Introduction
Cryptocurrencies have become an increasingly popular form of investment and many investors are now looking for ways to withdraw their funds from exchanges to their bank accounts. Binance is one of the most popular cryptocurrency exchanges in the world and it offers a variety of options for withdrawing funds. In this article, we will provide you with a step-by-step guide on how to withdraw money from Binance to your bank account.
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Step 1: Choose a Withdrawal Method
Binance offers two main methods for withdrawing funds to your bank account: a bank transfer and a credit/debit card withdrawal. There is a difference in the speed and fees of each method.
Bank Transfer: The user needs to set up a withdrawal to their bank account. The funds will be transferred to your account within 1 to 4 business days. This is treated as a domestic transfer and there are no fees if you withdraw to a SEPA country.
Credit/Debit Card withdrawal: The funds will be transferred to your bank account within 15 minutes to 2 hours. There is a 1.8% fee for card withdrawals.
Step 2: Set Up Bank or Card Details
To set up your bank account, you will need to provide Binance with your account number, sort code, and the name of your bank. To set up a card, you will need to provide Binance with your card number, expiry date, and CVV.
Step 3: Initiate the Withdrawal
Once you have chosen a withdrawal method and set up your bank or card details, you can initiate the withdrawal. To do this, log in to your Binance account and go to the “Withdrawal” page. Enter the amount of money you want to withdraw, select your withdrawal method, and click on the “Withdraw” button.
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Step 4: Confirm the Withdrawal
Binance will send you an email to confirm the withdrawal. Click on the link in the email to complete the withdrawal.
Step 5: Wait for the Funds to Arrive
The funds will typically take 1 to 4 business days (or up to 2 hours if you have withdrawn to a card) to arrive in your bank account.
Withdraw Money From Binance To Bank Account
https://youtube.com/watch?v=MEAhNoxP33k
Conclusion
Withdrawing money from Binance to your bank account is a simple and straightforward process. By following the steps outlined in this guide, you can easily withdraw your funds and enjoy the benefits of holding your cryptocurrency in your own wallet.
