Key Takeaways
- Knowing how to withdraw money from Binance to a bank account is important if you want to convert your crypto into real money for everyday use;
- However, if you’re not planning to cash out and prefer long-term storage for your coins, moving it to a hardware wallet can be a better alternative in terms of security;
- Binance provides useful features for safe and hassle-free asset withdrawals, but it’s also important to stay vigilant and follow security best practices on your end.
You’ve just hit the jackpot with your trade on Binance, and now, you’re ready to cash out! Or maybe you want to keep your crypto profits safe for the future. No matter your goal, you're in the right place! I've compiled a step-by-step guide on how to withdraw money from Binance tailored just for you.
Here’s a little spoiler: the process is really simple, and I’ll walk you through each step as well as share some handy tips to make withdrawing money from Binance to your bank account or crypto wallet straightforward.
So, let’s jump right in—don’t let your gains float around for too long!
How to Withdraw Money From Binance to Your Bank Account
When it comes to figuring out how to withdraw money from Binance, the platform simplifies the whole process with its built-in "Buy & Sell" feature. This handy tool allows you to sell your crypto assets and quickly cash them out as fiat currency, transferring the funds to your chosen bank account with ease.As of writing, this service supports over 100 fiat currencies, including USD, EUR, CNY, AUD, and IDR, and offers more than 700 payment methods worldwide, providing plenty of flexibility no matter where you are.
Plus, you can access Binance easily from both your computer and mobile device, making it convenient to withdraw your funds. In this section, I’ll guide you through how to withdraw money from Binance to your bank account using both interfaces so you can choose whichever is most convenient for you.
Using a Web Browser
If you’ve been using Binance for a while, you probably agree that its intuitive design makes navigating the platform on a computer a breeze. Whether you're trading crypto, staking, or even trying your hand at margin trading, the platform makes all feel like a walk in the park.
And when it comes to figuring out how to withdraw money from Binance to a bank account? It’s just as straightforward! Let me break the process down step by step:
Step 1: Start by logging into your Binance account. Once you're in, go to the [Buy Crypto] section and choose the [Sell] tab.Step 2
: Next up, decide which coins you’d like to cash out. Choose the digital asset from your account from the dropdown and specify how much you want to sell by entering the amount in the provided column.Step 3: Now, pick the fiat currency you wish to receive in your bank account from the dropdown. Binance supports many major currencies, so choose the one that suits you best.Step 4: Here, select your preferred method for the transaction. Make sure to designate your bank account or online banking (it might be different based on your fiat currency) to receive the funds, and then click [Confirm].Step 5: Lastly, click on [Sell] to wrap up your transaction. The platform will handle the conversion from crypto to regular money, and you’re almost done! Just follow any extra confirmation, and your Binance fiat withdrawal will be processed.And that’s it! Once you’ve completed these steps, your transaction will be on its way.
Now that you know how to withdraw money from Binance to your bank account using a web browser, there’s no need to rush to check your bank balance. Withdrawal times can vary, so it might take a little while for the funds to show up.
In the meantime, you can easily track the status of your withdrawal by visiting the [View History] section to check on your order whenever you like.
Using a Mobile Phone
Imagine you’re on vacation in Japan, taking in the sights from a bustling train. At some point, you decide to check the crypto market, and suddenly, your heart drops—there’s significant turmoil in the market!You know you need to sell your coins right away, and you're thinking about how to cash out of Binance in this situation!
Fortunately, Binance has your back with its handy mobile app that you can easily download and set up. Using the "Buy & Sell" feature, you can withdraw your money directly from your phone, and the process is really user-friendly. As long as you have an internet connection, you can quickly figure out how to cash out of Binance using your Android or iOS device. Just follow these steps:
Step 1: First things first, open the Binance app on your mobile phone. Once you’re logged in, tap the [Trade] option in the main dashboard and select [Sell].Step 2: Next, scroll through your crypto assets and select the coins you want to cash out. Enter the number you wish to sell, or use the percentage button to make the process faster. After you decide, proceed by tapping the [Select Receive Method].Step 3: Now, pick the fiat currency you want in your bank account. Whether it’s USD, EUR, CNY, or another option, the app makes it a breeze with just a couple of taps. Just make sure to double-check your selection so your funds land safely in the right currency.
Step 4: Choose your bank account as the recipient and ensure all details are accurate.
Step 5: Confirm and complete the transaction.
Now that you’ve successfully learned how to withdraw money from Binance to your bank account using your mobile phone, you can enjoy your vacations without worrying about finding an internet café for your transactions. If the market drops unexpectedly again, you can manage everything right from your smartphone, wherever you are.
How to Transfer Cryptocurrency From Binance to a Hardware Wallet
If you've gained some nice profits from your crypto trading, and instead of cashing out to fiat, you're debating on holding the assets for the long haul. Naturally, your next steps will be to learn how to withdraw money from Binance to a secure wallet.And when it comes to keeping your crypto safe for months or even years, transferring it to a hardware wallet is the way to go. While Binance has solid security measures and a good reputation, a hardware wallet offers that extra peace of mind. These wallets store your private keys offline, protecting them from online threats like hacking and malware.[1]
Now, when talking about top-notch hardware wallets, two names always come up: Ledger Nano X and Trezor Safe 5. Both are highly regarded for their security features and are ideal for safe-keeping your digital assets.
Ledger Nano X
Ledger Nano X is the go-to choice if you're looking for state-of-the-art security and versatility. As one of the leading hardware wallets out there, it supports over 5,000 coins, lets you manage your assets right from your mobile device, and boasts a more user-friendly design compared to its predecessor.
Before I show you how to withdraw funds from Binance and transfer them to the wallet, make sure you have the Ledger Live app installed on your PC and that your Ledger Nano X is set up and ready to go.
Step 1: First, head over to Binance and log in.
Step 2: Once you’re in, hover over the menu at the top and select [Wallet], click on [Spot], and select [Withdraw].
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