Binance US, the American branch of the world’s largest cryptocurrency exchange, only allows withdrawals in cryptocurrency. So, if you want to cash out your dollars, you’ll first need to convert them to a supported cryptocurrency.
Then, you can withdraw that cryptocurrency to an external wallet or exchange. The whole process can take anywhere from a few minutes to a few hours.
Here’s a step-by-step guide to withdrawing money from Binance US:
1. Convert your dollars to a supported cryptocurrency
The first step is to convert your dollars into a supported cryptocurrency. Binance US only supports trading in a handful of cryptocurrencies, so you’ll need to pick one of those.
Bitcoin, Ethereum, and Litecoin are usually good choices.
To convert your dollars, go to the “Funds” page on Binance US and click on the “Deposit” button next to the currency you want to convert to. On the next page, select “Fiat Currency” as your deposit method and enter the amount of money you want to convert.
You’ll then be given instructions on how to deposit money into your Binance US account.
Once your deposit arrives, it will be converted into the cryptocurrency you selected and added to your Binance US account balance.
NOTE: Warning: When it comes to withdrawing money from Binance US, it is important to understand that the amount of time needed for the withdrawal to go through can vary depending on a variety of factors. These factors include the amount you are withdrawing, as well as the digital asset you are withdrawing. Additionally, external factors such as blockchain congestion can also affect the withdrawal process. Therefore, it is important to be aware of these potential delays when making withdrawals from Binance US.
2. Withdraw your cryptocurrency to an external wallet or exchange
Once you have some cryptocurrency in your Binance US account, you can withdraw it to an external wallet or exchange. To do this, go to the “Funds” page and click on the “Withdrawal” button next to the currency you want to withdraw.
On the next page, enter the amount of currency you want to withdraw and the address of your external wallet or exchange. Then, click on the “Withdraw” button.
Your withdrawal will usually be processed within a few minutes. However, it can sometimes take up to an hour or two for large withdrawals.
Once your withdrawal has been processed, it will show up in your external wallet or exchange account.
3. Convert your cryptocurrency back into dollars (if necessary)
If you want to cash out your money completely, you’ll need to convert your cryptocurrency back into dollars (or whatever fiat currency you use). To do this, you can simply send your cryptocurrency back to an exchange that supports fiat withdrawals and sell it there for cash.
Or, if you have a friend or family member who wants to buy some cryptocurrency, you can sell it directly to them in exchange for cash.
Once you have cash in hand, you can withdraw it from your exchange account using a bank transfer or PayPal withdrawal (if available). Or, if you used a peer-to-peer transaction site like LocalBitcoins, you can simply request a cash withdrawal from the buyer.
The process of withdrawing money from Binance US can take anywhere from a few minutes to a few hours depending on the method used and the amount of money involved. However, once you know what you’re doing, it’s relatively simple and straightforward.
5 Related Question Answers Found
It can take up to 24 hours for your withdrawal to be processed by Binance. However, once it is processed, the funds should appear in your account within 2-3 days. There are a few things that can affect the amount of time it takes for your withdrawal to be processed:
-The time of day that you submitted your withdrawal request.
When it comes to cryptocurrency exchanges, there are a few that stand out above the rest. Binance is one of those exchanges. It is one of the largest cryptocurrency exchanges in the world and it has a lot to offer its users.
It can take anywhere from a few minutes to a few hours for Binance to process a withdrawal. The amount of time it takes for the withdrawal to be processed depends on the cryptocurrency being withdrawn and the current network conditions. For example, withdrawals of Bitcoin (BTC) usually take longer than withdrawals of Ethereum (ETH).
A withdrawal from Binance can take anywhere from a few minutes to a few hours. The main factor that determines how long a withdrawal will take is the blockchain of the cryptocurrency that you are withdrawing. Bitcoin and Ethereum withdrawals usually take less than an hour, while withdrawals for other cryptocurrencies can take up to a few hours.
A Binance withdrawal can take anywhere from a few minutes to a few hours. The time it takes for a withdrawal to be processed by Binance depends on the method used, as well as the network conditions at the time. For example, a withdrawal made using a credit or debit card will take longer to process than a withdrawal made using bank transfer.