How to withdraw from the Binance exchange to a card, in fiat money: conditions, commissions

Binance Cryptocurrency Exchange is an industry-leading trading platform popular for buying and selling over 270 different assets. Today the editors of Profinvestment.com will talk about how you can withdraw money from Binance to a card, to an external crypto-wallet, to accounts of electronic payment systems (Advcash, Payeer). Let's consider all possible options, from obvious to rare.

It’s worth noting right away: if you plan to work through a platform with fiat, for example, rubles, then you will need to go through an identity verification procedure . KYC/AML verification on the exchange includes providing passport data, your own photo, as well as comparing your face “live” with the photo. Directly preparing and sending the data takes 15-20 minutes, and checking it by moderators takes 1-2 days. If the answer is negative, you will be notified of what needs to be corrected and can immediately try again.

To receive 10% cashback on commissions from Binance, use code ID R3ZCPSYV when registering or follow the link. These terms apply only to new accounts.

How to withdraw funds to a card from the Binance exchange

There are two main ways to withdraw money from Binance to a card in rubles or other fiat currency - direct and through a third-party payment service. Let's take a closer look at both methods.

How to withdraw from Binance by direct transfer to a card

To make a withdrawal to a card using the built-in functionality of the exchange, go to the “Fiat and Spot” .

Direct withdrawal to a bank card

Select the fiat currency you are interested in and click the “Withdraw” . You can quickly find the asset you need using the search field.

Click Withdraw in your main Binance account

Select the withdrawal method – bank card Visa/Mastercard/MIR . From time to time, methods may become unavailable; you will learn about this by the corresponding Suspended for maintenance message next to one or another withdrawal method.

select the Bank card method (as of January 24, 2021, withdrawal is not available, technical work is underway)

Conditions for withdrawing rubles to a card from Binance*:

• Commission 2% + 45 rubles.
• The transaction limit is 100,000 rubles.
• The daily limit is 400,000 rubles.
• The monthly limit is 1,500,000 rubles.

*Always check the current conditions in your personal exchange account, because they change frequently.

Withdrawal to card via EPS Advcash or Payeer

Direct withdrawal to a bank card is often unavailable. This may be due to various factors: lack of liquidity, technical work, problems on the side of the payment provider. If you urgently need to withdraw funds, you can use a workaround - that is, make a transfer from your Binance account to the account of the Payeer or AdvCash payment system (as of January 24, 2021, transfers to the Yumani e-wallet are temporarily unavailable), and from there to the card, since both of these systems support this feature.

Conditions for withdrawal from Binance to AdvCash:

• There is no commission.
• Transaction limit 200 - 8,000,000 rubles.
• The daily limit is 18,000,000 rubles.
• The monthly limit is 18,000,000 rubles.

Conditions for withdrawal from Binance to Payeer:

• There is no commission.
• The transaction limit is 100,000 rubles.
• The daily limit is 400,000 rubles.
• The monthly limit is 1,500,000 rubles.

Selling cryptocurrency

Withdrawing funds from Binance to a card begins with the sale of cryptocurrency. If a trader bought and sold Bitcoin, making money on exchange rate changes, then he will not be able to send the coin to a bank account.

One way to exchange Bitcoin for rubles:

• Log in to the service.
• In the main menu, click on the 9 square icon.
• In the context list, select “crypto asset exchange”.
• In the right column, click on the column called “Fiat” and click on “RUB”.
• From the proposed pairs, select BTC/RUB.
• Sell ​​the amount of Bitcoin you wish to cash out.

If instead of Bitcoin there is another cryptocurrency, then it may not be paired with fiat Russian currency. Therefore, you will first have to transfer the coin to BTC.

Withdrawal through payment systems (Advcash, Payeer)

After transferring from the exchange to the EPS Advcash or Payeer, you can use the withdrawal function to the card.

In Payeer, to do this, you need to click on the “Withdraw” button for the desired currency or go to the “Transfer” section, which is located on the right. After this, select the appropriate withdrawal option: VISA, Mastercard and MIR cards are supported.

