How to Make a Binance Cash Withdrawal to Your Bank
Binance is one of the major cryptocurrency exchanges in the world, offering users a variety of digital currencies to trade with. As a user, you may want to cash out some of your earnings and withdraw them to your bank account. This article explains how to make a Binance cash withdrawal to your bank.
Step 1: Set up your bank account on Binance
First, log in to your Binance account and click on “Wallet” in the top right corner of the page. From there, select “Fiat and Spot” and then “Withdrawal.” Next, select your currency and input the amount you want to withdraw.
Binance will require you to enter the details of your bank account, including the name of your bank, the account number, and the routing number. Verify that the information you provide is correct.
Step 2: Verify your identity
To ensure the security of your account, you will need to verify your identity before you can make a cash withdrawal. Binance will require you to submit a government-issued ID and a selfie. You may also need to complete a few surveys to confirm your identity.
Step 3: Request the withdrawal
Once you have completed the verification process, you are now ready to make a withdrawal. Go back to the “Fiat and Spot” page and select “Withdrawal.” From there, you can select the account you wish to withdraw from and the currency you want to withdraw.
Enter the amount you want to withdraw and confirm the details of your withdrawal. Check again that your bank account details are correct.
Step 4: Wait for the funds to arrive in your bank account
It may take some time for your withdrawal to process, so be patient. Binance will email you once your withdrawal has been approved and will provide an estimated time of arrival for your funds.
Once the funds have arrived in your bank account, you can simply use them as you wish.