How to withdraw money from Binance to card in 2024

The Binance exchange has been leading in the number of daily visits and trading turnover for several years in a row. To stay on trend, developers are constantly monitoring the sphere and adding new tools. In 2023, clients of the platform invest in cryptocurrencies, trade on the futures market and spot, place funds in staking, deposits and liquidity pools. You can withdraw money from Binance in USDT without commission to e-wallets or via a P2P platform. In 2022, the exchange supported the anti-Russian sanctions. Therefore, it will not be possible to transfer money to a card in rubles directly.

About withdrawing funds from Binance

The exchange strictly complies with the requirements of international regulators, so only verified clients are allowed to work on the site. Citizens of different countries can withdraw money in national currencies. To receive them on cards or EPS in euros, it is necessary to confirm the address of residence in a country of the European Union.

Online exchangers and other more loyal exchanges help to bypass restrictions. Many Binance clients withdraw currency with their help.

Wallet verification

Identity verification is a mandatory procedure on the exchange. Without KYC, it is impossible to replenish the account and get access to additional services. Binance uses a three-stage verification:

• Basic – a copy of the document and selfies with a smartphone camera will be required. After the status change, you can enter up to $50k daily.
• Plus – you need to confirm your residential address. The limit increases to $2 million, additional services become available.
• Extended – you can withdraw fiat without restrictions. It is necessary to answer the questions in the questionnaire and provide a declaration of income.

Verification takes 1-2 hours on average, but according to the regulations the verification period is 2 days. It is safe to enter personal data on the platform – the information is sent through secure channels. The platform guarantees confidentiality. Information is not transferred to third parties.

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The need to bind a card

The procedure is necessary in order to use the functions of direct withdrawal from the platform, as well as to buy cryptocurrency without replenishing the fiat balance and using “plastic” on the P2P-platform. Instructions for linking the card:

1. Go to the withdrawal page and click on the Settle Pay button.
2. A window will open in which you need to specify the “plastic” data: owner’s name, account number, expiration date and CVV.

In 2023, you can not withdraw crypto in dollars, rubles, and tenge from Binance. When trying to bind a “plastic”, an error message will appear.

Limits, commissions and payment terms

On the platform there are no fees for replenishing cryptocurrency accounts. The commission for transferring to an external wallet depends on the coin and blockchain.

For example, for sending Bitcoin via BEP-20, you need to pay 0.0000039 BTC. For a transfer in the native network – 0.00005 BTC.

Additionally, you need to pay the network commission. Binance has such limits in effect:

• Themaximum amount of transfer in cryptocurrency per day is $8 million. The minimum depends on the coin (from $0.01).
• With basic verification you can withdraw money from Binance to the card and other directions to a maximum of $50 thousand per day, with Plus – up to $2 million. The commission is 2% + $3 in equivalent. Withdrawal of funds from Binance in rubles to the card is closed.

Transfers in cryptocurrency are executed immediately after receiving a request. The term of receipt of money depends on the load on the network (no more than 30 minutes). Requests for withdrawal in fiat are processed within a day. On the card, the money usually comes in 30-60 minutes.

Methods to withdraw fiat from Binance in 2024

Convenience and speed of receiving national money for most users is more important than the availability of tools for trading. Binance developers offer different ways of withdrawal:

• Direct transaction to card and e-wallet.
• Withdrawal from Binance to a P2P card.
• Bank transfer.
• To another Binance account.

You can withdraw money from Binance to a card in 2024 and with the help of exchange offices. These services also support bank accounts, EPS in different currencies. Exchangers allow you to withdraw stablecoins and top coins in national money. In large cities there are offline offices where you can get cash (USD, RUB, EUR, TRY).

How to withdraw money from Binance to a card

Direct transactions are available only to residents of the European Union – in euros. Citizens of other countries use the internal P2P service for withdrawal. With its help, you can get money to the cards of top banks.

Binance Card

For residents of the European Union, the exchange offers to order a branded debit card. It can be used to pay for purchases in online and offline stores and withdraw cash.

Customers can choose between a plastic or virtual card with support for Google Pay and Samsung Pay.

Up to 8% of the purchase amount is returned as a cashback to BNB. The card works like this:

1. To order, you need to go to Finance and then Card.
2. “Plastic” will be sent by mail. You can also issue a virtual card. It must be added to the Google Pay application.
3. Replenish the account for financing in euros or top cryptocurrencies (BTC, ADA, USDT, DOT and others).

You can pay for purchases in all retail outlets with the Visa logo. At the moment of transaction, the cryptocurrency is debited from the account. If the payment fails, the amount in euros will be returned to the balance.

