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💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025)Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC: ➺ Log in to your Binance account ➺ Go to Profile > Identification ➺ Submit your ID (passport, national ID, or driver’s license) ➺ Upload a selfie or complete facial verification ➺ Wait for approval (usually takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Once your identity is verified, link your bank account to Binance. Steps to link your bank: ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > choose Fiat ➺ Select your local currency (e.g., USD, EUR, PKR) ➺ Choose Bank Transfer ➺ Enter your bank details (account number, SWIFT/IBAN, etc.) ➺ Save and verify the information ⚠️ The bank account name must match your Binance profile name. 💰 Step 3: Choose the Withdrawal Amount Now you're ready to withdraw. ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > select Fiat ➺ Choose your currency and Bank Transfer ➺ Enter the amount you want to withdraw ➺ Review the fees and net amount shown before submitting 🔍 Step 4: Confirm Your Withdrawal Double-check all withdrawal details: ➺ Make sure bank account info is correct ➺ Confirm the selected currency ➺ Review withdrawal fees and estimated arrival time Once satisfied, click Submit. 🔐 Step 5: Verify Your Withdrawal Request To protect your account, Binance will ask you to verify your transaction: ➺ 📧 Email Code – Sent to your registered email ➺ 📱 2FA Code – Via SMS or authenticator app Enter both codes to confirm the withdrawal. ⏳ Step 6: Wait for the Funds Binance will begin processing your transaction. ➺ Local transfers: usually 1–3 business days ➺ International transfers: may take 3–5 business days ➺ You’ll receive a confirmation email once the funds are sent 🏁 Step 7: Check Your Bank Account Once processing is complete: ➺ Log in to your bank’s app or online banking ➺ Check if the funds have been credited ➺ If delayed, contact your bank or Binance Support 💡 Tips for Smooth Withdrawals ➺ Complete full KYC to unlock higher withdrawal limits ➺ Review all fees before submitting any request ➺ Use Binance P2P for quicker withdrawals in some regions ➺ Always verify bank details before proceeding ⚠️ Common Withdrawal Issues Problem Solution Bank not linked ➺ Go to Withdraw > Fiat and add your bank Funds delayed ➺ Wait up to 5 business days, then contact Support Wrong details ➺ Cancel and re-submit with the correct info Limits exceeded ➺ Complete full KYC to increase your limits 🧾 Final Thoughts Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading! 🚀 📌 Stay Safe ➺ Don't share your password or 2FA codes ➺ Bookmark official Binance links to avoid scams ➺ Monitor your email and app notifications for updates #BinanceAcademy #CryptoToBank #BinanceWithdraw #CryptoMadeEasy #BinanceSquareFamily

💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025)

Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential.

In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account.

✅ Step 1: Complete Identity Verification (KYC)

Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification.

To complete KYC:

➺ Log in to your Binance account
➺ Go to Profile > Identification
➺ Submit your ID (passport, national ID, or driver’s license)
➺ Upload a selfie or complete facial verification
➺ Wait for approval (usually takes a few minutes to a few hours)

🔒 Note: KYC is mandatory for all fiat withdrawals.

🏦 Step 2: Link Your Bank Account

Once your identity is verified, link your bank account to Binance.

Steps to link your bank:

➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > choose Fiat
➺ Select your local currency (e.g., USD, EUR, PKR)
➺ Choose Bank Transfer
➺ Enter your bank details (account number, SWIFT/IBAN, etc.)
➺ Save and verify the information

⚠️ The bank account name must match your Binance profile name.

💰 Step 3: Choose the Withdrawal Amount

Now you're ready to withdraw.

➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > select Fiat
➺ Choose your currency and Bank Transfer
➺ Enter the amount you want to withdraw
➺ Review the fees and net amount shown before submitting

🔍 Step 4: Confirm Your Withdrawal

Double-check all withdrawal details:

➺ Make sure bank account info is correct
➺ Confirm the selected currency
➺ Review withdrawal fees and estimated arrival time

Once satisfied, click Submit.

🔐 Step 5: Verify Your Withdrawal Request

To protect your account, Binance will ask you to verify your transaction:

➺ 📧 Email Code – Sent to your registered email
➺ 📱 2FA Code – Via SMS or authenticator app

Enter both codes to confirm the withdrawal.

⏳ Step 6: Wait for the Funds
Binance will begin processing your transaction.
➺ Local transfers: usually 1–3 business days
➺ International transfers: may take 3–5 business days
➺ You’ll receive a confirmation email once the funds are sent

🏁 Step 7: Check Your Bank Account
Once processing is complete:
➺ Log in to your bank’s app or online banking
➺ Check if the funds have been credited
➺ If delayed, contact your bank or Binance Support
💡 Tips for Smooth Withdrawals
➺ Complete full KYC to unlock higher withdrawal limits
➺ Review all fees before submitting any request
➺ Use Binance P2P for quicker withdrawals in some regions
➺ Always verify bank details before proceeding

⚠️ Common Withdrawal Issues

Problem Solution

Bank not linked ➺ Go to Withdraw > Fiat and add your bank
Funds delayed ➺ Wait up to 5 business days, then contact Support
Wrong details ➺ Cancel and re-submit with the correct info
Limits exceeded ➺ Complete full KYC to increase your limits

🧾 Final Thoughts

Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled.

For any issues, Binance provides 24/7 customer support.

Happy trading! 🚀

📌 Stay Safe

➺ Don't share your password or 2FA codes
➺ Bookmark official Binance links to avoid scams
➺ Monitor your email and app notifications for updates

#BinanceAcademy #CryptoToBank #BinanceWithdraw #CryptoMadeEasy #BinanceSquareFamily
Naresh-436123147:
but in recent times, many members bank accounts are frozen due to P2P scams
💸 How I Withdraw Funds from Binance to My Bank Account – A Step-by-Step Guide (2025)As someone who actively uses Binance, I know how important it is to be able to move your crypto earnings into your bank account. When I first started, I had a lot of questions. That’s why I decided to put together this easy guide — to help anyone who’s going through the same process. --- ✅ Step 1: Complete Your Identity Verification (KYC) Before you can withdraw any fiat currency (like USD, EUR, or PKR), Binance requires you to complete KYC (Know Your Customer) verification. Here’s how I did it: 🔹 Logged into my Binance account 🔹 Went to Profile > Identification 🔹 Uploaded my ID (passport, national ID, or driver’s license) 🔹 Completed facial verification 🔹 Waited for approval — it only took a few minutes! 🔒 Note: KYC is mandatory for fiat withdrawals. --- 🏦 Step 2: Link Your Bank Account Once my KYC was approved, I linked my bank account directly to Binance. Here’s what I did: 🔹 Went to Wallet > Fiat and Spot 🔹 Clicked on Withdraw and selected Fiat 🔹 Chose my local currency (I used PKR) 🔹 Selected Bank Transfer 🔹 Entered my bank account number and SWIFT/IBAN 🔹 Saved and verified the information ⚠️ Make sure your bank account is in your own name, matching your Binance profile. --- 💰 Step 3: Enter the Withdrawal Amount Now I was ready to withdraw. 🔹 Went back to Wallet > Fiat and Spot 🔹 Clicked on Withdraw 🔹 Selected my currency and Bank Transfer 🔹 Entered the amount I wanted to withdraw 🔹 Reviewed the fee and final amount --- 🔍 Step 4: Double-Check Everything Before clicking submit, I made sure to check: 🔹 My bank details were correct 🔹 The currency I selected matched my bank 🔹 The withdrawal fee and estimated time were fine Once confirmed, I clicked Submit. --- 🔐 Step 5: Verify the Withdrawal Binance sent me two codes for security: 📧 An email code 📱 A 2FA code (I use Google Authenticator) I entered both to confirm the transaction. --- ⏳ Step 6: Wait for the Funds After submitting, Binance began processing my withdrawal. 🔹 Local bank transfers took around 1–3 business days 🔹 International ones might take 3–5 days 🔹 I got a confirmation email once Binance sent the funds --- 🏁 Step 7: Check Your Bank Account Once the processing was done, I: 🔹 Logged into my bank app 🔹 Checked for the deposit 🔹 If it hadn’t arrived in 5 days, I’d contact my bank or Binance support --- 💡 My Tips for Smooth Withdrawals ✔️ Complete full KYC to increase withdrawal limits ✔️ Double-check fees before every transaction ✔️ Use Binance P2P if available in your region — it's often faster ✔️ Always verify your bank details before submitting --- ⚠️ Common Issues I Faced (and Solved) Problem What I Did Bank not linked Added my bank again under Fiat > Withdraw Funds delayed Waited up to 5 days, then contacted support Wrong info entered Cancelled and resubmitted with correct data Withdrawal blocked Completed full KYC and enabled 2FA --- 🧾 Final Thoughts Withdrawing money from Binance to your bank account is actually easy — if you follow the steps carefully. I make sure my KYC is done, my bank info is accurate, and my 2FA is always on. Binance also offers 24/7 support if you ever get stuck. --- 📌 Stay Safe! 🔹 Never share your password or 2FA codes 🔹 Only use official Binance links 🔹 Monitor your email for any withdrawal alert Hope this guide helps you! 💛 If you're new to Binance or crypto withdrawals, save this for reference. #BNBBreaksATH #BinanceAcademy #CryptoToBank #MyBinanceJourney #CryptoMadeEasy #BinanceWithdrawals #BinanceSquareFamily

💸 How I Withdraw Funds from Binance to My Bank Account – A Step-by-Step Guide (2025)

As someone who actively uses Binance, I know how important it is to be able to move your crypto earnings into your bank account. When I first started, I had a lot of questions. That’s why I decided to put together this easy guide — to help anyone who’s going through the same process.

