#FromBinanceMoneyToYourBankAccountTeansfer
Here’s a step-by-step guide on how to transfer money from Binance to your bank account:
Step 1: Convert Cryptocurrency to Fiat Currency
1. Log in to Binance: Open the Binance app or go to the Binance website and log in to your account.
2. Go to "Wallet": Navigate to your "Wallet" and select "Fiat and Spot."
3. Sell Cryptocurrency: Select the cryptocurrency you want to sell, click "Trade," and choose a suitable trading pair (e.g., BTC/USDT). Convert your crypto to fiat currency (like USD, EUR, PHP) by completing a "Sell" trade.
Step 2: Withdraw Fiat to Your Bank
1. Go to "Withdraw": After converting your crypto to fiat, navigate to "Wallet" > "Fiat and Spot" > "Withdraw."
2. Choose Fiat Withdrawal: Select the fiat currency you converted (e.g., USD or PHP).
3. Select Withdrawal Method: Choose a bank transfer option (options vary by country and bank). Some common methods include:
Bank Transfer (SWIFT) – for international transactions.
Bank Transfer (local) – if Binance supports local transfers in your country.
4. Enter Bank Details: Provide your bank account details. Make sure all information is accurate to avoid delays.
5. Confirm Withdrawal: Enter the amount you wish to transfer, review the fees, and confirm. Binance will show estimated time for the transfer.
Step 3: Verify and Confirm
1. Complete Security Verification: Depending on your settings, Binance may require two-factor authentication (2FA) and/or an email or SMS confirmation.
2. Wait for Processing: Withdrawals usually take a few minutes to several days, depending on your bank and the withdrawal method.
Tips:
Fees: Check the fees for bank transfers, as they may vary by region.
Withdrawal Limits: Be aware of Binance’s withdrawal limits and your bank’s policies.
Currency Support: Ensure that Binance supports withdrawals to your bank in the selected currency.
Following these steps should help you transfer funds successfully from Binance to your bank account.