Binance makes converting cryptocurrencies to fiat currencies quick and seamless. As the world's most popular crypto exchange, it supports transfers across 350+ cryptocurrencies and 30+ fiat currencies like USD, EUR, and local currencies. Here's your complete guide to withdrawing funds safely.
3 Binance Withdrawal Methods
- Bank Account (P2P Market)
Peer-to-peer transfers with minimal fees (~5-30 minute processing) - International SWIFT Transfer
Direct bank transfers with higher fees ($15 USD; 1-5 business days) - Crypto Wallet Transfer
Instant blockchain transfers to external wallets
Key Compatibility Note
- Always match network types (ERC20→ERC20, BSC→BSC) to avoid irreversible fund loss
- Confirm recipient platforms support your token's contract address
Method 1: P2P Bank Withdrawal (Step-by-Step)
Best for: Low-cost local currency withdrawals
Processing time: 5-30 minutes
Step-by-Step Process:
- Log in → Navigate to Trade → P2P
- Switch toggle from Buy to Sell
Filter by:
- Local currency (e.g., PEN for Peruvian Soles)
- Payment method (e.g., BCP bank transfer)
- Select a highly-rated seller
- Click SELL USDT → Confirm receipt of funds in your bank account before releasing crypto
👉 Master P2P trading with these pro tips
Method 2: SWIFT International Transfer
Best for: Large withdrawals
Fee: $15 USD
How to initiate:
- Go to Wallet → Fiat & Spot → Withdraw
- Select Withdraw Fiat → Choose currency (e.g., EUR)
Enter:
- SWIFT/BIC code
- IBAN/account number
- Amount
- Confirm via 2FA
SEPA Transfer Fee: €0.80 per transaction
Visa Card Fee: 1% of amount
Method 3: Crypto Wallet Transfer
Processing time: Instant after blockchain confirmation
Steps:
- Go to Withdraw → Select cryptocurrency
- Paste external wallet address (Trust Wallet, Ledger, etc.)
- Enter amount (or tap Available Balance)
- Authenticate with 2FA
- Confirm via email
Critical Reminder:
- Include MEMO/Tag if required by recipient exchange
- Triple-check address accuracy
Fees & Processing Times
| Method | Fee | Processing Time |
|---|---|---|
| P2P Bank | ~0.1-1% | 5-30 min |
| SWIFT | $15 USD | 1-5 business days |
| Crypto Transfer | Varies by token | Instant |
FAQs
Q: What if I send crypto to the wrong network?
A: Funds may be irrecoverable. Always verify compatibility.
Q: Can I withdraw without KYC?
A: Unverified accounts have a 0.06 BTC daily limit.
Q: Why hasn't my P2P transfer arrived?
A: Transactions auto-cancel after 30 min if unconfirmed.
Q: Are wallet transfers reversible?
A: No—blockchain transactions are permanent.
Pro Tips for Safe Withdrawals
✅ Enable 2FA for account security
✅ Verify bank accounts match your Binance KYC name
✅ Start with small test transfers
✅ Monitor exchange announcements for network updates
Binance processes $65B+ daily transactions with military-grade encryption. By following these guidelines, you'll navigate withdrawals confidently.