---

✅ Step 1: Complete Your Identity Verification (KYC)

Before you can withdraw any fiat currency (like USD, EUR, or PKR), Binance requires you to complete KYC (Know Your Customer) verification.

Here’s how I did it:

🔹 Logged into my Binance account
🔹 Went to Profile > Identification
🔹 Uploaded my ID (passport, national ID, or driver’s license)
🔹 Completed facial verification
🔹 Waited for approval — it only took a few minutes!

🔒 Note: KYC is mandatory for fiat withdrawals.

---

🏦 Step 2: Link Your Bank Account

Once my KYC was approved, I linked my bank account directly to Binance.

Here’s what I did:

🔹 Went to Wallet > Fiat and Spot
🔹 Clicked on Withdraw and selected Fiat
🔹 Chose my local currency (I used PKR)
🔹 Selected Bank Transfer
🔹 Entered my bank account number and SWIFT/IBAN
🔹 Saved and verified the information

⚠️ Make sure your bank account is in your own name, matching your Binance profile.

---

💰 Step 3: Enter the Withdrawal Amount

Now I was ready to withdraw.

🔹 Went back to Wallet > Fiat and Spot
🔹 Clicked on Withdraw
🔹 Selected my currency and Bank Transfer
🔹 Entered the amount I wanted to withdraw
🔹 Reviewed the fee and final amount

---

🔍 Step 4: Double-Check Everything

Before clicking submit, I made sure to check:

🔹 My bank details were correct
🔹 The currency I selected matched my bank
🔹 The withdrawal fee and estimated time were fine

Once confirmed, I clicked Submit.

---

🔐 Step 5: Verify the Withdrawal

Binance sent me two codes for security:

📧 An email code
📱 A 2FA code (I use Google Authenticator)

I entered both to confirm the transaction.

---

⏳ Step 6: Wait for the Funds

After submitting, Binance began processing my withdrawal.

🔹 Local bank transfers took around 1–3 business days
🔹 International ones might take 3–5 days
🔹 I got a confirmation email once Binance sent the funds

---

🏁 Step 7: Check Your Bank Account

Once the processing was done, I:

🔹 Logged into my bank app
🔹 Checked for the deposit
🔹 If it hadn’t arrived in 5 days, I’d contact my bank or Binance support

---

💡 My Tips for Smooth Withdrawals

✔️ Complete full KYC to increase withdrawal limits
✔️ Double-check fees before every transaction
✔️ Use Binance P2P if available in your region — it's often faster
✔️ Always verify your bank details before submitting

---

⚠️ Common Issues I Faced (and Solved)

Problem What I Did

Bank not linked Added my bank again under Fiat > Withdraw
Funds delayed Waited up to 5 days, then contacted support
Wrong info entered Cancelled and resubmitted with correct data
Withdrawal blocked Completed full KYC and enabled 2FA

---

🧾 Final Thoughts

Withdrawing money from Binance to your bank account is actually easy — if you follow the steps carefully. I make sure my KYC is done, my bank info is accurate, and my 2FA is always on.

Binance also offers 24/7 support if you ever get stuck.

---

📌 Stay Safe!

🔹 Never share your password or 2FA codes
🔹 Only use official Binance links
🔹 Monitor your email for any withdrawal alert

Hope this guide helps you! 💛
If you're new to Binance or crypto withdrawals, save this for reference. #BNBBreaksATH #BinanceAcademy #CryptoToBank #MyBinanceJourney #CryptoMadeEasy #BinanceWithdrawals #BinanceSquareFamily
💸 How to Withdraw from Binance to Your Bank Account: Step-by-StepBinance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC: ➺ Log in to your Binance account ➺ Go to Profile > Identification ➺ Submit your ID (passport, national ID, or driver’s license) ➺ Upload a selfie or complete facial verification ➺ Wait for approval (usually takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Once your identity is verified, link your bank account to Binance. Steps to link your bank: ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > choose Fiat ➺ Select your local currency (e.g., USD, EUR, PKR) ➺ Choose Bank Transfer ➺ Enter your bank details (account number, SWIFT/IBAN, etc.) ➺ Save and verify the information ⚠️ The bank account name must match your Binance profile name. 💰 Step 3: Choose the Withdrawal Amount Now you're ready to withdraw. ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > select Fiat ➺ Choose your currency and Bank Transfer ➺ Enter the amount you want to withdraw ➺ Review the fees and net amount shown before submitting 🔍 Step 4: Confirm Your Withdrawal Double-check all withdrawal details: ➺ Make sure bank account info is correct ➺ Confirm the selected currency ➺ Review withdrawal fees and estimated arrival time Once satisfied, click Submit. 🔐 Step 5: Verify Your Withdrawal Request To protect your account, Binance will ask you to verify your transaction: ➺ 📧 Email Code – Sent to your registered email ➺ 📱 2FA Code – Via SMS or authenticator app Enter both codes to confirm the withdrawal. ⏳ Step 6: Wait for the Funds Binance will begin processing your transaction. ➺ Local transfers: usually 1–3 business days ➺ International transfers: may take 3–5 business days ➺ You’ll receive a confirmation email once the funds are sent 🏁 Step 7: Check Your Bank Account Once processing is complete: ➺ Log in to your bank’s app or online banking ➺ Check if the funds have been credited ➺ If delayed, contact your bank or Binance Support 💡 Tips for Smooth Withdrawals ➺ Complete full KYC to unlock higher withdrawal limits ➺ Review all fees before submitting any request ➺ Use Binance P2P for quicker withdrawals in some regions ➺ Always verify bank details before proceeding ⚠️ Common Withdrawal Issues Problem Solution Bank not linked ➺ Go to Withdraw > Fiat and add your bank Funds delayed ➺ Wait up to 5 business days, then contact Support Wrong details ➺ Cancel and re-submit with the correct info Limits exceeded ➺ Complete full KYC to increase your limits 🧾 Final Thoughts Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading! 🚀 📌 Stay Safe ➺ Don't share your password or 2FA codes ➺ Bookmark official Binance links to avoid scams ➺ Monitor your email and app notifications for updates #BinanceAcademy #CryptoToBank #BinanceWithdrawals #CryptoMadeEasy #BinanceSquareFamily

💸 How to Withdraw from Binance to Your Bank Account: Step-by-Step

Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential.
In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account.
✅ Step 1: Complete Identity Verification (KYC)
Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification.
To complete KYC:
➺ Log in to your Binance account
➺ Go to Profile > Identification
➺ Submit your ID (passport, national ID, or driver’s license)
➺ Upload a selfie or complete facial verification
➺ Wait for approval (usually takes a few minutes to a few hours)
🔒 Note: KYC is mandatory for all fiat withdrawals.
🏦 Step 2: Link Your Bank Account
Once your identity is verified, link your bank account to Binance.
Steps to link your bank:
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > choose Fiat
➺ Select your local currency (e.g., USD, EUR, PKR)
➺ Choose Bank Transfer
➺ Enter your bank details (account number, SWIFT/IBAN, etc.)
➺ Save and verify the information
⚠️ The bank account name must match your Binance profile name.
💰 Step 3: Choose the Withdrawal Amount
Now you're ready to withdraw.
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > select Fiat
➺ Choose your currency and Bank Transfer
➺ Enter the amount you want to withdraw
➺ Review the fees and net amount shown before submitting
🔍 Step 4: Confirm Your Withdrawal
Double-check all withdrawal details:
➺ Make sure bank account info is correct
➺ Confirm the selected currency
➺ Review withdrawal fees and estimated arrival time
Once satisfied, click Submit.
🔐 Step 5: Verify Your Withdrawal Request
To protect your account, Binance will ask you to verify your transaction:
➺ 📧 Email Code – Sent to your registered email
➺ 📱 2FA Code – Via SMS or authenticator app
Enter both codes to confirm the withdrawal.
⏳ Step 6: Wait for the Funds
Binance will begin processing your transaction.
➺ Local transfers: usually 1–3 business days
➺ International transfers: may take 3–5 business days
➺ You’ll receive a confirmation email once the funds are sent
🏁 Step 7: Check Your Bank Account
Once processing is complete:
➺ Log in to your bank’s app or online banking
➺ Check if the funds have been credited
➺ If delayed, contact your bank or Binance Support
💡 Tips for Smooth Withdrawals
➺ Complete full KYC to unlock higher withdrawal limits
➺ Review all fees before submitting any request
➺ Use Binance P2P for quicker withdrawals in some regions
➺ Always verify bank details before proceeding
⚠️ Common Withdrawal Issues
Problem Solution
Bank not linked ➺ Go to Withdraw > Fiat and add your bank
Funds delayed ➺ Wait up to 5 business days, then contact Support
Wrong details ➺ Cancel and re-submit with the correct info
Limits exceeded ➺ Complete full KYC to increase your limits
🧾 Final Thoughts
Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled.
For any issues, Binance provides 24/7 customer support.
Happy trading! 🚀
📌 Stay Safe
➺ Don't share your password or 2FA codes
➺ Bookmark official Binance links to avoid scams
➺ Monitor your email and app notifications for updates
#BinanceAcademy #CryptoToBank #BinanceWithdrawals #CryptoMadeEasy #BinanceSquareFamily
: 📚Crypto Learning Tip Content: New to crypto? Start here ⬇️ Watch Binance Academy Use testnets Join crypto Twitter/X Follow me for easy tips #LearnCrypto #BinanceAcademy
: 📚Crypto Learning Tip
Content:
New to crypto? Start here ⬇️

