How to Withdraw Crypto from Binance
In this example, we will be withdrawing BNB to Trust Wallet.
1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
2. Click on Withdraw.
3. Select the Crypto tab.
4. Choose the cryptocurrency you’d like to withdraw.
5. If the cryptocurrency is issued on multiple networks, select which one you’d like to make your withdrawal on.
For example, BNB is issued on Binance Chain as a BEP-2 token, and on Binance Smart Chain (BSC) as a BEP-20 token. As such, if you’d like to withdraw to a BEP-2 address, choose the BEP-2 option. Be extra careful with this step. If you withdraw to the wrong address, you will lose your funds.
6. Tap on BNB in your Trust Wallet.
7. Tap on Receive.
8. Copy your BNB address.
9. Paste it on the Binance withdrawal page (Address).
10. Enter the withdrawal amount and you will be able to see the corresponding transaction fee and the final amount you will receive. Click [Withdraw] to proceed.
11. You need to verify the transaction. Please follow the on-screen instructions.
Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure that the information is correct before you confirm the transaction.
12. After confirming the withdrawal request, please wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.
How to Withdraw Fiat Currency from Binance
Binance supports more than 60 fiat currencies and multiple different payment methods.
1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
2. Click on Withdraw.
3. Select the Fiat tab.
4. Select the fiat currency you’d like to withdraw and the payment method. Binance supports credit cards, debit cards, bank transfer, or cash balance.
*The payment method is based on your selected currency and region.
5. Enter the required details and follow the instructions.
6. Enter your verification code to confirm the withdrawal.
How to Sell Crypto on Binance P2P
Sell Crypto on Binance P2P by Web App
Step 1: Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
Step 2: Click (1) “Sell” and select the currency you want to buy (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) “Sell”.
Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) “Sell”.
Step 4: The transaction will now display “Payment to be made by buyer”.
Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.
Note: You can use Chat on the right side to communicate with the buyer in the whole process.
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click “Appeal” and our customer service team will assist you in processing the order.
Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.
2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.
3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.
4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.
Sell Crypto on Binance P2P by Mobile App
You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.
Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.
Step 2
Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.
Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click “Appeal” and our customer service team will assist you in processing the order.
Frequently Asked Questions (FAQ)
Why has my withdrawal now arrived?
I’ve made a withdrawal from Binance to another exchange/wallet, but I haven’t received my funds yet. Why?
Transferring funds from your Binance account to another exchange or wallet involves three steps:
- Withdrawal request on Binance
- Blockchain network confirmation
- Deposit on the corresponding platform
Normally, a TxID(Transaction ID) will be generated within 30-60 minutes, indicating that Binance has successfully broadcasted the withdrawal transaction.
However, it might still take some time for that particular transaction to be confirmed, and even longer for the funds to be credited into the destination wallet. The amount of required network confirmations varies for different blockchains.
For example:
- Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
- Your assets are temporarily frozen until the underlying deposit transaction reaches 2 network confirmations.
Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the transaction ID (TxID) to look up the status of your transfer by using a blockchain explorer.
Note:
- If the blockchain explorer shows that the transaction is not confirmed, please wait for the confirmation process to be completed. This varies depending on the blockchain network.
- If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully and we are unable to provide any further assistance on this matter. You would need to contact the owner/support team of the destination address to seek further help.
- If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Please make sure you have provided the above information so the Customer Service agent can assist you in a timely manner.
How do I check the transaction status on the blockchain?
Log in to Binance.com, click on [Wallet]-[Overview]-[Transaction history] to find your cryptocurrency withdrawal records.
If the [Status] shows that the transaction is “processing”, please wait for the confirmation process to be completed.
If the [Status] shows that the transaction is “Completed”, you can click on [TxID] to check the transaction details in a block explorer.
Withdrawal to a Wrong Address
Our system initiates the withdrawal process as soon as you click on [Submit] after passing security verification. Withdrawal confirmation e-mails can be identified by their subject lines starting with: “[Binance] Withdrawal Requested From……”.
If you’ve mistakenly withdrawn funds to the wrong address, we are unable to locate the receiver of your funds and provide you any further assistance. If you have sent your coins to an incorrect address by mistake, and you know the owner of this address, we recommend you to contact the customer support of that platform.
Are the offers I see on P2P exchange provided by Binance?
The offers you see on the P2P offer listing page are not offered by Binance. Binance serves as a platform to facilitate the trade, but the offers are provided by users on an individual basis.
As a P2P trader, how am I protected?
All online trades are protected by escrow. When an ad is posted the amount of crypto for the ad is automatically reserved from the sellers p2p wallet. This means that if the seller runs away with your money and does not release your crypto, our customer support can release the crypto to you from the reserved funds.
If youre selling, never release the fund before you confirm that you have received money from the buyer. Be aware that some of the payment methods buyer use are not instant, and may face the risk of callback.
