"Bian" (变) is a candidate word that frequently appears when typing "bian" in a Chinese input method, and it sounds similar to "币安" (Binance), so many users use it to refer to Binance. If you do not have a Binance account yet, you can first register on Binance, then download the Binance app for easier operation. Below we explain the specific methods for withdrawing from Binance.
Two Types of Withdrawal
On Binance, "withdrawal" can refer to two things:
- Transferring cryptocurrency from Binance to another wallet or exchange (on-chain withdrawal)
- Selling cryptocurrency and converting it to fiat currency in your bank account (C2C selling)
On-Chain Withdrawal Steps
Detailed Process
- Open the Binance app and go to the "Assets" page
- Tap "Withdraw"
- Select the cryptocurrency you want to withdraw
- Enter the recipient's wallet address
- Choose the withdrawal network (must match the recipient)
- Enter the withdrawal amount
- Confirm the information and submit, then complete security verification
How to Choose the Withdrawal Network
Taking USDT as an example, the common networks include:
- TRC20: Low fees, fast arrival, most commonly used
- ERC20: Ethereum network, higher fees
- BEP20: Binance Smart Chain, low fees
Make sure to confirm that the recipient supports the network you choose. Selecting the wrong network may result in unrecoverable asset loss.
C2C Selling to Withdraw to a Bank Card
If you want to convert cryptocurrency to fiat currency:
- First transfer your coins from the trading account to the funding account
- Go to C2C trading and select "Sell"
- Choose the cryptocurrency and amount to sell
- The system matches you with a buyer, and you wait for them to pay
- After confirming you have received the bank transfer, tap "Release"
- Transaction complete
Tips When Selling
- Always confirm that the bank card has actually received the funds before tapping Release
- Do not rely solely on SMS notifications — log in to your banking app to confirm receipt
- If the other party requests off-platform trading or a change of payment account, refuse immediately
- If anything abnormal occurs during the transaction, contact platform customer support immediately
Withdrawal Fees
On-chain withdrawals incur a certain network fee that varies by cryptocurrency and network. Binance does not charge fees for C2C transactions, but there is a spread between buying and selling prices.
Withdrawal Limits
Users who have not completed advanced identity verification will have limited withdrawal quotas. After completing verification, the daily withdrawal limit increases significantly. You can view the specific limits in the app's security settings.
Withdrawal Arrival Times
On-chain withdrawals generally take a few minutes to half an hour, depending on network congestion. C2C selling arrival time depends on the buyer's payment speed, and transactions are typically completed within a few minutes.