Brief content
The withdrawal process on Binance depends on the cryptocurrency or fiat currency you want to move. Some cryptocurrency can be withdrawn on several different blockchains, so make sure you choose the right one.
The time required for removal depends on the method you use. To withdraw cryptocurrency, each blockchain requires a certain number of confirmations before it appears in your wallet. You can check the status of your transaction using the appropriate blockchain explorer.
Occasionally, Binance may suspend withdrawals due to technical updates. Binance will let you know if this is the case. If, after checking all possible reasons, your withdrawal is still taking too long, you can contact Binance Customer Support.
Introduction
If you want to transfer funds from your Binance account, you will need to go through the withdrawal process. The process will vary depending on the blockchain, cryptocurrency or fiat you want to withdraw. In general, it is very simple, but you must carefully monitor each step so that you do not accidentally lose your funds.
How to withdraw cryptocurrency from Binance
In this example we will withdraw BNB to Trust Wallet and walk through the process step by step.
1. Log in to your Binance account. After logging in, hover over [Wallet] and click [Fiat & Spot].
2. Click [Remove].
3. Select the [Cryptocurrency] tab and select the cryptocurrency you want to withdraw.
4. If the cryptocurrency is issued in several networks, select which one you want to withdraw from.
For example, BNB is issued on Binance Chain as BEP-2 token and on Binance Smart Chain (BSC) as BEP-20 token. Thus, if you want to withdraw funds to the BEP-2 wallet address, select the BEP-2 option. Be extra careful with this step. If you make a withdrawal to the wrong address, you will lose your crypto assets.
5. Click on BNB in your Trust Wallet.
6. Click [Get].
7. Copy your BNB address.
8. Paste it into the [BNB Recipient Address] field on the Binance withdrawal page. If everything is OK, click [Submit].
9. Click [Send Code] and enter the six-digit code you received in the email.
10. Enter your 2FA code. If everything is OK, click [Submit]. You will be able to see your withdrawals in your Transaction History.
How to withdraw fiat currency from Binance
Binance supports over 60 fiat currencies and various payment methods.
1. Log in to your Binance account. After logging in, hover over [Wallet] and click [Fiat & Spot].
2. Click [Remove].
3. Select the [Fiat] tab.
4. Select the fiat currency in which you want to withdraw and the payment method. The payment method depends on your chosen currency and region.
5. Enter the required data and follow the instructions.
6. And enter the confirmation code to confirm the withdrawal.
What is the fee for withdrawing cryptocurrency?
When you withdraw cryptocurrency from your Binance account, a fee is charged to cover the cost of network transactions. For example, withdrawing BNB or Ether (ETH) requires Binance to send the cryptocurrency to another crypto wallet on the blockchain.
In other words, any transaction on Binance Smart Chain, Binance Chain, or Ethereum requires a gas fee that the user must pay to the miner. Binance passes on the cost of this transaction fee to the user.
Each blockchain has its own fee structure, so your cryptocurrency withdrawal fees will vary from coin to coin. Commissions are also dynamic and change depending on network activity. The best and most accurate way to check the withdrawal fee is to go to the withdrawal page itself.
What is the minimum withdrawal amount on Binance?
Each cryptocurrency has a minimum withdrawal amount. You cannot withdraw less than the amount shown on the withdrawal page. You can see a list of all minimum amounts and withdrawal fees on the Deposit and Withdrawal Fees page.
How long does it take to withdraw on Binance?
Binance will process your withdrawal as soon as it is needed, but each blockchain requires a different amount of time to confirm your transaction. Bitcoin (BTC) withdrawals can take an average of 10 to 30 minutes to successfully confirm the withdrawal. Withdrawals on Binance Smart Chain often take just a few minutes, while on Ethereum it can take a little longer. The more traffic the network has, the longer you will have to wait.
Why is my Binance withdrawal stuck in processing?
Your transaction may hang because the blockchain still needs to confirm your transaction or is overloaded. As we mentioned earlier, some blockchains require more network confirmations than others. During periods of heavy traffic, transactions may take much longer than expected.
Why can't I withdraw from Binance?
There are several possible reasons why you may not be able to withdraw from Binance. First, if you have recently changed your password or disabled SMS/Google authentication, Binance will suspend withdrawals for 24 hours. If you perform a full SMS/Google authentication reset, Binance will suspend withdrawals for 48 hours.
If Binance detects abnormal activity in the account, the withdrawal function will be temporarily suspended again. This stop is designed to protect your account and funds. Also, sometimes Binance works on system updates that require you to stop withdrawals until the update is complete.
What should I do if my Binance withdrawals have not arrived?
If you have verified that the blockchain is not overloaded and your withdrawals have still not arrived, please contact Binance Support for further assistance. If you are trying to withdraw fiat to your bank account, it may take several days.
Final thoughts
Withdrawing your cryptocurrency from Binance is a simple and usually hassle-free process. If you want to withdraw fiat or move cryptocurrency, all the necessary information is displayed on the withdrawal page. If you're having trouble, check your email to see if Binance has suspended withdrawals. You can also look at blockchain explorer to check network congestion. In general, patience is the key to success. Most often, all problems are temporary. But if you are still struggling, the Binance support team will be happy to help you.