Is It Safe To Leave Money On Binance

Since we have covered the topic of withdrawing Euros from Binance in the last article, I have gotten a heap of questions from my readers to create some other guide how to withdraw money from Binance in other currencies similar USD.

If you are new to using Binance, or exchanges in general, it can get a spot confusing at times. With this article, I want to sack up things up and leave nothing out. This is a complete guide on how to Withdraw Money from Binance in every conceivable elbow room, as always written in a Beginner-Palsy-walsy Step-by-Step fashion including a video to follow along to.

Before we get started, if you do not give a Binance account yet, use this connection to polarity up and get discounts on all of your trades for life over at Binance!

Table of Table of contents

Step 1 – Convert Crypto to Fiat on Binance
- Convert Crypto to Fiat using Binance Convert
- Convert Crypto to Edict exploitation Spot Trading
Step 2 – How to Withdraw Money from Binance (USD)
- Convert USDT to BUSD
- How to Withdraw USD from Binance to Bank Story
Withdraw Other Currencies from Binance
- Withdraw EURO from Binance
- Withdraw GBP from Binance
  - Retreat GBP from Binance to Bank Accounting with Quicker Payments
  - Withdraw GBP from Binance to Bank Calculate with Instant Identity card Withdrawals (VISA)
- Withdraw AUD from Binance to Bank Account
  - Withdraw AUD from Binance using Deposit Transfer
How to Move bac Money from Binance Conclusion
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Stride 1 – Convert Crypto to Decree on Binance

Before we buns actually get started with retreating money, we demand to know how to convert our Crypto to Fiat. Fain, Binance makes it really easy for us to convert Crypto to Fiat. There are a couple of slipway on going virtually that, I show you the easiest first and gradually move towards the harder ways.

Convert Crypto to Fiat using Binance Change over

Binance Convert only supports a couple of designated currencies, only it is out and away the easiest way to convert Crypto to Fiat on Binance.

Navigate to Trade -> Convert happening the top navigation bar. Then you birth to choose a currency you want to convert from, in this example BTC, and a vogue you wishing to convert to, in this case EUR.

Once you click happening Preview Transition, you consume a 6-indorse grace period to accept the conversion at the rank that is shown to you.

The rate is the current market price, once you come home on convert, you have successfully converted Crypto to Fiat, it's that easy. You just have to check which kind of Crypto / Decree pairings are gettable. Sometimes you need to go finished two conversions to get to your desirable currency, but that is usually very easy.

You can also catch which currencies are available for the convince feature film directly in your Binance billfold. Navigate to Wallet -> Fiat and Spot and check it impermissible there.

Convert Crypto to Fiat using Patch Trading

Another way to convert Crypto to Fiat on Binance is by using Spot Trading. This is what you postulate to doh with currencies where the Binance Convert feature is not available. To maintain things simpleton, we use our Notecase as an example over again.

Let's say we want to win over SLP to USDT, but the Binance Convert feature is non available to us.

Tick on Trade wind next to your token from your notecase and select the SLP/USDT trading pair. This sends you over to the Smirch Trading windowpane. Don't be afraid, it's easier than you think!

Once you are thither, change the guild type to Market. This allows us to sell our SLP for USDT at the current market value without the need of placing an regulate. So simply choose how very much SLP you want to convert to USDT and click happening Betray SLP.

Then you can take to continue with USDT or use the conversion feature mentioned above to convert your USDT to another currency like BUSD.

Step 2 – How to Withdraw Money from Binance (USD)

Most of you are probably interested in how to withdraw USD from Binance to your Bank Invoice, so for this kickoff lesson, we are going to use the United States One dollar bill.

To be competent to pull away USD to your Trust Answer for on Binance, you need to first convert the up-to-dateness you want to withdraw to BUSD. BUSD is Binance's wrapped USD.

You can do this for whatsoever vogue by pursual the methods shown supra, but I give you an example using USDT anyway.

Change over USDT to BUSD

Let's order you have some USDT and need to back out them to your coin bank account. Navigate to Trade -> Convert from the top piloting bar.

As the From Coin select USDT and every bit the To Coin select BUSD. Enter an amount you wish to convert and click on Trailer. Click along Win over before the quote expires. Once you click Convert, you successfully exchanged USDT to BUSD and can buoy now withdraw them.

I think this beautiful much should bring the point across. Now we can live ahead and take back those BUSD to our bank account. You can use this method acting with any other supported currency arsenic healed.

How to Adjourn USD from Binance to Bank Account

Now we can go in advance and withdraw those BUSD to your bank account.

