In this short and clear guide, we will explain to you how to easily withdraw funds from the Binance exchange, one of the most useful and recognized crypto exchanges in the market. Binance can be used by users in order to withdraw, store, deposit, trade and exchange a wide range of digital assets.
- Step 1 – Go to your Binance wallet
- Step 2 – Select the currency you want to withdraw
- Step 3 – Select the amount and address where you will send the funds
How to Withdraw Funds from Binance?
If you want to withdraw funds from this platform, you will have to be on the main page and click on the Spot Wallet (Deposit & Withdraw) option that you will find in the “Wallet Menu.” As you can see in the image below, this is going to be very intuitive and you shouldn’t have any issues when handling your funds:
Once you click there, you will be redirected to the section in which you will see all the funds you have currency by currency. There you will have the possibility to withdraw the funds to your wallet or to another exchange.
The following picture will allow you to understand how this screen looks and how you should continue in order to withdraw your funds from Binance. Extracting funds from an exchange is the safest way to hold virtual currencies. Indeed, it is possible for you to protect your savings and digital assets from hackers and attacks that the exchange can experience.
Although Binance is a secure exchange, it has been hacked already once and it could certainly happen again. Industry security standards are improving but several years are required to improve the security systems used by exchanges.
You will then have to select the cryptocurrency you want to withdraw. Remember that you need another wallet where you will receive the funds. It is usually recommended to use hardware wallets to store digital assets for the long term.
In the following section, you will have to simply place the amount of crypto you want to withdraw from Binance. You can download all or just a small amount. However, take into consideration that Binance has fees for withdrawing funds. This is why you will make this decision according to your needs and the fees you’d like to pay.
In this guide, we shared with you which are the three simple steps that you need to follow to withdraw funds from Binance. Just open your wallet, select the funds you want to withdraw and move forward with the process.