Watch Binance Academy

Use testnets

Join crypto Twitter/X

Follow me for easy tips
#LearnCrypto #BinanceAcademy
🟢 How to Withdraw Funds from Binance to Bank Account (2025) – Step-by-Step Like a Pro! 🏦💸Thinking of cashing out your crypto profits to your bank? 🔁 Whether you're a newbie or seasoned trader, here's a clear & secure step-by-step guide to withdraw funds from Binance to your bank account with ease! 💼📤 ✅ Step 1: Verify Your Identity (KYC) 🪪 Log in → Profile → Identification → Upload ID + Selfie ⚠️ KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Wallet → Fiat & Spot → Withdraw → Fiat → Choose Currency → Enter Bank Details 💡 Tip: Bank name must match Binance profile name. 💰 Step 3: Enter Withdrawal Amount Choose currency → Bank Transfer → Enter amount → Check fees → Proceed 🔒 Step 4: Confirm Your Request ✔️ Double-check all info ✔️ Estimated arrival time + fees shown before submitting 📲 Step 5: Security Verification Enter Email + 2FA codes to finalize your transaction ⏳ Step 6: Processing Time 🇺🇸 Local: 1–3 business days 🌍 International: 3–5 business days 📩 You’ll get a confirmation email 🏁 Step 7: Check Your Bank Account Log in to your bank app to confirm deposit ✅ ? Tips for Smooth Withdrawals 🔐 Use full KYC to unlock higher limits ⚠️ Always double-check account details ⏱️ P2P may be faster in some regions 🚨 Common Issues & Fixes ❌ Wrong Info → Cancel & Re-submit ⏳ Delay? → Wait 5 days, then contact support 🔗 Bank Not Linked → Go to Withdraw > Add bank 🧠 With this guide, withdrawing from Binance to your bank becomes safe, simple, and stress-free! 😍💳 🔐 Stay safe: ✔️ Enable 2FA ✔️ Use official Binance links ✔️ Never share personal info 📣 Like this helpful guide? 💬 💛 Follow, Like & Share with love 🙏 to help me grow on #BinanceWriteToEarn 💪 Together, we rise on Binance Square 🚀 #BinanceAcademy #CryptoToBank #BinanceWithdraw #Write2Earn #BinanceSquare

🟢 How to Withdraw Funds from Binance to Bank Account (2025) – Step-by-Step Like a Pro! 🏦💸

Thinking of cashing out your crypto profits to your bank? 🔁 Whether you're a newbie or seasoned trader, here's a clear & secure step-by-step guide to withdraw funds from Binance to your bank account with ease! 💼📤

✅ Step 1: Verify Your Identity (KYC)

🪪 Log in → Profile → Identification → Upload ID + Selfie

⚠️ KYC is mandatory for all fiat withdrawals.

🏦 Step 2: Link Your Bank Account

Wallet → Fiat & Spot → Withdraw → Fiat → Choose Currency → Enter Bank Details

💡 Tip: Bank name must match Binance profile name.

💰 Step 3: Enter Withdrawal Amount

Choose currency → Bank Transfer → Enter amount → Check fees → Proceed

🔒 Step 4: Confirm Your Request

✔️ Double-check all info

✔️ Estimated arrival time + fees shown before submitting

📲 Step 5: Security Verification

Enter Email + 2FA codes to finalize your transaction

⏳ Step 6: Processing Time

🇺🇸 Local: 1–3 business days

🌍 International: 3–5 business days

📩 You’ll get a confirmation email

🏁 Step 7: Check Your Bank Account

Log in to your bank app to confirm deposit ✅

? Tips for Smooth Withdrawals

🔐 Use full KYC to unlock higher limits

⚠️ Always double-check account details

⏱️ P2P may be faster in some regions

🚨 Common Issues & Fixes

❌ Wrong Info → Cancel & Re-submit

⏳ Delay? → Wait 5 days, then contact support

🔗 Bank Not Linked → Go to Withdraw > Add bank

🧠 With this guide, withdrawing from Binance to your bank becomes safe, simple, and stress-free! 😍💳

🔐 Stay safe:

✔️ Enable 2FA

✔️ Use official Binance links

✔️ Never share personal info

📣 Like this helpful guide? 💬

💛 Follow, Like & Share with love 🙏 to help me grow on #BinanceWriteToEarn 💪

Together, we rise on Binance Square 🚀

#BinanceAcademy #CryptoToBank #BinanceWithdraw #Write2Earn #BinanceSquare
How to Withdraw Funds from Binance to Your Bank Account: Step-by-Step Guide (2025)#Withdrawing your crypto earnings to your bank account is a crucial step for anyone using Binance—the world’s largest cryptocurrency exchange. Whether you're taking profits or just moving funds around, here’s a simplified and secure way to get your money from Binance into your bank. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. Here’s how: Log in to your Binance account Go to Profile > Identification Upload your government-issued ID (Passport, National ID, or Driver’s License) Complete facial verification or upload a selfie Wait for approval (typically takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat-related transactions on Binance. 🏦 Step 2: Link Your Bank Account After passing KYC, link your bank account to Binance to enable withdrawals. Steps to add your bank: Navigate to Wallet > Fiat and Spot Click Withdraw > Fiat Choose your currency (e.g., USD, EUR, PKR) Select Bank Transfer Enter your bank details (Account No., IBAN/SWIFT, etc.) Save and verify the information ⚠️ Important: Your bank account name must match the name on your Binance profile. 💰 Step 3: Enter the Withdrawal Amount Once your bank is linked: Go to Wallet > Fiat and Spot Click Withdraw > Fiat Select your currency and bank transfer method Enter the withdrawal amount Review applicable fees and the net amount to be received 🔍 Step 4: Review and Confirm Before submitting: Double-check your bank account details Confirm the selected currency and transfer method Review the estimated processing time and any applicable fees Click Submit when everything looks good. 🔐 Step 5: Verify the Withdrawal To secure your transaction, Binance will prompt you for verification: Email Code – Sent to your registered email 2FA Code – From SMS or your Authenticator app Enter both codes to confirm. ⏳ Step 6: Processing Time After confirmation, Binance will begin processing your request: Local transfers: Usually 1–3 business days International transfers: 3–5 business days You’ll receive a confirmation email when funds are dispatched 🏁 Step 7: Check Your Bank Account Log in to your online banking or mobile app: Confirm the funds have arrived If there’s a delay beyond the expected window, contact your bank or reach out to Binance Support 💡 Pro Tips for Smooth Withdrawals ✅ Complete full KYC to unlock higher limits 💸 Review all fees before submitting 🔄 Use Binance P2P in supported regions for faster cash-outs 🔍 Always double-check bank account details before proceeding ⚠️ Common Withdrawal Issues ProblemSolutionBank not linkedGo to Withdraw > Fiat and add your bank detailsFunds delayedWait 3–5 business days, then contact SupportIncorrect bank infoCancel and re-submit with correct informationWithdrawal limit reachedComplete full KYC to raise your withdrawal ceiling 🧾 Final Thoughts Withdrawing fiat from Binance is a simple, secure process—when done right. Keep your identity verified, double-check all details, and ensure your security settings (like 2FA) are active. For help at any point, Binance offers 24/7 customer support. Happy trading and safe withdrawals! 🚀 📌 Stay Secure 🔒 Never share your password or 2FA codes 🔗 Bookmark official Binance URLs to avoid phishing sites 🔔 Monitor your app/email notifications for updates #BinanceAcademy #CryptoToBank #WithdrawCrypto #SecureTrading

How to Withdraw Funds from Binance to Your Bank Account: Step-by-Step Guide (2025)

#Withdrawing your crypto earnings to your bank account is a crucial step for anyone using Binance—the world’s largest cryptocurrency exchange. Whether you're taking profits or just moving funds around, here’s a simplified and secure way to get your money from Binance into your bank.

✅ Step 1: Complete Identity Verification (KYC)

Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification.

Here’s how:

Log in to your Binance account
Go to Profile > Identification
Upload your government-issued ID (Passport, National ID, or Driver’s License)
Complete facial verification or upload a selfie
Wait for approval (typically takes a few minutes to a few hours)

🔒 Note: KYC is mandatory for all fiat-related transactions on Binance.

🏦 Step 2: Link Your Bank Account

After passing KYC, link your bank account to Binance to enable withdrawals.

Steps to add your bank:

Navigate to Wallet > Fiat and Spot
Click Withdraw > Fiat
Choose your currency (e.g., USD, EUR, PKR)
Select Bank Transfer
Enter your bank details (Account No., IBAN/SWIFT, etc.)
Save and verify the information

⚠️ Important: Your bank account name must match the name on your Binance profile.

