- Regardless of the reasons or reasons why you want to do so, there will come a time when you must withdraw part of your money on Binance, either in the form of cryptocurrencies or fiat currencies.
- Although several small differences may arise according to the type of cryptocurrency to be withdrawn, practically the process is the same for almost all the assets stored in the service.
- And what about delay times, commissions, and other aspects of great relevance?
Since it is one of the main crypto exchange platforms, knowing how to withdraw money on Binance is very important for users who have assets on it , or are thinking of having them. It must be said, in this sense, that the process to withdraw funds from Binance will depend on the cryptocurrency, or eventually fiat currency, that the user wishes to withdraw from the service, although there are basic guidelines..
Something similar happens with the delay time, which will vary depending on the method you use, so it happens that, almost always, you have to make some initial transactions to know how long each one will require . Likewise, you can find out the status of the transaction using the associated blockchain explorer .
The last clarification is that the withdrawal of funds from Binance may be blocked from time to time, due to the technical updates that the developers of the platform carry out, although in that case you will be warned about it sufficiently in advance to be able to proceed with it. get the money earlier..
How to withdraw cryptocurrencies from Binance?
As an example, we will take a BNB withdrawal to Trust Wallet , which will ask us the following steps:
- Log into your Binance account, go to Wallet, Fiat & Spot, Withdraw and select Crypto
- Choose now the cryptocurrency you want to withdraw, and the specific network of the withdrawal
- As we clarified before, click on BNB in your Trust Wallet and Receive
- Copy your BNB address, and paste it into Recipient BNB Address on the withdrawal page
- If everything is correct, click Send, and later on Send code, entering the code in your email
- Once you have added the 2FA code you just received, confirm in Send and that's it
In the second point, we mentioned that you should be careful with the specific withdrawal network, and that is because BNB is issued on Binance Chain as a BEP-2 token and on Binance Smart Chain (BSC) as a BEP-20 token . You should be careful and do not move too fast, because you could lose your money.
How to withdraw fiat currency from Binance?
As we said at the beginning, Binance supports fiat or fiat currencies , and we can withdraw them in this way :
- Log into your Binance account, go to Wallet, Fiat & Spot, Withdraw and select Crypto
- Choose now the cryptocurrency you want to withdraw, and the payment method, affected by currency and region
- Enter the details that the system asks for, and follow the instructions, until adding the verification code
- Confirm Send and done
Other frequently asked questions
What are the cryptocurrency withdrawal fees on Binance?
These transactions are not free, unfortunately, as Binance charges for withdrawals. The gas commissions are paid by the user, that is, by us, to the miners that contribute to the transaction. Afterwards, each blockchain has its own commission scheme, so they will be subject to it ..
What is the minimum withdrawal amount on Binance?
Each cryptocurrency has a minimum amount of withdrawals, which you find out at the time you go to trade. Those who want to evaluate various cryptos can use the withdrawal simulators that Binance itself has.
How long does a withdrawal take on Binance?
Although Binance will process the withdrawal as soon as you request to do so, blockchain networks have their own margins. We argued before that everything will depend on the crypto to be withdrawn and, to give you a better idea in this regard, any Binance Smart Chain withdrawal will take a few minutes while Ethereum will always take longer .
Why is my withdrawal on Binance not progressing?
If your withdrawal is listed as delayed, it may be that the blockchain network is having too much traffic, is a bit congested, and then the operation has not been approved. Do not despair, some withdrawals take time.
Why can't I withdraw funds from Binance?
If you changed your password, or have just disabled your Google/SMS authenticator, Binance will suspend your withdrawals for a 24-hour period out of an abundance of caution. If you restore these accesses, it will suspend them for 48 hours. You must take this into account so as not to overlap the actions. And Binance will alert you to suspicious activity .
What should I do if my Binance withdrawal did not arrive?
If the blockchain network does not show signs of being congested, but your withdrawal is still not credited, please contact Binance Support directly , who should be able to give you a concrete answer about your situation .
conclusions
As it has become clear, anyone with a minimum knowledge, which they probably have if they got here, and some patience, can successfully make their crypto and fiat currency withdrawals from Binance .
Whenever you notice a problem during the procedure, you should check your Inbox , to check that there are no maintenance notices from the developers that justify the inconvenience.
