How to Withdraw and Make a Deposit in Binance

How to Withdraw and Make a Deposit in Binance


How to Withdraw at Binance


How to Withdraw Crypto

In this example, we will be withdrawing BNB to Trust Wallet.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Withdraw and Make a Deposit in Binance
2. Click on Withdraw.
How to Withdraw and Make a Deposit in Binance
3. Select the Crypto tab.
How to Withdraw and Make a Deposit in Binance
4. Choose the cryptocurrency you’d like to withdraw.
How to Withdraw and Make a Deposit in Binance
5. If the cryptocurrency is issued on multiple networks, select which one you’d like to make your withdrawal on.

For example, BNB is issued on Binance Chain as a BEP-2 token, and on Binance Smart Chain (BSC) as a BEP-20 token. As such, if you’d like to withdraw to a BEP-2 address, choose the BEP-2 option. Be extra careful with this step. If you withdraw to the wrong address, you will lose your funds.
How to Withdraw and Make a Deposit in Binance
6. Tap on BNB in your Trust Wallet.
How to Withdraw and Make a Deposit in Binance
7. Tap on Receive.
How to Withdraw and Make a Deposit in Binance
8. Copy your BNB address.
How to Withdraw and Make a Deposit in Binance
9. Paste it on the Binance withdrawal page (Address).
How to Withdraw and Make a Deposit in Binance
10. Enter the withdrawal amount and you will be able to see the corresponding transaction fee and the final amount you will receive. Click [Withdraw] to proceed.
How to Withdraw and Make a Deposit in Binance
11. You need to verify the transaction. Please follow the on-screen instructions.

Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure that the information is correct before you confirm the transaction.

12. After confirming the withdrawal request, please wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.

How to Withdraw Fiat Currency

Binance supports more than 60 fiat currencies and multiple different payment methods.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Withdraw and Make a Deposit in Binance
2. Click on Withdraw.
How to Withdraw and Make a Deposit in Binance
3. Select the Fiat tab.
How to Withdraw and Make a Deposit in Binance
4. Select the fiat currency you’d like to withdraw and the payment method. Binance supports credit cards, debit cards, bank transfer, or cash balance.

*The payment method is based on your selected currency and region.
How to Withdraw and Make a Deposit in Binance
5. Enter the required details and follow the instructions.
How to Withdraw and Make a Deposit in Binance
6. Enter your verification code to confirm the withdrawal.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance

How to Sell Crypto on Binance P2P


Sell Crypto on Binance P2P by Web App

Step 1: Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
How to Withdraw and Make a Deposit in Binance
Step 2:
Click (1) "Sell" and select the currency you want to buy (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Sell".
How to Withdraw and Make a Deposit in Binance
Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Sell".
How to Withdraw and Make a Deposit in Binance
Step 4:
The transaction will now display “Payment to be made by buyer”.
How to Withdraw and Make a Deposit in Binance
Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance
Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.

Note: You can use Chat on the right side to communicate with the buyer in the whole process.
How to Withdraw and Make a Deposit in Binance
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Withdraw and Make a Deposit in Binance
Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.

2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.

3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.

4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.

Sell Crypto on Binance P2P by Mobile App

You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.

Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.
How to Withdraw and Make a Deposit in Binance
Step 2

Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.
How to Withdraw and Make a Deposit in Binance
Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
How to Withdraw and Make a Deposit in Binance
Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance

Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Withdraw and Make a Deposit in Binance

Frequently Asked Questions (FAQ)


Why has my withdrawal now arrived?

I’ve made a withdrawal from Binance to another exchange/wallet, but I haven’t received my funds yet. Why?

Transferring funds from your Binance account to another exchange or wallet involves three steps:
  • Withdrawal request on Binance
  • Blockchain network confirmation
  • Deposit on the corresponding platform

Normally, a TxID(Transaction ID) will be generated within 30-60 minutes, indicating that Binance has successfully broadcasted the withdrawal transaction.

However, it might still take some time for that particular transaction to be confirmed, and even longer for the funds to be credited into the destination wallet. The amount of required network confirmations varies for different blockchains.

For example:
  • Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
  • Your assets are temporarily frozen until the underlying deposit transaction reaches 2 network confirmations.
Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the transaction ID (TxID) to look up the status of your transfer by using a blockchain explorer.

Note:
  • If the blockchain explorer shows that the transaction is not confirmed, please wait for the confirmation process to be completed. This varies depending on the blockchain network.
  • If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully and we are unable to provide any further assistance on this matter. You would need to contact the owner/support team of the destination address to seek further help.
  • If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Please make sure you have provided the above information so the Customer Service agent can assist you in a timely manner.


