In the majority of nations, withdrawing funds from Binance is a simple process. Several different payment options and more than 60 different fiat currencies are all accepted at the exchange. The United States Dollar, the Euro, the Australian Dollar, the Japanese Yen, and the Canadian Dollar are all examples of fiat currencies.
Your country or region will determine the available payment options. Payment via “Instant card withdrawals” is available in most locations worldwide. With the “Instant card withdrawals” option, you can rapidly transfer funds from your fiat wallets to a debit or credit card.
As long as “Visa Fast Funds (Visa Direct)” is activated, you can accomplish this.
Please use this referral link to sign up for Binance: https://www.binance.com/en/register?ref=73583477.
How long it takes to transfer funds from Binance to your bank account is detailed below.
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How to withdraw money from Binance to bank account
Your fiat and spot wallets are where you’ll access the funds that you’ve accumulated on Binance and use them to make withdrawals to your bank account. When you’re ready to make a withdrawal, head to “withdraw,” then pick your preferred currency, payment method, and personal details.
Finally, enter a card number, verify your identity, and wait for the withdrawal to finish. The withdrawal from an immediate card will be handled in 5 minutes. If you choose to use a different means of payment, such as SWIFT, please allow one additional working day.
Congestion in the network can lengthen the time it takes. On the other hand, you won’t be able to exit the market if there’s a current system upgrade. Because withdrawals will be momentarily halted during the update, this is the case. If you use Twitter, you can follow @BinanceHelpDesk to learn about software updates.
To transfer funds from Binance to your bank account, please follow these 6 simple steps:
- Go to your fiat and spot wallet
- Click on “Withdraw”
- Select currency, payment method, and withdrawal info
- Enter your card information
- Complete the security verification
- Wait for the withdrawal to complete
1. Go to your fiat and spot wallet
Step one is to access your Binance fiat and spot wallets. Your first step should be to visit binance.com and then log in to your account there. The Binance app for iOS and Android is another option. As such, we’ll be using the desktop version of Binance for the duration of this tutorial.
Select “Wallet” from Binance’s main menu.
Doing so will reveal a pull-down menu with many settings. Overview, Fiat and Spot, Margin, and other choices are available. You can access your fiat and spot wallet by clicking the corresponding button.
2. Click on “Withdraw”
When you access your fiat and spot wallet using the “Fiat and Spot” button.
It’s time to head to the withdrawal page.
3. Select currency, payment method, and withdrawal info
Clicking “Withdraw” will take you to Binance’s withdrawal page. Choose the currency, then enter your payment and withdrawal details. Bank cards are the method of choice for this tutorial, so that’s what we’ll call them (also known as an instant card withdrawal).
You will need to add a new card if this is your first time withdrawing money.
Instructions for including a new card in the game are as follows:
- Select the currency that you want to withdraw in the “Currency” field (e.g. EUR).
- Select the payment method that you want to use (in this guide, we’ll use the “Bank card” payment method).
- Enter the amount of money that you want to withdraw in the “Amount” field (e.g. 100 EUR).
- Click on “Add New Card” to add a new card.
Remember that there is a withdrawal cap in place.
You are limited to making withdrawals of between €10 and €5,000 into your bank account in Euros.
To learn how to add a new card, continue to the following step after clicking “Add New Card.”
4. Enter your card information
As soon as you select “Add New Card,” the “Pay with card” window will appear.
To save time, the “name” field should be pre-filled.
The next step is to input your payment details, be they debit or credit. To begin, please fill in your card number in the “Card Number” field. Then, in the “Expiry date” field, type the date your card will expire.
Last but not least, fill in the “Security Code” area with the three-digit number printed on the back of your card.
When you’re done adding your card, click the button that says “Add card.”
5. Complete the security verification
Withdrawals can be made once a valid debit or credit card has been added. Be aware that there will be a small charge associated with this transaction. The “Amount” field is where you’ll find the total cost of the transaction.
There will be a 1% fee for “Instant card withdrawals.”
Simply press “Continue” to finish the withdrawal.
Verification of Binance Withdrawal
The “Withdrawal Confirmation” window will appear once you click “Continue.”
Withdrawal details are displayed in the pop-up window. Where the funds will be sent, how much you will be charged, how long it will take, and how much you can withdraw are all factors to consider. To finalise the withdrawal, select “Confirm” and click the button.
The “Security Verification” window will appear once you confirm the withdrawal.
The withdrawal process cannot be finalised until the security check is finished. The first step is to hit the “Send SMS” button to have a 6-digit code sent to your phone. Then, fill out the “SMS Verification Code” field with the 6-digit code you were given.
The Google Authenticator 6-digit verification code is required if you’ve enabled it. In the “Google verification code” area, type the six-digit code that Google provided you with.
Finally, press “Submit” to send in the security check.
6. Wait for the withdrawal to complete
After you confirm your order’s details and submit them, a window titled “Order Submitted” will appear.
Congratulations, your withdrawal request has been received! The withdrawal from an immediate card will be handled in 5 minutes. A SWIFT transfer can take between one and four business days to reach its destination. However, if the network is clogged, the process could take longer than expected.
Simply select “View History” to see where your order stands in the process.
To view past transactions, select “Transaction History” from the menu on the left side of your fiat and spot wallets.
Conclusion
You must first sell your cryptocurrency on Binance before you may withdraw any funds.
The following link will take you to the appropriate page on Binance where you can sell your cryptocurrency: https://www.binance.com/en/buy-sell-crypto?type=SELL.
It’s important to trade cryptocurrency for the money of your home nation. If you’re a US resident, for instance, you’ll want to cash out your Bitcoin holdings in US dollars. As soon as it happens, you can get your money out of the system and into your bank account.
Final Lines
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