How to Withdraw Money from Binance to Bank Account: Step-by-Step Guide

If you trade or invest in cryptocurrencies on Binance, there might come a time when you want to withdraw your profits or funds directly to your bank account. The process is straightforward, but it’s important to follow the correct steps to avoid delays or extra fees.

In this guide, we’ll walk you through how to withdraw money from Binance to your bank account safely and efficiently.

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Step 1: Log in to Your Binance Account

1. Visit Binance.com or open the Binance app.

2. Enter your email/phone number and password.

3. Complete any security verification  (2FA, email code, or phone verification).

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Step 2: Go to the Withdrawal Page

1. On the web version, hover over “Wallet” in the top menu and click “Fiat and Spot”.

2. Click on the “Withdraw” button.

3. On the app, tap “Wallets” → “Funding” → “Withdraw”.

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Step 3: Select Fiat Withdrawal

• Choose “Fiat” instead of “Crypto” to withdraw traditional currency like USD, EUR, GBP, or your local currency.

• From the drop-down menu, select your currency.

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Step 4: Choose Bank Transfer Method

Binance offers different withdrawal options depending on your country:

• Bank Transfer (SWIFT)

• SEPA Transfer (for EU countries)

• Instant Bank Payment (available in some regions)

Select your preferred bank transfer method.

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Step 5: Enter Withdrawal Details

1. Enter the amount you want to withdraw.

2. Add your bank account information (if it’s your first time).

   • Name: Must match your Binance account name.

   • Account number / IBAN

   • Bank name and SWIFT/BIC code (if required)

3. Double-check all details before proceeding.

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Step 6: Confirm and Complete

1. Review the fees and total amount you’ll receive.

2. Click “Continue”.

3. Complete 2FA verification to confirm your withdrawal.

4. Binance will process your request—bank withdrawals can take 1–5 business days, depending on the method.

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Withdrawal Fees & Limits

• Fees vary by currency and method. For example:

  • SEPA Transfer: Low fee, usually €1–€2.

  • SWIFT Transfer: Higher fees may apply.

• Minimum and maximum limits depend on your KYC verification level.

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Tips for a Smooth Binance Bank Withdrawal

• Ensure your name matches on both Binance and your bank account.

• Use a bank account in your country’s currency to avoid extra conversion fees.

• Double-check all bank details to avoid failed transactions.

• Complete KYC verification for higher withdrawal limits.

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Final Thoughts

Withdrawing money from Binance to your bank account is a simple process once you know the steps. Always ensure your bank details are correct, choose the right transfer method, and be aware of fees. Following this guide will help you move your funds from crypto to cash with ease.

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FAQs

1. How long does it take to withdraw from Binance to a bank account?

Most bank transfers take 1–5 business days, but some methods (like instant payments) can be faster.

2. Can I withdraw without KYC verification?

No, Binance requires identity verification before allowing fiat withdrawals.

3. Are there withdrawal fees?

Yes, fees depend on your withdrawal method and currency.

4. Can I withdraw to someone else’s bank account?

No, Binance only allows withdrawals to accounts under your name.

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