Binance withdrawal: the easy way 

You can easily withdraw crypto from your Binance wallet directly to your bank account. There are no intermediaries involved, and the only challenge here is to enter your card/wallet details correctly. 

However, for some users, the fees can be quite high. In this link, you can learn about the fees for withdrawing and depositing crypto and fiat using your Binance account

Mind that there’s a minimum and maximum withdrawal limit. Also, there’s a daily withdrawal limit that you can upgrade by verifying your identity (KYC).

How to withdraw money from Binance to bank account

  1. On the main screen, go to “Wallet” -> “Fiat and Spot”

Then click the “Withdraw” button, also found in the list below.

1. On the next page, choose the withdrawal method that suits you and fill in the card details.

Binance withdrawal options vary from region to region, as do the fees. Also, the options are split into two tabs: Recommended and Other. The latter usually contains experimental or less proven ways to withdraw funds from your Binance account. We’ll use the “Card (Visa / Mastercard)” option in this example.

2. Enter the amount you wish to receive on your card.

Important: Before proceeding, make sure to read the Notices on the right side of the page: these contain important caveats concerning your chosen withdrawal method.

3. If all is correct and the information in Notice doesn’t compromise your transaction, click “Continue”. Double-check your withdrawal details and click “Confirm”. The money will be sent from your Binance wallet to your bank card within 30 minutes. 

Binance withdrawal: the zero-fee way

P2P (peer-to-peer) trading is more profitable than withdrawing from a Binance account. With P2P, you can sell your cryptocurrency directly to another user. They send their money to your card, after which you send them your crypto from your Binance wallet.

How to withdraw money from a Binance account using P2P

  1. Go to “Trade” in the main menu, then click “P2P”.
  2. On the P2P page, in the top-right corner, click “More” -> “Payment settings”. In the next window, click “Add a payment method” and enter your card details, then confirm. 
  1. Now, transfer the tokens from your Binance spot wallet to the P2P wallet. For that, go to the “Wallet” menu -> P2P Wallet subsection, select the coin you’d like to send and click “Transfer”.
  2. Now go back to “Trade” -> “P2P”. In the top-left, choose the “Sell” option. Next, choose the coin pair you’d like to trade.
  3. Now, in “Payment Method,” select the card you linked earlier. After that, choose a buyer that fits your exchange parameters (make sure they support your desired payment method), and complete the trade with them.

Note: It’s advisable to give preference to buyers with a high ratio of transaction completions — no at least 85-90%. You’re safe if it’s higher, but not lower. If there are issues with the buyer, make sure to file a complaint and ask Binance support to settle the dispute.

The seller also has a fixed exchange time window. Normally, a payment takes about 10-15 minutes.

Also, make sure to communicate with the buyer in the chat to ensure a safe and clear transfer. 

Complete the transaction only after you receive the money. Once that’s done, the amount will be charged from your Binance account

After your deal is complete, the funds will be charged directly from your Binance account. 

That’s it — you have withdrawn your money without commission.

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