💰 Step 3: Enter the Withdrawal Amount

Once your bank is linked:

Go to Wallet > Fiat and Spot
Click Withdraw > Fiat
Select your currency and bank transfer method
Enter the withdrawal amount
Review applicable fees and the net amount to be received

🔍 Step 4: Review and Confirm

Before submitting:

Double-check your bank account details
Confirm the selected currency and transfer method
Review the estimated processing time and any applicable fees

Click Submit when everything looks good.

🔐 Step 5: Verify the Withdrawal

To secure your transaction, Binance will prompt you for verification:

Email Code – Sent to your registered email
2FA Code – From SMS or your Authenticator app

Enter both codes to confirm.

⏳ Step 6: Processing Time

After confirmation, Binance will begin processing your request:

Local transfers: Usually 1–3 business days
International transfers: 3–5 business days
You’ll receive a confirmation email when funds are dispatched

🏁 Step 7: Check Your Bank Account

Log in to your online banking or mobile app:

Confirm the funds have arrived
If there’s a delay beyond the expected window, contact your bank or reach out to Binance Support

💡 Pro Tips for Smooth Withdrawals

✅ Complete full KYC to unlock higher limits
💸 Review all fees before submitting
🔄 Use Binance P2P in supported regions for faster cash-outs
🔍 Always double-check bank account details before proceeding

⚠️ Common Withdrawal Issues

ProblemSolutionBank not linkedGo to Withdraw > Fiat and add your bank detailsFunds delayedWait 3–5 business days, then contact SupportIncorrect bank infoCancel and re-submit with correct informationWithdrawal limit reachedComplete full KYC to raise your withdrawal ceiling

🧾 Final Thoughts

Withdrawing fiat from Binance is a simple, secure process—when done right. Keep your identity verified, double-check all details, and ensure your security settings (like 2FA) are active.

For help at any point, Binance offers 24/7 customer support.

Happy trading and safe withdrawals! 🚀

📌 Stay Secure

🔒 Never share your password or 2FA codes
🔗 Bookmark official Binance URLs to avoid phishing sites
🔔 Monitor your app/email notifications for updates

#BinanceAcademy #CryptoToBank #WithdrawCrypto #SecureTrading
I am sharing my losses and result because I want to let you understand in this journey everyone pretending or telling you they have the holy grail or they are always profitable without loses in this ecosystem is a big lie. it is not because you fail a trade or loose money that maybe it was a fake trade or wrong strategy. The key points and sucesss is consistency, discipline and Risk management. I promise to share a profitable strategy and I will do stay tuned still backtesting it😤📉📈 #BinanceAcademy #BNBBreaksATH #BinanceHODLerC
I am sharing my losses and result because I want to let you understand in this journey everyone pretending or telling you they have the holy grail or they are always profitable without loses in this ecosystem is a big lie.
it is not because you fail a trade or loose money that maybe it was a fake trade or wrong strategy.
The key points and sucesss is consistency, discipline and Risk management. I promise to share a profitable strategy and I will do stay tuned still backtesting it😤📉📈
#BinanceAcademy
#BNBBreaksATH
#BinanceHODLerC
S
CFXUSDT
Closed
PNL
-3.91USDT
How I Withdraw Funds from Binance to My Bank Account: A Step-by-Step Guide (2025)*Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC: ➺ Log in to your Binance account ➺ Go to Profile > Identification ➺ Submit your ID (passport, national ID, or driver’s license) ➺ Upload a selfie or complete facial verification ➺ Wait for approval (usually takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Once your identity is verified, link your bank account to Binance. Steps to link your bank: ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > choose Fiat ➺ Select your local currency (e.g., USD, EUR, PKR) ➺ Choose Bank Transfer ➺ Enter your bank details (account number, SWIFT/IBAN, etc.) ➺ Save and verify the information ⚠️ The bank account name must match your Binance profile name. 💰 Step 3: Choose the Withdrawal Amount Now you're ready to withdraw. ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > select Fiat ➺ Choose your currency and Bank Transfer ➺ Enter the amount you want to withdraw ➺ Review the fees and net amount shown before submitting 🔍 Step 4: Confirm Your Withdrawal Double-check all withdrawal details: ➺ Make sure bank account info is correct ➺ Confirm the selected currency ➺ Review withdrawal fees and estimated arrival time Once satisfied, click Submit. 🔐 Step 5: Verify Your Withdrawal Request To protect your account, Binance will ask you to verify your transaction: ➺ 📧 Email Code – Sent to your registered email ➺ 📱 2FA Code – Via SMS or authenticator app Enter both codes to confirm the withdrawal. ⏳ Step 6: Wait for the Funds Binance will begin processing your transaction. ➺ Local transfers: usually 1–3 business days ➺ International transfers: may take 3–5 business days ➺ You’ll receive a confirmation email once the funds are sent 🏁 Step 7: Check Your Bank Account Once processing is complete: ➺ Log in to your bank’s app or online banking ➺ Check if the funds have been credited ➺ If delayed, contact your bank or Binance Support 💡 Tips for Smooth Withdrawals ➺ Complete full KYC to unlock higher withdrawal limits ➺ Review all fees before submitting any request ➺ Use Binance P2P for quicker withdrawals in some regions ➺ Always verify bank details before proceeding ⚠️ Common Withdrawal Issues Problem Solution Bank not linked ➺ Go to Withdraw > Fiat and add your bank Funds delayed ➺ Wait up to 5 business days, then contact Support Wrong details ➺ Cancel and re-submit with the correct info Limits exceeded ➺ Complete full KYC to increase your limits 🟾 Final Thoughts Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading! 📌 Stay Safe ➺ Don't share your password or 2FA codes ➺ Bookmark official Binance links to avoid scams ➺ Monitor your email and app notifications for updates$BNB {spot}(BNBUSDT) #BinanceAcademy #CryptoToBank #BinanceWithdrawals #CryptoMadeEasy #BinanceSmartCart #TradeSmart #CryptoLife #BinanceGlobal #PassiveIncome

How I Withdraw Funds from Binance to My Bank Account: A Step-by-Step Guide (2025)*

Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account.
✅ Step 1: Complete Identity Verification (KYC)
Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC:
➺ Log in to your Binance account
➺ Go to Profile > Identification
➺ Submit your ID (passport, national ID, or driver’s license)
➺ Upload a selfie or complete facial verification
➺ Wait for approval (usually takes a few minutes to a few hours)
🔒 Note: KYC is mandatory for all fiat withdrawals.
🏦 Step 2: Link Your Bank Account
Once your identity is verified, link your bank account to Binance. Steps to link your bank:
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > choose Fiat
➺ Select your local currency (e.g., USD, EUR, PKR)
➺ Choose Bank Transfer
➺ Enter your bank details (account number, SWIFT/IBAN, etc.)
➺ Save and verify the information
⚠️ The bank account name must match your Binance profile name.
💰 Step 3: Choose the Withdrawal Amount
Now you're ready to withdraw.
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > select Fiat
➺ Choose your currency and Bank Transfer
➺ Enter the amount you want to withdraw
➺ Review the fees and net amount shown before submitting
🔍 Step 4: Confirm Your Withdrawal
Double-check all withdrawal details:
➺ Make sure bank account info is correct
➺ Confirm the selected currency
➺ Review withdrawal fees and estimated arrival time
Once satisfied, click Submit.
🔐 Step 5: Verify Your Withdrawal Request
To protect your account, Binance will ask you to verify your transaction:
➺ 📧 Email Code – Sent to your registered email
➺ 📱 2FA Code – Via SMS or authenticator app
Enter both codes to confirm the withdrawal.
⏳ Step 6: Wait for the Funds
Binance will begin processing your transaction.
➺ Local transfers: usually 1–3 business days
➺ International transfers: may take 3–5 business days
➺ You’ll receive a confirmation email once the funds are sent
🏁 Step 7: Check Your Bank Account
Once processing is complete:
➺ Log in to your bank’s app or online banking
➺ Check if the funds have been credited
➺ If delayed, contact your bank or Binance Support
💡 Tips for Smooth Withdrawals
➺ Complete full KYC to unlock higher withdrawal limits
➺ Review all fees before submitting any request
➺ Use Binance P2P for quicker withdrawals in some regions
➺ Always verify bank details before proceeding
⚠️ Common Withdrawal Issues
Problem Solution
Bank not linked ➺ Go to Withdraw > Fiat and add your bank
Funds delayed ➺ Wait up to 5 business days, then contact Support
Wrong details ➺ Cancel and re-submit with the correct info
Limits exceeded ➺ Complete full KYC to increase your limits
🟾 Final Thoughts
Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading!
📌 Stay Safe
➺ Don't share your password or 2FA codes
➺ Bookmark official Binance links to avoid scams
➺ Monitor your email and app notifications for updates$BNB
#BinanceAcademy #CryptoToBank #BinanceWithdrawals #CryptoMadeEasy #BinanceSmartCart #TradeSmart #CryptoLife #BinanceGlobal #PassiveIncome
💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025)Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC: ➺ Log in to your Binance account ➺ Go to Profile > Identification ➺ Submit your ID (passport, national ID, or driver’s license) ➺ Upload a selfie or complete facial verification ➺ Wait for approval (usually takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Once your identity is verified, link your bank account to Binance. Steps to link your bank: ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > choose Fiat ➺ Select your local currency (e.g., USD, EUR, PKR) ➺ Choose Bank Transfer ➺ Enter your bank details (account number, SWIFT/IBAN, etc.) ➺ Save and verify the information ⚠️ The bank account name must match your Binance profile name. 💰 Step 3: Choose the Withdrawal Amount Now you're ready to withdraw. ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > select Fiat ➺ Choose your currency and Bank Transfer ➺ Enter the amount you want to withdraw ➺ Review the fees and net amount shown before submitting 🔍 Step 4: Confirm Your Withdrawal Double-check all withdrawal details: ➺ Make sure bank account info is correct ➺ Confirm the selected currency ➺ Review withdrawal fees and estimated arrival time Once satisfied, click Submit. 🔐 Step 5: Verify Your Withdrawal Request To protect your account, Binance will ask you to verify your transaction: ➺ 📧 Email Code – Sent to your registered email ➺ 📱 2FA Code – Via SMS or authenticator app Enter both codes to confirm the withdrawal. ⏳ Step 6: Wait for the Funds Binance will begin processing your transaction. ➺ Local transfers: usually 1–3 business days ➺ International transfers: may take 3–5 business days ➺ You’ll receive a confirmation email once the funds are sent 🏁 Step 7: Check Your Bank Account Once processing is complete: ➺ Log in to your bank’s app or online banking ➺ Check if the funds have been credited ➺ If delayed, contact your bank or Binance Support 💡 Tips for Smooth Withdrawals ➺ Complete full KYC to unlock higher withdrawal limits ➺ Review all fees before submitting any request ➺ Use Binance P2P for quicker withdrawals in some regions ➺ Always verify bank details before proceeding ⚠️ Common Withdrawal Issues Problem Solution Bank not linked ➺ Go to Withdraw > Fiat and add your bank Funds delayed ➺ Wait up to 5 business days, then contact Support Wrong details ➺ Cancel and re-submit with the correct info Limits exceeded ➺ Complete full KYC to increase your limits 🧾 Final Thoughts Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading! 🚀 📌 Stay Safe ➺ Don't share your password or 2FA codes ➺ Bookmark official Binance links to avoid scams ➺ Monitor your email and app notifications for update #StablecoinLaw #BinanceSquareFamily #BinanceSquareTalks #BinanceAcademy

💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025)

Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential.
In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account.
✅ Step 1: Complete Identity Verification (KYC)
Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification.
To complete KYC:
➺ Log in to your Binance account
➺ Go to Profile > Identification
➺ Submit your ID (passport, national ID, or driver’s license)
➺ Upload a selfie or complete facial verification
➺ Wait for approval (usually takes a few minutes to a few hours)
🔒 Note: KYC is mandatory for all fiat withdrawals.
🏦 Step 2: Link Your Bank Account
Once your identity is verified, link your bank account to Binance.
Steps to link your bank:
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > choose Fiat
➺ Select your local currency (e.g., USD, EUR, PKR)
➺ Choose Bank Transfer
➺ Enter your bank details (account number, SWIFT/IBAN, etc.)
➺ Save and verify the information
⚠️ The bank account name must match your Binance profile name.
💰 Step 3: Choose the Withdrawal Amount
Now you're ready to withdraw.
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > select Fiat
➺ Choose your currency and Bank Transfer
➺ Enter the amount you want to withdraw
➺ Review the fees and net amount shown before submitting
🔍 Step 4: Confirm Your Withdrawal
Double-check all withdrawal details:
➺ Make sure bank account info is correct
➺ Confirm the selected currency
➺ Review withdrawal fees and estimated arrival time
Once satisfied, click Submit.
🔐 Step 5: Verify Your Withdrawal Request
To protect your account, Binance will ask you to verify your transaction:
➺ 📧 Email Code – Sent to your registered email
➺ 📱 2FA Code – Via SMS or authenticator app
Enter both codes to confirm the withdrawal.
⏳ Step 6: Wait for the Funds
Binance will begin processing your transaction.
➺ Local transfers: usually 1–3 business days
➺ International transfers: may take 3–5 business days
➺ You’ll receive a confirmation email once the funds are sent
🏁 Step 7: Check Your Bank Account
Once processing is complete:
➺ Log in to your bank’s app or online banking
➺ Check if the funds have been credited
➺ If delayed, contact your bank or Binance Support
💡 Tips for Smooth Withdrawals
➺ Complete full KYC to unlock higher withdrawal limits
➺ Review all fees before submitting any request
➺ Use Binance P2P for quicker withdrawals in some regions
➺ Always verify bank details before proceeding
⚠️ Common Withdrawal Issues
Problem Solution
Bank not linked ➺ Go to Withdraw > Fiat and add your bank
Funds delayed ➺ Wait up to 5 business days, then contact Support
Wrong details ➺ Cancel and re-submit with the correct info
Limits exceeded ➺ Complete full KYC to increase your limits
🧾 Final Thoughts
Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled.
For any issues, Binance provides 24/7 customer support.
Happy trading! 🚀
📌 Stay Safe
➺ Don't share your password or 2FA codes
➺ Bookmark official Binance links to avoid scams
➺ Monitor your email and app notifications for update
#StablecoinLaw #BinanceSquareFamily #BinanceSquareTalks
#BinanceAcademy
💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025) 🤔💭💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025) Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential. In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account. ✅ Step 1: Complete Identity Verification (KYC) Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification. To complete KYC: ➺ Log in to your Binance account ➺ Go to Profile > Identification ➺ Submit your ID (passport, national ID, or driver’s license) ➺ Upload a selfie or complete facial verification ➺ Wait for approval (usually takes a few minutes to a few hours) 🔒 Note: KYC is mandatory for all fiat withdrawals. 🏦 Step 2: Link Your Bank Account Once your identity is verified, link your bank account to Binance. Steps to link your bank: ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > choose Fiat ➺ Select your local currency (e.g., USD, EUR, PKR) ➺ Choose Bank Transfer ➺ Enter your bank details (account number, SWIFT/IBAN, etc.) ➺ Save and verify the information ⚠️ The bank account name must match your Binance profile name. 💰 Step 3: Choose the Withdrawal Amount Now you're ready to withdraw. ➺ Go to Wallet > Fiat and Spot ➺ Click Withdraw > select Fiat ➺ Choose your currency and Bank Transfer ➺ Enter the amount you want to withdraw ➺ Review the fees and net amount shown before submitting 🔍 Step 4: Confirm Your Withdrawal Double-check all withdrawal details: ➺ Make sure bank account info is correct ➺ Confirm the selected currency ➺ Review withdrawal fees and estimated arrival time Once satisfied, click Submit. 🔐 Step 5: Verify Your Withdrawal Request To protect your account, Binance will ask you to verify your transaction: ➺ 📧 Email Code – Sent to your registered email ➺ 📱 2FA Code – Via SMS or authenticator app Enter both codes to confirm the withdrawal. ⏳ Step 6: Wait for the Funds Binance will begin processing your transaction. ➺ Local transfers: usually 1–3 business days ➺ International transfers: may take 3–5 business days ➺ You’ll receive a confirmation email once the funds are sent 🏁 Step 7: Check Your Bank Account Once processing is complete: ➺ Log in to your bank’s app or online banking ➺ Check if the funds have been credited ➺ If delayed, contact your bank or Binance Support 💡 Tips for Smooth Withdrawals ➺ Complete full KYC to unlock higher withdrawal limits ➺ Review all fees before submitting any request ➺ Use Binance P2P for quicker withdrawals in some regions ➺ Always verify bank details before proceeding ⚠️ Common Withdrawal Issues Problem Solution Bank not linked ➺ Go to Withdraw > Fiat and add your bank Funds delayed ➺ Wait up to 5 business days, then contact Support Wrong details ➺ Cancel and re-submit with the correct info Limits exceeded ➺ Complete full KYC to increase your limits 🧾 Final Thoughts Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled. For any issues, Binance provides 24/7 customer support. Happy trading! 🚀 📌 Stay Safe ➺ Don't share your password or 2FA codes ➺ Bookmark official Binance links to avoid scams ➺ Monitor your email and app notifications for updates #BinanceAcademy #BinanceWithdrawals #BinanceSquareFamily #CryptoMadeEasy #CryptoToBank

💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025) 🤔💭

💸 How to Withdraw Funds from Binance to Your Bank Account: A Step-by-Step Guide (2025)
Binance is the world’s leading cryptocurrency exchange, empowering millions to buy, trade, and manage digital assets. Whether you're a beginner or an experienced trader, understanding how to withdraw your funds from Binance to your bank account is essential.
In this guide, you'll learn how to move your crypto earnings into fiat and have them land safely in your bank account.
✅ Step 1: Complete Identity Verification (KYC)
Before initiating a fiat withdrawal, you must complete KYC (Know Your Customer) verification.
To complete KYC:
➺ Log in to your Binance account
➺ Go to Profile > Identification
➺ Submit your ID (passport, national ID, or driver’s license)
➺ Upload a selfie or complete facial verification
➺ Wait for approval (usually takes a few minutes to a few hours)
🔒 Note: KYC is mandatory for all fiat withdrawals.

