You’ve just hit the jackpot with your trade on Binance, and now, you’re ready to cash out! Whether you want to secure your crypto profits or convert them to fiat, this step-by-step guide will walk you through how to withdraw money from Binance safely and efficiently.
👉 Master Binance withdrawals with these pro tips
Table of Contents
Withdrawing to Your Bank Account
Binance simplifies fiat withdrawals through its Buy & Sell feature, supporting 125+ fiat currencies and 1000+ payment methods.
Via Web Browser
- Log in to your Binance account and navigate to [Wallet] > [Overview] > [Withdraw].
- Select [Withdraw Fiat], choose your currency (e.g., USD, EUR), and link your bank account.
- Enter the withdrawal amount and confirm the transaction.
Note: Bank transfers may take 1–5 business days.
👉 Optimize your withdrawals for lower fees
Via Mobile App
- Open the Binance app, tap [Trade] > [Sell].
- Select the crypto to sell (e.g., USDT) and your fiat currency.
- Choose your bank account and complete the transaction.
Transferring Crypto to a Hardware Wallet
For long-term storage, transfer crypto to a hardware wallet like Ledger Flex or Trezor Safe 5.
Ledger Flex
- On Binance, go to [Wallet] > [Withdraw].
- Select the crypto and network (e.g., Ethereum Mainnet).
- Paste your Ledger Flex address (copied from Ledger Live) and confirm.
Processing Time: Depends on blockchain congestion (e.g., Bitcoin: ~30 minutes).
Trezor Safe 5
- Connect Trezor to Trezor Suite and copy your wallet address.
- On Binance, paste the address under [Withdraw] and confirm.
Fee Alert: Ethereum transfers cost 5 USDT; BNB Chain is free.
Withdrawal Time and Fees
| Factor | Details |
|---|---|
| Crypto Withdrawals | Blockchain-dependent (e.g., ETH: 30 sec–5 min; BTC: 10–60 min). |
| Fiat Withdrawals | 1–5 business days (SEPA: 1–3 days). |
| Fees | Varies by network (e.g., BTC Lightning: 0.000001 BTC; EUR SEPA: €1). |
Safety Tips for Secure Withdrawals
- Enable 2FA: Use Binance Authenticator for added security.
- Avoid Public Wi-Fi: Use VPNs for encrypted transactions.
- Monitor Activity: Check login alerts and transaction history.
- Beware of Phishing: Verify emails and links before clicking.
FAQs
How long does a Binance withdrawal take?
- Crypto: Minutes to hours (blockchain-dependent).
- Fiat: 1–5 business days.
What are Binance’s withdrawal limits?
- Crypto: Up to 96,000,000 USDT daily for VIP 9 users.
- Fiat: Varies by KYC level (e.g., Verified Plus: $2M/day).
Are hardware wallets safer than Binance?
Yes! Hardware wallets store keys offline, protecting against hacks.
👉 Explore top-rated hardware wallets
Final Note: Always verify withdrawal details and prioritize security. Happy trading!