How to Withdraw from Binance (Bank, Exchange & Wallet)

 How to Withdraw from Binance 

(Bank, Exchange & Wallet)

 

How to withdraw money from Binance - withdraw funds from Binance, withdraw cryptocurrency from Binance, withdraw fiat currency to bank from Binance and set up address whitelist.

Hello everyone, welcome to another video, this time on how to withdraw funds from your Binance account. Whether you want to transfer cryptocurrencies to another exchange account or a wallet, or fiat currencies to a bank account, it's all covered in this video. I'll leave all the time stamps in the description.

for you along with some other helpful videos more binance tutorials and other links that you should check out you can click the link in the description to go to the binance homepage if you don't have an account yet I have other tutorials that show you how to sign up and get everything done so i'll leave those in the description as well let's come through and withdraw our cryptocurrency first

We may go to the wallet menu and then down to fear and spot to check all of the deposits we have on our account for both fiat currency and cryptocurrencies.
By hitting this toggle right here, you can display and hide your balances, but as we scroll down, we can view the balances for our fiats and then our cryptos.
There are several reasons why you might wish to remove cryptocurrency from your account. The first is that you wish to transfer it to another exchange.

so that you can trade that coin against other cryptos that aren't supported on Binance. You can also withdraw cryptocurrencies from your Binance exchange account and send them to other wallets, like as mobile wallets or hardware wallets, such as the trezor one hardware wallet, which is inexpensive and secure.
The procedure of moving coins to any form of wallet, whether it's a hardware wallet, a mobile wallet, or another exchange, is the same, so let's come down to examine our cryptocurrency balances, which will be presented here for you.


You can sort them by the amount available or the total amount you have of each coin. Go ahead and choose a cryptocurrency that you want to withdraw, in this case, bitcoin. Then click withdraw, and it will take us to the withdrawal screen.


I'll just push done on these because binance actually provides you some pretty useful suggestions that you can go over and make sure you're doing the proper thing.

and show you how to do it step by step To begin, simply select the coin that you want to withdraw; you can also alter it here. Next, you can view all of the coins that you have and search for them; for example, eth or bnb coin, or any other currency that you have, you can search for it here and choose it.


You'll also see your total balance and available balance on account because you might have some coins locked away for staking. If you wish to withdraw to another exchange, I'll show you how to accomplish so. Now go to whatever exchange you're using and go to the deposits tab.


The menu system will alter depending on whatever app you use, but any exchange will have a deposit feature, so click on it and it will give you the address, which I'll accept and then come here.
a new address is generated For example, kraken generates a large number of new addresses that you can use.


However, they will have a deposit address, which will be a bitcoin address as well, which you can simply choose and copy before returning to your Binance withdraw page and pasting this address.

Then, in the recipient's address field, you must choose the transfer network that you will use to make the transfer. It is critical that this is identical across the two accounts; otherwise, the coins will be lost if you choose the wrong network.

So we're going to utilise the bitcoin network for this one since that's what kraken uses, and then you can choose how many bitcoins you want to send. You can put any number in here, and then check the transaction cost and how many bitcoins you'll get at the end. There will always be a transaction cost for this since you always pay

After paying a charge to the network for completing the transaction, you can submit it, and it will be transferred to the destination address you specified.
If you return to the exchange or wallet that you're using, whether it's a cracked exchange account, a coinbase account, a trustworthy account, or a hardware wallet like the trezor account, there is always an option to generate a qr code.
If you have the financial smartphone app, you may quickly scan this and go to wallets.


After there, you can either scroll through your coins to see what you own or search for them using a keyword.
I also have some search history, so if you click this, you'll be taken to the coin withdrawal screen, where you can either paste the address into the box or press this icon right here, which will scan the qr code generated by the other wallet.


and fill in all of the information for you to withdraw fiat currencies is more or less the same, so you can go to your wallet, click on fear, and view all of your fiat currency amounts.

If you're new to Binance or don't have an account yet, you'll need to give Binance all of your information, including your identification documents, if you wish to withdraw fiat currencies.
The name on your Binance account must exactly match the name on your bank account.

If you're on this screen, on the right hand side, there should be a verify your information button, and then you can proceed through all of the on-screen procedures. I'll leave a video in the description on how to really sign up for an account with Binance.


but simply choose the fiat currency that you want to withdraw so you can search for them all here I will choose gbp you can then choose the withdraw method come over to enter the quantity so how many that you actually want to withdraw you can see the fee and how many that you will really get you can then go through and press continue and input all of the bank details you can then go through and press continue and input all of the bank details you can then go through and press continue and input all of the bank information


If you have cryptocurrencies and are wondering how to convert them to pound sterling or dollars to deposit them into a bank account, head to the trading area and click on convert. From there, you can simply sell your cryptocurrency.


and convert it into several fiat currencies supported by the US dollar, one of which being the euro. If it isn't supported on the otc portal, you'll have to go to trade and advanced, where you can view all the markets supported by finance for your fiat currencies. Go to the market you wish to sell, in this case bitcoin, and type in gbp.


These are then all the bitcoin pound sterling markets. I can go and sell bitcoin and see that I can sell my bitcoin for this many gbp, which will be deposited in my Binance account for me to transfer out. Of course, this will vary depending on which currency you actually want to trade.

Next, I'd like to discuss whitelist addresses, which is an important feature for adding an extra layer of security to your account. Once you've created an account, go to your icon and then to security, where you may white list a number of external addresses to which you can send crypto currency.

So if you have another kraken or coinbase account, or if you use a wallet like coinbase wallet or trust wallet, you can add several of your bitcoin addresses here by clicking managing adding them and then giving them names. Then you can click on the whitelist.

This means that even if someone gains access to your account, they will only be able to transfer cryptocurrency to whitelisted addresses. Anyone wishing to modify these addresses will need to go through a second authentication process, either by email or SMS.


Though there are some withdrawal alternatives from Binance for both cryptos and fiat currencies, I'd recommend putting this on only to boost the overall security of your account. If you found this video useful, please like and share it, and subscribe to the channel for more videos like this, and I'll see you in the next one.