how to transfer money from binance wallet to bank account

To withdraw funds from Binance to a bank account, users must log in to Binance, navigate to the fiat and spot wallet, select withdrawal, choose bank transfer, enter bank details, undergo security verification, submit the withdrawal request, and allow for processing time.

Nov 02, 2024 at 02:12 am

How to Transfer Money from Binance Wallet to Bank Account

Step 1: Log In to Binance

• Visit the Binance website or app and log in to your account.

Step 2: Navigate to Fiat and Spot Wallet

• Click on the "Wallet" icon.
• Select "Fiat and Spot."

Step 3: Select Withdrawal

• Click on the "Withdraw" tab.
• Choose "Fiat."

Step 4: Choose Bank Transfer (SEPA for European users)

• Select "Bank Transfer" or "SEPA Transfer" as the withdrawal method.

Step 5: Enter Bank Details

• Enter your bank account number, BIC/SWIFT code, and the amount you wish to withdraw.
• If using SEPA, ensure your bank is an IBAN-compliant bank.

Step 6: Security Verification

• Binance will require additional security verification steps, such as entering a verification code or confirming via Google Authenticator.

Step 7: Submit Withdrawal Request

• Review the withdrawal details carefully.
• Click on the "Withdraw" button to submit your request.

Step 8: Processing Time

• Withdrawal processing time may vary depending on banks and Binance confirmation procedures. Generally, it takes 1-2 business days for funds to arrive in your bank account.

Additional Notes:

• Currency availability for withdrawal varies depending on Binance's supported currencies.
• Withdrawal fees may apply, so check the Binance fee schedule before initiating a transfer.
• Ensure the bank details you provide are accurate to avoid any delays or errors in the transfer process.
• Monitor your Binance transaction history to track the progress of your withdrawal.