Conditions for withdrawal to card via Payeer:

• Commission 2.99% + 45 rubles.
• The transaction limit is 100 – 75,000 rubles.
• The daily limit for one card is 525,000 rubles.

We withdraw to the card through the Payeer payment system.
The transaction is carried out instantly.

If you withdrew money from Binance to AdvCash, then in order to receive it on your bank card, you will first need to go through verification, since withdrawal in this way is only available to verified users.

transfers to bank cards from Advcash wallet

After that, go to the “Transfer Funds” section and select the option to transfer to the card of the country you need.

Conditions for withdrawal via Advcash:

• Commission 2.5%, but not less than 50 rubles (for Russian cards).
• Supported cards: VISA, Mastercard and MIR.
• Operation time: up to 3 working days, usually no more than 10 minutes.

conclusions

Above, I highlighted the two most popular ways to withdraw money from Binance to a card in 2022. They, in my subjective opinion, are the most convenient. Moreover, through p2p withdrawal is carried out without commission, but at the maker’s rate. In any case, it is more profitable than direct transfer. Of course, someone will say that you can withdraw through third-party services. But I find them labor intensive.

Register using referral ID: AHJUCEJW and receive a discount of up to 40% on Binance commissions for all transactions.

Registration with benefits

Withdrawal (transfer) of cryptocurrency and stablecoins from Binance to another address

Any cryptocurrency or stablecoin can be withdrawn from the Binance exchange to an external wallet address. To do this, you also need to go to the “Fiat and Spot” section and click “Withdraw” for the desired coin. Then:

1. Insert recipient's address.
2. Select a network if the coin operates on several different blockchains. Specifying the wrong network will result in loss of funds, be careful. Fees for different networks also vary.
3. Enter the amount and click “Submit”. Confirm your action.

withdrawal from the Binance exchange to a Bitcoin cryptocurrency address
For example, the Binance exchange supports all three options for Bitcoin addresses, so you can enter any of them:

• P2PKH (looks like 14eQD1QQb8QFVG8YFwGz7skyzsvBLWLwJS)

• P2SH (looks like 3M6UcBNGZAW1HRjiFDMRcY5aXFrQ4F9E1y)
• Bech32 (looks like bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97)

Processing transactions with addresses of the latest format is the fastest and cheapest, but not all wallets support it yet.

How to fund your account on Binance

You can deposit funds into your Binance exchange wallet in both cryptocurrency and fiat . Many world currencies are supported, including the ruble and the hryvnia. Let's consider all possible methods of replenishment.

Replenishment with cryptocurrency (stablecoin)

Log in to your account and go to the “Spot Wallet” section from the top menu.

Find the cryptocurrency, token or stablecoin you are interested in in the list and press “Enter”.

This page displays your deposit address and previous transaction history. The address is also presented in the form of a QR code.

It is necessary to transfer coins to the specified address. They will be credited to the account after one blockchain confirmation. There is no set commission for input by the exchange, but the standard network commission is charged when transferring from an external wallet. There are no minimum deposit limits.

Please note that you can select the address format that is supported by the wallet or other service from which the transfer is made. Many wallets support working with several types of addresses at once.

You can buy cryptocurrency for fiat to transfer to the Binance exchange through cryptocurrency exchangers, p2p exchangers or fiat exchanges. In most cases, verification is not necessary.

Top up with fiat

Only those users who have verified their account (passed the KYC/AML check aimed at combating money laundering) can use fiat on the Binance exchange.

To deposit fiat funds into your Binance account, you also need to go to the “Spot Wallet” section and select the desired currency, but after that, if necessary, go to the “Fiat” tab.

Select the desired currency from the drop-down list if it is not selected. Each of them offers different deposit methods and different commission levels. For example, for the ruble it is :

• Bank card (Mastercard, VISA, MIR) – commission 3.1%
• Advcash payment system - no commission
• Payeer payment system – commission 0.5%

For Ukrainian hryvnia:

• Bank card (Mastercard, VISA, MIR) – commission 1% + 4 UAH
• Advcash payment system - no commission

Pay attention to the limits that are displayed when entering the amount. So, you can transfer from 1 to 600,000 rubles to your account at a time, no more than a million in a day, and up to 3.5 million rubles in a month.

