When a user decides to withdraw funds but is unable to proceed due to some technical failure or does not know the procedure you have exceeded the withdrawal limit or do not have enough funds to pay for the fee. There might be various reasons why you might fail or the system won’t let you withdraw funds from your Binance account.
This blog will answer all your queries and guide you to withdraw the money from the account.
How can I withdraw funds from Binance?
You can withdraw the money from Binance to a bank account or PayPal account.
How to withdraw Fiat money from Binance to a bank account:
As per the reports, Binance supports 60 fiat currencies approximately, such as EUR, USD, INR, JPY, and AUD. Follow the steps mentioned below in order to withdraw fiat money:
- Firstly, go to the account and tap the Login tab.
- Next step, you need to proceed to the Wallet option and hit on the option “Fiat and Spot”.
- Then choose the Withdraw option.
- After that tap on the Fiat option.
- Now, select the currency for fiat money that you prefer to withdraw. Select the mode for payment. The method will depend on your region and the currency you picked.
- Next, fill in the details that you are asked to enter. Follow the on-screen instructions as displayed.
- A code will be delivered for verifying your withdrawal. Type the code and confirm the withdrawal.
How to withdraw money from Binance to PayPal:
The following you are required to be followed:-
- Sign in to the Account
First and foremost, go to the Binance site and log in to the account. Click on the Wallet tab and tap on the “Fiat and Spot” option.
- Tap on Withdraw
Pick the “Withdraw” option as you enter the page.
- Tap on the Crypto option
Choose the Crypto icon, then pick the cryptocurrency for withdrawal.
- Pick the Right Network
Make sure you select the correct currencies for withdrawal.
- Select the Currency
Go to Wallet and click on the currency that you want to withdraw.
- Tap on Receive
Select the “Receive” button when asked.
- Select and Paste the Address
Now, copy the address and then move to the page for withdrawal and paste the address. Next, tap the Submit button.
- Pick the Send code tab
Tap on the “Send Code” tab and receive a 6-digit code on the email.
- Type the 2FA Code
Now type the 2FA code and tap on the Submit tab. The withdrawals will appear in the Transaction History.
Binance withdrawal fee
In the case of withdrawal on Binance, a flat fee is charged to the users for covering the cost of the transaction as you move the funds out from the account. These rates can fluctuate without any notice because of some factors like network congestion. So always keep in mind to check the page when you decide to withdraw funds from the Binance account.
Binance withdrawal limit
There is a limit set for withdrawals on the Binance account. Each cryptocurrency has its own limit set. So you need to check the website regularly to know about the withdrawal limits.
How long does Binance take to withdraw
Withdrawals on the Binance account take 30 to 60 minutes of processing time.
Binance withdrawal suspended
In December of 2021, Binance suspended the withdrawal for 10 to 14 days due to some complicated issues.
Binance withdrawal problem
There are some issues you might face at the time of withdrawals and due to which Binance won’t let you withdraw.
- The wallet is under supervision
- The issue with the asset which you want to withdraw
Hope, this guide helps you. Make sure that you confirm the transaction in the first case if you want to avoid congestion.