Many crypto investors have joined the Binance trading platform due to its popularity and low trading fee. Along with various features, Binance allows its users to easily withdraw money from its platform. How? Here is a complete guide that will help you learn how to withdraw money from Binance.
Binance is among the popular exchanges presently available in the world. If you are a user of the Binance platform, you must have access to a huge selection of products and services related to the developing cryptocurrency economy. It includes crypto trading, lending, borrowing, staking, holding crypto assets, etc.
You may need to withdraw your funds from these platforms sooner or later. If you have funds in your account, you can opt to withdraw these funds to another exchange, or private wallet, or cash them out. If you are looking for an answer to how to withdraw money from Binance, you must know that it is an easy process. It is very easy. All you need to do is Sign in>> Wallet>> Fiat And Spot>> Amount>> Withdrawal.
Binance supports the withdrawal of around 14 fiat currencies through several payment methods. If you have sold cryptocurrencies for fiat currency and have no idea how to withdraw money from Binance, we will help you. This post will help you know how to withdraw money from Binance using various devices like an iPhone, PC, etc. So, let us learn how to withdraw money from Binance.
What Is Binance?
Binance is considered the world’s largest cryptocurrency exchange in terms of the trading volume. It is immensely popular among crypto enthusiasts. The platform allows users to choose among 300+ coins for trading. The platform is simple enough for newbies to try their hands on cryptocurrency trading. You can buy, sell, or hold cryptocurrency using this exchange platform. It allows you to simply start trading by funding your account and verifying your identity. You can easily buy or sell cryptocurrencies on this platform.
It offers a versatile way for traders to invest in and trade crypto. It is a platform trusted by millions of users. The exchange, along with many other great features, allows you to withdraw funds from your account. If you want to learn how to withdraw money from Binance, you need to go learn about the steps involved in the withdrawal process. So, let us find out how to withdraw money from Binance.
How To Withdraw Money From Binance Using A PC?
Let us know how to withdraw money from Binance using a computer. Here are the quick steps that are needed to be followed to withdraw money from Binance. Sign in> Wallet> Fiat and Spot> USD> Withdraw> Amount> Bank details> Confirm.
Let us check out these steps in detail.
1. Sign In
The first step to learning how to withdraw money from Binance is to sign in. You need to sign in to your Binance account through the website or desktop application. Now, check out the next step to move further.
2. Fiat And Spot
Once you have signed up, tap the Wallet option. Select the Fiat and Spot option. Select the Fiat currency you want to withdraw from the list of all the available Fiat and cryptocurrency balances. You can simply type USD in the search box or find it in the list.
You will find the Withdraw option on the right side of USD. Hit on it. The Withdraw Fiat screen will open up. You will find your balance below the Currency to Withdraw option. You will automatically find the Bank Transfer (SWIFT) option. Press the Continue button.
4. Type The Amount
You can now type the amount you wish to withdraw. Press the Continue button to create the request. Now enter the receiving bank along with the account holder’s details. Click on the Continue button.
5. Withdrawal Confirmation
Finally, you need to verify your details by checking if they are correct or not on the Withdrawal confirmation page. If they are right, tap the Confirm button.
With this, you have completed the process of withdrawing your money from Binance using a PC. Let us see how to withdraw money from Binance using an Android device.
How To Withdraw Money From Binance Using An Android Device?
You need to follow certain steps from your Android device to withdraw money from Binance. Let us quickly check these steps.
- Access the Binance account.
- Click on the Wallet icon on the right side at the bottom.
- Scroll down to USD and tap on it.
- Hit the Withdraw button on the left side at the bottom.
- Press Bank Transfer (SWIFT) under Recommended.
- Scroll to Enter Amount field and type the amount or click on Available to withdraw the balance.
- Hit the Continue button now.
- Type the details of the receiving account and click on the Continue button.
- Check if the information is correct or not in the Withdrawal Confirmation pop-up.
- If everything is okay, hit the Confirm button.
This is how to withdraw money from Binance using your Android device. Let us see how to withdraw money from Binance using an iPhone.
How To Withdraw Money From Binance Using An iPhone?
The process to withdraw money from Binance using an iPhone is similar to an Android device. Let us quickly check out the steps that are required to be followed for withdrawing money from Binance.
- Sign in to your account using the application.
- Hit the Wallet icon at the right on the bottom.
- Navigate to USD in the currency list and tap on Withdraw at the bottom left.
- Choose Bank Transfer (SWIFT) on the withdrawal screen under Recommended.
- Type the amount you wish to withdraw in the Enter Amount field or choose Available to withdraw the balance.
- Hit the Continue button.
- Enter the details of the receiving account and press Continue
- Check if all the details in the Withdrawal Confirmation pop-up are correct.
- If everything is fine, click on Confirm.
This is the procedure to withdraw money from Binance. Finally, you will be able to withdraw money from Binance within some time.
Withdrawal of fiat currency from Binance is a straightforward process. We have highlighted the steps in our post to learn how to withdraw money from Binance. You need to be careful while withdrawing funds as there is a risk of losing your money. As you have learned how to withdraw money from Binance, try it for yourself. Drop your queries in the comment section below that will be shortly answered by us!
Frequently Asked Questions
Q1. Is There A Minimum Withdrawal Amount On Binance?
A. Yes, every crypto has a minimum withdrawal amount. You can’t withdraw less than the amount stated on the withdrawal page.
Q2. How Long Does A Withdrawal Take On Binance?
A. Binance tries to process withdrawal as soon as requested. Each blockchain takes a different amount of time for confirmation of your transaction. Bitcoin takes around 10-30 minutes to process while BNB Smart Chain withdrawals may take lesser time. The more a network’s congestion, the longer the time will be.
Q3. Why Is My Binance Withdrawal Stuck Processing?
A. A transaction might get stuck as the blockchain needs to confirm a transaction or is congested. Due to heavy traffic, a transaction may take longer than expected.