In brief
The withdrawal process on Binance depends on the cryptocurrency or fiat currency you want to withdraw. Some cryptocurrencies can be withdrawn into many different blockchains, so be careful to choose the right one.
Depending on the method you are using, withdrawal times also vary. For cryptocurrency withdrawals, each blockchain will require a certain number of confirmations before it can show up in your wallet. You can check the transaction status using the corresponding blockchain explorer.
Occasionally, due to technical upgrades, Binance may temporarily suspend withdrawals. Binance will notify you if this occurs. If your withdrawal is still taking too long and you have checked all the issues but found no errors, you can contact Binance customer support.
Introduce
If you want to transfer funds out of your Binance account, you will need to go through the withdrawal process. The process varies depending on the blockchain and the cryptocurrency or fiat currency you want to withdraw. Overall, it's very simple, but you should follow each step carefully so you don't accidentally lose your money.
How to withdraw cryptocurrency on Binance
In this example, we will withdraw BNB from Trust Wallet step by step.
1. Log in to your Binance account. After logging in, move the mouse to [Wallet] and click [Fiat and Spot].
2. Click [Withdraw].
3. Select the [Crypto] tab and select the cryptocurrency you want to withdraw.
5. If cryptocurrency is issued on different blockchain networks, choose which network you want to withdraw to.
For example, BNB is issued on Binance Chain as u001dtoken BEP-2 and on Binance Smart Chain (BSC) as BEP-20 token. Therefore, if you want to withdraw funds to the BEP-2 wallet address, choose the BEP-2 option. Be very careful with this step. If you send money to the wrong address, the amount you want to withdraw may be lost.
7. Click on BNB in your Trust Wallet.
2. Click [Receive].
7. Copy your BNB address.
8. Paste it into [Recipient’s BNB Address] (BNB recipient address) on the Binance withdrawal page. After checking the information, click [Submit].
9. Click [Send Code] and enter the six-digit code you received in your email.
10. Enter your 2FA 2-layer security code. If everything is in order, click [Submit]. You can review withdrawn funds in your Transaction History.
How to withdraw fiat money from Binance
Binance supports more than 60 fiat currencies and many different payment methods.
1. Log in to your Binance account. After logging in, move the mouse to [Wallet] and click [Fiat and Spot].
2. Click [Withdraw].
3. Select the [Crypto] tab.
5. Select the currency you want to withdraw and the payment method. Payment method options are based on the currency and region you selected.
6. Enter the required details and follow the instructions.
6. And enter the verification code to confirm the withdrawal.
What are cryptocurrency withdrawal fees?
Note, you will incur network transaction fees when withdrawing cryptocurrency from your Binance account. For example, taking out BNB or Ether (ETH) requires Binance to send the cryptocurrency to another cryptocurrency wallet on the blockchain.
In other words, any transaction on Binance Smart Chain, Binance Chain, or Ethereum requires gas fees that users pay to miners. This cost is passed on to users by Binance.
Each blockchain has its own fee schedule. Therefore, each cryptocurrency will have different withdrawal fees. This fee also varies depending on network activity. The best and most accurate way to check the withdrawal fee is to go to the withdrawal page itself to check.
What is the minimum amount to withdraw on Binance?
Each cryptocurrency will have a minimum withdrawal amount. You cannot withdraw less than the amount stated on the withdrawal page. You can see a list of minimum amounts and withdrawal fees for all currencies on our Deposit and Withdrawal Fees page.
How long does it take to withdraw money on Binance?
Binance will process your withdrawal as soon as requested, but each blockchain will take a different amount of time to confirm your transaction. On average, Bitcoin (BTC) can take between 10 and 30 minutes to confirm a successful withdrawal. Withdrawals on Binance Smart Chain usually only take a few minutes, while Ethereum can take a little longer. The higher the traffic and the more congested the network, the longer you will have to wait.
Why might your withdrawal process on Binance be difficult?
Your transaction may be stuck because the blockchain takes time to confirm your transaction or because the network is congested. As we mentioned before, some blockchains need more confirmation networks than others. During times of heavy traffic, transactions may take longer than expected.
Why can't you withdraw money from Binance?
There are several reasons why you cannot withdraw funds from Binance. First, if you have recently changed your password or disabled your SMS/Google authentication, Binance will suspend withdrawals for 24 hours. If you completely reset your SMS/Google authentication, Binance will suspend withdrawals for 48 hours.
If Binance detects any unusual activity in your account, withdrawals will be temporarily suspended. The purpose of this is to protect your account and money. Additionally, sometimes Binance u001d has upgrades and the system requires withdrawals to be stopped until the update is complete.
What should I do if my withdrawal from Binance has not arrived?
If you have checked that the blockchain is not congested and your withdrawal has not yet arrived, contact Binance Support for further assistance. If you are trying to withdraw fiat currency to your bank account, the process can take days.
summary
Withdrawing cryptocurrency from Binance is a simple and usually problem-free process. Whether you want to withdraw fiat currency or transfer cryptocurrency, all the information you need is displayed on the withdrawal page. If you're having trouble, check your email to see if Binance is suspending withdrawals. You can also use a blockchain explorer to check network congestion. Overall, patience is key here. Most problems are temporary. But if you're still having trouble, the Binance Support Team will be happy to help.