Tinkoff

Withdraw from Binance to a card in Russia can be done with the help of this bank. Tinkoff opens accounts in different currencies. For direct transfers, you need a balance in euros. Transactions in rubles are available in the P2P service. The instructions are as follows:

1. Open the site and go to the P2P section.
2. Select a coin (BTC, USDT, BUSD, ETH).
3. Specify Tinkoff Bank as the method of receipt.
4. Select the offer.
5. Enter the amount (for example, 5 dollars) and confirm the creation of the order.
6. Wait for the transfer notification and check the balance in the banking app.
7. If the amount is correct, click on the “Confirm” button.
8. Enter the code from SMS or Google Authenticator.

SberBank

In 2022, the exchange removed the cards of this bank from the P2P listing. Users can withdraw rubles to SberBank through exchangers or other platforms. For example, it is supported by Binance’s subsidiary project – the peer-to-peer platform PEXPAY.

Other cards

The peer-to-peer service is supported by Rosbank, Home Bank, Alfa-Bank and other Russian organizations. However, these directions are not popular. Withdraw money from Binance to any bank card is not possible. For the desired direction there may be no announcements. In this case, the client has the right to create his own. It sometimes takes several days to find a counterparty.

Through Payment Systems

According to J’son & Partners, more than 20% of transactions in the world are made with the help of electronic wallets. This is fast, convenient and in some cases safer than using a card. Most services require account confirmation, but transactions for small amounts can be done anonymously.

Advcash

EUR and TRY can be withdrawn to this electronic account through the exchange’s wallet. A commission of 1.5% is charged for the operation. The instructions are as follows:

1. Go to the Binance Trade section “Fiat and spot”.
2. Select “Withdrawal”.
3. Specify the national currency.
4. Find Advcash in the list below.
5. Enter the e-mail to which the electronic account is linked.
6. Press the Confirm button and confirm the withdrawal using two-factor authentication.

PAYEER

In March 2023, the exchange removed the payment system gateway. It is possible that withdrawal via PAYEER will be opened in the future. Now the EPS is available on the peer-to-peer platform, but only residents of Europe and the United States can use it.

Others

Traders from the Russian Federation can withdraw their earnings to UMopeu accounts in rubles using the P2P service. Foreign EPS (Perfect Money, Skrill) are not available to Russians. To remove the ban, you need to confirm your residence in a country of the European Union, the UK or the USA.

Transfer to another address

Sending cryptocurrency to external wallets is available after activating 2FA. You can connect an application for code generation or SMS/e-mail authentication.

If you activate all methods, you will need to enter 3 codes to confirm the transfer. For frequent transactions, this can be inconvenient. Therefore, users add trusted addresses to the white list.

The operation must be confirmed. In the future, you can transfer money to the specified wallets without codes. After sending funds, a letter about the withdrawal will come to your email. It is impossible to refuse notifications – this is done for security purposes. Instructions for transferring assets:

1. Log in to the platform on the website or mobile app.
2. Open the “Fiat and Spot” page.
3. Click on “Withdrawal”.
4. Select a coin. Information about transaction limits and average network fees will appear at the bottom of the window.
5. Enter the recipient’s address or select from the whitelist.
6. Check the data. In case of an erroneous transfer, it is impossible to return the money.
7. Confirm the operation.

P2P platform

Binance clients withdraw funds quickly and cheaply through a peer-to-peer platform. The service supports cards, EPS (only in national currencies), mobile accounts. You can withdraw money from Binance from a spot wallet in USDT, BTC, ETH, BUSD, BNB, SHIB. Binance P2P is one of the most liquid peer-to-peer platforms. There are always plenty of bids available here at good prices for all supported destinations, including BNB transfer.

Binance locks sellers’ funds in escrow accounts. This guarantees honesty in transactions. In case of violations of the second party, the user can apply to arbitration. If the client provides enough evidence, the administration will return the funds.

To access the section, you need to get a verification level not lower than “Plus”. Instructions for withdrawing money using the peer-to-peer service:

1. Open the “Transactions” section and then – P2P.
2. Choose a coin and ways to receive fiat (you can mark several). When withdrawing rubles, you can not specify a SberBank or SBP card. To use these methods, you can go to another Binance service – PEXPAY.
3. Enter the amount of exchange.
4. Select the offer and familiarize yourself with the additional terms of the transaction. Some users do not accept third-party transfers or require you to add comments.
5. Enter the amount and click on “Sell”.
6. Go to the app and make sure the balance is topped up.
7. Return to P2P and confirm receipt of the amount claimed.

After completing the transaction, you can leave feedback or add the counterparty to the whitelist. This will allow you to conduct transactions only with verified users.

Cryptocurrency exchangers

The exchange offers a small number of payment systems for cashing out. Therefore, many traders use exchangers. With their help, you can get money to e-wallets or cards in any currency. It is worth remembering that this sphere is not regulated yet, so it is safer to choose a service based on known monitors.