After replenishing the spot wallet, you can transfer funds from it to other accounts - margin, futures, p2p wallet. It's instant and free.

Fiat gateway Binance

There is another way to acquire funds in an exchange account - buy cryptocurrency through the Binance fiat gateway or third-party partners (Mercuryo, Simplex, Koinal, BANXA) and immediately receive it into your spot account without making additional financial transactions.

With it, you can pay for your purchase directly with a VISA/Mastercard credit or debit card. The option is also available only to verified users. By the way, using the same method, only in the opposite direction, you can sell crypto and receive fiat money on your card.

How to withdraw to fiat via Binance p2p platform

You can withdraw rubles or other fiat currency from Binance using the Binance P2P platform. This service was created for the direct exchange of assets between verified exchange users. It works like this:

1. On the page https://c2c.binance.com/ru/trade/sell/BTC, the user selects the cryptocurrency that he wants to exchange, and also indicates in the filters the fiat currency (for example, RUB) that needs to be received and the method of receiving it ( for example, Sberbank, Tinkoff).

   
   We withdraw cryptocurrency to fiat through the Binance p2p platform

2. Next, the client selects from a list of offers that meet the conditions the one that he considers optimal. Clicks on the “Sell” button.
3. After studying the detailed information and communication between the seller and the buyer, the buyer transfers fiat to the details of the seller that he will provide.
4. After the seller confirms that he has received payment, bitcoins in the specified amount are automatically transferred from his account to the counterparty’s exchange account.

In this case, the exchange is responsible only for the security of the transaction, and fiat payments pass through it through external services and wallets. Currently, fees for using the P2P platform are zero.

Via p2p from Binance

This stands for person-2-person (from English: person-to-person). That is, the exchange is not carried out by the Binance administration, but by another person, also a user, like you. He transfers his money to you, and you transfer your money to him.

Features of the method:

1. No commission
2. Since the exchange is carried out by a person and not a machine, there is a possibility that you will have to wait a long time for the transfer. It’s unlikely that the money changer will always be online
3. Working with people can always end in deception. Do not confirm the transaction until you are sure the money has been transferred. Even if they send you supposedly real screenshots of the success of the translation, or supposedly technical support will write that everything is ok
4. Transfer only to the details indicated on the website. If someone writes to you that the details have changed and you need to send the crypt to others, don’t be fooled
5. If there are problems, like the money changer confirmed the deal, but you didn’t receive anything, open an appeal. Binance support will sort it out.

How to withdraw money from Binance to a card via p2p? First you need to transfer your funds from your current account to your p2p account. Click the “Transfer” button in the main wallet window.

In the top field we indicate the type of account from which we are transferring money, in the next field - to which one (p2p). In the last field, select the name of the coin and the amount.

Next, find the item “Trade” -> “P2P” in the top menu. Or you can immediately go to https://p2p.binance.com/ru.

Let's move on to choosing parameters. We want to sell crypto, not buy, so click the appropriate button. Next to it, select the name of the crypto you want to withdraw. And below is the name of the currency (RUB) and the bank whose card you want to withdraw to.

In principle, you can immediately indicate the amount you will withdraw in order to exclude money changers whose minimum withdrawal requirement is higher than your amount.

See how many orders the sellers executed, this is the number of transactions. The more, the better, of course. Take from anyone with more than 1000.

The percentage of successful transactions is also important, take someone with more than 95%.

It’s bad, by the way, that you can’t sort by the number of orders and the percentage of successful transactions.

When you select a money changer, click the red “Sell” button and enter the required amount. The system will inform you that the order has been placed, and all you have to do is confirm the transaction.

Withdrawal by internal transfer using an exchanger

The Baksman exchanger allows you to withdraw money from the exchange in a roundabout way, to any convenient wallet or card. Procedure:

• Go to the exchanger's website and register. You can exchange without registration, but you will still need to provide an email.
• Choose the direction of exchange - from Binance RUB to a wallet, card or cryptocurrency that is convenient for you.
• Enter the amount and details.
• Pay for the application by sending funds from Binance to the cryptocurrency address specified by the exchanger.

