Keep your cash away from exchanges. Discover how to transfer money from Binance to your bank account.
Simple Binance bank withdrawal is available. Although there are several ways to withdraw money, this article will focus on using your bank account to do so.
Let's get started by discussing how to transfer funds from Binance to your bank account.
How to Take Money Out of Binance and Deposit It in Your Bank Account
Although Binance is one of the safest and most secure cryptocurrency exchanges, we should not keep our funds there for long periods of time. After all, we have observed many crashes of cryptocurrencies and cryptocurrency exchanges and know that the best option is to always have your money in your hands, whether in cryptocurrency or fiat.
If you want to transfer funds from Binance to your bank account, follow these steps.
Step 1:
You must log in to your account if you want to withdraw funds from Binance to a bank account. Once you've finished, go to Wallet and select Fiat and Spot.
Step 2:
Select Withdraw after doing so to arrive at the page where you can deposit, withdraw, and send money.
Step 3 :
On the withdrawal page, you can choose the withdrawal method you prefer. When withdrawing funds from Binance, you have the option of using fiat (normal money) or cryptocurrency. You'll require the fiat option to transfer money to a bank account because it enables you to withdraw in more than 30 different currencies, including the US dollar, the euro, the pound sterling, the Australian dollar, the Russian ruble, the Nigerian naira, and the South African rand.
Step 4 :
Use your bank card (Visa or MasterCard) to withdraw money. Additionally, there are Other Payment Options, which include options for particular currencies and bank transfers. The cost for withdrawals is 1.8%.
Step 5 :
If you choose the bank card option, you must enter your card information to add a new card. You can add your bank card and complete the withdrawal process after entering your card number, expiration date, security date, security code, and address.
Step 6 :
Continue adding the withdrawal details, including the amount you want to withdraw and the account you want to withdraw into after you've added your card. The next step is to confirm that the transaction details are accurate.
Step 7 :
Enter your security verification codes to complete the process. An SMS or pop-up containing the verification code will be sent to your phone number to confirm your phone number. You will receive the code for email verification in your inbox. Then, submit your withdrawal request by pasting the codes into the necessary boxes.
You Can Remove Your Money From Binance
Now I hope, You are aware of how to deposit funds into your bank via Binance. The entire withdrawal procedure is pretty quick. The processing period for withdrawal requests from Binance is also quick, typically taking no longer than five minutes.
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