how to get money out of binance

Withdrawing funds from Binance involves verifying your identity, selecting a method (e.g., bank transfer or crypto withdrawal), providing the recipient's address, inputting the amount, and confirming the withdrawal.

Nov 01, 2024 at 01:37 am

How to Withdraw Money from Binance

Withdrawing funds from Binance is a straightforward process that can be completed in a few simple steps. Here's a detailed guide to help you:

Step 1: Verify Your Account

Before withdrawing funds, you must verify your identity on Binance. This process involves providing personal information such as your name, address, and a photo of your ID.

Step 2: Choose a Withdrawal Method

Binance supports various withdrawal methods, including:

• Bank Transfer: Withdraw funds directly to your bank account.
• P2P Trading: Transfer funds to other Binance users through Binance's peer-to-peer marketplace.
• Cryptocurrency Withdrawal: Send funds to an external cryptocurrency wallet.

Step 3: Select Your Crypto or Fiat Currency

Choose the asset you want to withdraw, either a cryptocurrency (e.g., BTC, ETH) or a fiat currency (e.g., USD, EUR).

Step 4: Enter Withdrawal Address

Provide the recipient's address where you want to receive the funds. Ensure that the address is compatible with the withdrawal method you selected.

Step 5: Input Amount

Enter the amount you wish to withdraw. Binance will display any applicable fees.

Step 6: Confirm Withdrawal

Review the withdrawal details carefully. Once you are satisfied with the information, click "Confirm Withdrawal."

Step 7: Verification and Processing

Binance will send a verification code via email or SMS to your registered phone number. Enter the code to verify the withdrawal request. Binance will then process the withdrawal, which may take some time.

Additional Notes:

• Withdrawal fees vary depending on the method and currency used.
• Binance has daily withdrawal limits.
• Cryptocurrency withdrawals may require several network confirmations before reaching the recipient's wallet.
• If you encounter any issues during the withdrawal process, reach out to Binance customer support for assistance.