Withdrawal by internal transfer through an exchanger

Via p2p from other services

In addition to the internal development of the exchange, there are also other p2p services that are in no way related to Binance, but also allow you to withdraw money to a card.

Please note that here you act at your own peril and risk! No one will protect you from fraud in this case!

https://localbitcoins.com/ru/

Perhaps the most famous service. Almost all types of crypto are supported. Specify the country, amount, currency, bank name and look for offers. Read more about the service in the article on how to use Localbitcoins.

https://cryptolocator.com/ru/

Works only with usdt, eth, btc. It is inconvenient that you cannot immediately select the desired bank.

Withdrawal to fiat through exchangers, p2p, other crypto exchanges

You can also withdraw cryptocurrency from Binance into rubles using the following methods:

• Cryptocurrency exchangers. Using exchangers, you can withdraw funds in almost any direction - to cards of different banks, electronic wallets and transfer systems, a mobile phone account, etc. You will need to create an application and then make a transfer from the exchange to the address issued by the exchanger.
• p2p platforms (for example, Bitzlato, Cryptolocator, Paxful, LocalBitcoins). There are quite a few platforms similar to Binance p2p. They work on a completely similar principle, but the cryptocurrency itself is not debited from the account, but must be sent to the address provided by the buyer.
• Other crypto exchanges (for example, Currency.com, OKEx, EXMO, Crex24, Yobit, Cex.io, Kuna). By transferring bitcoins to another fiat-enabled exchange, you can often withdraw them on more favorable terms. This option is also suitable for use if withdrawal is closed on Binance in the way you need.
• Telegram bots (for example, @btc_change_bot, @Chatex_bot)

Withdrawing Bitcoin to Qiwi through the Kassa exchanger

Deposit and withdrawal via P2P platform

Binance P2P (site https://c2c.binance.com/) is a marketplace for direct trading between users, where the exchange only acts as a guarantor of transactions and resolves disputes. Using the platform, you can sell or buy cryptocurrency using different payment methods. Payment methods can be added in advance in the settings so that you can quickly select them later.

Working with P2P is available only to verified users . In addition, you will first need to transfer funds to the P2P account from the spot wallet (when selling).

Purchase

Go to the p2p trading section and use the filters to select the cryptocurrency to be purchased, fiat to be given and suitable payment methods. Many electronic wallets and banks are supported, including Sberbank, Yandex.Money, Qiwi, Advcash, Payeer and others.

Study the offers. Pay attention to the limits and rates set by the seller. Having selected a suitable offer, click “Buy”. You will need to transfer fiat to the seller using the details provided by him and wait until he confirms receipt of the funds. After this, the purchased cryptocurrency will be credited to the account’s spot wallet.

Sale

To sell, you need to go to the “I want to sell” tab. Also specify filters and select the appropriate offer.

Chat with the buyer and give him payment details. Make sure payment has been received and confirm it. Then the cryptocurrency will go to the counterparty.

The platform allows you to trade cryptocurrency in volumes equivalent to 0.01-5 BTC.

Transferring rubles between verified accounts

It is possible to withdraw money from Binance to another account on the same exchange. To do this, both the sender and the recipient must have a verified account.

Go to the withdrawal section and select the “Fiat Transfer” option.

Specify the transfer amount, the recipient's email address or phone number. You can leave a note if you wish. There is no transfer fee.

The recipient will receive a notification by email or SMS. He must log in and confirm the transaction within five days or it will be cancelled.

Through another account

If you have a friend who can easily transfer your crypto balance to your card, then you can take advantage of this.

Binance allows you to transfer money between users. But both accounts must be verified!

You will need either his phone number or email.

There is no commission, you can leave a comment during the translation process.

Your friend will receive a notification by email or SMS, he will have 5 days to confirm the transaction, otherwise it will be cancelled.

Transfer money to him in any form, and he will throw it on your card. Please note that such actions may attract tax authorities, and questions will be directed at both you and your friend.

And remember - your friend does not owe you anything, from the point of view of the exchange. If he cheats on you, support will not be able to help you, since he does not owe you anything. You voluntarily transferred money to him, that's all. A purely trust-based method.