Usually the main pages of exchangers indicate popular destinations. The rest should be searched for in the “List” tab. From exchangers you can also transfer money now to any cryptocurrency wallet or send it without commission to another Binance client. According to this direction, you need to select “Crypto exchanges balances”/Binance in the “Give away” field. Instructions for withdrawing funds through the exchanger:

1. Open monitoring.
2. In the “Receive” column, select the payment system. Cards in any currency, EPS, cash – money transfers or digital assets are supported.
3. In the “Giving” column, choose the method of money transfer – cryptocurrency or exchange balance. It is necessary to compare the rates and leave the best option. It is worth paying attention not only to the price, but also to the reliability of the site: the period of operation, the number of reviews, the presence of online chat. With frequent transactions, it is better to choose a service with a good bonus system for authorized customers.
4. Go to the website of the exchanger.
5. Specify the amount of the transaction and the recipient’s account.
6. Enter your e-mail address. Information about the status of the application will be sent to it. On some platforms you need to fill in the fields “Full name” and “Mobile phone”.
7. Confirm the application.
8. Transfer assets to the specified details.
9. Click on the “I paid” button.

On average, the application takes 10-15 minutes to complete. When transferring bitcoin, the service starts processing after two network confirmations.

To other crypto exchanges

Users can send digital assets to any external wallets. It is not possible to withdraw fiat to third-party trading platforms. For a cryptocurrency transaction, you need to get the address of another exchange:

1. Open the platform’s website.
2. Go to the “Assets” section and click on the “Deposit” button.
3. Select a coin and network.
4. Copy the wallet address or scan the QR code with the Binance mobile app.

To platforms tied to Binance

The Binance crypto exchange is only a part of the ecosystem of the same name. It includes platforms such as:

• Binance Tr – a platform for trading in Turkey.
• PEXPAY is a peer-to-peer service. The company began to develop it after the introduction of restrictions in 2022. On the subsidiary platform, you can use tools and directions that are not available on the main platform.
• Tokocrypto is a service for trading in Indonesia.

You can choose the “Through Binance” method to register on these platforms. The accounts will be linked, including KYC. This will allow for quick transfer of assets between the platforms. Instructions for an outgoing transaction from Binance:

1. Open the “Wallets” section in the mobile app or “Fiat and Spot” on the website.
2. Click on the “Transfer” button.
3. Select the linked platform.
4. Specify the coin and amount.

The transaction is completed instantly. The commission is not charged.

How to withdraw funds from Binance to a wallet

The exchange supports decentralized storage – Binance Chain Wallet and Trust Wallet. Users can link an account to a wallet and transfer assets in one click. This feature is convenient, but not mandatory.

You can also get the address of any wallet, add it to the whitelist and withdraw money as usual.

Mobile, browser-based, hardware vaults are suitable. It is safer to choose non-custodial ones. Instructions for creating an account:

1. Download the app.
2. Click on the Create Wallet button.
3. Specify a password.
4. Seed-phrase will appear on the next screen. This is the only way to restore access to funds in case of password loss. You need to write down the Seed (better on paper) and keep it in a safe place.
5. Enter a few random words from the mnemonic phrase for verification.

Binance Chain Wallet

This ecosystem wallet was launched to support the BSC blockchain. The interface is also compatible with Ethereum. It will require linking the wallet to an exchange account for fast asset transfers. Guidelines:

1. Open the “Fiat and Spot” section, then “Direct Transfer to Wallet”.
2. On the page you can see the list of connected accounts. To add a new one, you need to click on “Confirm and bind wallet address”.
3. In a new window you will see a notification about security rules when working with non-custodial storage. You need to read them and click on “I understand”.
4. Synchronize Binance Chain Wallet with the exchange. Click on Connect in the pop-up window. Then go back to the Binance website, click on Sign with Wallet and Confirm.
5. Click on the “Bind” button.
6. Confirm the action with codes from SMS, email and Google Authenticator app.
7. For a direct transfer to the wallet, open Wallet Direct, enter the amount, select the coin, blockchain (BSC, Ethereum) and sign the transaction.

Trust Wallet

The exchange bought this vault from Viktor Radchenko in 2018. Until 2022, its development was handled by the creator. Then the management was transferred to Binance, and Eowyn Chen was elected to the post of CEO. Previously, she was engaged in the development of Binance’s marketing strategy.

The vault supports 60 blockchains and thousands of coins. Users can exchange them in an internal service, send them to staking and connect to dApps. To quickly transfer cryptocurrency from the exchange, you need to link accounts and follow the steps according to the instructions:

1. Open Trust Wallet.
2. Go to the “Wallet” menu and select a coin.
3. Click on “Get”, then “Direct transfer from exchange”.
4. The Binance exchange application will open. You need to log in to your account.
5. The Trust Wallet account address will be inserted automatically. It is necessary to specify the amount of cryptocurrency.
6. Confirm the creation of the order.

MetaMask

This is the most popular wallet in the Ethereum network. It is used to store and transfer ether, ERC-20 tokens, NFT. 30 blockchains, including BSC, are also supported. The developers of the crypto exchange are not related to MetaMask, so it is impossible to link accounts. To transfer coins, you need to get an address in your wallet and create an application.

Author: Saifedean Ammous, an expert in cryptocurrency economics.