How to Withdraw Money From Binance: A-Step-By-Step Guide

You’ve just hit the jackpot with your trade on Binance, and now, you’re ready to cash out! Or maybe you want to keep your crypto profits safe for the future. No matter your goal, you're in the right place! I've compiled a step-by-step guide on how to withdraw money from Binance tailored just for you.

Here’s a little spoiler: the process is really simple, and I’ll walk you through each step as well as share some handy tips to make withdrawing money from Binance to your bank account or crypto wallet straightforward.

So, let’s jump right in—don’t let your gains float around for too long!

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How to Withdraw Money From Binance to Your Bank Account

When it comes to figuring out how to withdraw money from Binance, the platform simplifies the whole process with its built-in "Buy & Sell" feature. This handy tool allows you to sell your crypto assets and quickly cash them out as fiat currency, transferring the funds to your chosen bank account with ease.

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As of writing, this service supports over 100 fiat currencies, including USD, EUR, CNY, AUD, and IDR, and offers more than 700 payment methods worldwide, providing plenty of flexibility no matter where you are.

Plus, you can access Binance easily from both your computer and mobile device, making it convenient to withdraw your funds. In this section, I’ll guide you through how to withdraw money from Binance to your bank account using both interfaces so you can choose whichever is most convenient for you.

Using a Web Browser

If you’ve been using Binance for a while, you probably agree that its intuitive design makes navigating the platform on a computer a breeze. Whether you're trading crypto, staking, or even trying your hand at margin trading, the platform makes all feel like a walk in the park.

And when it comes to figuring out how to withdraw money from Binance to a bank account? It’s just as straightforward! Let me break the process down step by step:

Step 1: Start by logging into your Binance account. Once you're in, go to the [Buy Crypto] section and choose the [Sell] tab.

Step 2: Next up, decide which coins you’d like to cash out. Choose the digital asset from your account from the dropdown and specify how much you want to sell by entering the amount in the provided column.

Step 3: Now, pick the fiat currency you wish to receive in your bank account from the dropdown. Binance supports many major currencies, so choose the one that suits you best.

Step 4: Here, select your preferred method for the transaction. Make sure to designate your bank account or online banking (it might be different based on your fiat currency) to receive the funds, and then click [Confirm].

Step 5: Lastly, click on [Sell] to wrap up your transaction. The platform will handle the conversion from crypto to regular money, and you’re almost done! Just follow any extra confirmation, and your Binance fiat withdrawal will be processed.

And that’s it! Once you’ve completed these steps, your transaction will be on its way.

Now that you know how to withdraw money from Binance to your bank account using a web browser, there’s no need to rush to check your bank balance. Withdrawal times can vary, so it might take a little while for the funds to show up.

In the meantime, you can easily track the status of your withdrawal by visiting the [View History] section to check on your order whenever you like.

Using a Mobile Phone

Imagine you’re on vacation in Japan, taking in the sights from a bustling train. At some point, you decide to check the crypto market, and suddenly, your heart drops—there’s significant turmoil in the market!

You know you need to sell your coins right away, and you're thinking about how to cash out of Binance in this situation!

Fortunately, Binance has your back with its handy mobile app that you can easily download and set up. Using the "Buy & Sell" feature, you can withdraw your money directly from your phone, and the process is really user-friendly. As long as you have an internet connection, you can quickly figure out how to cash out of Binance using your Android or iOS device. Just follow these steps:

Step 1: First things first, open the Binance app on your mobile phone. Once you’re logged in, tap the [Trade] option in the main dashboard and select [Sell].

Step 2: Next, scroll through your crypto assets and select the coins you want to cash out. Enter the number you wish to sell, or use the percentage button to make the process faster. After you decide, proceed by tapping the [Select Receive Method].

Step 3: Now, pick the fiat currency you want in your bank account. Whether it’s USD, EUR, CNY, or another option, the app makes it a breeze with just a couple of taps. Just make sure to double-check your selection so your funds land safely in the right currency.

Step 4: Choose your bank account as the recipient and ensure all details are accurate.

