How To Withdraw Money From Binance

In the dynamic realm of cryptocurrencies, given the many incidents with cryptocurrencies and crypto exchanges, it is clear that the safest approach is always keeping your funds, whether crypto or fiat, in your possession. That's why we understand the importance of effectively managing our holdings, especially when withdrawing funds from Binance and how to withdraw money from Binance.

But before withdrawing your cryptocurrencies or funds from Binance, remember to consider other factors such as fees, minimum withdrawal amounts, and processing times that can significantly impact your experience.

In this blog, we are going through a comprehensive step-by-step guide on how to get money from Binance account. I aim to ensure a seamless and secure transition of your assets.

Let's go!

HOW TO WITHDRAW MONEY FROM BINANCE APP

Way to withdraw money from Binance app

Open your Binance App and go to [Wallets] - [Spot] - [Withdraw].
Choose the specific cryptocurrency you intend to withdraw, such as BNB, and tap [Send via Crypto Network].
Paste the destination address where you wish to withdraw your funds and carefully select the appropriate network. It's paramount to ensure that the chosen network aligns with the platform you're transferring funds to. An incorrect network selection may result in irreversible loss of funds.
Enter the withdrawal amount, and the platform will display the associated transaction fee along with the final amount you'll receive. If you have funds in different wallets, you can choose the source by tapping [Spot & Funding Wallet]. To proceed, tap [Withdraw].
A confirmation prompt will appear, prompting you to review the transaction details attentively. Before proceeding, ensure all information is accurate. Errors in this stage may lead to permanent loss of assets. Once confirmed, tap [Confirm].
Finalize the transaction by verifying it using your Two-Factor Authentication (2FA) devices. After confirming the withdrawal request, exercise patience as the transfer undergoes processing.
Note: Precision is key throughout this process to prevent irreversible errors. Always double-check the details to safeguard your assets during the withdrawal process.

HOW TO WITHDRAW MONEY FROM BINANCE TO BANK ACCOUNT

Way to withdraw money from Binance to bank account

The decision to get money from a Binance account offers flexibility. You also can withdraw Money From Binance To Bank Account with your Bank Card (Visa or MasterCard).

This allows withdrawals with crypto or fiat money, with fiat money option that allows in over 30 currencies, encompassing major ones like the United States dollar, euro, pound sterling, Australian dollar, Russian ruble, Nigerian naira, and South African rand.

Start by logging into your account → Wallet → Fiat and Spot → Withdraw.
On the withdrawal page, choose your preferred withdrawal option, deciding between fiat and crypto.
Opt for Bank Card (Visa or MasterCard) or explore Other Payment Options, which are currency-specific options such as:
- Withdraw money from Binance to another wallet
- Withdraw money from Binance to to paypal

Note: withdrawals incur a 1.8% fee.

If using the bank card option, add a new card by providing details such as card number, expiration date, security code, and address. Once added, proceed with the withdrawal.
Add withdrawal information, specifying the amount and destination account. Confirm the accuracy of transaction details.
Enter your Security Verification Codes, received via SMS or email, to complete the verification process. Paste the codes and submit your withdrawal request.

BINANCE WITHDRAW FEES

Whether you're withdrawing fiat currencies or cryptocurrencies, Binance implements fees that vary based on factors like payment methods, VIP status, and blockchain networks. It's important to optimize your transactions and minimize costs and consider these things.

Binance withdrawal fees for crypto

Binance's withdrawal fees for fiat currencies vary based on factors such as the currency type, chosen payment method, and your VIP status.

For instance, withdrawing Euros via SEPA bank transfer incurs a fee of 0.80 EUR, while opting for USD withdrawals through SWIFT bank transfer comes with a fee of 1.00 USD.

It's essential to note that Binance imposes minimum withdrawal amounts for each fiat currency.

For EUR, the minimum is 10.00 EUR with SEPA bank transfers
For USD, it's a minimum of 50.00 USD with SWIFT bank transfers.

Binance withdrawal fees for fiat currency

Binance imposes withdrawal fees for cryptocurrencies to cover transaction costs, and these fees vary based on the blockchain network. Factors like network congestion influence the dynamic fees, making withdrawals for Ethereum differ from Bitcoin. Check Binance's official link for precise fees associated with each cryptocurrency and its blockchain network.

For instance, withdrawing 0.0000078 Bitcoin from the BNB Smart Chain (BEP20) network will cost approximately 0.0000039 Bitcoins, or around 0.12 USD. Always refer to Binance for the latest and specific fee details.

SOME TIPS WHEN TAKING OUT MONEY FROM BINANCE

After understanding how to withdraw money from binance with various options, these are some tips for you to minimize withdrawal fees.

Opt for a payment method with lower fees, such as SEPA instead of SWIFT.
If feasible, withdraw large amounts at once to reduce overall fees.
Explore third-party services, as they might offer lower fees compared to Binance.

CONCLUSION

Follow these essential steps to seamlessly transfer your funds from Binance to your bank account. Keep in mind that selling your cryptocurrencies precedes the withdrawal process.

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FAQs: Additional Information on How to Withdraw Money From Binance

How to withdraw money from binance to paypal?

Log in to your Binance account.
Navigate to the "Wallet" section and select "Fiat and Spot."
Click on "Withdraw" next to the currency you want to withdraw.
Choose PayPal as the withdrawal method.
Enter the withdrawal amount and follow the on-screen instructions to complete the transaction.

How to withdraw money from Binance to mobile money?

Log in to your Binance account.
Go to the "Wallet" section and select "Fiat and Spot."
Click on "Withdraw" for the desired currency.
Choose the mobile money withdrawal option.
Enter the withdrawal amount and provide the necessary details.
Complete the transaction as instructed.

**How to withdraw money from Binance to another wallet?

Log in to your Binance account.
Access the "Wallet" section and choose "Fiat and Spot."
Click on "Withdraw" for the currency you wish to withdraw.
Select "External Wallet" or the specific wallet address option.
Enter the withdrawal amount and the destination wallet address.
Follow the prompts to confirm and finalize the withdrawal.