What is the minimum withdrawal amount on Binance?

The minimum withdrawal amount varies by cryptocurrency and can be found on the withdrawal page. Check the specific asset for details.

Can I cancel a withdrawal on Binance?

Once confirmed, withdrawals cannot be canceled. Ensure all details are correct before confirming.

How do I know which network to use?

The network you choose should match the network supported by the recipient wallet or platform. Refer to the recipient's documentation for guidance.

What if I enter the wrong address?

If you enter the wrong address, your funds may be lost. Always double-check the address and network before confirming the withdrawal.

How to Withdraw From Binance

Quick answer: To withdraw from Binance, log in, navigate to ‘Wallet’, select ‘Withdraw’, choose your asset and network, enter the recipient address, confirm details, and complete the withdrawal.

Before you start

Have your Binance account ready with 2FA enabled.
Ensure you have the correct withdrawal address and network for the asset.
Have a small amount of the asset for a test withdrawal if unsure.
Check the withdrawal fees and minimum limits for your asset.
Ensure your receiving wallet or platform supports the asset and network.

How to Withdraw From Binance: step by step

1. Log in to your Binance account

Visit the Binance website or open the app and log in using your credentials. Ensure your account has 2FA enabled for security.

2. Navigate to the Wallet section

Click on ‘Wallet’ in the top menu and select ‘Withdraw’ from the dropdown menu. This will take you to the withdrawal page.

3. Select the cryptocurrency to withdraw

Choose the cryptocurrency you wish to withdraw from the list of available assets. Be careful to select the correct asset.

4. Enter the withdrawal address

Input the recipient address in the ‘Address’ field. Ensure the address is correct and matches the network you select.

5. Choose the network

Select the appropriate network for your withdrawal. Using the wrong network can result in loss of funds, so double-check this step.

6. Enter the withdrawal amount

Enter the amount you wish to withdraw. Be aware of any minimum or maximum limits and the withdrawal fees.

7. Review and confirm the withdrawal

Review all the details carefully, including the address, network, and amount. If everything is correct, confirm the withdrawal.

8. Complete the security verification

Complete any additional security verification steps, such as 2FA, to finalize the withdrawal process.

Fees and how long it takes

Withdrawal fees vary depending on the cryptocurrency and network chosen. Binance provides a fee schedule on their website. Withdrawal times also vary, typically ranging from a few minutes to several hours, depending on network congestion and the asset.

Always check the current network status and withdrawal limits on Binance for the most accurate information.

Stay safe

Double-check the withdrawal address and network to avoid irreversible mistakes.
Use 2FA to secure your Binance account.
Consider doing a small test withdrawal first if unsure.
Be aware of phishing attempts; always use the official Binance website or app.
Keep your seed phrase and login credentials secure.

If something goes wrong

Withdrawal is taking longer than expected — Check the network status for the asset and ensure you used the correct network. Network congestion can cause delays.

Withdrawal address rejected — Verify that the address is correct and that it matches the selected network. Contact the recipient if necessary.

Insufficient balance for withdrawal — Ensure you have enough of the asset to cover both the withdrawal amount and the withdrawal fees.

Doing this as part of trading, income, or a disposal? See how it may be taxed in Tax by country and the taxable-events section — information, not advice.