How to Withdraw Funds from Binance to Your Bank Account.
#Binance is one of the most popular cryptocurrency exchanges globally, offering users a wide range of trading options and services. Whether you're a beginner or an experienced trader, knowing how to withdraw your funds from Binance to your bank account is crucial. In this guide, we will walk you through the process of withdrawing funds, step-by-step, ensuring that you can access your earnings smoothly and securely.
Step 1: Complete Identity Verification (KYC)
Before you can withdraw any funds from Binance to your bank account, you need to complete the Know Your Customer (KYC) process. This is a regulatory requirement to ensure that Binance is complying with global anti-money laundering laws.
Log in to your Binance account.
Navigate to your Profile and select Identity Verification.
Complete the requested details, such as uploading an ID document (passport, national ID, or driver’s license) and a selfie for verification.
After submitting your documents, wait for Binance to verify your identity. This process may take anywhere from a few minutes to a few hours.
Once your KYC is approved, you will be able to withdraw funds to your bank account.
Step 2: Link Your Bank Account to Binance
Before initiating a withdrawal, make sure that your bank account is linked to your Binance account. Here’s how to do it:
Log in to your Binance account.
Go to your Wallet and select Fiat and Spot.
Click on Withdraw.
Choose Fiat as the withdrawal option.
Select your Currency (USD, EUR, GBP, etc.)
Select Bank Transfer as the withdrawal method.
If you haven't linked your bank account yet, Binance will prompt you to add it. Follow the instructions to enter your bank details, including your account number, routing number (for US-based banks), and any other required information.
After linking your bank account, you’ll be able to transfer funds directly to it.
Step 3:Choose Your Withdrawal Amount
Once your bank account is successfully linked, you can now choose the amount you wish to withdraw.
Next Part 2