How to earn and withdrawal money on binance

How to Withdraw Money from Binance to Your Bank Account (Step-by-Step)

Withdrawing money from Binance to your bank account is a common need for many users. Depending on your country, Binance provides different withdrawal options. The most widely used and reliable method is Binance P2P (Peer-to-Peer), especially in regions where direct bank withdrawal is not available.

This article explains how to withdraw money from Binance to your bank account step-by-step, focusing mainly on Binance P2P.

Method 1: Withdraw Money Using Binance P2P (Recommended)

Binance P2P allows you to sell your cryptocurrency directly to other users and receive payment into your bank account. Binance acts as an escrow to ensure the transaction is safe.

Requirements

Before withdrawing, ensure that:

Your Binance account is verified (KYC completed)

You have cryptocurrency such as USDT

Your bank account details are added on Binance

Two-factor authentication (2FA) is enabled for security

Step-by-Step Guide to Withdraw via Binance P2P

Step 1: Log in to Binance

Open the Binance app or website and log in to your account.

Step 2: Open Binance P2P

On the app: Tap Trade → P2P

On the website: Click Trade → P2P

Step 3: Select “Sell”

Switch to the Sell tab and choose the cryptocurrency you want to sell (commonly USDT).

Select your local currency.

Step 4: Choose a Buyer

When selecting a buyer, check:

Completion rate (preferably above 90%)

Number of completed trades

Supported payment methods (bank transfer)

Click Sell next to a suitable buyer.

Step 5: Enter Amount and Confirm

Enter the amount you want to sell and confirm the order.

Binance will lock your crypto safely until the transaction is completed.

Step 6: Receive Bank Payment

The buyer will transfer money directly to your bank account.

Check your bank app or SMS alert to confirm receipt.

⚠️ Do not release the crypto until you have confirmed payment.

Step 7: Release Crypto

Once payment is confirmed, tap Release, enter your security code, and complete the transaction.

Method 2: Direct Bank Withdrawal (Where Available)

In some countries, Binance supports direct fiat withdrawals.

Steps:

Go to Wallet → Fiat and Spot

Click Withdraw

Select Fiat

Choose your currency and bank

Enter the amount and confirm

Availability depends on your region.

Important Safety Tips

Never release crypto before confirming payment

Communicate only through Binance chat

Avoid off-platform transactions

Enable 2FA for extra account security

Report suspicious activity immediately

Conclusion

Binance P2P is a secure and convenient way to withdraw money from Binance to your bank account. With Binance escrow protection and local currency support, it remains the preferred withdrawal option for many users.

Understanding the steps and following safety rules will help ensure smooth and successful withdrawals.