🏦 Step 2: Link Your Bank Account
Once your identity is verified, link your bank account to Binance.
Steps to link your bank:
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > choose Fiat
➺ Select your local currency (e.g., USD, EUR, PKR)
➺ Choose Bank Transfer
➺ Enter your bank details (account number, SWIFT/IBAN, etc.)
➺ Save and verify the information
⚠️ The bank account name must match your Binance profile name.
💰 Step 3: Choose the Withdrawal Amount
Now you're ready to withdraw.
➺ Go to Wallet > Fiat and Spot
➺ Click Withdraw > select Fiat
➺ Choose your currency and Bank Transfer
➺ Enter the amount you want to withdraw
➺ Review the fees and net amount shown before submitting
🔍 Step 4: Confirm Your Withdrawal
Double-check all withdrawal details:
➺ Make sure bank account info is correct
➺ Confirm the selected currency
➺ Review withdrawal fees and estimated arrival time
Once satisfied, click Submit.
🔐 Step 5: Verify Your Withdrawal Request
To protect your account, Binance will ask you to verify your transaction:
➺ 📧 Email Code – Sent to your registered email
➺ 📱 2FA Code – Via SMS or authenticator app
Enter both codes to confirm the withdrawal.
⏳ Step 6: Wait for the Funds
Binance will begin processing your transaction.

➺ Local transfers: usually 1–3 business days
➺ International transfers: may take 3–5 business days
➺ You’ll receive a confirmation email once the funds are sent
🏁 Step 7: Check Your Bank Account
Once processing is complete:
➺ Log in to your bank’s app or online banking
➺ Check if the funds have been credited
➺ If delayed, contact your bank or Binance Support
💡 Tips for Smooth Withdrawals
➺ Complete full KYC to unlock higher withdrawal limits
➺ Review all fees before submitting any request
➺ Use Binance P2P for quicker withdrawals in some regions
➺ Always verify bank details before proceeding
⚠️ Common Withdrawal Issues
Problem Solution
Bank not linked ➺ Go to Withdraw > Fiat and add your bank
Funds delayed ➺ Wait up to 5 business days, then contact Support
Wrong details ➺ Cancel and re-submit with the correct info
Limits exceeded ➺ Complete full KYC to increase your limits
🧾 Final Thoughts
Withdrawing from Binance to your bank is a smooth and secure process when the correct steps are followed. Make sure your bank details are correct, your KYC is approved, and your account has 2FA enabled.
For any issues, Binance provides 24/7 customer support.
Happy trading! 🚀
📌 Stay Safe
➺ Don't share your password or 2FA codes
➺ Bookmark official Binance links to avoid scams
➺ Monitor your email and app notifications for updates
#BinanceAcademy
#BinanceWithdrawals
#BinanceSquareFamily
#CryptoMadeEasy
#CryptoToBank
Mee Rosenkrans t0B8:
Yes
Upon completion of the #BinanceAcademy courses, a comprehensive understanding of the subject matter will facilitate effective action. The acquired knowledge transcends mere financial gain, offering an immersive experience within a decentralized ecosystem, governed by collective participation, and presenting diverse opportunities for exploration and engagement. #B #newblockchains #NewCoins #NewLife
Upon completion of the #BinanceAcademy courses, a comprehensive understanding of the subject matter will facilitate effective action. The acquired knowledge transcends mere financial gain, offering an immersive experience within a decentralized ecosystem, governed by collective participation, and presenting diverse opportunities for exploration and engagement.
#B #newblockchains #NewCoins #NewLife
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Bullish
🏅 Certificate Achievement Unlocked! I'm excited to share that I've completed the BNB Chain Developer Specialization Course through Binance Academy 🚀 This course deepened my understanding of blockchain technology and smart contract development on the BNB Chain. A big thank you to Binance Academy for this opportunity to grow and learn! 📜 Certificate Name: BNB Chain Developer Specialization 🛠️ Issued by: Binance Academy & BNB Chain #BNBChain #BinanceAcademy #BlockchainDeveloper #Web3 #DeFi #Crypto
🏅 Certificate Achievement Unlocked!

I'm excited to share that I've completed the BNB Chain Developer Specialization Course through Binance Academy 🚀

This course deepened my understanding of blockchain technology and smart contract development on the BNB Chain.

A big thank you to Binance Academy for this opportunity to grow and learn!

📜 Certificate Name: BNB Chain Developer Specialization
🛠️ Issued by: Binance Academy & BNB Chain

#BNBChain #BinanceAcademy #BlockchainDeveloper #Web3 #DeFi #Crypto
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Bullish
Master the Candlestick Code – The Hidden Weapon of Pro Traders! If you want to trade like the experts, you must learn to read the market’s true language — Candlestick Patterns. No matter if the market is bullish, bearish, or moving sideways, these patterns guide you toward the next major move. 🔥 Bullish Patterns: Hammer & Morning Star — Indicate reversals and buying momentum. Rising Three Methods & Bullish Mat Hold — Confirm strong upward trends. 🔻 Bearish Patterns: Hanging Man & Shooting Star — Point to potential downward shifts. Bearish Three Line Strike & Falling Three Methods — Reinforce selling pressure. ⚖️ Neutral Patterns: Doji & Dragonfly — Signal market indecision; wait for confirmation. Mastering these patterns can elevate your trading strategy. Don’t just follow — understand, act, and trade wisely on Binance! 👉 Learn. Spot. Trade. Profit. #BinanceAcademy #CryptoTrading #CandlestickPatterns #ProTrader #MarketSignals
Master the Candlestick Code – The Hidden Weapon of Pro Traders!
If you want to trade like the experts, you must learn to read the market’s true language — Candlestick Patterns. No matter if the market is bullish, bearish, or moving sideways, these patterns guide you toward the next major move.

🔥 Bullish Patterns:

Hammer & Morning Star — Indicate reversals and buying momentum.

Rising Three Methods & Bullish Mat Hold — Confirm strong upward trends.

🔻 Bearish Patterns:

Hanging Man & Shooting Star — Point to potential downward shifts.

Bearish Three Line Strike & Falling Three Methods — Reinforce selling pressure.

⚖️ Neutral Patterns:

Doji & Dragonfly — Signal market indecision; wait for confirmation.

Mastering these patterns can elevate your trading strategy. Don’t just follow — understand, act, and trade wisely on Binance!

👉 Learn. Spot. Trade. Profit.
#BinanceAcademy #CryptoTrading #CandlestickPatterns #ProTrader #MarketSignals
#softstacking 🟡 What Is Soft Staking & How Do You Activate It on Binance? 🟡 📌 Tired of letting your crypto just sit there? Soft staking lets you earn passive income without locking up your funds. It’s the easiest way to make your idle assets work for you while keeping full control. 💡 What Is Soft Staking? Soft staking is a form of flexible staking that allows users to earn staking rewards without committing to a fixed lock-up period. Unlike traditional staking, you can still trade or withdraw your assets while receiving daily rewards. Think of it like earning interest on a flexible savings account — except it’s crypto. 🔁💰 🧠 Why Use Soft Staking? 🔓 No lock-up: Use your funds anytime 📅 Daily rewards: Earn automatically 🔄 Trade while earning: Your assets remain liquid 📉 Low risk: You're not bound by fixed terms Perfect for HODLers who want passive returns without sacrificing flexibility. 🙌 🛠️ How to Activate Soft Staking on Binance: 1️⃣ Open Binance App or Website 2️⃣ Go to the Binance Earn section 3️⃣ Use the search bar to find your supported asset (e.g., ATOM, DOT, NEAR, etc.) 4️⃣ Click on the asset and select soft Staking 5️⃣ Choose the amount and click Subscribe 6️⃣ Confirm, and you’re done! Rewards will begin automatically 💸 ⚠️ Important: Not every asset supports soft staking — always check availability in the Binance Earn dashboard. 🧾 Example: If you have 100 DOT sitting idle, you can subscribe to flexible staking and start earning daily DOT rewards — with the freedom to unstake anytime you want. No need to sacrifice liquidity for yield. 🚀 TL;DR: Soft staking = Passive Income + Flexibility It's perfect for beginners, long-term holders, and anyone who wants a “set it and forget it” passive earning strategy. 💬 Are you letting your crypto sleep for free? Or are you staking smart? 🔖 #SoftStaking #BinanceEarn #PassiveIncome #CryptoTips #HODLandEarn #BinanceAcademy #CryptoMadeSimple
#softstacking

🟡 What Is Soft Staking & How Do You Activate It on Binance? 🟡

📌 Tired of letting your crypto just sit there?
Soft staking lets you earn passive income without locking up your funds. It’s the easiest way to make your idle assets work for you while keeping full control.

💡 What Is Soft Staking?

Soft staking is a form of flexible staking that allows users to earn staking rewards without committing to a fixed lock-up period. Unlike traditional staking, you can still trade or withdraw your assets while receiving daily rewards.

Think of it like earning interest on a flexible savings account — except it’s crypto. 🔁💰

🧠 Why Use Soft Staking?

