Binance is one of the world’s top platforms for cryptocurrency trading, and knowing how to withdraw your earnings to your bank account is essential. Whether you're a crypto expert or a beginner, here's a clear and easy guide to cashing out your funds from Binance.
Step 1: Complete Identity Verification (KYC)
Before you can withdraw any funds, Binance requires you to complete a Know Your Customer (KYC) process. This step is vital for security and to follow legal regulations.
Log in to your Binance account.
Go to Profile → Identity Verification.
Upload a government-issued ID (like a passport or driver’s license) and a selfie.
Wait for approval—this usually takes a few minutes to a few hours.
Once approved, you’re ready to go! 🎉
Step 2: Link Your Bank Account
Now that you’re verified, it’s time to link your bank account for smooth transfers.
Go to Wallet → Fiat and Spot → Withdraw.
Choose Fiat as the withdrawal option.
Pick your currency (USD, EUR, GBP, etc.).
Select Bank Transfer as your withdrawal method.
If your bank isn’t linked yet, Binance will ask you to add it. Enter your bank details like account number and routing number.
Once your bank is linked, you're all set to transfer funds!
Step 3: Choose the Amount to Withdraw
Time to cash out! 💸
Go to Wallet → Fiat and Spot → Withdraw.
Select the currency you want to withdraw (USD, EUR, GBP, etc.).
Enter the amount you want to transfer.
Step 4: Review & Confirm the Withdrawal
Before you hit Submit, double-check the details:
Currency & amount – Make sure you’re withdrawing the right amount.
Bank info – Confirm your account number and routing number are correct.
Withdrawal fees – Binance may charge a small fee, depending on your withdrawal method.
If everything looks good, go ahead and click Submit! 🚀
Step 5: Security Verification
For your protection, Binance will ask you to verify your identity once more before finalizing the withdrawal.
Email Verification – Binance will send a code to your email.
Mobile Code – If you have two-factor authentication (2FA) set up, enter the code you receive on your phone.
Once you enter the codes, confirm your withdrawal!
Step 6: Wait for Your Funds
Your funds are on their way! The time it takes to receive your money depends on your bank and method:
Bank transfers usually take 1-5 business days.
If you use Binance P2P (peer-to-peer trading), you can get your funds instantly by selling your crypto directly to buyers.
Step 7: Check Your Bank Account
Once the withdrawal is processed, check your bank account to make sure the funds have arrived. If there’s any delay, reach out to Binance support for assistance.