Binance is the world’s leading cryptocurrency exchange, trusted by millions worldwide. Whether you’re cashing out profits or moving funds for personal use, this guide will show you exactly how to withdraw your money to your bank account — plus how to stay safe from P2P scams.
✅ Step 1: Complete Identity Verification (KYC)
Before you can withdraw fiat currency, you must complete Binance’s Know Your Customer (KYC) process.
How to complete KYC:
➜ 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 via selfie or webcam
➜ Wait for approval (usually minutes to a few hours)
🔒 Without KYC, bank withdrawals aren’t possible.
🏦 Step 2: Link Your Bank Account
Once verified, connect your bank account to Binance.
Steps:
➜ Go to Wallet > Fiat and Spot
➜ Click Withdraw > Fiat
➜ Select your local currency (USD, EUR, PKR, etc.)
➜ Choose Bank Transfer as the withdrawal method
➜ Enter your account details (account number, SWIFT/IBAN, etc.)
➜ Save and verify
⚠️ The bank account name must match your Binance profile name exactly.
💰 Step 3: Select Your Withdrawal Amount
➜ Go to Wallet > Fiat and Spot
➜ Click Withdraw > Fiat
➜ Choose your currency and Bank Transfer
➜ Enter the withdrawal amount
➜ Review fees and the net amount before submitting
🔍 Step 4: Confirm Withdrawal Details
➜ Check your bank account info carefully
➜ Confirm the currency is correct
➜ Review withdrawal fees and estimated arrival time
➜ Click Submit if everything looks correct
🔐 Step 5: Security Verification
To protect your funds, Binance will require:
➜ 📧 Email Code – Sent to your registered email
➜ 📱 2FA Code – Via SMS or Google Authenticator
Enter both codes to approve your withdrawal.
⏳ Step 6: Processing Time
➜ Local transfers: 1–3 business days
➜ International transfers: 3–5 business days
➜ You’ll receive an email confirmation once the funds are sent
🏁 Step 7: Confirm in Your Bank Account
➜ Check your bank’s app or online banking
➜ If funds are delayed, contact your bank or Binance Support
💡 Tips for Smooth Bank Withdrawals
➜ Complete full KYC to unlock higher withdrawal limits
➜ Double-check fees before confirming
➜ For faster withdrawals in some countries, try Binance P2P
➜ Keep 2FA enabled for maximum security
🛡 How to Stay Safe When Using Binance P2P (Avoid Scams)
Binance P2P can be a fast and fee-free way to cash out, but scammers sometimes target beginners.
Here’s how to stay safe:
➜ Trade only with verified merchants (gold checkmark, 95%+ completion rate)
➜ Never release crypto before payment is confirmed in your bank account
➜ Use Binance P2P chat only for all communication
➜ Avoid third-party payments — sender name must match Binance account name
➜ Enable 2FA and Anti-Phishing Code for extra security
➜ Be wary of overpayment or refund requests — often scam tactics
✅ If anything feels suspicious, cancel the trade and choose another seller.
⚠️ Common Withdrawal Issues & Fixes
Problem
Solution
Bank not linked
➜ Add your bank under Withdraw > Fiat
Funds delayed
➜ Wait up to 5 business days, then contact Support
Wrong bank details
➜ Cancel and re-submit
Withdrawal limits exceeded
➜ Complete full KYC
🧾 Final Thoughts
Withdrawing from Binance to your bank is simple when you follow the steps and keep security in mind. For speed, Binance P2P is great — just make sure you know how to spot and avoid scams.
Trade smart. Stay safe. Cash out with confidence. 🚀