TL;DR - SUMMARY
The process to withdraw funds from Binance depends on the cryptocurrency or fiat currency you want to transfer. Some crypto can be withdrawn to multiple different blockchains, so make sure you select the right one.
The time required to withdraw funds differs depending on the method you use. For crypto withdrawals, each blockchain will require a certain number of confirmations before the funds will show in your wallet. You can check the status of your transaction using the corresponding blockchain explorer.
From time to time, Binance may suspend withdrawals due to technical updates. Binance will inform you when this occurs. If your withdrawal of funds is taking too long, after checking all possible causes you can contact Binance Support.
Introduction
If you want to transfer funds from your Binance account, you will need to complete the withdrawal process. The process will vary depending on the blockchain, cryptocurrency or fiat currency you wish to withdraw. Overall it's very simple, but you'll need to follow each step carefully to ensure you don't accidentally lose your funds.
How to withdraw cryptocurrency from Binance
In this example, we will withdraw BNB to Trust Wallet, and we will analyze the process step by step.
1. Log in to your Binance account. Once you are logged in, point the cursor to [Wallet] and click on [Fiat and spot].
2. Click [Withdraw].
3. Select the [Crypto] tab and choose the cryptocurrency you want to withdraw.
4. If the currency has been issued on multiple networks, select the one you want to withdraw from.
For example, BNB is issued on Binance Chain as a BEP-2 token and on Binance Smart Chain (BSC) as a BEP-20 token. Therefore, if you want to withdraw to a BEP-2 wallet address, choose the BEP-2 option. Be very careful with this step. If you withdraw to the wrong address, you could lose your crypto assets.
5. Pulsa and BNB and tu Trust Wallet.
6. Click on [Receive].
7. Copy your BNB address.
8. Paste it to [Recipient's BNB Address] on the Binance withdrawal page. If everything looks correct, click [Submit].
9. Click [Send Code], and enter the six-digit code that you will receive in your email.
10. Enter your 2FA code. If everything is in order, click [Submit]. You will be able to see your outgoing withdrawals in your Transaction History.
How to withdraw fiat currency from Binance
Binance supports over 60 fiat currencies and multiple different payment methods.
1. Log in to your Binance account. Once you are logged in, point the cursor to [Wallet] and click on [Fiat and spot].
2. Click [Withdraw].
3. Select the [fiat] tab.
4. Select the fiat currency you want to withdraw and the payment method. Different payment method options are based on the selected currency and region.
5. Enter the required details and follow the instructions.
6. And enter your verification code to confirm the withdrawal.
What are cryptocurrency withdrawal fees?
Withdrawing crypto from your Binance account involves fees to cover the cost of network transactions. For example, to withdraw BNB or Ether (ETH), Binance must send said crypto to a different crypto wallet on the blockchain.
In other words, any transaction on Binance Smart Chain, Binance Chain or Ethereum requires a gas fee that the user must pay to the miners. Binance passes on the cost of this transaction fee to the user.
Each blockchain has its own fee schedule, so your cryptocurrency withdrawal fees will vary from one to another. The commissions are dynamic and change depending on the activity of the network. The best and most accurate way to find out the withdrawal fees is to go to the withdrawal page itself.
What is the minimum withdrawal amount on Binance?
Each cryptocurrency has a minimum withdrawal amount. It is not possible to withdraw less than the amount indicated on the withdrawal page. You can consult a list with all the minimum amounts and withdrawal fees on our Deposit and Withdrawal Fees page.
How long does a withdrawal on Binance take?
Binance will process your withdrawal as soon as you request it, but each blockchain takes a different period of time to confirm your transaction. Bitcoin (BTC) can take an average of ten to thirty minutes to successfully confirm your withdrawal. Withdrawals to Binance Smart Chain generally take only a few minutes, while Ethereum may take a little longer. The more congested the network is with traffic, the longer you will have to wait.
Why is my Binance withdrawal not progressing?
Your transaction may be stuck because the blockchain has yet to confirm it or because it is congested. As we mentioned above, some blockchains require more network confirmations than others. During periods of high traffic, transactions may take much longer than expected.
Why can't I withdraw funds from Binance?
There are several potential reasons why you cannot withdraw from Binance. Firstly, if you recently changed your password or disabled your Google/SMS authenticator, Binance will suspend withdrawals for 24 hours. If you fully reset your Google/SMS authenticator, Binance will suspend your withdrawals for 48 hours.
If Binance detects any suspicious activity on your account, the withdrawal feature will also be temporarily suspended. This interruption is done to protect your account and funds. In addition, Binance works from time to time on system improvements, which require withdrawals to be stopped until the update is complete.
What should I do if my Binance withdrawal did not arrive?
If you verified that the blockchain is not congested and your withdrawal has not arrived yet, contact the Binance support team for further assistance. If you are trying to withdraw fiat to your bank account, the process may take multiple days.
In conclusion
Withdrawing your crypto from Binance is a simple process that usually goes smoothly. Whether you want to withdraw fiat or transfer crypto, all the information you need is displayed on the withdrawal page. If you're having trouble, check your email to see if Binance has temporarily suspended withdrawals. You can also check a blockchain explorer to check if the network is congested. Overall, patience is the key here. Most of the time, all problems are temporary. But if these persist, then the Binance support team will be happy to help you.