More details about the method in the official help - https://www.binance.com/ru/support/faq/360037037312.

Withdrawing crypto to a wallet or other platform

Crypto purchased on the Binance website can be withdrawn in 4 ways:

• to a cold wallet;
• another platform;
• exchanger account;
• cryptocurrency platforms - games, blockchain, services, etc.

The user needs to go to the “Wallet” section, where he should sequentially select the “Review” and “Withdraw” options. The exchange will offer a list of available options, including options for where to withdraw cryptocurrency.

Cryptocurrency withdrawal

Important criteria:

• transaction processing fee;
• internal wallet number of the service or platform;
• network and/or MEMO supported by the selected blockchain.

To withdraw from Binance, it is important to correctly indicate the address and network. For example, if you enter a third-party blockchain or wallet when filling out a Bitcoin form, the tokens will be irretrievably lost.

P2P trading

Binance P2P is a special service that allows sellers and buyers to conduct transactions directly. To buy cryptocurrency this way, you need to log into your Binance account and open the “P2P trading” section.

After authorization, you can select an advertisement from the seller using the built-in filters:

• The cryptocurrency you want to buy (USDT, BTC, BUSD, BNB, ETH, RUB, DAI).
• Fiat currency that you are willing to spend.
• Payment method - more than 150 options are available here, including cash, bank transfers, payment systems, etc.

In some cases, it is possible to choose fiat currency instead of cryptocurrency. That is, you can give, for example, rubles from your bank card, and receive rubles to your Binance exchange account. As a result, you will be able to buy cryptocurrency through your ruble balance.

The exchange occurs as follows:

1. Having selected a suitable ad, you need to click the “Buy BTC” (or other asset) button.
2. Next, you will be taken to a special page where you can discuss all payment terms with the seller.
3. Once the transaction begins, the agreed amount of cryptocurrency will be automatically frozen in the seller’s account, and you will need to transfer fiat to his details.
4. When the seller verifies the payment and confirms receipt of the money, the cryptocurrency will automatically be sent to your account.

In the same way, you can sell cryptocurrency for fiat money through this service.

Replenishment via bank

On this page you can top up your account via bank cards. Depending on the selected currency, different methods of transferring funds may be available here:

• VISA or MasterCard cards;
• SEPA, SWIFT systems;
• AdvCash, Payeer, Settlepay, GEO Pay and others.

The size of the commission also depends on the chosen payment method - on average it is from 0 to 3%.

How is fiat money used on the exchange?

Cryptocurrencies really have many advantages; some experts are confident that in the near future, people will use such coins to pay in regular stores. For now, fiat remains the main payment instrument. The Binance exchange began supporting national currencies not so long ago, but the list of supported ones has already included:

• RUB;
• USD;
• EUR;
• GBP;
• CAD;
• CNY;
• TRY;
• NGN;
• UAH;
• KZT;
• COP;
• VND.

In total, there are more than 50 state currencies in which you can top up your balance or order payments from the site. Only those clients who have passed verification can take advantage of this.

Identification has 3 levels:

In addition to the fact that fiat trading on Binance opens up for verified users, it becomes possible to use margin leverage, trade derivatives, participate in the listing of new tokens, and more.

Withdrawing money from Binance to a card: fees and bonuses

What is good about the Binance exchange? How to withdraw money with a minimum commission? Binance owes its popularity to its low commission fee - 0.1% of the transaction amount. In addition to such a modest commission and its absence for replenishing the balance, the site has become famous for its gentle approach to withdrawing money:

• bitcoin – 0.001%;
• Ethereum – 0.01%;
• ripple – 0.25%, etc.

The conditions regarding the amount of commission fees on Binance are much more favorable than on other cryptocurrency exchanges. The tariff can be halved to 0.05% per action. Such conditions become available after purchasing BinanceCoin tokens and paying commissions with their help.

How to withdraw fiat money from Binance?