Withdrawal to a Wrong Address

Our system initiates the withdrawal process as soon as you click on [Submit] after passing security verification. Withdrawal confirmation e-mails can be identified by their subject lines starting with: “[Binance] Withdrawal Requested From……”.
How to Withdraw and Make a Deposit in Binance
If you’ve mistakenly withdrawn funds to the wrong address, we are unable to locate the receiver of your funds and provide you any further assistance. If you have sent your coins to an incorrect address by mistake, and you know the owner of this address, we recommend you to contact the customer support of that platform.


Are the offers I see on P2P exchange provided by Binance?

The offers you see on the P2P offer listing page are not offered by Binance. Binance serves as a platform to facilitate the trade, but the offers are provided by users on an individual basis.


As a P2P trader, how am I protected?

All online trades are protected by escrow. When an ad is posted the amount of crypto for the ad is automatically reserved from the sellers p2p wallet. This means that if the seller runs away with your money and does not release your crypto, our customer support can release the crypto to you from the reserved funds.

If youre selling, never release the fund before you confirm that you have received money from the buyer. Be aware that some of the payment methods buyer use are not instant, and may face the risk of callback.

How to Deposit at Binance


How to Deposit Crypto

Let’s use 10 USDT to illustrate how to transfer crypto from an external platform into your Binance account.

1. Log into your Binance account and go to your wallet overview page.
How to Withdraw and Make a Deposit in Binance
2. Click on [Deposit] at the top right side of your screen.
How to Withdraw and Make a Deposit in Binance
3. Select [Deposit Crypto].
How to Withdraw and Make a Deposit in Binance
4. Select the cryptocurrency you want to deposit. In this example, we will deposit USDT.
How to Withdraw and Make a Deposit in Binance
5. Next, choose the deposit network. Make sure the selected network corresponds with the network of the platform you are withdrawing funds from.

Be careful! If you select the wrong network, you will lose your funds.

Summary of network selection:
  • BEP2 relates to the Binance Chain.
  • BEP20 relates to the Binance Smart Chain (BSC).
  • ERC20 relates to the Ethereum network.
  • OMNI refers to the OmniLayer that runs on the Bitcoin network.
  • TRC20 relates to the TRON network.
  • BTC refers to the Bitcoin network.
  • BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. Users are allowed to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses. For more details, please refer to Segregated Witness (SegWit) FAQ.

6. In this example, we will withdraw USDT from another platform and deposit it into Binance. Since we are withdrawing from an ERC20 address (Ethereum blockchain), we will select the ERC20 deposit network.
How to Withdraw and Make a Deposit in Binance
  • The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from.
  • If the external platform only supports ERC20, you must select the ERC20 deposit network.
  • DO NOT select the cheapest fee option. Select the one that is compatible with the external platform.
  • For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.

7. Copy the deposit address provided by Binance and paste it on the corresponding platform’s address section (where you intend to withdraw your funds from).
How to Withdraw and Make a Deposit in Binance
8. After confirming the withdrawal request, you have to wait until the transaction is confirmed. The confirmation time varies depending on the blockchain and its current network traffic.

Please, wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.

9. You can check the [Transaction History] page for more information on your recent transactions.
How to Withdraw and Make a Deposit in Binance

How to Deposit Money


How to Deposit Money for example, EUR, GBP, etc., via Bank Transfer (SEPA)

Select [Bank Deposit] under the [Buy Crypto] tab.
How to Withdraw and Make a Deposit in Binance
Select the corresponding currency, enter the amount, and click [Continue].
How to Withdraw and Make a Deposit in Binance
Get detailed payment information.
How to Withdraw and Make a Deposit in Binance
Complete Deposit to your account.
How to Withdraw and Make a Deposit in Binance


Binance Bank Transfer via SEPA and Faster Payments


1. What is the Single Euro Payments Area (SEPA)?

SEPA is an initiative of the European Union and is strongly supported by the European Commission and the European Central Bank that allows fast, reliable, and affordable Euro (EUR) transfers between bank accounts within the SEPA-zone.

2. What are the Deposit and Withdraw Fees for EUR?

Availability Deposit Fee Withdrawal Fee Processing Time
SEPA Free 0.80 EUR
0-3 business days.
Weekdays only
SEPA Instant Free 0.80 EUR Within a few minutes. 24/7/365

Important Notes:
  • This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
  • You will enjoy a lifetime limit of 150 USD after you register. To increase the limit, please proceed to complete your identity verification.
  • Fees listed in the above chart do not include additional fees charged by your bank (if any).
  • SEPA Instant supports 24/7/365 processing, however, users are advised to consult their bank regarding the availability of SEPA Instant and possible fees charged by your bank.

3. What is Faster Payments Service (FPS)?

FPS is a UK banking initiative to reduce payment times, United Kingdom’s 24/7 Real-Time Payment System, and is one of the most advanced systems of its type in the world. FPS allows fast, reliable, and affordable GBP transfers.

