Withdrawing money from Binance to your bank account? They’re different options you can try. But you’ll have to sell your crypto asset for Fiat currency or leave it at that.
If you’ve Bitcoin, Litecoin, and USDT, you can sell for cash with or without selling them for Fiat currency. Binance made it easier for anyone to withdraw their funds.
You’ll be able to use different options to get your money from Binance to your bank account. You can use your Credit/Debit Card, Direct Deposit via SEPA, P2P, etc.
In this article, you’ll learn how to withdraw money from Binance to bank account. You’ll be able to easily get your funds using different options.
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How To Withdraw From Binance To Bank Account
If you want to transfer your Binance money to your bank account, you’ll need to sell your crypto asset for Fiat currency, or sell the crypto directly.
Withdraw Money From Binance App To Bank Account
To withdraw money from Binance app to your bank account, you can use the payment option in your region. Credit/Debit Card, SEPA, etc.
If you have any crypto asset on Binance, you can sell the coin for AUD, CAD, GBP, or BUSD if you want to withdraw USD.
Step 1: Open Binance
Before you can sell your crypto assets for Funds and get the money in your bank account, you’ll need to sell the crypto for the supposed Fiat currency.
Step 2: Sell Crypto For Fiat
You’ll need to sell/trade the coin for your local currency, tap on Trades at the bottom center of your screen.
Select the coin/currency you want to sell by tapping on BTC/USDT. Search for BTC/Currency.
If you want to withdraw to a UK bank account, you can use BTC/GBP, for countries in Europe you can use BTC/EUR, and BTC/BUSD to withdraw USD.
Once you find the Coin/Currency you want to sell for, tap Sell, tap 100% to sell all BTC, then tap Sell BTC from the trade section.
Step 3: Withdraw Money To Bank Account
Once you’ve sold the cryptocurrency and the transaction has been completed you can now withdraw money to your bank account.
On the Trades section tap on Fiat. Then tap on Withdraw GBP and a new page will open, select GBP as the currency you want to withdraw.
You can change currency if you want. Tap Continue and enter the amount of money that you want to send to your bank account. Add payment information.
Complete the security verification then the money will be transferred to your bank account.
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Withdraw Money From Binance App To Bank Account Using P2P
To withdraw money from Binance app to your bank account, you can also use the P2P payout option.
If you have any crypto asset on Binance, you can sell the coin for USDT, BTC, BUSD, etc to be able to sell on P2P.
Step 1: Open Binance
Before you can sell your crypto assets for funds and get the money in your bank account, you’ll need to sell the Crypto for the one people are buying.
Step 2: Sell Crypto For USDT
You’ll need to sell/trade the coin for USDT, tap on Trades at the bottom center of your screen. Since BTC/USDT is set to default there’s no need to select any other coin.
Tap on Sell, then select the selling percentage to 100%. Now Tap on Sell BTC. BTC will be sold for USDT.
You can also decide not to sell BTC for USDT and sell it directly in the P2P market. There are limited crypto assets you can sell.
Step 3: Transfer USDT From Spot To P2P Wallet
Once you’ve sold the Bitcoin for USDT and the transaction has been completed, you’ll need to transfer USDT from Spot Wallet to the P2P Wallet.
Tap Wallets on the bottom right of the Binance navigation bar, then tap on Spot from the top bar. On the Spot page, tap on Transfer to send USDT from Spot Wallet to P2P Wallet.
Make sure you’re sending From Spot Wallet To P2P. Select USDT or crypto you want to Sell, enter the amount, then tap on Confirm.
Step 4: Withdraw Money To Bank Account
Now you’ll be able to withdraw money to your bank account. Go To the Trades section and tap on P2P. It’s before the after the Fiat from the top bar.
Tap on Sell, and select USDT as the crypto you want to sell. From here you can see the people that want to buy USDT, you can choose who you want to sell to based on the price.
You’ll be able to filter based on the amount you want to sell USDT. The payment method you like to use to receive the fund.
Tap Sell and enter the amount of USDT you want to Sell. Since you haven’t already added your bank account, you’ll need to add it now.
Tap the Select a payment method section, tap on Add Bank Transfer and select a payment option you’ll like to use to receive your funds to your bank account.
Make sure it’s the same name you’ve used when creating your Binance account.
Once you’ve added your bank account, go back to the Sell USDT page, and make sure you enter the amount of USDT you want to sell.
Then tap Sell with 0 Fee and wait. Once the person made a payment to your bank account and you’ve confirmed it, you’ll then release the coin.