Step 5: Confirm and complete the transaction.

Now that you’ve successfully learned how to withdraw money from Binance to your bank account using your mobile phone, you can enjoy your vacations without worrying about finding an internet café for your transactions. If the market drops unexpectedly again, you can manage everything right from your smartphone, wherever you are.

How to Transfer Cryptocurrency From Binance to a Hardware Wallet

If you've gained some nice profits from your crypto trading, and instead of cashing out to fiat, you're debating on holding the assets for the long haul. Naturally, your next steps will be to learn how to withdraw money from Binance to a secure wallet.

And when it comes to keeping your crypto safe for months or even years, transferring it to a hardware wallet is the way to go. While Binance has solid security measures and a good reputation, a hardware wallet offers that extra peace of mind. These wallets store your private keys offline, protecting them from online threats like hacking and malware.^[1]

Now, when talking about top-notch hardware wallets, two names always come up: Ledger Nano X and Trezor Safe 5. Both are highly regarded for their security features and are ideal for safe-keeping your digital assets.

Ledger Nano X

Ledger Nano X is the go-to choice if you're looking for state-of-the-art security and versatility. As one of the leading hardware wallets out there, it supports over 5,000 coins, lets you manage your assets right from your mobile device, and boasts a more user-friendly design compared to its predecessor.

Before I show you how to withdraw funds from Binance and transfer them to the wallet, make sure you have the Ledger Live app installed on your PC and that your Ledger Nano X is set up and ready to go.

Step 1: First, head over to Binance and log in.

Step 2: Once you’re in, hover over the menu at the top and select [Wallet], click on [Spot], and select [Withdraw].

Step 3: Choose the coin you wish to transfer, select the correct network, and leave the [Recipient's Address] empty for now.

Step 4: Next, open the Ledger Live app. Navigate to the left sidebar and click on [Receive].

Step 5: From the list, select the same cryptocurrency and network you picked on Binance, then hit [Continue].

Step 6: Connect your Ledger Nano X to your PC and unlock it.

Step 7: Confirm that the address displayed on your Ledger device matches what you see in Ledger Live. Click [Copy Address] to have it ready for pasting back into Binance.

Step 8: Return to the Binance withdrawal page and paste the address you just copied into the [Recipient's Address] box.

Step 9: Enter the number and click [Withdraw].

And that's a wrap! By knowing how to withdraw money from Binance to the secure Ledger Nano X, you've mastered one of the smartest ways to safeguard your digital holdings for the long term.

Trezor Safe 5

Another trustworthy device for protecting your digital assets is the Trezor Safe 5. Known for its high-quality security, this cold hardware wallet features a certified secure element chip designed specifically to resist brute-force attacks.

On top of that, this unique device comes equipped with a color touchscreen and tactile feedback, enhancing the overall user experience.

Now, before I walk you through the steps on how to withdraw funds from Binance to the Trezor Safe 5, make sure you have the Trezor Suite app installed on your PC and that your device is fully set up and ready.

Step 1: First, connect your Trezor Safe 5 to your PC and open the Trezor Suite application.

Step 2: After unlocking your device, navigate to the left column of the application, select the account where you want to receive your coins, and click [Receive] to proceed.

Step 3: Click [Show full address] to display your deposit address. Copy the address and verify the confirmation pops up on your device.

Step 4: Log in to your Binance account, hover over the [Wallet] icon in the top menu, select [Spot], and click [Withdraw].

Step 5: From the dropdown menu, select the coin you wish to transfer to your wallet. Ensure it matches what you set up in Trezor Suite.

Step 6: In the [Recipient's Address] box, paste the address you copied from Trezor Suite. Be sure to choose the correct network supported by both Binance and Trezor.

Step 7: Enter the number of the coins you want to transfer, click [Withdraw], and complete the transactions.

You’ve successfully initiated the transfer! You can now click [View Details] to track the transaction’s progress.

Note that Binance withdrawal times for transferring your crypto to a hardware wallet like the Ledger Nano X or Trezor Safe 5 are significantly faster compared to your bank account. This is because it only involves blockchain transactions, without the added delays of bank processing times involved in Binance fiat withdrawals, which I’ll discuss in more detail in the next section!

