Résumé
The procedure for withdrawing your funds from Binance depends on the cryptocurrency or fiat currency you wish to move. Some cryptocurrencies can be withdrawn on several different blockchains, so take care to select the correct one.
The time it takes to withdraw funds varies depending on the method you use. For cryptocurrency withdrawals, each blockchain will require a certain number of confirmations before appearing in your wallet. You can check the status of your transaction using the corresponding blockchain explorer.
Sometimes Binance may suspend withdrawals due to technical upgrades. Binance will notify you if this is the case. If it turns out that your withdrawal is still taking too long after checking all possible reasons, you can contact Binance customer support.
Introduction
If you want to transfer funds from your Binance account, you will need to go through the withdrawal process. The process changes depending on which blockchain, cryptocurrency, or fiat currency you want to withdraw. Overall, it's very simple, but you need to be careful to follow each step carefully to make sure you don't accidentally lose your funds.
How to withdraw cryptocurrencies from Binance?
In this example, we will withdraw BNB to Trust Wallet and do it step by step.
1. Log in to your Binance account. Once you are logged in, hover over [Wallet], then click [Fiat & Spot].
2. Click [Withdrawal].
3. Select the [Cryptocurrency] tab and choose the cryptocurrency you want to withdraw.
4. If the cryptocurrency is issued on several networks, select the one from which you wish to make your withdrawal.
For example, BNB is issued on Binance Chain as the BEP-2 token and on Binance Smart Chain (BSC) as the BEP-20 token. Therefore, if you want to withdraw the funds to a BEP-2 wallet address, choose the BEP-2 option. Be very careful with this step. If you deposit to the wrong address, you risk losing your funds.
5. Tap BNB in your Trust Wallet.
6. Press [Receive].
7. Copy your BNB address.
8. Paste it into [Recipient's BNB Address] on the Binance withdrawal page. If everything seems correct, click on the [Send] button.
9. Click [Send Code] and enter the six-digit code you received by email.
10. Enter your 2FA code. If everything looks good, click the [Send] button. You will be able to see your outgoing withdrawals in your transaction history.
How to withdraw fiat from Binance?
Binance supports over 60 fiat currencies and several different payment methods.
1. Log in to your Binance account. Once you are logged in, hover over [Wallet], then click [Fiat & Spot].
2. Click [Withdrawal].
3. Select the [Fiat] tab.
4. Select the currency you want to withdraw and the payment method. Payment method options are based on the currency and region you select.
5. Enter the required information and follow the instructions.
6. Then enter your verification code to confirm the withdrawal.
What are cryptocurrency withdrawal fees?
Withdrawing cryptocurrencies from your Binance account incurs fees to cover the cost of network transactions. For example, to withdraw BNB or Ether (ETH), Binance must send the cryptocurrencies to another cryptocurrency wallet on the blockchain.
In other words, any transaction on Binance Smart Chain, Binance Chain or Ethereum requires gas fees that the user must pay to miners. Binance passes the cost of these transaction fees on to the user.
Each blockchain has its own fee schedule, so your fees for withdrawing cryptocurrencies will vary from currency to currency. Fees are also dynamic and change based on network activity. The best and most accurate way to check 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. You cannot withdraw less than the amount indicated on the withdrawal page. You can see a list of all minimum amounts and withdrawal fees on our Deposit and Withdrawal Fees page.
How long does a withdrawal take on Binance?
Binance will process your withdrawal as soon as it is requested, but each blockchain takes a different amount of time to confirm your transaction. It takes on average between 10 and 30 minutes to confirm a bitcoin (BTC) withdrawal. Withdrawals from Binance Smart Chain often only take a few minutes, while withdrawals from Ethereum can take a little longer. The more traffic congested a network is, the longer you will have to wait.
Why is my Binance withdrawal stuck in processing?
Your transaction may be blocked because the blockchain has yet to confirm your transaction or is congested. As we've already mentioned, some blockchains need more network confirmations than others. During busy periods, transactions may take much longer than expected.
Why can't I withdraw funds 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 do a full reset of your SMS/Google authentication, Binance will suspend withdrawals for 48 hours.
If Binance detects abnormal activity on your account, the withdrawal function will be temporarily suspended. This suspension is to protect your account and funds. Additionally, Binance occasionally makes system updates that require withdrawals to be stopped until the update is complete.
What should I do if my Binance deposit hasn't arrived?
If you have verified that the blockchain is not congested and your withdrawal has still not arrived, contact the Binance support team for assistance. If you attempt to withdraw fiat funds to your bank, it may take several days.
To conclude
Withdrawing your crypto from Binance is a simple process that generally goes smoothly. Whether you want to exit in fiat or move cryptocurrencies, all the information you will need is displayed on the withdrawal page. If you're having trouble, check your email to see if Binance has possibly suspended withdrawals. You can also consult a blockchain explorer to check network congestion. Overall, patience is the key here. Most often, all problems are temporary. But if you still have difficulty, then the Binance support team will be happy to help you.
