how to withdraw money from binance wallet to bank account

Users of Binance, a prominent cryptocurrency exchange, can effortlessly transfer money to their bank accounts by following a straightforward step-by-step process that ensures security and timely fund reception.

Nov 01, 2024 at 10:27 pm

How to Withdraw Money from Binance Wallet to Bank Account

Binance, one of the world's largest cryptocurrency exchanges, allows users to withdraw funds to their bank accounts easily. Here's a step-by-step guide to help you through the process:

1. Link Your Bank Account:

• Log in to your Binance account and click on "Fiat and Spot."
• Select "Withdraw" > "Bank Card/Fiat."
• Choose "Bank Transfer (USD)" or "Bank Transfer (EUR)."
• Enter your bank details, including country, bank name, account number, and sort code.
• Verify your account by following the instructions provided.

2. Initiate the Withdrawal:

• Go back to the "Fiat and Spot" page.
• Click on "Withdraw" > "Bank Card/Fiat."
• Select "Bank Transfer" (the currency you linked in step 1).
• Enter the withdrawal amount and bank account details (if not already provided).
• Click "Continue" and confirm the withdrawal.

3. Security Verification:

• You will be asked to provide security verification, such as:

  • Two-factor authentication (2FA)
  • SMS verification

4. Monitor the Withdrawal:

• The withdrawal process can take several business days, depending on your bank.
• You can track the status of your withdrawal in the "Transaction History" section.

5. Receive Funds:

• Once the withdrawal is processed and cleared, you should receive the funds in your bank account.
• Depending on your bank, you may receive a notification or the funds may be automatically deposited.

Tips:

• Double-check all the details before initiating a withdrawal.
• Make sure you enter the correct amount and bank account number.
• If you encounter any problems, contact Binance customer support.