FAQ

How to Withdraw Bitcoin NFTs from Binance

2023-06-06 10:00

You can withdraw Bitcoin NFTs from Binance easily by following the steps below. Please note that you must complete Identity Verification first. If you haven’t, you’ll be prompted to do so when you attempt to withdraw NFTs.

Binance NFT currently supports P2PKH, P2WPKH, and P2TR address types. We recommend you use a Bitcoin Ordinals NFT-supported wallet. In addition, please note that bulk withdrawal is currently not supported for Bitcoin NFTs.

How to withdraw a Bitcoin NFT from the Binance NFT Marketplace? A step-by-step guide

1. Log in to your Binance account and visit the Binance NFT homepage. Go to [Profile] - [My NFTs].

2. Go to the [Collected] tab. You can view all your NFTs here by [Collection View] or [Asset View].

Please note that you cannot withdraw listed assets.

Withdrawing from Collection View

3a. Select a collection and click [Confirm].

3b. You will be redirected to the collection. Select the NFT you would like to withdraw and click [Confirm].

Withdrawing from Asset View

3a. Select the NFT you want to withdraw and click [Confirm].

3b. Alternatively, visit the NFT listing page and click [Withdraw] directly.

4. After selecting your asset, the system will display the corresponding network in which they are kept. Please select the network’s native cryptocurrency in your wallet to pay the gas fee. The withdrawal fees are subject to change according to the network status.

Please note that if the selected NFTs are on their minted network, you need to enter the corresponding address correctly, or your assets might be lost. Make sure you choose a wallet that is compatible with Binance NFT withdrawal.

5. Select the wallet address you would like to withdraw to under [Withdraw to].

6. Check the network and the destination wallet address. Click [Confirm] to withdraw.

7. Once the process is complete, you can check the withdrawal record from [Activity] - [Withdrawals]. You can also check the withdrawal status here.

Note:

You can only select assets that can be withdrawn. If the NFT or opened Mystery Box cannot be withdrawn, you will see [Withdrawal not supported]. It will be grayed out and cannot be selected.

Frequently Asked Questions

1. How long does it take to withdraw an NFT on Binance?

Typically, NFT withdrawals will be processed within 2 hours.

2. What are withdrawal fees?

To transfer an NFT to other marketplaces, you’ll need to withdraw your NFT from the Binance NFT Marketplace to your wallet. Please note that you must connect your wallet to Binance first.

Withdrawals to crypto addresses outside Binance NFT typically incur a “transaction fee” or “network fee”. This fee is not paid to Binance but to miners or validators responsible for processing the transactions and securing the respective blockchain network.

*Binance NFT will adjust the withdrawal fee according to the network status. Please refer to the updated fees on the withdrawal page.

3. Why can’t I withdraw my NFTs?

NFTs cannot be withdrawn under the following circumstances:

  • Your account exceeded the maximum quantity limit;
  • You are trying to withdraw NFTs from different networks in a single withdrawal request;
  • You are trying to withdraw NFTs with an error status.

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