Key Takeaways
- Knowing how to withdraw money from Binance to a bank account is important if you want to convert your crypto into real money for everyday use;
- However, if you’re not planning to cash out and prefer long-term storage for your coins, moving it to a hardware wallet can be a better alternative in terms of security;
- Binance provides useful features for safe and hassle-free asset withdrawals, but it’s also important to stay vigilant and follow security best practices on your end.
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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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Table of Contents
- 1. How to Withdraw Money From Binance to Your Bank Account
- 1.1. Using a Web Browser
- 1.2. Using a Mobile Phone
- 2. How to Transfer Cryptocurrency From Binance to a Hardware Wallet
- 2.1. How to Transfer Crypto from Binance to Ledger Flex
- 2.2. How to Transfer Crypto from Binance to Trezor Safe 5
- 3. Binance Withdrawal Time and Fees
- 3.1. Withdrawal Duration
- 3.2. Related Fees
- 3.3. Binance Withdrawal Limits
- 4. How to Withdraw Money From Binance Safely: Essential Tips
- 5. Conclusions
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 125 fiat currencies, including USD, EUR, CNY, AUD, and IDR, and offers more than 1000 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 it all feel like a walk in the park.
And when it comes to figuring out how to withdraw money from Binance to bank account? It’s just as straightforward! Let me break the process down step by step.
Sell Crypto to Fiat Directly
If you're one of those people who look for how to withdraw money from Binance to bank account easily, I've got you covered!
The platform has an intuitive Buy & Sell feature where you can sell your crypto directly to fiat. This is the simplest method since you can sell your crypto and get the money transferred into your bank account in a single process. That being said, here is how you can do it:
📚 Read More: How to Pass KYC Checks on Binance
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.
Keep in mind that some payment methods might charge you additional fees. Always check your transaction details before finalizing the process.
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.
Withdraw Fiat from Your Balance
Now, let's imagine a new scenario. Let's say you've completed a trade on Binance's spot trading and have some money in your balance. What should you do to cash out your profit? It's actually pretty easy to do! Here is how to get money out of Binance using the Withdraw Fiat option:
Keep in mind that while some bank transfers can be completed instantly, others may take 1-2 days.
Your withdrawal order has been submitted! Now wait for the money to arrive in your bank account. You can track them by clicking the [View History] button.
Note that the bank account you add must be in the exact same name as your Binance account.
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:
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]
📚 Read More: Best Hardware Crypto Wallets
Now, when talking about top-notch hardware wallets, two names always come up: Ledger Flex and Trezor Safe 5. Both are highly regarded for their security features and are ideal for safekeeping your digital assets.
How to Transfer Crypto from Binance to Ledger Flex
Ledger Flex 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 with a 2.84” secure touchscreen.
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 phone or computer and that your Ledger Flex is set up and ready to go.
And that's a wrap! By knowing how to withdraw money from Binance to the secure Ledger Flex, you've mastered one of the smartest ways to safeguard your digital holdings for the long term.
How to Transfer Crypto from Binance to 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.
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 Flex 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!
Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!
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 60 minutes to confirm, though average times are often near 30 minutes. On the other hand, BNB Chain transactions usually take just a few minutes. If you're withdrawing on Ethereum Mainnet, you can expect the process to typically range from 30 seconds to 5 minutes, unless the network is congested.
📚 Check Out: Understanding the Bitcoin Transaction Time
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.
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.
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.
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 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 Є1 while withdrawing NZD will incur a 0.001% fee.
📚 Read More: A Guide to Binance Fees
To give you a better picture of the associated fees for Binance fiat withdrawal, I've prepared some examples in the following table. Take a look:
Payment Method for Withdrawal | Withdrawal Fee | |
|---|---|---|
EUR (Euro) | Bank transfer (SEPA Instant) | Є1 |
NZD (New Zealand Dollar) | P2P Express | 0.001% |
IDR (Indonesian Rupiah) | Tokocrypto (Bank transfer) | 0.31% |
SAR (Saudi Riyal) | P2P Express | 0.001% |
AZN (Azerbaijani Manat) | m10 | 0.5% |
Table: Binance fiat withdrawal fees as of June 2025
As you can see, some fiat currencies have higher withdrawal fees. The available receiving methods also vary depending on the currency you choose, so keep these factors in mind as you learn how to get money out of Binance.
The supported fiat currencies, available withdrawal methods, and their respective fees might change from time to time. Consider checking Binance's official website and social channels to get the most recent updates.
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- Simple to use
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Binance Withdrawal Limits
Lastly, especially if you're figuring out how to withdraw money from Binance in large sums, be aware that 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 up to 96,000,000 USDT.
VIP Level | Daily Withdrawal Limit (USDT) |
|---|---|
Regular | 8,000,000 |
VIP 1 | 8,000,000 |
VIP 2 | 8,000,000 |
VIP 3 | 8,000,000 |
VIP 4 | 16,000,000 |
VIP 5 | 24,000,000 |
VIP 6 | 40,000,000 |
VIP 7 | 64,000,000 |
VIP 8 | 80,000,000 |
VIP 9 | 96,000,000 |
Table: Binance crypto 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. Keep in mind that this applies to crypto withdrawals.
Fiat withdrawal limits, on the other hand, are affected by your KYC verification level and country, not VIP tier. Take a look at this table to learn the associated limits for each KYC level:
Fiat Withdrawal Limit | |
|---|---|
Non-verified | Not available for fiat withdrawals |
Basic verified | $50 K per day (varies by country) |
Verified Plus | $2 M per day (varies by country) |
Enterprise / Custom Tier | Custom fiat limits on request |
Table: Binance fiat withdrawal limits for each KYC level
This highlights how important it is to complete your identity verification on Binance. Aside from letting you cash out funds to your bank account, it also helps secure your account against unauthorized access and comply with regulatory requirements.
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 funds secure:
Tip 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.
📚 Read More: Cryptocurrency Security Guide
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.
Tip 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.
Tip 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.
📚 Read More: Is Binance Safe in 2025?
Tip 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.
Tip 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.
Browse our collection of the most thorough Crypto Exchange related articles, guides & tutorials. Always be in the know & make informed decisions!
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!
Want to learn more about Binance and get the chance to earn crypto prizes? Check out the platform's Guild on BitDegree and tackle bite-sized Missions that enhance your knowledge and skillsets.
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)'.
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