How to withdraw money from Binance?

Binance has managed to make a name for itself in the cryptocurrency market by becoming one of the major reputable exchanges.

In order to be able to take advantage of this platform, you only need to register on the BINANCE platform and become a member of the crypto-community which allows you to carry out purchase, sale, transfer or even convert national currencies and bitcoins for multiple other Altcoins.

Binance is renowned for its ability to list a wide range of cryptocurrencies, from well-known to lesser-known. For this, we are going to talk about how to withdraw money from Binance.

The Binance platform

Initially, Binance was only a crypto-to-crypto exchange, which means that withdrawing money is basically related to the process of transferring certain amounts of cryptocurrency to another electronic wallet.

Thus, before being able to withdraw capital in cash, it is possible to transfer it to an exchange platform fiat-to-crypto such as :

But thanks to the latest updates already made to the platform within the Binance team, it is indeed quite possible to be able to withdraw your cryptocurrency investment capital without resorting to the services of another platform in order to have it converted into fiat-type currency.

How to withdraw from Binance?

To make withdrawals from Binance, one must follow the following steps.

First start by checking out Binance and access your registered account. Once connected, click on the button [Wallet] – [Spot Wallet] in the upper right corner of the window. Next, tap the withdraw button which is on the right sidebar. Type the exact code or name of the currency or token you want to withdraw or choose it from the list.

For example, in the case of bitcoin (BTC), after confirming your address, please copy it into the box [Adresse BTC du destinataire] and indicate the total withdrawal amount. The procedure fees are calculated entirely by the system, which also indicates the total funds paid in: actual amount of deposits = total withdrawal – amount of withdrawal fees.

In the case of a few particular coins or tokens, a specific identifier must be filled in the field [Mémo], the latter is named Tag or Payment ID in the case of some tokens. For example, using BNB, start by indicating BNB direct debit address. Then, you have to copy the [MEMO] of BNB to the relevant platform and place it in the frame [MEMO]. When the withdrawal address is part of a private wallet that does not include a memo, it is possible not to fill in this last field.

To protect your account, you will need to enter the confirmation code from your phone and the verification code from your email will only be valid for a period of thirty minutes. You must therefore check and indicate the appropriate codes within the time allowed.

Before clicking the button [Soumettre] from the security window, make sure that you have selected the crypto, the amount and your address for the withdrawal, otherwise the withdrawal cannot be made. When the withdrawal was successfulyou can access [Portefeuille]-[Compte Spot] then select [Historique des transactions]. Then click on [Retrait] and on the [Date] to see the relevant withdrawal. It is possible to consult the result of the withdrawal on the blockchain from the associated TXID.

How come I can’t make a withdrawal on Binance?

An operation may be refused due to network saturation, password change and system updates. In order to check the progress of your withdrawal, you can access the history of transactions carried out on Binance. When you are on this page, you will find information on the status of your deposits and all your withdrawals.

So you can see that it is not at all complicated to proceed with a withdrawal on the Binance platformprovided you know the procedure to follow so as not to lose your investment in the process.

In the event that you have left your funds in the form of electronic goods, we strongly advise you to use reliable wallets. We particularly recommend hardware wallets as the most reliable.

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How to withdraw money from Binance?

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