💸 How to Transfer Money from Binance to Your Bank Account - Complete Guide! 💸
Want to cash out your crypto profits from Binance to your bank account? Here’s a step-by-step guide to ensure a smooth transfer:
1. Account Setup & Identity Verification
Ensure your Binance account is fully verified with KYC (Know Your Customer).
Verification requires valid ID (passport, driver’s license) and may take a few minutes to a few hours.
2. Add Your Bank Account to Binance
Go to Wallet > Fiat and Spot, select Withdraw, and choose your currency (USD, EUR).
Select Bank Transfer as the withdrawal method, and enter your bank account details.
Important: The bank account name must match your Binance account name.
3. Convert Cryptocurrency to Fiat
If your funds are in crypto, convert them to fiat (USD, EUR).
Go to Trade > Convert/Spot Trading, select the crypto, and convert to your preferred fiat currency.
4. Initiate the Bank Transfer
Go to Wallet > Fiat and Spot > Withdraw, select Fiat, then Bank Transfer as the withdrawal method.
Enter the amount, review fees, and confirm.
5. Understand Fees & Processing Times
Binance charges a small withdrawal fee, shown during the transaction.
Processing can take a few hours to several days, depending on your bank and location.
6. Troubleshooting Tips
Double-check bank details, as errors may delay withdrawals.
If there’s an unexpected delay, contact Binance Support.
7. Alternative Withdrawal Methods
Binance also offers P2P Trading and Debit/Credit Card Withdrawal options, ideal for specific regions.
With these steps, managing Binance withdrawals to your bank is straightforward—always review fees and processing times for the best experience!
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