4. What are the Deposit and Withdraw fees for GBP?

Availability Deposit Fee Withdrawal Fee Processing Time
FPS Free 1.5 GBP In a few minutes. 24/7/365
Important Notes:
  • This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
  • In order to enjoy a higher limit, please proceed to complete your identity verification.
  • Fees listed in the above chart do not include additional fees charged by your bank (if any).
Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Investments in crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.


Complete the Identity Verification for SEPA and Faster payments

Identity Verification

1. Log in to your Binance account.

2. Click the [Identification] button on the personal information tab as shown below:
How to Withdraw and Make a Deposit in Binance
3. Click the [Verify] button beside “Personal Details” under the Identity Verification section.

4. Choose your country/region and click [Start].
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance
5. In the next screen, please input the information as requested and click the [Submit Continue] button.
How to Withdraw and Make a Deposit in Binance
6. Choose the issuing country/region and select the ID type (passport, driver’s license or identity card).
You must use a valid government-issued picture identification document.
How to Withdraw and Make a Deposit in Binance
7. Next, you will need to perform facial verification. Please avoid wearing hats or glasses and using filters. Also, make sure there is enough lighting. When you are ready, click [Begin Verification].
How to Withdraw and Make a Deposit in Binance
8. That’s it! You successfully submitted your verification. You will receive the result in your email address within 1-3 business days. Please, be patient.
How to Withdraw and Make a Deposit in Binance

Address Verification

1. Log in to your Binance account.
2. Click the [Identification] button on the personal information tab as shown below:
How to Withdraw and Make a Deposit in Binance
3. Click the [Verify] button beside “Residential Address” under the Identity Verification section.
How to Withdraw and Make a Deposit in Binance
4. Next, you will need to provide a proof of residence, such as a bank statement or utility bill (electricity, water, internet, etc.). Make sure to adhere with the following instructions:
  • Your name on the document must be the same as your submitted ID.
  • Your address on the document must be the same as the residential address you entered.
  • Your document must have been issued within the last 3 months.
  • Your name, address, document issue date, and issuer must be shown clearly on the document.
  • Your document must have a high image quality (at least 300 DPI) in one of the following formats: PDF, JPEG, JPG, PNG.
How to Withdraw and Make a Deposit in Binance

5. After uploading your proof of residence click the [Begin Verification] button.

How to Buy Crypto on Binance P2P


Buy Crypto on Binance P2P by Web App

Step 1:
Go to the Binance P2P page, and
  • If you already have a Binance account, click "Log In" and go to Step 4
  • If you do not have a Binance account yet, click "Register"
How to Withdraw and Make a Deposit in Binance
Step 2:
Enter your email on the registration page and set your login password. Read and check the Binance Terms and click "Register".
How to Withdraw and Make a Deposit in Binance
Step 3:
Complete Level 2 identity verification, enable SMS Verification, and then set your preferred payment method.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance
Step 4:
Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
How to Withdraw and Make a Deposit in Binance
Step 5:
Click (1) "Buy" and select the currency you want to buy (BTC is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Buy".
How to Withdraw and Make a Deposit in Binance
Step 6:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Buy".
How to Withdraw and Make a Deposit in Binance
Step 7:
Confirm the payment method and amount (total price) on the Order Details page.
Complete the fiat transaction within the payment time limit. Then click "Transferred, next" and “Confirm”.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance
Note: You need to transfer the payment directly to the seller through bank transfer, Alipay, WeChat, or another third-party payment platform based on the sellers payment information provided. If you have already transferred payment to the seller, you must not click "Cancel" unless you have already received a refund from the seller in your payment account. If you do not make an actual payment, please do not click "Confirm" to confirm the payment. This is not permitted according to the rules of the transaction. If you encounter any issues during the transaction, you can contact the seller using the chat window.

Step 8:
Once the seller has released the cryptocurrency, the transaction is completed. You can click (2) "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.

You can also click (1) "Check my account" above the button to view the digital asset you just bought.
How to Withdraw and Make a Deposit in Binance
Note:If you do not receive the cryptocurrency 15 minutes after clicking "Transferred, next”, you can click "Appeal" and Customer Service will assist you in processing the order.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance

Buy Crypto on Binance P2P by Mobile App

Step 1
Log in to Binance app
  • If you already have a Binance account, click “Log in” and go to Step 4
  • If you do not have a Binance account yet, click “Register” on the top left
How to Withdraw and Make a Deposit in Binance
Step 2
Enter your email on the registration page and set your login password. Read the Binance P2P terms and click on the arrow to register.
How to Withdraw and Make a Deposit in Binance
Step 3
Enter your email and password, then click on the arrow to Log In.
How to Withdraw and Make a Deposit in Binance
Step 4
After you log in to the Binance app, click the user icon on the top left to complete identity verification. Then click “Payment Methods” to complete SMS authentication and set your payment methods.
How to Withdraw and Make a Deposit in Binance
Step 5
Go to the home page, click “P2P Trading”.
On the P2P page, click the (1) “Buy” tab and the crypto you want to buy (2) (taking USDT for example), and then select an ad and click (3) “Buy”.
How to Withdraw and Make a Deposit in Binance
Step 6
Enter the quantity you want to buy, confirm the sellers payment method(s), and click “Buy USDT”.
How to Withdraw and Make a Deposit in Binance
Step 7
Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit, and then click “Transfer the fund”. Tap on the payment method you transferred to, the click “Transferred, next”
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance

Note: Setting payment method on Binance does not mean that the payment will go directly to the sellers account if you click “Transferred , next” . You need to complete the payment directly to the seller through bank transfer, or another third-party payment platform based on the sellers payment information provided.

Please do not click “Transferred , next” if you have not made any transactions. This will violate the P2P User Transaction Policy.

Step 8
The status will be “Releasing”.
Once the seller has released the cryptocurrency, the transaction is completed. You can click "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.
How to Withdraw and Make a Deposit in Binance
You can click “Wallet” at the bottom and then “Fiat” to check the crypto you bought in your fiat wallet. You can also click “Transfer” and transfer the cryptocurrency to your spot wallet for trading.
How to Withdraw and Make a Deposit in Binance
Note :
If you do not receive the cryptocurrency 15 minutes after clicking “Transferred, next”, you can contact the seller by clicking the “Phone” or “Chat” icon on the top.
How to Withdraw and Make a Deposit in Binance
Or you can click "Appeal”, select a “Reason for Appeal”, and “Upload Proof”. Our customer support team will assist you in processing the order.
How to Withdraw and Make a Deposit in Binance
1. You can only buy or sell BTC, ETH, BNB, USDT, EOS and BUSD on Binance P2P currently. If you would like to trade other cryptos, please trade at the spot market.
2. If you have any questions or complaints, please contact our customer support team.


Frequently Asked Questions (FAQ)


Why has my Deposit not been credited yet?

Transferring funds from an external platform to Binance includes three steps:
  • withdrawal from the external platform
  • Blockchain network confirmation
  • Binance credits the funds to your account

An asset withdrawal marked as “completed” or “success” in the platform youre withdrawing your crypto from means that the transaction was successfully broadcast to the blockchain network. However, it might still take some time for that particular transaction to become fully confirmed and credited to the platform you’re withdrawing your crypto to. The amount of required “network confirmations” varies for different blockchains.

For example:
  • Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
  • All of your assets will be frozen temporarily until the underlying deposit transaction reaches 2 network confirmations.

Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the TxID (Transaction ID) to look up the status of the transfer of your assets by using a blockchain explorer.
  • If the transaction has not yet been fully confirmed by the blockchain network nodes, please wait and try again later.
  • If the transaction is unconfirmed by the blockchain network, but it has also reached the minimum amount of network confirmations specified by our system, please contact our Support team and create a ticket with TxID, coin/token name, deposit amount and transfer time. Please make sure you have provided the above-detailed information so the Customer Service agent can assist you in a timely manner.
  • If the transaction is confirmed by the blockchain but not credited to your Binance account, please provide us with the TxID, token name, deposit amount, and time.


How do I check the transaction status on the blockchain?

Log in to Binance.com, click on [Wallet]-[Overview]-[Transaction history] to find your cryptocurrency withdrawal records.

If the [Status] shows that the transaction is “processing”, please wait for the confirmation process to be completed.
How to Withdraw and Make a Deposit in Binance

If the [Status] shows that the transaction is “Completed”, you can click on [TxID] to check the transaction details in a block explorer.
How to Withdraw and Make a Deposit in Binance
How to Withdraw and Make a Deposit in Binance



Summary of Incorrect Deposit


Missing or wrong TAG:

If you forgot to use a Tag, Memo or payment ID (e.g. BNB, XLM, XRP, etc) or used an incorrect one, then your deposit will not be credited.

Currently, you can apply for recovering your assets via self-service online:
Deposit made to incorrect receiving/deposit address or Unlisted token deposited:

Binance generally does not offer a token/coin recovery service. However, if you have suffered a significant loss as a result of incorrectly deposited tokens/coins, Binance may, solely at our discretion, assist you in recovering your tokens/coins. Binance has comprehensive procedures to help our users recovering their financial losses. Please be noted that successful token recovery is not guaranteed. If you have encountered this sort of situation, please remember to provide the following information to us for speedy assistance:
  • The email address of your Binance account
  • Token name
  • Deposit amount
  • The corresponding TxID

Deposit to an incorrect address which doesnt belong to Binance:

If you have sent your tokens to an incorrect address which does not belong to Binance. We are unable to provide you any further assistance. You are suggested to contact the relevant parties (owner of the address or exchange/platform which the address belongs to). 
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