Binance has become one of the major reputable exchanges in the cryptocurrency market.
Users can also buy crypto from Coinbase or Wyre directly in the BitPay app. If you prefer to buy cryptocurrency through an exchange, the process in most cases will be: Create an account on the exchange. Register a payment method. Buy cryptocurrency. Send the funds to your BitPay Wallet. Learn more about purchasing cryptocurrency.
To make use of this platform, all you have to do is register an account on the platform and become of the crypto-community that buys, sells or transfer or convert fiat currencies and Bitcoin for many other Altcoins.
For your security reasons, choosing a reliable platform that has built a strong reputation on the market is necessary, when it comes to cryptocurrency investment.
- Can You Withdraw Bitcoin to Your Bank Account. It goes without saying that every Bitcoin holder can exchange cryptocurrency for fiat money and transfer it to the bank account in a matter of minutes. In fact, there are 4 ways to do that: Sell Bitcoin on the crypto exchange and get money directly to the bank account. There are many trusted crypto exchanges operating on the Internet nowadays.
- Users can retreat Bitcoin from Kraken via global bank transfer, Interac e-Transfer, or SEPA transfer. Bitstamp is one solid Bitcoin withdrawal service that enables you to send Bitcoins to your bank account. Users can use SEPA if they are in Europe, or wire transfer if they live outside Europe.
- BitPay and Coinbase are major points of entry known to every crypto enthusiast in the world.Even though BitPay is only a bitcoin payment processor while Coinbase is primarily a crypto exchange, the two of them have been making a lot of changes and constantly adding new features to cater to the needs of the evergrowing number of customers.
Binance is one such crypto exchange, serving millions of customers worldwide since 2017. Originally from China, the company operates from crypto-friendly Malta.
Binance is well-liked for listing vast number of cryptocurrencies, ranging from the most popular ones to some lesser-known obscure coins.
It also charges incredibly low fees, has a native currency BNB that can be used for getting discounted fees, and offers its own digital wallet.
As I always advise individual investors, it's not a great idea to leave your money on any crypto exchange platform, no matter how trustworthy they seem.
Bitpay Account
So it's either you use yet a dedicated cryptocurrency wallet device or software to keep your cryptocurrency safe, or you simply withdraw it back into fiat currency.
And i guess you have need to get your money off the Binance, so keep reading this guide to find out how to do this the right way.
Before we embark on the ways to withdraw cash from Binance, let also touch and explain somethings like; Security methods, withdrawal limit, fees and processing time.
Binance security methods
I recommend protecting your Binance account with Google Authentication app to create an added layer of security to your Bitcoin transactions.
This is a third-party protocol used for two-step verification services. Once you activate this service, it syncs with the Binance platform, so that every time you request a transaction it will generate a unique key.
Once you decide to deactivate this security feature, you will experience Binance withdrawal suspended error. So learn more on why your withdrawals can get rejected.
Binance withdrawal limit
You don't have to submit any documents to trade cryptocurrencies on the Binance exchange. The non-verified account holders (i.e. Level 1) can withdraw up to 2 BTC per 24 hours, whereas verified account holders can withdraw up to 100 BTC per day.
Binance withdrawal fees
Binance has zero deposit fees, but things are different for withdrawal fees. Depending on the cryptocurrency in question, the fees can range from $1 to $15.
Binance withdrawal time
Normally, Binance withdrawal processing time is quick, and usually take no longer than 30 minutes to reach your crypto wallet.
How to withdraw from Binance
Initially, Binance was a crypto-to-crypto only exchange, which means that withdrawing funds essentially has to do with the process of transferring a selected amount of cryptocurrencies to another digital wallet.
For example, you can send them to a fiat to crypto exchange such as Coinbase, Quidax or Luno platforms before you can withdraw as cash funds.
But with the recent updates the Binance team have made on the platform already, you can actually withdraw your crypto coin investment fund without needing any other platform to convert it to fiat currency.
In this guide, am going to discuss how to withdraw from Binance to both bank account and PayPal without having glitches at all.
Binance cash withdrawal to bank account
- Visit Binance and Log in to your registered account
- After the login, click on [Wallet] – [Spot Wallet] on the upper right-hand side of the page. Then, click on [Withdraw] button on the right banner
- Input the abbreviation or full name of a coin/token to withdraw, or select from the list
- Take Bitcoin (BTC) as an example, after confirming the address, copy it into the [Recipient's BTC Address] field, and enter the withdrawal amount. The system will automatically calculate the handling fee and give the actual arrival amount: actual arrival amount = withdrawal amount-withdrawal fee
For some special coins or tokens, there's also a special identifier to be filled in the [Memo] section (They're known as Tag or Payment ID for some tokens)
Using BNB as an example, first fill in the BNB withdrawal address. After that, copy the BNB [MEMO] in the corresponding platform and paste it into [MEMO] field. If the receiving address belongs to a personal wallet which has no memo, you may leave this field blank
- For account safety reasons, you will be guided to pass the Phone verification code and email verification code will be valid only for 30 mins. Please check and enter the relevant codes in time
- Please double-check your withdrawal crypto, amount and address before clicking [Submit] on the Security verification page, or the withdrawal will not be executed
- After the withdrawal is executed successfully, you may return to [Wallet]-[Spot Account] and click [Transaction History]. Then select [Withdraw] and the corresponding [Date] to view the relevant withdrawal. You may also click the corresponding TXID to view the progress of the withdrawal on the blockchain.