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Binance Withdrawal Time and Fees

Now that you’ve got the hang of how to withdraw money from Binance—whether to your bank account for easy spending or to a hardware wallet for long-term storage—it’s important to understand the details of how long it takes for your funds to arrive and what fees are involved in the process.

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Withdrawal Duration

When moving your asset to an external wallet, Binance will process your transfer as soon as you make the request. However, the actual Binance withdrawal time for the funds to appear in your hardware wallet depends on how quickly the blockchain confirms the transaction.^[2]

For example, Bitcoin transfers can take anywhere from 10 to 30 minutes to confirm. On the other hand, Binance Smart Chain transactions usually take just a few minutes. If you're withdrawing on Ethereum Mainnet, you can expect the process to range typically from 15 seconds to 5 minutes.

During periods of high network traffic, these times can stretch even longer. That being said, you can choose to speed up your transaction by paying a higher gas fee, which will prioritize your crypto transfer for faster confirmation in case you're in a hurry.

Also, Binance withdrawal time to your bank account isn’t just affected by the time it takes for the crypto transaction on the blockchain—it also includes the time for transferring the funds from the platform to your bank. The overall timing can vary depending on the withdrawal method and your bank’s processing duration.

For example, some methods, like SEPA transfers, only happen on business days. If you request a withdrawal over the weekend, it could take anywhere from 1 to 3 business days for the money to show up in your account.

In general, you can expect a Binance withdrawal time of about 1 to 5 business days for your funds to arrive in your bank account.

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Related Fees

The famous exchange platform does charge a withdrawal fee to cover processing costs, which is important to keep in mind if you're looking into how to withdraw money from Binance to your bank account or a hardware wallet.

If you want to take out your crypto, you'll encounter a flat fee that covers the transaction costs of transferring assets out of your account. These fees are influenced by the blockchain network and can change without notice due to things like network congestion.

For example, if you're cashing out Tether using the BNB Smart Chain, you won't have to pay any withdrawal fee. However, if you're using the Ethereum Mainnet, there’s a flat charge of 5 USDT. For Bitcoin withdrawals via the Lightning Network, the fee is 0.000001 BTC.

In addition, if you’re holding Polygon, the minimum withdrawal amount is 20 POL if you're using Polygon POS and 10 POL if you're using Ethereum Mainnet.

So make sure to always check Binance’s fee rates and minimum withdrawal amounts for your specific coin before you choose to transfer your assets to avoid any surprises!

For Binance fiat withdrawals, the additional costs also depend on the currency and payment method you choose. For example, cashing out Euros via SEPA bank transfer incurs a flat fee of 1 EUR, while opting for SEPA Open Banking results in a charge of 0.12%.

Lastly, especially if you're figuring out how to withdraw money from Binance in large sums, be aware the platform has a daily limit based on your VIP level. Regular users can take out up to 8,000,000 USDT in a day, while higher-tier VIP users can cash out of up to 96,000,000 USDT.

Table: Binance withdrawal tier-based limits.

Basically, your VIP levels are mainly determined by your trading volume and how much BNB you hold. For more details, you can visit the Binance VIP program page.

How to Withdraw Money From Binance Safely: Essential Tips

Now that you’ve got a good handle on the duration and fees, there’s one final step to mastering how to withdraw money from Binance fully: ensuring your asset security.

Protecting your holdings is always crucial, as even secure platforms like Binance can be vulnerable if you neglect the proper security practices. After all, learning how to get money out of Binance is pointless if your account is compromised or you can’t access it due to a security breach.

To help you avoid such mishaps, here are some essential tips to keep your fund secure:

Tips 1: Use Strong Passwords and Enable 2FA

To keep your Binance account safe, one of the simplest yet most important things you can do is create a strong, unique password. This means using a mix of capital and small letters, numbers, and special symbols.

It’s also important not to use the same password for different websites. While it might seem easier to do so, if one of those sites gets hacked, your other accounts could be at risk, too.

