Withdrawing cryptocurrency from an exchange like Binance to your personal wallet is a fundamental skill for any crypto user. This comprehensive guide walks you through the entire process—step by step—on both the Binance mobile app and website. Whether you're new to digital assets or refining your security practices, this tutorial ensures you can transfer funds safely, avoid common pitfalls, and understand how to choose the correct blockchain network.
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Step-by-Step: Withdrawing from Binance App
- Log in to Your Binance Account
Open the Binance app and log in using your credentials. Always ensure you're using the official app from a verified source. - Navigate to the Wallet Section
Tap on "Funds" at the bottom right corner of the screen, then select "Spot" in the top-left corner. - Initiate Withdrawal
Click on "Withdraw". You’ll now see a list of all cryptocurrencies available in your spot wallet. - Select the Cryptocurrency
Choose the coin you'd like to withdraw (e.g., BTC, ETH, BNB). After selection, you’ll be directed to the withdrawal interface. Choose Transfer Type
You'll see two options:- Blockchain Transfer: Send crypto to an external wallet (e.g., MetaMask, Trust Wallet).
- Internal Transfer: Send funds to another Binance user via UID.
For sending to your personal wallet, select Blockchain Transfer.
Enter Wallet Address
Paste your receiving wallet address carefully. To avoid errors:- Use the clipboard icon if supported.
- Double-check every character.
- Consider sending a small test amount first.
Select the Correct Network
This is critical. The network must match what your receiving wallet supports. For example:- Sending USDT? Choose between BEP20 (BSC), ERC20 (Ethereum), or TRC20 (TRON).
- Sending BNB? Select either BEP2 or BEP20 depending on destination.
⚠️ Warning: Sending via an incompatible network may result in permanent loss of funds.
Enter Amount & Confirm Fees
Input the withdrawal amount. The app will display:- Transaction fee
- Final amount received
Review these details before proceeding.
- Complete 2FA Verification
Confirm the transaction using your two-factor authentication method (Google Authenticator, SMS, etc.).
Once confirmed, Binance processes your request. The transaction will appear on the blockchain shortly, with confirmation times varying by network congestion.
👉 Discover secure ways to manage your digital assets across networks.
Withdrawing via Binance Web Platform
The web version offers a similar flow with enhanced visibility for desktop users.
- Log In & Access Wallet
Go to binance.com, log in, and click Wallet > Overview. - Click “Withdraw”
Located under the "Fiat and Spot" section. - Select Cryptocurrency
For this example, we’ll use BNB (BEP2). Choose Network & Verify Compatibility
After selecting BNB, choose the appropriate network:- BEP2 (BNB Beacon Chain)
- BEP20 (BNB Smart Chain)
Click “I'm not sure” if uncertain about compatibility. Enter the receiving platform name (e.g., OKX, MetaMask) and click Check to verify supported networks.
- Enter Receiving Address
Paste your wallet address or select from saved addresses in your address book. Input Amount & Review Details
Specify how much you want to withdraw. The system shows:- Estimated network fee
- Net amount receivable
- Confirm Withdrawal
Click Withdraw, then reconfirm the network and address. - Verify with 2FA
Approve the transaction using your 2FA device or app.
After submission, wait for blockchain confirmation. Processing time depends on network load—ranging from seconds (BSC) to minutes (Ethereum or Bitcoin).
How to Choose the Right Blockchain Network
Understanding network standards prevents costly mistakes. Here’s a breakdown of key networks:
🔹 BEP2 – BNB Beacon Chain
Best for trading on Binance or legacy transfers. Requires MEMO field when withdrawing.
🔹 BEP20 – BNB Smart Chain
Ideal for interacting with dApps, DeFi platforms, and low-cost transactions on BSC.
🔹 ERC20 – Ethereum Network
Use this for DeFi participation, NFTs, or any Ethereum-based dApp integration.
🔹 TRC20 – TRON Network
Low-fee option for USDT transfers; widely used in Asia and remittance scenarios.
🔹 EOS Network
High-performance blockchain requiring MEMO for accurate routing.
🔹 BTC & BTC (SegWit)
- Standard BTC: Legacy addresses (starts with 1 or 3)
- SegWit (bech32): Starts with “bc1” – offers lower fees and faster confirmations
Always confirm that the recipient wallet supports both the token and network type.
Frequently Asked Questions (FAQ)
Q: What happens if I send crypto using the wrong network?
A: Funds may be lost permanently. Always verify that the receiving wallet supports the selected network before confirming.
Q: Do I need to include a MEMO when withdrawing?
A: Yes, for certain networks like BEP2 and EOS. If required and missing, the funds won’t reach the intended address.
Q: Can I cancel a withdrawal after submission?
A: No. Once confirmed and broadcasted to the blockchain, transactions are irreversible.
Q: Why does Binance ask me to verify my withdrawal address?
A: This security feature helps prevent accidental transfers to invalid or compromised addresses.
Q: How long does a withdrawal take?
A: Varies by blockchain:
- BSC/BEP20: 1–5 minutes
- Ethereum/ERC20: 5–30 minutes
- Bitcoin/BTC: 10–60 minutes depending on congestion
Q: Is it safe to withdraw large amounts?
A: Yes—if proper precautions are taken:
- Use whitelisted addresses
- Enable email/SMS/2FA confirmations
- Perform a small test transfer first
Key Tips for Safe Crypto Withdrawals
- ✅ Always double-check the recipient address and network.
- ✅ Use address whitelisting if available.
- ✅ Save frequently used addresses securely.
- ✅ Avoid public Wi-Fi when initiating withdrawals.
- ✅ Keep recovery phrases offline and protected.
Crypto self-custody empowers you—but also demands responsibility. By mastering withdrawals, you gain full control over your digital wealth while minimizing risks.
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