How to Withdraw From Binance In 2022? (Money/Crypto)

Withdraw From Binance Guide

Do you know how to withdraw from Binance?

How to Withdraw Money from Binance ...
How to Withdraw Money from Binance - Complete Step-by-Step Guide

If your answer is NO then don’t worry, we have got you covered.

Binance is arguably one of the most popular Cryptocurrency platforms.

If you use Binance and have assets in your account then you must be wondering how to withdraw from Binance.

If that’s the question you are having in your mind then don’t worry, we have a detailed guide explaining how to withdraw money (fiat currency) or Cryptocurrency from Binance right now.

Also Read >> BINANCE FUTURES QUIZ ANSWERS

If you are curious to know how is it done then you will have to read this post till the end.

Without any further ado, let’s get started:

How to Withdraw From Binance

Since the Binance withdrawal process for Fiat money or Cryptocurrency is a bit different, we will explain their procedure separately.

Withdrawing Crypto From Binance

To withdraw Crypto from Binance, you will have to follow a few simple steps:

First, visit the official website of Binance.

Once you are on the site, click on the login button and log in using your email ID and password.

When you do so, you will be asked to get a code on your registered phone number. Enter the verification code and log in to Binance.

Withdraw From Binance

Once logged in, click on the Wallet tab and from the drop-down menu, select ‘Fiat and Spot’ as shown in the above picture.

Withdraw From Binance

On a new page, you will have to click on the ‘Withdraw’ tab located below the Wallet option.

Clicking on the ‘Withdraw‘ tab will take you to a new page, where you will have to click on the ‘Crypto’ tab.

When you do so, you will be asked to select the Cryptocurrency you want to withdraw.

Make sure to select the right ‘Withdrawal Network’.

Withdraw From Binance

Since we are withdrawing BNB from Binance, we can select either BEP2 (BNB Beacon Chain) or BEP20 (BNB Smart Chain BSC).

Before you proceed, make sure the network that you have entered is the same as the address entered to withdraw Cryptocurrency from Binance.

Also Read >> HOW TO SEND BNB FROM BINANCE TO METAMASK

Once done, now you will have to enter the recipient’s address.

If you already have the recipient address saved on Binance then you can delete it from the Address Book.

Withdraw From Binance

To add the recipient address on Binance, click on the ‘New Address’ tab and enter the Recipient address, which you want to add.

Once entered, select the Network and MEMO if required.

Notably, if you whitelist the security feature enabled on Binance, you would not be able to add a new address here.

Yes, you will have to use the ‘Address Management’ option to add a new address.

Once you entered a network on Binance, you will have to click on the ‘Save’ button to proceed.

When you do so, you will be asked to authorise the addition by two-factor authentication (2FA).

Once you have successfully added a network to Binance, head back to the Crypto withdrawal page and select the coin that you want to withdraw from Binance, newly address wallet address and transfer network.

After entering the required details, click on the ‘Submit’ button.

Doing this will ask you to confirm the transaction using two-factor authentication.

Once done, click on the ‘Submit‘ button to withdraw Crypto from Binance.

Withdrawing Fiat Currency From Binance

To withdraw money from Binance, you will have to follow the steps mentioned below:

First, visit the official Binance website and log in.

Once logged in click on the ‘Wallet’ tab located at the top navigation bar.

Withdraw From Binance

From the drop-down menu, click on the ‘Fiat and Spot’ option as shown in the above picture.

Withdraw From Binance

When you do so, you will be taken to the Binance withdrawal page. Click on the ‘Withdraw’ button.

Before you proceed, make sure you have Fiat Currently in your Binance account or else you would not be able to withdraw money from Binance.

If you don’t have fiat currency in your Binance account, you will have to sell your Cryptocurrency first.

Withdraw From Binance

Once you are on the withdrawal page, click on the ‘Withdraw Fiat‘ as shown in the above picture.

Withdraw From Binance

Now, you will have to select the fiat currency that you want to withdraw, and select the preferred payment method.

Withdraw From Binance

When you click on the Continue button, you will be asked to add a new card.

It will only appear to users who are withdrawing money from Binance for the first time.

Also Read >> HOW TO DELETE BINANCE ACCOUNT?

Once you entered your card number, expiry date and security code (CVV), click on the Next button.

Once you have successfully added a new card, you will be asked to enter the amount you want to withdraw from Binance.

Notably, there are two payment methods that are supported by Binance at the moment — Payment cards (credit/debit) and Cash transfers.

Binance and PaySafe had recently announced that people now can deposit and withdraw through the SEPA payment network (SEPA) and Faster Payment Service (FPS), respectively.

The newly announced features would not be able in Netherland and Switzerland.

After entering the amount that you want to withdraw, click on the Continue button to proceed.

When you do so, you will be prompted to fill in the receiving account details. Once provided, click on the Continue button.

Once you provided all the required details, you will be asked to confirm the provided details such as amount, payment method, transaction fee and the estimated time it will take for you to receive the money in your bank account.

If everything you provided is correct, click on the Confirm and proceed to security verification using 2FA.

That’s it. You have successfully withdrawn fiat currency from Binance.

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