Withdraw from Binance to Bank Account via SWIFT & Instant Card

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Are you wondering how to withdraw money from Binance to a bank account? Well, search no more, for we’ve got you covered. In this article, we’ll share the simple steps on how you can withdraw your money from Binance to a bank account.

How does withdrawal from Binance work?

The withdrawal process of Binance is very convenient, facilitating around 60 crypto exchanges, 14 fiat currencies, different payment options, and includes fiat currencies such as USD, AUD, CAD, EUR, and JPY. In addition, the payment options may vary depending on the region or country of the user, but most traders withdraw money through SWIFT and Instant Card.

However, like other trading platforms, expect Binance charges for withdrawal transactions. But the good thing with Binance is that they offer low withdrawal fees compared to other exchange platforms that charge around $10 to $30 for every transaction. The withdrawal charge of Binance for fiat currency costs around $1 to $15, similar to the fees of withdrawing cryptocurrency. 

Also, apart from security service, Binance provides convenient withdrawal taking around 5 to 10 minutes, from filling out the transaction details up to the money reflecting on the bank account. Although there are rare cases that the withdrawals are 24 hours delayed, Binance customer service can assist you with your transactions.

You may want to read: How to Create a Binance Account

How to Withdraw Money from Binance to Bank Account

There are several payment options to withdraw money from Binance to a bank account. However, the payment options will differ, including the withdrawal fees based on the selected currency. So we’ll show you the most used payment options by traders, such as withdrawing USD using SWIFT and Instant Card. And to know how to withdraw money from Binance to a bank account, follow the steps below.

How to Withdraw USD to bank account via SWIFT

  1. Launch Binance on your mobile device or PC, and log in to your account.
  2. On the upper right corner of the homepage, click “Wallet” and choose “Fiat and Spot” on the drop-down menu.
  3. Click “Withdraw” on the top right corner of the screen, and select USD under the “Currency” options in “Fiat”.
  4. On the recommended payment options, choose “Bank Transfer (SWIFT).
  5. Then, enter the preferred amount for withdrawal, and click “Continue”. You can see the transaction fee and the amount that the beneficiary account will receive below the amount for withdrawal.
  6. Fill out the details of the beneficiary account and click “Continue”.
  7. Complete the “Withdrawal Confirmation” and check if the bank details are correct, and then click “Confirm”.
  8. Lastly, wait for around 2 to 4 business days to reflect the withdrawal amount on the beneficiary account.

You may want to read: How to Create a Metamask Account

How to withdraw Money via Instant Card

For convenient and real-time transactions, Binance offers its users Instant Card withdrawals allowing direct money transfer for debit and credit cards. However, users must enable the function of Visa Fast Funds or Visa Direct to access Instant Card withdrawals. Also, users must have currencies like GBP and EUR to instantly withdraw their money from Binance to a bank account.

  1. Launch Binance on your mobile device or PC, and log in to your account.
  2. On the upper right corner of the homepage, click “Wallet” and choose “Fiat and Spot” on the drop-down menu.
  3. Click “Withdraw” on the top right corner of the screen, and select EUR under the “Currency” options in “Fiat”.
  4. On the recommended payment options, choose “Bank Card (Visa)” with indicated “Instant to your card”.
  5. Then, enter the preferred amount for withdrawal, and click “Continue”. You can see the transaction fee and the amount that the beneficiary account will receive below the amount for withdrawal.
  6. Click “Add New Card”, enter the “Beneficiary’s Information, and click “Continue”.
  7. Next, complete the “Withdrawal Confirmation” and check if the bank details are correct, and then click “Confirm”.
  8. Fill out the “Security Verification”, including Google and SMS verification code, and click “Submit”.