How to Withdraw Money from Binance (2025 Guide)

Knowing how to get your money out is just as important as knowing how to put it in. In this guide, we'll walk you through every method of withdrawing from Binance, whether you want to move crypto to a hardware wallet or cash out to your local bank account.

Overview of Withdrawal Methods

Binance offers three primary ways to withdraw your funds:

1. Flat Withdrawal (Bank Account): Direct transfer to your bank via SEPA, SWIFT, or local bank rails.
2. P2P Withdrawal: Selling your crypto to another person for local currency (most popular for many regions).
3. Crypto Withdrawal: Sending your assets to another exchange or a private wallet (like Ledger or Trust Wallet).

---

Method 1: Withdraw Fiat to Your Bank Account

If you want to cash out directly to your bank account, follow these steps:

Step 1: Sell Your Crypto for Fiat

You cannot withdraw "Bitcoin" directly to a bank account. You must first sell it for your local currency (USD, EUR, GBP, etc.).

1. Go to Trade -> Spot.
2. Sell your crypto for your local fiat currency.

Step 2: Navigate to Fiat and Spot

1. Click Wallet -> Fiat and Spot.
2. Click the Withdraw button at the top right.
3. Select the Fiat tab.

Step 3: Choose Your Currency and Method

1. Select the currency you want to withdraw.
2. Choose your preferred withdrawal method (e.g., Bank Card (Visa/MC) or Bank Transfer).
3. Enter the amount you wish to withdraw.

Step 4: Confirm Security Checks

You will need to enter your 2FA codes (Google Authenticator, SMS, and Email). Once confirmed, the funds will be on their way.

Processing Time: Usually minutes for cards, or 1-3 business days for bank transfers.

---

Method 2: Binance P2P Withdrawal (Recommended for Global Users)

Binance P2P is often the fastest and cheapest way to get money into your local bank account, especially in regions where direct bank integrations are limited.

How it works:

You "sell" your USDT to a buyer on Binance. The buyer sends money to your bank account, and then Binance releases the crypto to the buyer. It's safe because Binance acts as an escrow.

Step-by-Step:

1. Move your funds to your Funding Wallet.
2. Go to Trade -> P2P.
3. Click the Sell tab.
4. Select the crypto you have (usually USDT) and the fiat currency you want.
5. Choose a buyer with a high completion rate (95%+) and the right payment method.
6. Enter the amount and click Sell USDT.
7. Wait for the buyer to send money to your bank account.
8. CRITICAL: Only click "Payment Received" AFTER you have confirmed the money is in your actual bank app. Do not trust screenshots from the buyer.

---

Method 3: Withdraw Crypto to Another Wallet

If you've made a profit and want to secure it in "Cold Storage," follow these steps:

1. Go to Wallet -> Fiat and Spot.
2. Click Withdraw and select the Crypto tab.
3. Select the coin (e.g., BTC, ETH, SOL).
4. Paste your destination address from your other wallet.
5. Select the Network: Ensure the network matches (e.g., use the Solana network for SOL). Selecting the wrong network will result in permanent loss of funds!
6. Confirm the amount and pass the security verification.

---

Important Withdrawal Tips

• Check Your Limits: New accounts may have lower daily withdrawal limits until they complete higher levels of verification.
• Verify the Address: Always triple-check the recipient's address.
• Fees: Binance charges a small network fee for crypto withdrawals, which varies depending on the blockchain's congestion.
• Whitelisting: For extra security, enable "Withdrawal Whitelisting" in your security settings to only allow withdrawals to trusted addresses.

Ready to optimize your trading?

If you haven't started your journey yet, join millions of users on Binance today.

Sign Up for Binance & Start Trading →

---

Disclaimer: Cryptocurrency trading and withdrawals involve risk. Always verify addresses and transaction details. This is not financial advice.