![]() Trading fees are the charges for actually using the Biannce.US exchange day-to-day for buying and selling crypto. In response to the outflow news, Binance CEO Changpeng “CZ” Zhao said that it’s just “business as usual. Withdrawal fees are charged when you want to take your money off Binance.US ( withdraw it from Binance.US) into a bank account or a crypto wallet. Those declines come despite Ethereum rising 12% in the past two weeks and Bitcoin seeing a 9% uptick in price. īinance’s exchange token, BNB, is the fourth-largest cryptocurrency by market capitalization and is down about 2% in the past 24 hours, and down 8% in the past two weeks, according to CoinGecko data. While Binance is currently seeing a high volume of withdrawals, the exchange still holds roughly $58.9 billion in assets at time of writing, most of which are in Binance’s stablecoin BUSD, the stablecoin Tether, Bitcoin, and Ethereum.Īccording to Nansen’s portfolio tracker, Binance’s total portfolio has decreased by $3.6 billion in just the past eight hours. Step 1: Log in to Binance, and go to Wallet Step 2: Choose which fiat currency to withdraw Step 3: Select withdrawal method Step 4: Add bank details Step 5: Confirm withdrawal of money from Binance Step 6: Wait for money to arrive in your bank account Step 1. On Ethereum, Jump withdrew about $18.4 million this week and pulled about $123.4 million from Binance last week. Web3 investment firm Jump Crypto is among the entities that removed funds from Binance, according to Nansen. Binance US saw a net outflow of over $38.7 million in that same period. Step 6: Wait for money to arrive in your bank account Step 1.Exchange Flows dashboard ⤵️ /vV6vcqoWKKīinance’s $3.66 billion weekly outflow is leagues more than Coinbase, for example, which saw a net outflow of roughly $574 million from its main exchange and $248 million from its Coinbase Custody service. Step 5: Confirm withdrawal of money from Binance Step 2: Choose which fiat currency to withdraw Step 1: Log in to Binance, and go to Wallet We will go into more detail below, with screenshots along each step of the way. There are only six steps to withdraw money from Binance to your bank account. Many other dedicated crypto trading platforms, such as, Bybit, MEXC, and KuCoin do not support fiat withdrawals.įollow along with the screenshots in our step-by-step guide, and you can learn how to withdraw money from Binance to your bank account, in just a few simple steps. Binance. ![]() Another excellent feature of Binance is that you can withdraw money directly to your bank account. It offers more than 600+ coins, low trading fees, and plenty of options for advanced traders. Best Australian Mobile Share Trading Appsīinance is one of the best cryptocurrency exchanges in the world, and the largest based on trading volume. ![]()
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