Withdraw money & crypto on Binance
In this article, we will discuss how you can cash out money & crypto from your Binance account. With this simple step-by-step plan, you will have your balance in your bank account in no time.
How can you get money paid out?
In the first part of this manual, we will discuss how you can withdraw money from your Binance account. Depending on the region you live in and the currency you use, you can choose several withdrawal options.
To withdraw money, first navigate to Wallet and then Fiat and Spot.
Press the Withdraw button.
Click on the Withdraw Fiat button.
Then select the currency you wish to withdraw. In this example, we will show you how to withdraw euros. If you want to withdraw a different currency, simply select it and follow the appropriate steps.
Often, it is mandatory to verify your identity first. Only after the verification is complete, you can withdraw the amount to your bank account. In this article, we will discuss in more detail how the verification of your account works.
Option 1: credit card
You can quickly transfer your Binance fiat balance to your Visa credit card. The costs for this are 1% over the total amount on your account.
Option 2: Advcash
You can withdraw your Binance funds via Advcash. Through this external service, you can withdraw the funds in your account to your bank account. You pay €5 plus 0.5% over the amount you want to withdraw.
Option 3: transfer to your SEPA bank account
At Binance, you can also transfer your funds directly to your bank account. In most cases, Binance does not charge for payments into your bank account. This option is not available in all countries.
How can you withdraw cryptos?
To withdraw cryptos, first navigate to Wallet and then Fiat and Spot.
Then press the Withdraw button.
In the withdrawal screen, you can enter which crypto coin you want to withdraw. You can also enter the address you would like to send the crypto to: note that you need to copy this address without mistakes; otherwise, you may lose the entire amount that you would like to withdraw. In some cases, you also have to enter the MEMO. Without the MEMO code, your transaction will fail.
Make sure you select the correct network. Not all crypto exchanges support all networks. Binance does not always show the correct networks; if you select the wrong network, you will lose the full amount of your withdrawal. It is recommended to select the cheapest & fastest network.
After you have filled in all the details, you can submit the withdrawal request. Binance will then execute it.