You can also decide to sell Fiat currency via P2P if you want. Tap on By Fiat and choose which Fiat currency you want to sell for cash.
Note: Don’t release the coin if you haven’t seen any bank alert on your phone. Wait until after you’ve seen an alert and the person has confirmed that they’ve sent it, you can then release it.
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Withdraw Money From Binance Web To Bank Account
If you’re using the Binance web on your computer, you can easily withdraw your funds from your Fiat to your bank account.
Step 1: Open Binance Web
Open Binance on your computer, and if you haven’t already signed in do so now. You’ll need to sell the crypto for the supposed Fiat.
Step 2: Sell Crypto For Fiat
You’ll need to sell/trade the coin for your local currency. In this example, we’re using GBP.
To sell crypto for Fiat on desktop tap on this link. You’ll be able to sell your crypto for EUR, GBP, USD, AUD, etc.
From the I want to sell field, select the cryptocurrency that you want to sell. Enter the amount of the crypto you want to sell and select the Fiat currency that you want to sell for.
Then, click on Next to go to the confirmation page and confirm the crypto sale for Fiat.
Step 3: Withdraw Money To Bank Account
Once you’ve sold the cryptocurrency and the transaction has been completed you can now withdraw money to your bank account.
Go to the Binance home page and cursor over Wallet. From the drop-down page, click on Fiat and Spot.
On the Fiat and Spot page, click on Withdraw to go to the Binance withdrawal page.
You can also use this link to go directly to the Fiat currency withdrawal page.
Tap on Fiat and select the currency you want to withdraw and choose one of the payment methods. They’re also a third-party option you can use depending on your region.
On the right side of the page, once you’ve selected the payment method, you’ll be able to enter the amount you want to withdraw and the payment information. This will depend on the option you’ve chosen.
Then click on Continue and confirmed the withdrawal details. If everything is okay, click on Confirm.
You’ll see a prompt to verify your withdrawal by doing a security verification. Use the security verification available to verify the withdrawal and click on Submit.
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Withdraw Money From Binance Web To Bank Account Using P2P
If you can’t use the Wire or Credit/Debit card withdrawal option, you can use the P2P withdrawal option from your computer.
If you have any crypto asset on Binance, you can sell the coin for USDT, BTC, BUSD, etc to be able to sell on P2P.
Step 1: Open Binance Web
Open Binance on your computer, and if you haven’t already signed in do so now. If you have USDT, BUSD, Bitcoin, or Ethereum you don’t need to sell to withdraw.
Step 2: Sell Crypto For USDT
If you have cryptocurrencies like Bitcoin Cash or XRP you’ll have to sell/trade them for supported P2P cryptos like USDT, BTC, BUSD, BNB, ETH, or DAI.
To sell your crypto for USDT, click on Trade Now on the Binance home screen. Then select the crypto you want to trade in for USDT.
To sell crypto for USDT, BTC, BUSD, BNB, ETH, or DAI tap on this link.
After you’ve traded/sell your crypto asset for USDT, BUSD, or any of the above available to sell. You’ll now be able to withdraw using the P2P option.
Step 3: Transfer USDT From Spot To P2P Wallet
Once you’ve sold the crypto for USDT and the transaction has been completed, you’ll need to transfer USDT from Fiat and Spot Wallet to the P2P Wallet.
Cursor over Wallets at the top navigation bar, then click on Fiat and Spot from the drop-down list.
On the Fiat and Spot page, click on Transfer to send USDT from Fiat and Spot to P2P.
Make sure you’re sending From Fiat and Spot To P2P. Select USDT as the coin you’re transferring to P2P and enter the amount, then click on Confirm.
Step 4: Withdraw Money To Bank Account
Now you’ll be able to withdraw money to your bank account using P2P. Cursor over Buy crypto or Trade at the top bar and click on P2P.
You can go to the P2P page using this link and sell USDT to available buyers and receive money in your bank account.
On the P2P page, click on Sell and choose the currency you want to sell USDT for that you’ll receive in your bank account. Also, select the Payment method option you’ll like to use.
From here you can see the people that want to buy USDT, you can choose who you want to sell to based on the price.
See their order request and how much USDT they’re willing to buy and the amount they want to buy before selling your USDT. And also check their terms.
Click Sell USDT and input the amount of USDT you want to sell. Since you haven’t already added your bank account, you’ll need to add it now.
Click on the Payment method and select a payment option you’ll like to use to receive your funds to your bank account.
Make sure it’s the same name you’ve used when creating your Binance account.
