How to Withdraw from Binance to Bank Account: A Simple yet Complete Guide

Withdrawing money from Binance to your bank account is a pretty common need for crypto traders looking to turn digital assets into real-world cash. If you’re new to it, the process can feel a bit overwhelming—especially with all the verification hoops and different withdrawal options.

You’ll need to convert your crypto to fiat (like USD or EUR) inside Binance, then send those funds straight to your linked bank account using methods like ACH or SWIFT. Most big banks around the world accept these transfers, so it’s doable for users in plenty of countries.

This guide walks you through the whole withdrawal process, from getting your account set up to fixing common headaches. I’ll touch on withdrawal fees, how long it all takes, and limits that might trip you up. There’s a FAQ at the end, too, for those little details that always pop up.

Step-by-Step Process to Withdraw from Binance to a Bank Account

You’ll need to secure your Binance account, swap your crypto (like Bitcoin or Ethereum) for fiat, and then finish up the bank transfer using your preferred method.

Signing In and Account Security

Start by logging in to your Binance account—either through the website or the app. Binance will ask for proper authentication before you can do anything with withdrawals.

It’s crucial to turn on two-factor authentication if you haven’t already. That extra step really helps keep your funds safe.

Before you can withdraw to your bank, your account needs to be fully verified. Binance wants users to complete identity verification for fiat withdrawals.

Hop into your security settings and check your account status. If you see any pending verification steps, you’ll need to finish those first.

Converting Cryptocurrencies to Fiat Currency

Most folks keep their crypto—Bitcoin, Ethereum, whatever—in their Binance wallet. But you can’t send those straight to your bank. You have to swap them for fiat currency first.

Go to the trading section in your Binance account. There, you can sell your crypto for USD, EUR, or other fiat using the spot trading feature.

The swap usually happens instantly at whatever the current market rate is. Take a second to look at the rate before you confirm, so you know exactly how much fiat you’ll get.

Once you finish the trade, your fiat balance will show up in your wallet. Now that money’s ready for withdrawal.

Initiating a Fiat Withdrawal to Your Bank Account

Head to the “Wallet” section and find “Fiat and Spot.” Click “Withdraw” next to the fiat currency you want to send out.

Binance will show you the available withdrawal methods for your chosen currency. Pick “Bank Transfer” or whatever bank-related option comes up.

You’ll need to enter your bank account details—make sure you get these right:

• Account holder name

  
  

• Bank account number

  
  

• Routing number or SWIFT code

  
  

• Bank address

Type in the amount you want to withdraw, keeping in mind any minimums for your method.

Choosing Withdrawal Method and Network

Withdrawal methods come with different speeds and fees. SWIFT transfers are global but take longer, while Faster Payments move things quickly for folks in the UK.

In the US, most people use ACH for domestic withdrawals. Europeans usually have SEPA as an option for EUR.

Binance will show you the estimated processing time for each method. Bank transfers can take anywhere from 1 to 5 business days, depending on the network.

Double-check all your details—fees, speed, recipient info—before you confirm. Binance will ask for your authentication code at the end.

Once you confirm, the withdrawal gets processed. You’ll get an email about it, and you can always check your withdrawal history in your account dashboard.

Understanding Fees, Limits, and Troubleshooting Common Issues

Binance charges different withdrawal fees depending on the method and currency, and your limits are tied to how much you’ve verified your account. Problems usually come from verification delays, wrong bank info, or network slowdowns.

Withdrawal Fees and Network Charges

Withdrawal fees on Binance depend on which method you pick. Bank transfers usually cost less than using a credit card.

Crypto withdrawals come with network fees that change depending on how busy the blockchain is. Bitcoin gets pricier when the network’s packed. Ethereum and other coins have their own fee swings.

Fiat withdrawal fees depend on where you live and which bank you use. Some places even offer free transfers if you’re moving enough money. Others always charge a flat fee.

BNB Chain often has the lowest crypto withdrawal fees. If you want to save on fees, try withdrawing when the network isn’t busy.

P2P trading is another option—sometimes cheaper. You sell crypto directly to other people and they pay you by bank transfer or digital payment.

Withdrawal Limits and Compliance

Your withdrawal limits depend on how much you’ve verified your account. Unverified accounts are stuck with low daily and monthly caps. If you finish basic verification, your limits jump up.