🔓 No lock-up: Use your funds anytime
📅 Daily rewards: Earn automatically
🔄 Trade while earning: Your assets remain liquid
📉 Low risk: You're not bound by fixed terms

Perfect for HODLers who want passive returns without sacrificing flexibility. 🙌

🛠️ How to Activate Soft Staking on Binance:

1️⃣ Open Binance App or Website
2️⃣ Go to the Binance Earn section
3️⃣ Use the search bar to find your supported asset (e.g., ATOM, DOT, NEAR, etc.)
4️⃣ Click on the asset and select soft Staking
5️⃣ Choose the amount and click Subscribe
6️⃣ Confirm, and you’re done! Rewards will begin automatically 💸

⚠️ Important: Not every asset supports soft staking — always check availability in the Binance Earn dashboard.

🧾 Example:

If you have 100 DOT sitting idle, you can subscribe to flexible staking and start earning daily DOT rewards — with the freedom to unstake anytime you want. No need to sacrifice liquidity for yield.

🚀 TL;DR:

Soft staking = Passive Income + Flexibility
It's perfect for beginners, long-term holders, and anyone who wants a “set it and forget it” passive earning strategy.

💬 Are you letting your crypto sleep for free? Or are you staking smart?

🔖 #SoftStaking #BinanceEarn #PassiveIncome #CryptoTips #HODLandEarn #BinanceAcademy #CryptoMadeSimple
📉 Master the Candlestick Code – Trade Like a Pro on Binance! Smart traders don’t guess — they read candlesticks. 🔹 Bullish: Hammer, Morning Star → Reversal signals. 🔹 Bearish: Shooting Star, Hanging Man → Trend weakening. 🔹 Neutral: Doji, Dragonfly → Wait for confirmation. Spot the setup. Time your entry. Trade with precision. 👉 Learn. Analyze. Execute. #BinanceAcademy #CandlestickPatterns ---
📉 Master the Candlestick Code – Trade Like a Pro on Binance!

Smart traders don’t guess — they read candlesticks.

🔹 Bullish: Hammer, Morning Star → Reversal signals.
🔹 Bearish: Shooting Star, Hanging Man → Trend weakening.
🔹 Neutral: Doji, Dragonfly → Wait for confirmation.

Spot the setup. Time your entry. Trade with precision.

👉 Learn. Analyze. Execute.
#BinanceAcademy #CandlestickPatterns

---
📚 Binance Write to Earn ဆောင်းပါး (ဥပမာ) အကြောင်းအရာ: How Binance Makes Crypto Easy for Beginners Title: “Binance: The Gateway to Crypto for Everyday People” --- ✨ Introduction In the fast-moving world of cryptocurrencies, Binance stands out as the most user-friendly and reliable platform for both beginners and experts. Whether you're buying your first Bitcoin or learning to stake tokens, Binance makes everything smooth, secure, and simple. --- 🔍 What Makes Binance Unique? 1. Easy Registration & KYC Creating an account takes just minutes. With a few identity documents, KYC is fast and ensures your account is safe and verified. 2. User-Friendly Interface Even if you're new to crypto, Binance’s mobile app and website are clean, clear, and easy to use. 3. Learning While Earning With Binance Academy and Learn & Earn, users can earn crypto rewards while educating themselves. It's a great opportunity for students, freelancers, and curious minds. 4. Low Fees, Big Options Binance offers one of the lowest trading fees in the industry and access to hundreds of coins, futures, margin trading, P2P, and more. --- 💼 Write to Earn - A Chance to Share and Earn Binance gives its community a voice. Through “Write to Earn,” users can: Write articles like this one Share their Binance journey Provide crypto education in simple words Earn tokens or bonuses for popular, high-quality content --- 🛡️ Security and Trust Binance is fully regulated in many regions and uses world-class security measures, including SAFU (Secure Asset Fund for Users) to protect your funds. --- 🚀 Final Thoughts Whether you want to trade, learn, or earn, Binance has all the tools and support you need. Join millions around the world and start your crypto journey today with Binance — your trusted crypto partner. --- 🔗 #Binance #CryptoForBeginners #WriteToEarn #LearnAndEarn #BinanceAcademy #ETHBreaks3700 #AltcoinBreakout
📚 Binance Write to Earn ဆောင်းပါး (ဥပမာ)

အကြောင်းအရာ: How Binance Makes Crypto Easy for Beginners
Title: “Binance: The Gateway to Crypto for Everyday People”

---

✨ Introduction

In the fast-moving world of cryptocurrencies, Binance stands out as the most user-friendly and reliable platform for both beginners and experts. Whether you're buying your first Bitcoin or learning to stake tokens, Binance makes everything smooth, secure, and simple.

---

🔍 What Makes Binance Unique?

1. Easy Registration & KYC

Creating an account takes just minutes. With a few identity documents, KYC is fast and ensures your account is safe and verified.

2. User-Friendly Interface

Even if you're new to crypto, Binance’s mobile app and website are clean, clear, and easy to use.

3. Learning While Earning

With Binance Academy and Learn & Earn, users can earn crypto rewards while educating themselves. It's a great opportunity for students, freelancers, and curious minds.

4. Low Fees, Big Options

Binance offers one of the lowest trading fees in the industry and access to hundreds of coins, futures, margin trading, P2P, and more.

---

💼 Write to Earn - A Chance to Share and Earn

Binance gives its community a voice. Through “Write to Earn,” users can:

Write articles like this one

Share their Binance journey

Provide crypto education in simple words

Earn tokens or bonuses for popular, high-quality content

---

🛡️ Security and Trust

Binance is fully regulated in many regions and uses world-class security measures, including SAFU (Secure Asset Fund for Users) to protect your funds.

---

🚀 Final Thoughts

Whether you want to trade, learn, or earn, Binance has all the tools and support you need. Join millions around the world and start your crypto journey today with Binance — your trusted crypto partner.

---

🔗 #Binance #CryptoForBeginners #WriteToEarn #LearnAndEarn #BinanceAcademy #ETHBreaks3700 #AltcoinBreakout
Binance Academy
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What Is Blockchain and How Does It Work?
Key Takeaways

Blockchain is a digital ledger that securely records transaction data across a distributed network of computers.

Blockchain ensures data integrity through its immutable nature via cryptography and consensus mechanisms, meaning once information is recorded, it cannot be altered retroactively.

Blockchain forms the backbone of cryptocurrency networks like Bitcoin and Ethereum, and is instrumental in fostering transparency, security, and trust in various sectors beyond finance.

Introduction

Blockchain technology has transformed industries, especially finance, by introducing a decentralized, transparent, and secure way of managing data and transactions. While it began as the foundation for cryptocurrencies like Bitcoin, its applications have grown to include supply chain management, healthcare, voting systems, and much more.

What Is Blockchain?

A blockchain is a special kind of database. It’s a decentralized digital ledger that’s maintained by a distributed network of computers. Blockchain data is organized into blocks, which are chronologically arranged and secured by cryptography.

This structure ensures that the data is transparent, secure, and immutable. It’s virtually impossible to change data stored in a block after the block is confirmed and added to the chain. The decentralized structure also removes the need for a central authority. Blockchain transactions can happen between users without the need for intermediaries.

There are different types of blockchains with varying degrees of decentralization. Still, the term blockchain usually refers to a decentralized digital ledger used to record cryptocurrency transactions.

Brief history of blockchain

The earliest model of a blockchain was created in the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta employed cryptographic techniques in a chain of blocks as a way to secure digital documents from data tampering.

Haber and Stornetta inspired the work of many other computer scientists and cryptography enthusiasts, eventually leading to the creation of Bitcoin as the first cryptocurrency powered by blockchain technology. Since then, blockchain adoption has grown significantly, and cryptocurrencies are now a global phenomenon.

While blockchain technology is often used to record cryptocurrency transactions, it’s suitable for recording many other types of digital data and can be applied to a wide range of use cases.

Key features and benefits of blockchain

Decentralization: Information is stored across a network of computers (nodes) rather than a single central server. Big decentralized networks like Bitcoin are highly resistant to attacks.

Transparency: Most blockchains are public, meaning all participants have access to the same database. Transactions are visible to all participants.

Immutability: Once data is added to the blockchain, it cannot be altered without network consensus.

Data security: Cryptography and consensus mechanisms ensure robust protection against data tampering.

Efficiency: Blockchain can enable faster and cheaper transactions by removing the need for intermediaries. Transactions are processed in near real-time.

What Is Decentralization in Blockchain?

Decentralization in blockchain refers to the idea that the control and decision-making power of a network is distributed among its users rather than controlled by a single entity, such as a bank, government, or corporation.

In a decentralized blockchain network, there’s no central authority or intermediary that controls the flow of data or transactions. Instead, transactions are verified and recorded by a distributed network of computers that work together to maintain the integrity of the network.

How Does Blockchain Work?

At its core, a blockchain is a digital ledger that securely records transactions between two parties in a tamper-proof manner. These transaction data are recorded by a globally distributed network of computers (nodes).

When Alice sends Bob some bitcoin, the transaction is broadcast to the network. Each node authenticates the transaction by verifying digital signatures and other transaction data. Once the transaction is verified, it's added to a block along with other transactions. We can think of each block as a page of the digital ledger.

Blocks are chained together using cryptographic methods, forming the blockchain. The process of verifying transactions and adding them to the blockchain is done through a consensus mechanism, a set of rules that govern how nodes on the network come to an agreement about the state of the blockchain and the validity of transactions.