Once you’ve added your bank account, go back to the Sell USDT page, and make sure you enter the amount of USDT you want to sell.
Then click Sell with 0 fee and wait. Once the person made a payment to your bank account and you’ve confirmed it, you’ll then release the coin.
Note: Don’t release the coin if you haven’t seen any bank alert on your phone. Wait until after you’ve seen an alert and the person has confirmed that they’ve sent it, you can then release it.
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Withdraw Money From Binance US To Bank Account
If you’re using Binance.US, here’s how you can withdraw your crypto money to your US bank account using ACH and Wire Transfer.
Step 1: Open The Binance.US App
Open the Binance US app on your iPhone or Android device. If you haven’t sold your crypto asset for Fiat you need to do it now.
Step 2: Sell Crypto For Fiat
From the Binance US app home screen, tap on Buy/Sell at the center of the bottom navigation bar. You can also Trade the crypto asset for USD.
Now, select the cryptocurrency you want to sell for USD. After you’ve completed the transaction and have money in your USD wallet you’ll be able to withdraw.
Step 3: Withdraw Money To Bank Account
After you’ve successfully sold your crypto for USD, tap on Wallet at the bottom right of the navigation bar.
Tap on Withdraw and select USD US Dollar from the Withdraw page.
Enter the amount you want to withdraw and select the Payment method you want to use to withdraw your money.
You can use Wire Transfer as your withdrawal method or use ACH. If you haven’t already added any payment method, see how to do it.
Once you’ve added the payment method, ACH or Wire Transfer, tap Preview Withdrawal.
Once you see everything is okay, tap on Withdraw and you’ll get a confirmation email from Binance.
If you don’t confirm the withdrawal via email, the withdrawal will automatically cancel after 24 hours. You’ll get your funds between 1-5 business days.
Withdraw Money From Binance US Web To Bank Account
If you’re using Binance.US web on your computer, here’s how you can withdraw your crypto money to your US bank account using ACH and Wire Transfer.
Step 1: Open Binance.US Web
Open the Binance US on your iPhone or Android device. If you haven’t sold your crypto asset for Fiat you need to do it now.
Step 2: Sell Crypto For Fiat
From the Binance US home screen, click on Trade, then click Buy/Sell. You can also click on Buy Crypto and click Sell. Now, select the cryptocurrency you want to sell for USD.
After you’ve completed the transaction and have money in your USD wallet you’ll be able to withdraw.
Step 3: Withdraw Money To Bank Account
After you’ve successfully sold your crypto for USD, click the Wallet tab at the top of your screen and click on Withdraw.
From the Withdraw window select USD US Dollar and enter the amount you want to withdraw.
Under withdraw to, select the Payment method you want to use to withdraw the money to your account.
You can use Wire Transfer as your withdrawal method or use ACH. If you haven’t already added any payment method, see how to do it.
Once you’ve added the payment method, ACH or Wire Transfer, click on Preview Withdrawal.
Once you see everything is okay, click Confirm Withdraw and you’ll get a confirmation email from Binance.
If you don’t confirm the withdrawal via email, the withdrawal will automatically cancel after 24 hours. You’ll get your funds between 1-5 business days.
Conclusion
Being the most popular cryptocurrency exchange app in the world means that, there’s always a way for you to withdraw your fund, as far as Binance is available in the country.
Binance has a very huge suite of available withdrawal options for every country, so if the most common withdrawal method isn’t available, you can use the P2P option.
You can also use third-party payment services to get your money from Binance to your bank account. You’ll be able to withdraw any Fiat currency with just a few clicks.
So if you want to transfer your money from Binance to your bank account, you can use any of the payment methods available in your region.
Even if your government has banned cryptocurrency, you’ll be able to use the Peer-to-Peer option to make withdraw your money.
Frequently Asked Questions
Can I withdraw fiat currency from Binance?
Yes, you can withdraw Fiat currency to your bank account. First, you’ll need to sell the crypto asset for Fiat, then follow the step-by-step guide to withdraw your money to your bank account. You can different payment methods to get your funds to your account.
How do I get my money out of Binance?
You can use different payout options available for your region to withdraw Fiat currency from Binance. Payment Method includes Credit/Debit card, ACH, P2P, etc. To withdraw your money from Binance web, open the site on your computer
How long does it take to withdraw from Binance to a bank account?
It doesn’t take time to withdraw your money from Binance to your bank account, because it all depends on the payment method you’re using to cash out. Using a Credit/Debit card is faster, ACH takes 1-5 working days, and P2P within 45 minutes.