Navigate to Wallet -> Rescript and Spot and click on Back away on top.

One time you are there, as of now, you have two options: Silvergate Trust (SWIFT) and Silvergate Bank(SEN). Now, I am non a US citizen so I do non know wherefore on that point are exclusively those two options available for the US, but further research along my end has shown me that in fact there are only those two available right today.

So, the Western fence lizard transfer comes with a considerable 30$ fee, whereas the SEN transfer is unpaid. Please do your own research to assay which one is best for you / is available to you.

Enter an amount of BUSD you want to carry-over to your account (You can get wind your BUSD balance following to the Sum text playing area) and click on Continue to enter your Banking concern Details.

The bank transfer usually takes 2-4 patronage years. Ever triple-check if you have entered your details correctly.

Back out Other Currencies from Binance

Because I want this guide to be as complete as possible and I need it to make up a extraordinary-stop destination for you guys to be fit to refer every last the guides you ever need in one place – we are going to take this guide a tone further.

Below I show you totally the best ways I am aware of on how to Withdraw Money from Binance using different currencies.

Withdraw EURO from Binance

Instead of display you all the assorted ways of how to withdraw EURO from Binance again, I rather point you to my other How to Withdraw EURO from Binance article that goes into all the nitty-gritty details on how to do that.

Draw back GBP from Binance

GBP is probably among the most used FIAT currencies on Binance, so down the stairs I am expiration to show you all the opposite ways on how to withdraw GBP from Binance.

Sami as with other currencies, if you first need to convert your Crypto into Fiat, apply the method acting shown in Step 1 to convert your Crypto to GBP.

As of writing this article, there are only two shipway on how to sequestrate GBP from Binance presently available to us – Faster Payments and Savings bank Card (VISA) transfer.

To withdraw, first pilot to Wallet -> Fiat and Spot and click on Call back side by side to your GBP balance.

Withdraw GBP from Binance to Bank Account with Faster Payments

Make sure to select Faster Payments, enter an Amount of GBP you want to transfer to your bank account, and click on Continue.

Lief, the fee Here is way lower than in the US and pretty bankable at 1.5 Pounds per transaction in my opinion. After clicking Proceed you need to move into your banking inside information. Give sure to triple-check before submitting any requests.

Draw back GBP from Binance to Rely Account with Instant Card Withdrawals (VISA)

Instant Card Withdrawals are currently only supported for GBP Beaver State EURO and exclusive if you are a resident of the European Economic Area (EEA). You can read Sir Thomas More about that here.

Also, stunt woman-check if your Card Provider supports Clamant Card Withdrawals. Your card needs to have the Visa Fast Funds (Visa Direct) lineament enabled! If in doubt, I always recommend sending a smaller amount first to see if it arrives safe and secure.

Instead of selecting Faster Payments, select Bank Card (VISA) for this process.

Next, enter an Amount you desire to transfer and click on + Add Fres Card to add your Credit Card Inside information. Last, click along Continue to process the payment.

Withdraw GBP from Binance to Bank Account

Bow out AUD from Binance to Bank Account

Because I acknowledge that my Ozzy friends will embody upset if I don't cut across this, we power besides do it right forthwith. If you are from Australia, you are in luck, not only because you enjoy better weather than most of us, only also because you pay 0, yes, ordinal fees on your Deposit Transfers from Binance to your report.

As there is only one alternative, Bank Transfer, we dive trabeate in (no, not into your shark-infested waters, but into the unconscious process of transferring AUD from Binance to your Bank Account).

Withdraw AUD from Binance using Bank Transfer

Navigate to Billfold -> Fiat and Smudge and select Withdraw next to your AUD balance.

You can only use this feature if you are as a matter of fact located in Australia, or if you are a holder of an Australian passport. In the second causa, you need to contact Binance so they will enable that for you. Since I am, unfortunately, not located in Australia, this feature is not useable to Maine.

The process will represent similar every bit in the other guides above, so make a point to introduce and amount of AUD you wishing to withdraw and enter your bank details. IT should be pretty straightforward. You'll get it, mate.

How to Withdraw Money from Binance Conclusion

I think this should pretty much cover most of the democratic currencies and how to take back them from Binance victimisation a motle of different methods. If you felt same I lost something world-shattering, fain repoint that out in the comments for ME and I will add it.

I will tot up more currencies American Samoa we Adam and testament hold updating this article thus that you have a 1-period guide for how to draw money from Binance.

Let me know if the process was easy for you in the comments downstairs.

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