Another key step is to turn on 2FA to add an extra layer of security. Binance has its own app, Binance Authenticator, which helps you receive security codes.

This app can be a secure alternative to Google Authenticator. If your Google account is ever compromised, all your one-time codes—including those for your Binance account—could be exposed.

In contrast, Binance Authenticator securely stores all your information locally on your device, minimizing the risk associated with cloud-based solutions. It’s a good idea to try the app so you can become more confident in how to get money out of Binance safely.

Tips 2: Steer Clear of Public Wi-Fi

When using Binance to make transactions, you should avoid public Wi-Fi connections like those in restaurants, shops, public transit, or airports. These networks are often unsecured, making it easy for hackers to access your personal information and wallet details.

Instead, wait until you're connected to a secure Wi-Fi network in your house before making any transactions.

You might also consider using a VPN to help you figure out how to get money out of Binance to your bank account more safely. A VPN encrypts all data that travels between your device and the internet,^[3] making it much harder for hackers or third parties to intercept or access your sensitive information.

Tips 3: Keep Tabs on Your Account Activity

It's also important to regularly check your account activity, especially your transaction history. If you're following this "How to take money out of Binance" guide, you’ll notice that the platform keeps a clear record of all your actions.

The interface is designed to make it easy to spot any unusual activity, such as logins you didn’t make, changes you didn’t request, or strange transactions. This makes it simple to keep track of any suspicious behavior that could pose a threat to your asset security.

Additionally, Binance lets you set up notifications. If anything unusual happens, you’ll get an alert via email, text message, or app notifications. This way, you’ll know immediately if someone tries to access your funds without your consent.

Tips 4: Protect Yourself from Scams and Phishing Attacks

When taking money out of Binance, it’s important to be careful and watch out for scams. Fraudsters often try to trick people into giving away personal information or clicking on malicious links by pretending to be part of various exchange platforms.

For instance, you might receive an email claiming there’s a problem with your transaction, urging you to click a link to fix the issue immediately or risk losing your money.

If you see something like this in your inbox, stay calm. First, check your transaction history to see if there really is a problem. Then, look closely at the email for signs that it might be fake, such as generic greetings, poor spelling, or links that don’t lead to the official Binance website.

Always be cautious about messages that unexpectedly ask for your personal information or direct you to click on strange links. It’s better to be a bit skeptical than to risk downloading malware or ransomware that could compromise your entire digital assets.

Tips 5: Take Immediate Action if You Notice Suspicious Activity

If you're checking your account history and notice something off—like someone logging in without your permission, odd transactions, or changes to your email, password, or withdrawal details—it’s very important to act right away!

You can quickly stop anyone from accessing your account by temporarily disabling it on the Binance website or app. Just go to your account settings, find the "Security" tab, and select the option to disable your account.

After that, make sure to contact Binance’s customer support to let them know what happened and get help to secure your assets.

Remember, at the end of the day, the responsibility to keep your assets safe rests in your hands. If your account is compromised, you could lose funds permanently. That’s why it’s essential to follow these security tips when learning how to withdraw money from Binance to reduce any security risks and protect your hard-earned assets.

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Conclusions

Well done! You’ve now mastered how to withdraw money from Binance, whether it’s for transferring funds to your bank account for everyday use or storing your crypto in a secure hardware wallet for long-term safekeeping.

The challenge you may face now is ensuring security when dealing with your holdings. Beyond the tips I’ve shared, you can always turn to BitDegree tutorials for more in-depth discussions on security practices in the crypto world.

Now that you’re fully equipped with the knowledge and tools to make safe withdrawals from Binance, you can now navigate the exhilarating landscape of crypto with more confidence!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. D. Klinec, V. Matyas: 'Privacy-friendly Monero transaction signing on a hardware wallet';

2. S. Ahamad, P. Gupta, P. B. Acharjee et al.: 'The role of block chain technology and Internet of Things (IoT) to protect financial transactions in crypto currency market';

3. P. J. Ezra, S. Misra, A. Agrawal et al.: 'Secured communication using virtual private network (VPN)'.