Binance is currently the most popular cryptocurrency exchange worldwide. It was established in 2017 in China and quickly gained popularity. Today it boasts millions of users from all over the world. It is the perfect platform to invest in cryptocurrencies.
This article will present a guide from which you will learn how to withdraw money from the Binance exchange to a bank account, how much to wait for them and not only.
How to withdraw money from the Binance exchange to a bank account?
Withdrawing money from Binance to a bank account is not a difficult process. First you need to choose the coin that is the target of the transfer, and then the amount. Next, simply add your wallet address, security verification information, and the transfer network.
However, it should be remembered that it is currently not possible to withdraw by bank transfer from the Binance platform directly to a bank account. If you want to withdraw money from cryptocurrencies to PLN, you need to use alternative methods.
The withdrawal of funds in the form of zlotys can be realized through the Zen application. You can also withdraw euros by bank transfer or bet on the transfer of cryptocurrencies to another platform that supports the withdrawal of funds by ordinary transfer in PLN.
Each of the above methods will allow you to exchange virtual currency for gold. Transferring cryptocurrencies to another exchange, such as Zonda, is a very convenient way to withdraw money in PLN.
It is worth adding that fiat currencies can be easily and intuitively withdrawn from the Binance platform through the Zen website, which currently supports not only withdrawals in zloty, but also in CZK, RON or HUF.
Binance – how to withdraw money in a convenient way?
If you want to withdraw funds through Binance, first you need to log in to the platform account, and then go to the menu. Select “wallet” and then “overview”. Click “withdraw”, select “Fiat”, then select the currency to withdraw from the drop-down menu and select “Zen”.
If you’re having problems, Your Zen account probably isn’t connected to the Binance platform. In this case, the information provided on the website “How to make a deposit on Binance by Zen.“
If your Zen account is connected to the Binance exchange, after clicking on the ” Zen “option, select the amount you want to withdraw, and then click “Continue”.
At the end, all that is left is to verify the withdrawal and click on “Confirm” and end the process by selecting the “Submit”option.
Fiat currency can be very conveniently withdrawn from the Binance exchange. The whole process is simple and intuitive. You can make a withdrawal in several ways.
Why can’t I withdraw money from Binance?
There may be a situation where the withdrawal function from your account on Binance has been suspended. This is most likely due to security concerns. The platform suspends the withdrawal function from your account if certain security operations have been performed. Talk here m.in. change your password. In this case, you can not withdraw money from your account for a period of 24 or 48 hours.
After a day or two, the withdrawal function is automatically unlocked, so you can easily withdraw fiat currencies and make other transactions.
Moreover, the withdrawal feature may also be suspended when the Binance platform system detects unusual activity in your account. Then you should see an error message in the usage center. In order to be able to withdraw from your account again without hindrance, you need to verify your identity.
The process of confirming your identity and unlocking withdrawals on the Binance exchange is seamless. Everything is simple and intuitive, so you can do it quickly and without hindrance. In a short time you will be able to enjoy the possibility of withdrawals again.
How to withdraw from Binance at an ATM?
It turns out that the Binance cryptocurrency exchange has many amenities and useful options. One of them is the possibility of withdrawing funds at an ATM.
With the option of instant withdrawal from cards, you can withdraw money from fiat wallets right away to a debit or credit card. You can use Visa Direct, or Visa Fast Funds.
As it turns out, the withdrawal of funds using Instant Card is Express and possible in many countries, including Poland.
In order to withdraw fiat currencies immediately, at the very beginning, make sure that you have a popular currency in your wallet, such as the Euro. To do this, you need to find the item “Fiat and Spot” in the wallet tabs (this option is located at the very top). Click “withdrawal”, then “Fiat withdrawal” and select the currency you want to withdraw to your debit or credit card, e.g. ” bank card (Visa)”
Once you have selected your card, you should see the “directly to card” option. If you see it, the Visa Direct feature has been enabled and you can enjoy withdrawals from Binance to your credit card.
To finalize your withdrawal, select your linked credit card. You can also add a new one.
How long does it take to make money from Binance?
Many users wonder how long to wait for money from Binance. Much depends on the form of payment. If you have withdrawn funds directly to your credit card, the transaction should be processed within 5 minutes (usually it takes several seconds). However, there are rare situations when the processing process can take up to 24 hours.
If you want to transfer money from Binance to your bank account (e.g. via The Zen option), processing your withdrawal may take some time. This is due to the fact that each blockchain is slightly different, so the time to complete the transaction may vary slightly.
By far, the fastest way to transfer funds is to use the Visa Direct option. With it, you can enjoy your credit or debit card funds in minutes. However, you need to remember that this option is not devoid of minuses – commissions are applied.
How to withdraw cryptocurrencies to a bank account?
Withdrawing cryptocurrencies to a bank account is very simple and intuitive. Whether you use the Binance exchange or another platform, this will not be a problem.
In the case of the Binance exchange, you just need to log in to your account and then go to the withdrawal section.
Select the cryptocurrency you want to sell, your preferred fiat currency (currently the platform recommends choosing Euro) and enter the amount. Unfortunately, it is not possible to pay gold at this time.