At this point, you have successfully withdrawn your cryptocurrency investment funds out of the Binance platform and straight into your bank account.
Can I Transfer Money From Bitpay To Bank Account
In conclusion
As you can see, withdrawing cash from Binance platform is not hard at all, but you will need to know exactly what you are doing to avoid loosing your investment in the process.
Where as incase you are leaving your funds in digital asset form, I will strongly recommend using trusted wallets, which personally recommend hardware wallets as the most secured.
Use Instant Transfer* to move money now from PayPal to an eligible bank. Deezer sonos quality.
Transfer Money NowDon't have PayPal? Sign up here.
*Transfers typically occur in minutes and vary by bank; debit card transfers may take up to 30 minutes. Eligible debit cards or bank accounts only. Fees, limits, and other holds may apply.
Pay for the unexpected
If you need money, you usually need it fast. So if dinner for two becomes dinner for 10, Instant Transfer can get you your money in minutes.
Purchase on a whim
When it's time to treat yourself, Instant Transfer can help you get your money fast for just about anything you need, anywhere you are.
Pay minimal fees
Transfer fees shouldn't break the bank. That's why when you use Instant Transfer, you'll only be charged 1% of the transfer amount.
Transfer money in a few easy steps
Move your PayPal balance to your eligible bank account in minutes with Instant Transfer
Transfer your money your way
If you need your money now, Instant Transfer can get it to your fast. If your money can wait, get it in 1-3 business days at no additional cost with Standard Transfer.
Instant Transfer
If time is of the essence, move money now from PayPal to your eligible bank for a 1% fee (up to $10).
For your security reasons, choosing a reliable platform that has built a strong reputation on the market is necessary, when it comes to cryptocurrency investment.
- Can You Withdraw Bitcoin to Your Bank Account. It goes without saying that every Bitcoin holder can exchange cryptocurrency for fiat money and transfer it to the bank account in a matter of minutes. In fact, there are 4 ways to do that: Sell Bitcoin on the crypto exchange and get money directly to the bank account. There are many trusted crypto exchanges operating on the Internet nowadays.
- Users can retreat Bitcoin from Kraken via global bank transfer, Interac e-Transfer, or SEPA transfer. Bitstamp is one solid Bitcoin withdrawal service that enables you to send Bitcoins to your bank account. Users can use SEPA if they are in Europe, or wire transfer if they live outside Europe.
- BitPay and Coinbase are major points of entry known to every crypto enthusiast in the world.Even though BitPay is only a bitcoin payment processor while Coinbase is primarily a crypto exchange, the two of them have been making a lot of changes and constantly adding new features to cater to the needs of the evergrowing number of customers.
Binance is one such crypto exchange, serving millions of customers worldwide since 2017. Originally from China, the company operates from crypto-friendly Malta.
Binance is well-liked for listing vast number of cryptocurrencies, ranging from the most popular ones to some lesser-known obscure coins.
It also charges incredibly low fees, has a native currency BNB that can be used for getting discounted fees, and offers its own digital wallet.
As I always advise individual investors, it's not a great idea to leave your money on any crypto exchange platform, no matter how trustworthy they seem.
Bitpay Account
So it's either you use yet a dedicated cryptocurrency wallet device or software to keep your cryptocurrency safe, or you simply withdraw it back into fiat currency.
And i guess you have need to get your money off the Binance, so keep reading this guide to find out how to do this the right way.
Before we embark on the ways to withdraw cash from Binance, let also touch and explain somethings like; Security methods, withdrawal limit, fees and processing time.
Binance security methods
I recommend protecting your Binance account with Google Authentication app to create an added layer of security to your Bitcoin transactions.
This is a third-party protocol used for two-step verification services. Once you activate this service, it syncs with the Binance platform, so that every time you request a transaction it will generate a unique key.
Once you decide to deactivate this security feature, you will experience Binance withdrawal suspended error. So learn more on why your withdrawals can get rejected.
Binance withdrawal limit
You don't have to submit any documents to trade cryptocurrencies on the Binance exchange. The non-verified account holders (i.e. Level 1) can withdraw up to 2 BTC per 24 hours, whereas verified account holders can withdraw up to 100 BTC per day.
Binance withdrawal fees
Binance has zero deposit fees, but things are different for withdrawal fees. Depending on the cryptocurrency in question, the fees can range from $1 to $15.
