Practical Guide: How to Make a Withdrawal on Binance?

Binance stands as one of the most widely used cryptocurrency exchange platforms globally. It distinguishes itself from other crypto exchanges and trading platforms through its extensive selection of cryptocurrencies, low fees, and multiple withdrawal options.

With our step-by-step guide for seamless withdrawals, you can register on Binance and withdraw funds in euros or your preferred fiat currency after selling your cryptocurrencies. You’ll also have the flexibility to choose the withdrawal method that best suits your needs.

Preparing for Withdrawal

Before withdrawing funds from Binance, it’s essential to convert your cryptocurrencies into fiat. From your Spot Wallet, click "Convert."

In the next window, select either:

• Market: Executes conversion at the current market rate.
• Limit: Allows you to set a specific conversion rate.

Choose the tokens, the target fiat currency (e.g., EUR or USD), and enter the amount to convert. Click "Balance" to auto-fill the maximum available tokens. The panel will display the equivalent fiat amount—click "Convert" to confirm. Funds will be instantly available in your wallet.

Withdrawal Methods

1. Bank Transfer (SEPA)

1. Navigate to Wallet > Overview > Withdraw.
2. Select the fiat currency (e.g., EUR) and choose SEPA Transfer.
3. Note: The recipient bank account must be verified (via an initial deposit).

• Fee: €1 per transaction.
• Processing Time: 1–3 business days.

👉 Need a verified account? Start here

2. External Wallet Withdrawal

1. Go to Wallet Overview > Withdraw > Crypto.
2. Select the cryptocurrency (e.g., USDT) and paste your external wallet address.
3. Critical: Ensure the network (e.g., ERC-20, TRC-20) matches the address. Mismatches can lead to irreversible loss.
4. Enter the amount, review fees, and confirm via 2FA.

Pro Tip: Always verify supported networks on your external wallet.

3. Peer-to-Peer (P2P) Withdrawal

P2P trading lets you sell crypto directly to other users for fiat.

Steps:

1. Click Trade > P2P Account.
2. Select Sell, choose a payment method (e.g., bank transfer), and set your price.
3. Confirm the sale only after receiving payment.

Warning: Never release crypto without verifying payment receipt.

4. Card Withdrawal (VISA Only)

• Speed: Near-instant (depends on issuer bank).

• Steps:

  1. Navigate to Spot Wallet > Withdraw (EUR).
  2. Select Card, enter amount, and confirm.

Fee: 2% (higher than SEPA for large amounts).

Binance Withdrawal Fees

| Method | Fee | Processing Time |
|-----------------|-------------------|---------------------|
| SEPA Transfer | €1 flat | 1–3 business days |
| Card (VISA) | 2% of amount | Instant |

Tip: SEPA is cost-effective for large withdrawals, while cards offer speed.

FAQs

Q1: Why must my bank account be verified for SEPA?

A: Binance requires an initial deposit to confirm account ownership and prevent fraud.

Q2: Can I withdraw USDT to a Bitcoin address?

A: No! Always use the correct network (e.g., TRC-20 for USDT) to avoid losing funds.

Q3: How do I check P2P transaction status?

A: Use the in-platform chat and confirm payment before releasing crypto.

Key Takeaways

• Double-check wallet addresses and networks.
• SEPA is cheaper; cards are faster.
• P2P trades require trust—verify payments.

👉 Explore secure trading options

Reminder: Follow Binance’s guidelines meticulously to safeguard your assets.