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How to withdraw from Binance

Binance is a cryptocurrency exchange platform & platform that allows individuals to trade various cryptocurrencies. In fact, it is the largest trading platform on the planet in terms of daily trading volume. Founded in 2017 by Changpeng Zhao, Binance allows trading of virtual currencies and tokens such as Ether, Dogecoin, Litecoin, and Bitcoin. This allows dealing with its own token, the number of Binance coins.

Binance was forced to move its headquarters to Malta, European Union, due to exchange business regulations Digital in China is very strict.

Individuals must fill out the KYC requirements on the form to start working with them. Once the account is successfully created, individuals can add their cryptocurrency amount to a public wallet address. This way they can start trading.

How to withdraw cryptocurrency from Binance

You can withdraw funds from your Binance account. But to do that, you have to go through a certain withdrawal process. It's not difficult, but you have to follow every step if you want everything to run smoothly. After all, the last thing you want is to make a mistake and lose your money as a result. Here are the steps you should follow:

  1. Log In to Your Account
  2. Choose “Withdraw”
  3. Click on the Crypto Tab
  4. Select the Right Network
  5. Choose the Desired Currency
  6. Chose “Receive”
  7. Copy and Paste the Current Address
  8. Choose “Send Code”
  9. Enter the 2FA Code

Each of these steps is discussed in less.

Log in to your account

First of all, you need to make sure that you are logged into your Binance account. Once logged in, you need to go to Wallet and then click on Fiat and Spot.

Click Withdraw

After entering the page, click the "Withdraw" button.

Click on the Crypto tab

After selecting the crypto tab, you will be asked to select the cryptocurrency you wish to withdraw.

Choose the right network

Multiple currencies are hosted on different platforms. In this case, you have to choose where you want to withdraw the funds.

Choose currency

Click the desired currency to withdraw in Trust Wallet.

Chose “Receive”

Tap on the Receive option when prompted.

Copy and paste current address

Copy the currency address when prompted. Go to Binance's Withdrawal page and paste the address you just provided. If only Now, click Submit.

Select "Send Code".

Click the Send Code button, after which you will need to enter the six-digit code that was sent to your email.

Enter 2FA code

Enter the two-factor authentication code, then click Submit and all is well. You can then view the withdrawals in the transaction history.

How to Withdraw fiat currency from Binance

Binance supports more than 60 fiat currencies and various payment methods are also available. Therefore, it is important to know how to withdraw fiat currency from your Binance account. Here are the steps you should follow:

Login to your account Select currency Click on Fiat tab Select fiat currency Enter required details page Check transaction details Enter verification code. Below we will take a closer look at each of these steps.

Log in to your account

Just like when you withdraw cryptocurrency from your Binance account, you must first log in to Binance return order

Click Withdraw

After entering the page, click the "Withdraw" button.

Click on the Fiat tab

Click on the "Fiat" tab.

Choose fiat currency

Next, select the fiat currency you want to withdraw and select a payment method. Keep in mind that the available payment methods depend on your region and the currency of your choice.

Enter your payment information

Then fill in your withdrawal details, including the amount to be transferred and your bank account details (or payee details). Then click Continue.

Check transaction details

Please check the transaction details to make sure they are correct. If so, click the Confirm button.

Enter your verification code

After that, you will be asked to perform a security check. Enter your mobile number and click the "Send SMS" button. You will receive a text message with a Google verification code. Enter the code in the second column and click Submit.

If he gets the code Entered correctly, you will receive a notification that your request has been submitted.

Binance withdrawal fees

When you withdraw cryptocurrency from your Binance account, you will be charged for the transactions you make on the network. Suspicious prices The network pays transaction fees. Some coins like Ether or BNB have to be sent from Binance to other crypto wallets.

Therefore, there is a gas fee when making any transaction on Binance Chain, Binance Smart Chain, or Ethereum. Minors are charged. Transaction fees are passed on by Binance to users.

Note that each blockchain has a different payment schedule. By the way, the cryptocurrency withdrawal fee will depend on the specific currency you use. In addition, costs are subject to change as they are dynamic and highly dependent on network activity. To find the exact payout amount, you have to go to the actual withdrawal page.

Minimum withdrawal amount

There is a minimum Back to Binance. Each cryptocurrency has its own withdrawal amount. So you cannot withdraw less than the amount shown on the withdrawal page.

If you want to know the minimum amount for each coin, you can check it on the Binance website. There is a list of each minimum withdrawal fee.

How long will it take to withdraw from Binance?

Withdrawing from Binance may take some time. Not that Binance is slow or anything. In fact, the platform takes over the payment process after placing an order. However, every blockchain is different, so transaction settlement times may vary.

For example, Binance Smart Chain can complete transactions in minutes. On the other hand, it takes 10-30 minutes to find a successful Bitcoin withdrawal. Ethereum can take the longer of the two.

So it really depends on the blockchain. Also, if the network has a lot of traffic, it will affect the waiting time. father The longer the wait.

Sometimes, funds can get stuck in the processing process and this is because the blockchain has to confirm the transaction first. In other cases, it can collapse.

There are private blockchains that require network authentication the most. Therefore, during periods of heavy traffic, you can expect transactions to take longer than usual.

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