If you click on any withdrawal button and end up on the Fiat withdrawal page, select the ‘Crypto’ tab to switch to the crypto withdrawal page. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps. Make sure to sell the cryptocurrency in exchange for your own country’s currency.
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- Now, you need to enter your debit or credit card information.
For EUR, it’s a minimum of 10.00 EUR with SEPA bank transfers, and for USD, it’s at least 50.00 USD with SWIFT bank transfers. In this step, you will select the coin you want to withdraw, the address to which you are withdrawing, and the transfer network. That last part is optional if the coin/token you are withdrawing is only available in one network. Fill in the amount to withdraw on the right side and click the ‘Continue’ button on the bottom right. Depending on which payment method you choose, you will be prompted to fill in the receiving account details in this step.
If in doubt, I always recommend sending a smaller amount first to see if it arrives safe and sound. Enter an amount of BUSD you want to transfer to your account (You can see your BUSD balance next to the Amount text field) and click on Continue to enter your Bank Details. Once you click Convert, you successfully https://www.cryptominer.services/ exchanged USDT to BUSD and can now withdraw them. You can do this for any currency by following the methods shown above, but I give you an example using USDT anyway. Binance Convert only supports a few selected currencies, but it is by far the easiest way to convert Crypto to Fiat on Binance.
The fiat currencies include USD, EUR, AUD, JPY, CAD, and many others. I think this should pretty much cover most of the popular currencies and how to withdraw them from Binance using a variety of different methods. If you felt like I missed something important, gladly point that out in the comments for me and I will add it. Make sure to select Faster Payments, enter an Amount of GBP you want to transfer to your bank account, and click on Continue.
Therefore, withdrawing Ethereum will not cost the same as withdrawing Bitcoin. Here you will select whether the wallet address is private or it belongs to an exchange. If it is the latter, you will choose the exchange to which you intend to withdraw your assets. In this guide, we’ll use the “Bank Card” payment method (also known as an instant card withdrawal). If you don’t have a fiat currency, you need to sell your cryptocurrencies on Binance first. The “Instant card withdrawals” method allows you to instantly withdraw money from your fiat wallets to your debit or credit card.
A pop-up dialogue box will show the amount to be withdrawn, the payment method, transaction fees, and the estimated time it will take for you to receive the funds. If everything seems correct, click confirm and proceed to security verification using two-factor authentication. For other payment methods like SWIFT, it can take 1 to 4 business days for your money to arrive in your bank account. And don’t forget, Binance has a minimum amount you can withdraw for each fiat currency.
How to Withdraw Money from Binance Conclusion
After you’ve clicked on “Fiat and Spot”, you’ll land on your fiat and spot wallet. For instant card withdrawals, the withdrawal will be processed in 5 minutes. To withdraw money from Binance to your bank account, you need to go to your fiat and spot wallet.
Then, copy the unique address to the “address” section to withdraw. Below that, you will see a list of the available payment methods supported for your chosen currency. The arrival time of your fiat currency withdrawal depends on the withdrawal method you choose. For example, SEPA withdrawals are only processed on business days, so you may have to wait between 1 to 3 days if you initiate the withdrawal during the weekend. All authorised wallet addresses can be accessed through the ‘Address Book’ button. The whitelist function is a security feature that you can enable and disable if you wish, but we highly recommend enabling it.
Convert Crypto to Fiat using Binance Convert
To complete the withdrawal process, you need to complete the security verification. After you’ve clicked on “Add New Card”, the “Pay with card” pop-up will open. If this is your first time making a withdrawal, you need to add a new card. The first step is to navigate to your fiat and spot wallet on Binance.
Now we can go ahead and withdraw those BUSD to our bank account. You can use this method with any other supported currency as well. Then you can choose to continue with USDT or use the conversion https://www.coinbreakingnews.info/ feature mentioned above to convert your USDT to another currency like BUSD. Before we can actually get started with withdrawing money, we need to know how to convert our Crypto to Fiat.
Alternatively, you can scroll down on the same page and click on the withdraw buttons aligned with the specific fiat currencies you wish to withdraw. This is a shorter route than the other two, requiring an extra step to select the currency you want to withdraw. You can opt to withdraw them to another exchange, a private wallet, or want to cash out your gains. In this guide, we are showing you how to withdraw from Binance, whether it is fiat money or cryptocurrency. If you want to know more details about the platform, be sure to read our in-depth Binance review.
How to withdraw crypto on the Binance App?
There are two other ways to get to the crypto withdrawal page. The first is to scroll down the ‘Fiat and Spot’ page and locate the specific crypto you want to withdraw. To the far right of each coin is a withdraw button, as shown here.
On the top of this page, just below the navigation bar, is the withdraw button. Binance is the largest cryptocurrency exchange in terms of the daily trading volume. As one of its users, you have access to a vast selection of services and products related to the developing crypto economy. These include cryptocurrency trading (both spot and futures markets), borrowing, lending, staking, donating, and holding your crypto assets.
This will open the Overview page with all your balances across the various Binance products, including Futures, margin, mining pool, Earn, P2P, and Fiat and Spot accounts. In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and https://www.topbitcoinnews.org/ many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression. However, if there is network congestion, it may take longer to complete. After you’ve submitted the security verification, the “Order Submitted” pop-up will open.
If you only need them for trading, it’s fine, but for long-term storage, always transfer them to a cold wallet. In this step-by-step guide, I will share with you exactly how to withdraw your cryptocurrencies from Binance safely and without any complications. I will also provide additional information that will be helpful before proceeding with the withdrawal.