Withdrawing funds from Binance is a straightforward process, whether you’re withdrawing cryptocurrency to another wallet or fiat currency to your bank account. However, choosing the correct withdrawal method and network is crucial to avoid costly mistakes.
In this guide, we’ll walk you through the step-by-step process of withdrawing crypto and fiat from Binance safely and efficiently.
1. How to Withdraw Cryptocurrency from Binance
If you want to withdraw Bitcoin (BTC), Ethereum (ETH), USDT, or any other cryptocurrency to an external wallet, follow these steps:
Step 1: Log in to Your Binance Account
- Visit Binance and log in securely.
- Enable 2FA authentication (Google Authenticator or SMS) for added security.
Step 2: Go to the Withdrawal Section
- Click on “Wallet” > “Fiat and Spot” from the top menu.
- Select “Withdraw” and choose “Crypto”.
Step 3: Enter the Withdrawal Details
- Select the cryptocurrency you want to withdraw (e.g., BTC, ETH, USDT).
- Paste the recipient wallet address (ensure it’s correct!).
- Select the correct network:
- Bitcoin (BTC) → BTC Network
- Ethereum (ETH) → ERC-20 Network
- USDT (Tether) → ERC-20, TRC-20, BEP-20 (Check compatibility with the receiving wallet!)
Step 4: Enter the Amount and Confirm
- Type the amount you want to withdraw.
- Binance will display the transaction fee and expected arrival time.
- Click “Withdraw” and complete the 2FA verification.
Step 5: Track the Transaction
- You can track your withdrawal in “Transaction History”.
- Use a blockchain explorer to verify the transaction:
✅ Done! Your crypto will arrive in the destination wallet once the transaction is confirmed on the blockchain.
2. How to Withdraw Fiat Currency from Binance
If you want to withdraw fiat (USD, EUR, GBP, etc.) to your bank account, follow these steps:
Step 1: Ensure You Have Fiat Available
Before withdrawing, you must have funds in your Binance Fiat Wallet. If your funds are in crypto, convert them to fiat using Binance Convert or Spot Trading.
Step 2: Navigate to the Withdrawal Section
- Click “Wallet” > “Fiat and Spot”.
- Select “Withdraw” and choose “Fiat”.
Step 3: Choose Your Withdrawal Method
Binance supports multiple withdrawal methods, including:
✔ Bank Transfer (SEPA, SWIFT, ACH, Faster Payments) – Secure, takes 1–5 business days.
✔ Debit/Credit Card (Visa/Mastercard) – Instant but may have higher fees.
✔ Third-Party Services (Advcash, Payeer, PayPal – Available in selected regions).
Step 4: Enter Withdrawal Details
- Select your currency (e.g., USD, EUR, GBP).
- Choose the withdrawal method.
- Enter your bank details (for bank transfers).
Step 5: Confirm and Withdraw
- Review the withdrawal fee and processing time.
- Click “Confirm” and complete 2FA verification.
- Binance will process the withdrawal and send the funds to your bank account or payment method.
3. How to Check Your Withdrawal Status
To track your withdrawal:
- Go to “Transaction History” in your Binance Wallet.
- For fiat withdrawals, check your bank account or payment method.
- For crypto withdrawals, use a blockchain explorer to verify the transaction status.
4. Common Withdrawal Issues & How to Fix Them
🔴 My crypto withdrawal is stuck
✔ Check the blockchain explorer for confirmation status.
✔ If the network is congested, it may take longer.
🔴 I sent crypto to the wrong address
✔ Unfortunately, blockchain transactions are irreversible. Double-check before confirming.
🔴 My fiat withdrawal is delayed
✔ Bank transfers can take 1–5 business days. If it’s delayed beyond this, contact Binance Support.
🔴 Withdrawal option not available
✔ Some fiat withdrawal methods are not available in certain countries. Check Binance’s official support page.
Final Thoughts
Withdrawing funds from Binance is easy if you follow the correct steps. Whether you’re withdrawing crypto to an external wallet or fiat to your bank account, always double-check the wallet address, network, and fees to avoid issues.
💬 Still have questions? Drop them in the comments!