Do you want to transfer funds from Binance to your bank account? Here’s a guideline on how to withdraw money from Binance.
Supporting up to 500 cryptocurrencies, Binance is one of the top cryptocurrency exchange platforms in the world. Established in 2017 by Chengpeng Zhao, it has rapidly grown into one of the largest central institutions for cryptocurrency exchange.
It offers high-quality customer support to investors as it boasts a highly efficient client support panel. The profits won’t be considered gains until you cash out.
Withdrawing Money From Binance (Via Swift)
When withdrawing funds from Binance, you need to confirm the available balance in your wallet. You may have to sell your coins to get the desired fiat currency.
Next, follow these instructions to withdraw funds from Binance:
- Log in to your Binance account, selecting the Fiat and Spot category.
- Choose the withdrawal option.
- In the Fiat tab, choose USD — Bank Transfer (Swift), then key in the amount transferred from Binance.
- Click Continue to trigger the withdrawal request.
- Enter your bank account number.
- Verify your information before submitting the withdrawal request.
- Allow up to 4 business days for the transaction to be processed.
Transferring your assets from Binance to another exchange platform is just as easy as the above method, and it doesn’t cost much either. You can transfer your assets from Binance to Coinbase directly on the platform.
Compared to other exchanges, Binance offers lower trading fees, and according to the US wire transaction, the charges paid range between 0.015% to 0.10% and 15%. In addition, Binance has several charting options for its clients.