Binance withdrawal time
Normally, Binance withdrawal processing time is quick, and usually take no longer than 30 minutes to reach your crypto wallet.
How to withdraw from Binance
Initially, Binance was a crypto-to-crypto only exchange, which means that withdrawing funds essentially has to do with the process of transferring a selected amount of cryptocurrencies to another digital wallet.
For example, you can send them to a fiat to crypto exchange such as Coinbase, Quidax or Luno platforms before you can withdraw as cash funds.
But with the recent updates the Binance team have made on the platform already, you can actually withdraw your crypto coin investment fund without needing any other platform to convert it to fiat currency.
In this guide, am going to discuss how to withdraw from Binance to both bank account and PayPal without having glitches at all.
Binance cash withdrawal to bank account
- Visit Binance and Log in to your registered account
- After the login, click on [Wallet] – [Spot Wallet] on the upper right-hand side of the page. Then, click on [Withdraw] button on the right banner
- Input the abbreviation or full name of a coin/token to withdraw, or select from the list
- Take Bitcoin (BTC) as an example, after confirming the address, copy it into the [Recipient's BTC Address] field, and enter the withdrawal amount. The system will automatically calculate the handling fee and give the actual arrival amount: actual arrival amount = withdrawal amount-withdrawal fee
For some special coins or tokens, there's also a special identifier to be filled in the [Memo] section (They're known as Tag or Payment ID for some tokens)
Using BNB as an example, first fill in the BNB withdrawal address. After that, copy the BNB [MEMO] in the corresponding platform and paste it into [MEMO] field. If the receiving address belongs to a personal wallet which has no memo, you may leave this field blank
- For account safety reasons, you will be guided to pass the Phone verification code and email verification code will be valid only for 30 mins. Please check and enter the relevant codes in time
- Please double-check your withdrawal crypto, amount and address before clicking [Submit] on the Security verification page, or the withdrawal will not be executed
- After the withdrawal is executed successfully, you may return to [Wallet]-[Spot Account] and click [Transaction History]. Then select [Withdraw] and the corresponding [Date] to view the relevant withdrawal. You may also click the corresponding TXID to view the progress of the withdrawal on the blockchain.
At this point, you have successfully withdrawn your cryptocurrency investment funds out of the Binance platform and straight into your bank account.
Can I Transfer Money From Bitpay To Bank Account
In conclusion
As you can see, withdrawing cash from Binance platform is not hard at all, but you will need to know exactly what you are doing to avoid loosing your investment in the process.
Where as incase you are leaving your funds in digital asset form, I will strongly recommend using trusted wallets, which personally recommend hardware wallets as the most secured.
Use Instant Transfer* to move money now from PayPal to an eligible bank. Deezer sonos quality.
Transfer Money NowDon't have PayPal? Sign up here.
*Transfers typically occur in minutes and vary by bank; debit card transfers may take up to 30 minutes. Eligible debit cards or bank accounts only. Fees, limits, and other holds may apply.
Pay for the unexpected
If you need money, you usually need it fast. So if dinner for two becomes dinner for 10, Instant Transfer can get you your money in minutes.
Purchase on a whim
When it's time to treat yourself, Instant Transfer can help you get your money fast for just about anything you need, anywhere you are.
Pay minimal fees
Transfer fees shouldn't break the bank. That's why when you use Instant Transfer, you'll only be charged 1% of the transfer amount.
Transfer money in a few easy steps
Move your PayPal balance to your eligible bank account in minutes with Instant Transfer
Transfer your money your way
If you need your money now, Instant Transfer can get it to your fast. If your money can wait, get it in 1-3 business days at no additional cost with Standard Transfer.
Instant Transfer
If time is of the essence, move money now from PayPal to your eligible bank for a 1% fee (up to $10).
Standard Transfer
If your money can wait, get it in 1-3 business days at no additional cost.
Put your balance to use
With a network of 20 million online retailers, and a convenient debit card, PayPal gives you more options to access your money when you need it.
PayPal Cash Card
The PayPal Cash Card is a debit card* that is connected to your PayPal balance. It can be used anywhere Mastercard® is accepted and you can withdraw cash at ATMs** worldwide.
Spend Your Balance
Whether you want to shop or send, it's easy to securely use your balance to pay at one of the many global retailers that take PayPal, or easily send money to PayPal friends and family.
*PayPal Cash Plus account required to get the card.
**ATMs must display the Mastercard®, Cirrus®, PULSE® or MoneyPass® acceptance marks. Up to $400 USD daily withdrawal limit applies. Transactions at non-MoneyPass ATMS have a $2.50 ATM Domestic and International Withdrawal Fee. No fee for MoneyPass ATM Withdrawals in the U.S. Foreign Transaction Fee applies for International ATM Withdrawals. ATM operator fees may also apply. See Cardholder Agreement for details.
The PayPal Cash Mastercard is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted.
PayPal Cash Plus account required to get the card.