We have already talked about replenishing the fiat balance and presented the methods. You can also order payments from it. To do this, you need to click the appropriate button in your wallet, then select the currency and method:

All options are shown in the image above, some don't even charge a fee. To make sure you don't get confused, watch this video with instructions:

As you may have noticed, the most profitable way to deposit and withdraw fiat on Binance is the AdvCash wallet. Regardless of the type of transaction, no commission is charged. With Payeer the picture is similar: there is no commission when replenishing, but you have to pay 1% when withdrawing.

Binance Fiat Channels

The exchange also supports fiat channels, thanks to Binance’s cooperation with processing services. For example, Mercuryo, Simplex, Koinal. With their help, verified users can make a deposit directly with a bank card, as quickly as possible, but not for free.

What is Binance

Any product can be purchased on a specialized trading platform. If we want to buy a peach or an apple, we go to the market or supermarket near our house. If we are interested in shares, we open an account with a broker with access to the stock market. Cryptocurrency is also traded somewhere. For example, on crypto exchanges.

The first cryptocurrency, Bitcoin, was created back in 2009. Binance appeared only eight years later, in 2017. The name comes from two words: binary (double) and finance (finance). Full name: Binary Finance. Although its founder is Chinese businessman Changpeng Zhao, and the central office is located in Shanghai, the exchange is registered in the Cayman Islands, an offshore zone. In light of recent events in China and increased government regulation, Mr. Zhao’s decision looks reasonable.

Commercial paradise: what are offshore zones

“As for the long-term position of regulators, their pressure will increase in anticipation of the mass integration of national digital currencies (CBDCs). Freedom-loving exchanges and decentralized solutions are not beneficial for governments.”

Anton Dzyatkovsky, CEO Platinum Software Development Company

Binance is constantly evolving. If initially it was strictly a cryptocurrency exchange, then from 2022 settlements in fiat (ordinary) money are available there. At the beginning of 2022, customers were given the opportunity to carry out transactions using Visa and MasterCard. By the end of 2020, Binance introduced the option of exchanging crypto for cash during a “personal meeting.” And in June 2021, they brought their own NFT marketplace to the exchange.

The main advantage of Binance is its extensive functionality. Here you can purchase cryptocurrency, trade derivatives, buy and sell with leverage (that is, not only with your own money, but also with borrowed money). The exchange has a mobile application. But for all its advantages, Binance also has disadvantages:

• there were cases of theft of user funds;
• during moments of a large influx of customers, the site works slowly;
• The activities of the crypto exchange are under the close attention of the Internal Revenue Service and the US Department of Justice, which means that various inspections and pressure from the state are possible.

Trading cryptocurrency is a profitable business. But what to do if you urgently need rubles or dollars, and you have nothing except funds on Binance? What withdrawal methods does the exchange provide?

What is fiat currency on Binance?

Cryptocurrencies are a separate type of asset, different from traditional financial instruments. Despite the fact that traders conduct transactions in digital coins, they still have to use national currencies, at least in order to top up their balance or receive real money for crypto.

Fiat and spot balances on Binance are made so that exchange users do not have to use third-party services to exchange regular money for crypto coins. Not every exchange has such an opportunity, which once again makes Bincance a leader.

Do you want to start trading, but don't know where to start? Read our article about cryptocurrency trading for beginners, you will understand the basics quickly and in an understandable language.

Fiat money is traditional currencies, including rubles and dollars. They are used as a means of payment and are issued by different countries. It is the country that plays a key role in the movement of the exchange rate of such an asset. From here it’s not difficult to guess what a fiat account is.

Withdrawing funds from Binance

If you trade on the exchange extremely rarely, for example once every two to three months, then we recommend not storing fiat or cryptocurrencies in exchange accounts. Although Binance is considered the safest exchange with its own insurance fund, force majeure situations have not yet been canceled.

Even unverified users can withdraw cryptocurrency. The daily limit for them is set at 2 BTC (or $70,000 at the time of publication). To do this, go to the “Spot Wallet” and click “Withdraw”, after which we select the desired cryptocurrency.

The withdrawal commission is individual for each cryptocurrency. For example, for Ethereum it is 0.005 ETH (quite a small figure), but for Litecoin it is 0.001 LTC (we recommend!).