencies can refer to a variety of blockchains, so care must be taken to choose the right blockchain.
The time it takes to withdraw funds varies depending on the method of use. Each blockchain requires users to complete a certain number of confirmations before the withdrawn cryptocurrency is credited. You can check the transaction status using the corresponding blockchain browser.
Binance sometimes suspends withdrawal services due to technical upgrades. Binance will send notifications before technical upgrades. After checking all potential reasons, if the withdrawal time is still too long, please contact Binance customer service.
Introduction
To transfer funds in your Binance account, you must go through the withdrawal process. The exact process varies depending on the blockchain and whether to withdraw cryptocurrency or fiat. The overall process is very simple, but every step must be done with care to avoid accidental loss of funds.
Go to Binance Official Website
How to withdraw cryptocurrency from Binance
In the example below, we will withdraw Binance Coin to Trust Wallet and demonstrate the detailed steps.
1. Log in to your personal Binance account. After successful login, move the mouse to [Wallet] and click [Fiat and Spot].
2. Click [Withdrawal].
3. Click the [Cryptocurrency] tab and select the cryptocurrency to be withdrawn.
![Click the [Cryptocurrency] tab and select the cryptocurrency to be withdrawn.](https://mobie.io/wp-content/uploads/2022/07/Click-the-Cryptocurrency-tab-and-select-the-cryptocurrency-to-be-withdrawn..png)
4. If the cryptocurrency is issued on multiple network platforms, please select the platform to withdraw funds from.
For example, Binance Coin is issued as a BEP-2 token on Binance Chain and as a BEP-20 token on Binance Smart Chain (BSC) . Therefore, to withdraw to a BEP-2 wallet address, please select the BEP-2 option. This step must be done with extreme care! If you choose the wrong address, your cryptocurrency assets may be lost.
5. Click on Binance Coin in Trust Wallet.
6. Click [Receive].
7. Copy the Binance Coin address.
8. Paste it into the [BNB address of the payee] in the Binance Withdrawal page. If everything is OK, click [Submit].
9. Click [Send Code] and enter the six-digit code received via email.
![9. Click [Send Code] and enter the six-digit code received via email.](https://mobie.io/wp-content/uploads/2022/07/9.-Click-Send-Code-and-enter-the-six-digit-code-received-via-email..png)
10. Enter the two-factor authentication (2FA) code. If everything is OK, click [Submit]. You will see the withdrawal in your transaction history.
How to withdraw fiat from Binance
Binance supports more than 60 fiat currencies and many different payment methods.
1. Log in to your personal Binance account. After successful login, move the mouse to [Wallet] and click [Fiat and Spot].
2. Click [Withdrawal].
3. Select the [Fiat Currency] tab.
![fiat withdrawal 3. Select the [Fiat Currency] tab.](https://mobie.io/wp-content/uploads/2022/07/fiat-withdrawal-3.-Select-the-Fiat-Currency-tab..png)
4. Select the fiat currency to be withdrawn and the payment method. Payment method options depend on the selected currency and region.
5. Enter the required details and follow the instructions.
6. Enter the verification code to confirm the withdrawal.
What are cryptocurrency withdrawal fees?
Withdrawing cryptocurrencies from a Binance account incurs fees that cover network transaction costs. For example, after a user requests a Binance Coin or Ether (ETH) withdrawal, Binance will send the cryptocurrency to a different cryptocurrency wallet on the blockchain.
In other words, all transactions performed by users on Binance Smart Chain , Binance Chain or Ethereum require gas fees to be paid to miners. Binance will pass on the cost of this transaction fee to users.
Each blockchain has its own fee schedule, and the withdrawal fees for different cryptocurrencies vary. Withdrawal fees also change dynamically based on network activity. The best way to see the exact withdrawal fee is to visit the withdrawal page.
What is the minimum withdrawal amount on Binance?
Each cryptocurrency has a minimum withdrawal amount. The withdrawal amount must not be less than the amount specified on the withdrawal page. You can see a list of all minimum amounts and withdrawal fees on our Deposit and Withdrawal Fees page.
Go to Binance’s Official Website
How long does it take to withdraw money on Binance?
Binance will process withdrawals as quickly as possible based on user requests, but the time to confirm transactions varies across blockchains. Bitcoin (BTC) takes an average of 10 to 30 minutes to confirm a withdrawal. Binance Smart Chain withdrawals usually only take a few minutes, while Ethereum withdrawals take slightly longer. The more congested network traffic is, the longer the wait time will be.
Why are Binance withdrawals being processed?
Your transaction may remain pending because the blockchain is still confirming or the network is congested. As mentioned earlier, some blockchains require more network confirmations than others. During peak traffic times, transactions may take longer than expected.
Why can’t I withdraw from Binance?
There are many reasons why you cannot withdraw from Binance. First, Binance suspends withdrawals for 24 hours if the password has recently been changed or SMS/Google authentication has been disabled. If you reset SMS/Google Authentication completely, the withdrawal service will be suspended for 48 hours.
If Binance detects an abnormality in the account, the withdrawal function will be suspended again. This is to protect the account and funds. In addition, Binance occasionally conducts system upgrades, and withdrawals will be suspended until the upgrade is complete.
After withdrawing from Binance, what should I do if it fails to arrive?
If it is found that the blockchain is not congested, but the withdrawal has not yet arrived, please contact Binance customer service for further assistance. It takes days to withdraw fiat to a bank account.
Binance’s cryptocurrency withdrawal process is very simple and generally doesn’t cause problems. Whether withdrawing fiat or transferring cryptocurrency, all the information you need is displayed on the withdrawal page. If you encounter issues, please check your email to see if Binance has suspended withdrawals. You can also visit the blockchain browser to see network congestion. In short, patience is the key. All problems are usually temporary and will be resolved soon. If there are still issues to be resolved, the Binance support team will be happy to assist you.
Go to Binance Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
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April 24, 2024
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