How to withdraw RMB from Binance Exchange

Binance's efficient "Fiat and Spot" withdrawal feature allows users to easily transfer their RMB funds to local bank accounts, incurring a minimal fee and processing time of up to 24 hours.

Jan 14, 2025 at 03:46 am

Key Points:

• Binance is one of the largest and most popular cryptocurrency exchanges in the world.
• It offers a wide variety of cryptocurrencies and trading pairs.
• Binance has a dedicated fiat gateway that allows users to withdraw and deposit funds in their local currency.
• The withdrawal process is simple and straightforward, but there are a few things to keep in mind.

Steps to Withdraw RMB from Binance Exchange:

1. Log in to your Binance account.
2. Click on the "Wallet" tab.
3. Select the "Fiat and Spot" sub-tab.
4. Find the "RMB" section and click on the "Withdraw" button.
5. Enter the amount of RMB you want to withdraw.
6. Select the withdrawal method.
7. Enter your bank account information.
8. Click on the "Withdraw" button.

Things to Keep in Mind:

• There is a minimum withdrawal amount of 100 RMB.
• Binance charges a withdrawal fee of 1 RMB per transaction.
• The withdrawal process can take up to 24 hours to complete.

FAQs:

• Q: What is the minimum withdrawal amount on Binance?

  • A: The minimum withdrawal amount is 100 RMB.

• Q: How long does the withdrawal process take?

  • A: The withdrawal process can take up to 24 hours to complete.

• Q: What if I don't have a bank account?

  • A: You can use a third-party payment processor like Alipay or WeChat Pay to withdraw your RMB.