Blockchain in a Nutshell

1. Transaction recording

When a transaction is initiated (e.g., transferring cryptocurrency), it is broadcast to a network of nodes. Each node validates the transaction using predefined rules.

2. Block formation

Validated transactions are grouped into a block. Each block contains:

Data (e.g., transaction details)

A timestamp

A cryptographic hash: A unique identifier created by running the block’s data through a hashing algorithm.

Previous block's hash: This is what links blocks together, forming the chain.

3. Consensus mechanism

To add a block to the chain, participants in the network must agree on its validity. This is achieved using a consensus algorithm, such as Proof of Work (PoW) and Proof of Stake (PoS). We will discuss both in more detail soon, but here is a brief summary:

Proof of Work (PoW): Used by Bitcoin, PoW requires block validators to use computational power to solve complex problems.

Proof of Stake (PoS): Used by newer blockchains like Ethereum, where block validators are chosen based on their stake in the network.

4. Chain linking

Once validated, the block is added to the blockchain. Each subsequent block references the previous one, ensuring a tamper-proof structure. In other words, for a new block to be validated, it must use the previous block identifier.

5. Transparency

Another feature of blockchain is its transparency. Anyone can generally check a blockchain’s data, including all the transaction data and block data, on public websites known as blockchain explorers.  

For example, you can see every transaction that’s ever recorded on the Bitcoin network, including the sender and receiver’s wallet address, the amount of the transfer, and much more. You can also trace all Bitcoin blocks all the way back to the first block, known as the genesis block.

Blockchain Cryptography

Cryptography is key for the blockchain to maintain a secure, transparent, and tamper-resistant record of transactions. For example, hashing is a crucial cryptographic method used in blockchains. It’s a cryptographic process that converts an input of any size into a fixed-size string of characters.

The hash functions used in blockchains are generally collision-resistant, meaning that the odds of finding two pieces of data that produce the same output are astronomically small. Another feature is called the avalanche effect, referring to the phenomenon that any slight change in the input data would produce a drastically different output. 

Let's illustrate this with SHA256, a function used in Bitcoin. As you can see, changing the capitalization of the letters caused the output to be dramatically different. Hash functions are also one-way functions because it’s computationally infeasible to arrive at the input data by reverse engineering the hash output.

Input data

SHA256 output

Binance Academy

886c5fd21b403a139d24f2ea1554ff5c0df42d5f873a56d04dc480808c155af3

Binance academy

4733a0602ade574551bf6d977d94e091d571dc2fcfd8e39767d38301d2c459a7

binance academy

a780cd8a625deb767e999c6bec34bc86e883acc3cf8b7971138f5b25682ab181

Each block within a blockchain securely contains the hash of the preceding block, establishing a robust chain of blocks. Anyone wanting to alter one block would need to modify all the succeeding blocks, a task that is not only technically challenging but also prohibitively costly.

Another cryptographic method widely used in blockchain is public-key cryptography. Also called asymmetric cryptography, it helps establish secure and verifiable transactions between users.

This is how it works. Each participant has a unique pair of keys: a private key, which they keep secret, and a public key, which is openly shared. When a user initiates a transaction, they sign it using their private key, creating a digital signature.

Other users in the network can then verify the transaction's authenticity by applying the sender's public key to the digital signature. This approach ensures secure transactions because only the legitimate owner of the private key can authorize a transaction, and everyone can verify the signatures using the public key.

What Is a Consensus Mechanism?

A consensus algorithm is a mechanism that allows users or machines to coordinate in a distributed setting. It needs to ensure that all agents in the system can agree on a single source of truth, even if some agents fail. 

Consensus mechanisms ensure that all nodes in the network have the same copy of the ledger, which contains a record of all transactions.

When tens of thousands of nodes keep a copy of the blockchain's data, some challenges can quickly arise, including data consistency and malicious nodes. To ensure the integrity of the blockchain, there are various consensus mechanisms that govern how network nodes reach an agreement. Let's take a closer look at the major consensus mechanisms.

Types of Consensus Mechanisms

What is Proof of Work?

Proof of Work (PoW) is a consensus mechanism used in many blockchain networks to verify transactions and maintain the integrity of the blockchain. It's the original consensus mechanism used by Bitcoin.

In PoW, miners compete to solve a complex mathematical problem in order to add the next block to the blockchain. In a process known as mining, the first miner to solve the problem is rewarded with cryptocurrency.

Miners must use powerful computers to solve mathematical problems, mine new coins, and secure the network. This is why the mining process requires significant amounts of resources (computational power and energy). 

What is Proof of Stake?

Proof of Stake (PoS) is a consensus mechanism designed to address some of the drawbacks of Proof of Work (PoW). In a PoS system, instead of miners competing to solve complex mathematical problems to validate transactions and add new blocks to the blockchain, validators are chosen based on the amount of cryptocurrency they "stake" in the network.

The stake represents the amount of crypto held by validators as collateral. Usually, PoS validators are randomly selected to create new blocks and validate transactions based on the size of their stake. They are rewarded with transaction fees for creating new blocks and as an incentive to act in the best interest of the network. If they act maliciously, they risk losing their staked crypto.

Other popular consensus mechanisms

Proof of Work and Proof of Stake are the most common consensus algorithms, but there are many other types. Some are hybrids that combine elements from both systems, while others are different methods altogether.

For example, delegated Proof of Stake (DPoS) is similar to PoS, but instead of all validators being eligible to create new blocks, token holders elect a smaller set of delegates to do so on their behalf.

On the other hand, in Proof of Authority (PoA), validators are identified by their reputation or identity rather than the amount of cryptocurrency they hold. Validators are selected based on their trustworthiness and can be removed from the network if they act maliciously.

What Are the Different Types of Blockchain Networks?

Public blockchain

A public blockchain is a decentralized network that is open to anyone who wants to participate. These networks are typically open-source, transparent, and permissionless, meaning that anyone can access and use them. Bitcoin and Ethereum are examples of public blockchains.

Private blockchain

A private blockchain, as the name suggests, is a blockchain network that is not open to the public. Private blockchains are typically run by a single entity, such as a company, and are used for internal purposes and use cases.

Private blockchains are permissioned environments with established rules that dictate who can see and write to the chain. They are not decentralized systems because there is a clear hierarchy of control. However, they can be distributed in that many nodes maintain a copy of the chain on their machines.

Consortium blockchain

A consortium blockchain is a hybrid of public and private blockchains. In a consortium blockchain, multiple organizations come together to create a shared blockchain network that is jointly managed and governed. These networks can be either open or closed, depending on the needs of the consortium members.

Instead of an open system where anyone can validate blocks or a closed system where only a single entity designates block producers, a consortium chain sees a handful of equally powerful parties acting as validators. 

The rules of the system are flexible: visibility of the chain can be limited to validators, visible to authorized individuals, or visible to all. If the validators can reach a consensus, changes can be easily implemented. As for how the blockchain works, if a certain threshold of these parties behave honestly, the system won't run into problems.

What Is Blockchain Used For?

While blockchain technology is still in its infancy, it already has use cases in many different industries. Some of the most common current applications of blockchain technology include:

1. Cryptocurrencies

Blockchain technology was developed to support the creation of cryptocurrencies, which use blockchain as a secure and decentralized ledger for recording transactions.

While traditional cross-border transactions involve intermediaries and high fees, blockchain enables faster, cheaper, and more transparent international transfers. Apart from its store of value property, many use Bitcoin and other cryptocurrencies for global remittance.

2. Smart contracts

Smart contracts are self-executing contracts that can be programmed to execute automatically when certain conditions are met. Blockchain technology enables the creation and execution of smart contracts in a secure and decentralized manner.

One of the most popular applications of smart contracts is for decentralized applications (DApps) and organizations (DAOs), which are a big part of decentralized finance (DeFi) platforms. DeFi platforms leverage blockchain to provide financial services like lending, borrowing, and trading without traditional institutions. This democratizes access to financial tools.

3. Tokenization

Real-world assets (RWA) such as real estate, stocks, or art can be tokenized (converted into digital tokens on a blockchain). This can improve liquidity and broaden access to investment opportunities.

4. Digital identity

Blockchain can be used to create secure and tamper-proof digital identities that can be used to verify personal information and other sensitive data. This could become increasingly important as more of our personal information and assets move online.

5. Voting

By providing a decentralized, tamper-proof ledger of all votes cast, blockchain technology can be used to create a secure and transparent voting system that eliminates the possibility of voter fraud and ensures the integrity of the voting process.

6. Supply chain management

Blockchain technology can be used to create a ledger of all transactions within a supply chain. Each transaction (or group of transactions) can be recorded as a block on the blockchain, creating an immutable and transparent record of the entire supply chain process.

Closing Thoughts

Blockchain technology offers a secure and transparent way to record transactions and store data. It’s a technology that is revolutionizing industries by bringing a new level of trust and security to the digital world.

Whether enabling peer-to-peer transactions, creating new forms of digital assets, or facilitating decentralized applications, blockchain technology opens up a world of possibilities. As the technology continues to evolve and gain wider adoption, we can expect more innovative and transformative use cases to emerge in the coming years.

Further Reading

What Is Cryptocurrency and How Does It Work?

What Is a Stablecoin?

What Is Cryptocurrency Mining and How Does It Work?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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