Go through advanced verification and most restrictions disappear. Binance will ask for your government ID, proof of address, and maybe more. This step can take a few days.

Daily limits reset every 24 hours from your first withdrawal. Monthly limits reset at the start of each month. These limits cover both fiat and crypto withdrawals.

Compliance rules change by country. Some places want you to report big withdrawals for taxes. It’s a good idea to check your local laws before moving large sums.

Sometimes Binance lowers limits during high market swings, or if they’re doing extra security checks.

Tracking Withdrawals and Managing Delays

You can track your withdrawals in your Binance transaction history. You’ll see the status, any fees, and how long it should take.

Withdrawals show up as “processing,” “completed,” or “failed.” Crypto withdrawals can take just minutes, but bank transfers usually need a few business days.

Crypto network congestion is the top reason for slow withdrawals—Bitcoin and Ethereum slow down when lots of people are using them.

Bank processing times add extra delays for fiat. If it’s a weekend or holiday, expect things to take longer. International transfers always need more time than domestic ones.

Always double-check your wallet address for crypto withdrawals. Get it wrong, and your funds are gone for good.

Resolving Withdrawal Problems

Most withdrawal problems come from typos in your bank info or missing verification. Double-check your account number, routing number, and SWIFT code before you hit submit.

If you run into technical issues or account restrictions, Binance support can help. They usually reply faster if your account is verified and you explain the problem clearly.

If you get an “insufficient balance” error, you probably forgot to factor in the withdrawal fee. Make sure your balance covers both the amount you want to withdraw and the fee.

Crypto withdrawals fail if you use the wrong address format or network. Every coin has its own requirements.

Sometimes banks reject transfers from crypto exchanges. If that happens, you might need to talk to your bank or try P2P trading instead.

Frequently Asked Questions (FAQs)

Bank withdrawals from Binance come with their own steps, fees, and wait times. Usually, you’ll wait 1-5 business days, and the fees depend on your region and method.

What are the steps to transfer my cryptocurrency earnings from Binance to my bank account?

First, finish KYC verification on your Binance account. Then, convert your crypto to fiat using Binance’s trading platform.

Go to the withdrawal section and pick “Fiat” as the withdrawal type. If you haven’t already, add and verify your bank account details.

Enter the amount you want to withdraw and confirm. Binance will show you the fees and processing times before you finalize.

Can I directly withdraw fiat currency to my bank from Binance and, if so, what are the procedures?

Yes, Binance lets you withdraw fiat straight to your bank account in supported regions. You’ll need to finish identity verification and link a verified bank account.

After that, pick “Withdraw” from the wallet menu, choose “Fiat,” and select your currency and bank transfer method.

Type in your amount, check the details, and you’re good to go. ACH is common in the US; SEPA is popular in Europe.

What are the fees associated with withdrawing to a bank account from Binance?

Fees change depending on your region, currency, and method. ACH withdrawals in the US usually cost $15.

SEPA transfers in Europe are cheaper—often around €1.50. Some places offer free withdrawals if you’re moving enough money or have VIP status.

Always check Binance’s fee page before you confirm. The fees show up during the withdrawal process too.

How long does it typically take to process a bank withdrawal from Binance?

Most standard bank withdrawals take 1-3 business days. ACH in the US usually clears in 1-2 days.

SEPA in Europe is fast—often just one business day. International wire transfers can take 3-5 business days, depending on where you’re sending the money.

Weekends and holidays don’t count. Network issues or verification problems can delay things further.

Are there any limits on the amount I can withdraw from Binance to my bank account?

Withdrawal limits depend on your verification level and where you live. Basic verified accounts usually have daily limits between $2,000 and $10,000.

Advanced verification bumps your limit up—sometimes $100,000 a day or more. VIP users might get even higher or unlimited limits.

Limits also change by region and local bank rules. You can check your exact limits in your account settings or on the withdrawal page.

What should I do if my Binance-to-bank withdrawal hasn't been processed within the expected timeframe?

Start by checking your transaction history on Binance. Look for the withdrawal status—does it still say pending, or is it marked as completed?

If Binance says the withdrawal's complete but your money hasn't shown up, it's probably time to call your bank. Sometimes banks hold onto incoming transfers for extra checks, and honestly, they don't always tell you why.

Still stuck? Reach out to Binance customer support. Give them your transaction ID, along with details like the amount, date, and which bank you sent it to. The more info you share, the easier it'll be for them to help.