how to withdraw from binance to bank account in nigeria

To withdraw funds from Binance to a Nigerian bank account, navigate to the "Withdraw" section, select "Bank Card (NGN)", enter the withdrawal amount and bank details, verify the transaction, complete 2FA, and wait for the withdrawal to be processed, which typically takes up to 24 hours.

Nov 14, 2024 at 11:22 am

How to Withdraw from Binance to Bank Account in Nigeria

Withdrawing funds from Binance to a bank account in Nigeria is a relatively straightforward process, but there are a few steps involved. This guide will provide you with a detailed explanation of each step, ensuring a smooth and successful withdrawal experience.

Step 1: Log in to Your Binance Account

• Navigate to the Binance website or open the Binance app on your mobile device.
• Enter your user credentials (email address/phone number and password) to log in to your account.

Step 2: Navigate to the "Withdraw" Section

• Click on the "Wallet" tab at the top of the Binance interface.
• Select "Fiat and Spot" from the submenu.
• Scroll down and locate the "Withdraw" button.

Step 3: Choose "Bank Card (NGN)" Withdrawal Method

• Binance supports multiple withdrawal methods for Nigerian users, including bank transfers.
• Select "Bank Card (NGN)" as your withdrawal method.

Step 4: Enter Withdrawal Amount and Bank Details

• Enter the amount of NGN you wish to withdraw.
• Carefully enter your bank account number and account name. Ensure that the account name matches the name registered on your Binance account.

Step 5: Verify and Confirm Withdrawal

• Review the withdrawal details carefully, including the amount, bank account information, and withdrawal address.
• If everything is correct, tick the box that reads "Confirm that the bank account details belong to me."
• Click on the "Withdraw" button to initiate the withdrawal process.

Step 6: Complete Two-Factor Authentication (2FA)

• Binance requires you to complete 2FA for added security.
• Enter the 6-digit verification code sent to your registered email or Google Authenticator.

Step 7: Wait for Withdrawal Processing

• Binance will process your withdrawal request and transfer the funds to your bank account within 24 hours.
• You can track the status of your withdrawal under "Transaction History."

Additional Notes:

• Binance may charge a small withdrawal fee, which varies depending on the withdrawal method.
• The minimum withdrawal amount for bank transfers in Nigeria is 1 NGN.
• Ensure that you only withdraw funds to bank accounts registered under your own name.
• Binance will not be held responsible for any losses or delays caused by incorrect bank account details or fraudulent activities.