For the life of me I can’t figure this out – transfer money out of Binance
So maybe I shouldn’t have tried crypto currencies, but at least I was willing to try it.
I have an account with Binance – I had Ethereum and BTC. I wanted to withdraw that money and what I did first was to convert it into USDT. I did not see Canadian currency and I am not even sure I had to change what I had into USDT. Did I?
Nevertheless, I now have some USDT which I want to put into my savings account at TD (either US savings account or CDN savings account will work.) And for the life of me I cannot figure out how to do it. I am trying it from my PC as the app does not seem to have all the functionality of the web interface.
And yes, it is a small investment which lost about 50% and it is about CDN$600 now.
Any help will be welcome.
I can’t help but i’ll give you an advice. Don’t answer DMs from people that claim to work for Binance. Only speak with Binance support via the official website chat. Good luck
Yes you can. Just use p2p function, and only take ads from merchants (those with golden sign next to the nickname) Good Luck!
There’s no direct way to cash out from Binance into Canadian dollars. You would have to go through a Canadian crypto platform to do so. I’ve actually made tutorial videos showing step by step on how to do so if you’re interested. The best method depends on the amount that you’re cashing out.
Less than $650 in a single go: [https://www.youtube.com/watch?v=5R_i5BDIPeg](https://www.youtube.com/watch?v=5R_i5BDIPeg)
More than $650 in a single go: [https://www.youtube.com/watch?v=LrKNLX4uj7Q](https://www.youtube.com/watch?v=LrKNLX4uj7Q)
Hope that helps!
P2p homie
Binance P2P is quick and easy straight into your bank. Just hit the P2P then sell btc or eth. Will cost you about 1 percent
You must send the USDT to a cryoto exchange regulated by either Canada or the U.S. where you have already setup KYC and bank information in order to use the exchange. After transfer either sell USDT for local fiat or swap to the exchange’s local crypto asset then sell to local fiat. After this, transfer fiat currency to your bank account of record, on that exchange.
Its easier than most exchange you can withdraw straight to fiat account comparing to exchange like bitget i dont even know how to withdraw stacking
USDT is not US dollars. it is a cryptocurrency (pegged to the dollar). do you cannot withdraw it to a bank account right away. yo can höbet withdraw it to a cryptocurrency wallet to euch only you have access (say exodous) in case you are only worried that binance will go belly up. however, if you want to/need to spend the money you can either apply for a binance credit card (which leid me withdraw Eur on any visa ATM for no fees) or go through a canadian exchange as pointed out others)
hope this helps a little
**Update:** OK, so only time will tell if I was successful. It took an hour via chat to attempt to transfer out (plus all the time I put in myself looking for a way to do this). Very stressful and inconvenient.
Why don’t they just tell you the steps to follow?
Convert your assets to BUSD (I did not need to change ETH and BTC into USDT first, sir)
That goes into your funding Wallet (why?????) move that (Transfer) to your Spot Wallet.
Move it out (Withdraw) to bank via SWIFT (US$15)
Meanwhile the chat itself and icons on my phone app and my web browser would disappear and I’d lose the chat.
This also included being given an address for the swift transfer beneficiary that was in the Seychelles! WTF?
I had to pause and see if I was still in the app talking to support or somehow someone was trying to scam me into moving my money to a scam account.
There is still some money left in the account – I am happy to just let it sit there and put it to a loss – this was the most bizarre experience I’ve had with any financial institution. In the end I hope it’s OK and ends up in my account. It will go into a traditional investment.
I’m not sure of the future of crypto, I can’t tell between the hype and the reality (not opening this up for debate, just my feelings) – For now, I will stick with my more traditional investments, the bulk of which are in the hands of a professional manager.
I can only imagine if I had in this account as much as I have in my investment account… I would have an ulcer already! This whole experience has been an eye opener.
Thanks to those that helped.
It’s exactly like everyone said before. There is no direct way to withdraw CAD from binance into your bank account. You need to send your coins to another exchange that is regulated and operating in Canada, like netcoins or shakepay. Once the coins are there you can swap them to CAD and withdraw them to your bank account. (*cough* don’t forget to pay taxes on any capital gains you’ve made *cough* *cough*)
ithdrawing from Binance Wallet.

How to withdraw money out of binance?
To withdraw money out of Binance, you will need to first navigate to the “Withdraw” page on the Binance website. Once there, you will be prompted to select the coin or token that you wish to withdraw, and then enter the address of the wallet to which you wish to send the funds. You will also need to confirm the transaction by entering your 2FA code or through other means of authentication set up on your Binance account. It’s important to double check the details of the withdrawal, including the address and amount, to ensure that you are sending the funds to the correct wallet and in the correct amount.
You should have made all this research firstly before attempting depositing, I will suggest you ask binance customer care on the way out.
Hello there.
If you meant your bank account, you can withdraw funds by using SWIFT. Here’s the link for your reference: [https://www.binance.com/en/support/faq/how-to-withdraw-usd-via-swift-066a17e922924731ada99b10fe0c0014](https://www.binance.com/en/support/faq/how-to-withdraw-usd-via-swift-066a17e922924731ada99b10fe0c0014)
And if you have any other questions, please, kindly open a live chat at [https://www.binance.com/en/chat](https://www.binance.com/en/chat) so we could help you with a detailed explanation about your inquiry.
VG
That’s by design homie
I have problems linking my bank account to binance too, so I usually just transfer the crypto to an exchange that I can link my bank account to, sell the crypto for your choice of fiat and withdrawal that way. Should be able to send usdt too if the exchange accepts usdt.
But don’t give up on crypto! Both bitcoin and eth will do well in the long term and there are many other great projects powering blockchains, dapple, interoperability, DeFi, etc. Just keep learning and follow great YouTube accounts like coin bureau to learn more.
You’ll have more than enough people letting you know how to easily do it. But message if you still can’t figure it out.
You need to convert to the actual currency you want to withdraw first. USDT is still crypto, your bank probably won’t accept that.
You have to convert to fiat to be able to send it to your regular bank account, same as with depositing into binance from your bank. In eu it normally works with euro
Gala and binance team
Why is your team not listing its coin on koin Bazaar Exchange?Because of you guys our money is stuck in there
our money is stuck there tell me to whom to go and what to do
Pls solve this problem
Hodl !
p2p is the answer. I’ve been using Binance for years, and I’ve never withdrawn directly (impossible in my country). I just p2p and get my local currency in my bank account, selling USDT via p2p. Look it up, it’s pretty easy to do
You can sell P2P on Binance, Person to person, you sell ypur crypto to someone who wants to buy off a random person they have there minimum and maximums set semi confusing but is easy if you watch a tutorial
My best advice is to sign up for coinbase and link your paypal account to the coinbase account
Send the crypto from binance to coinbase then sell on coinbase to your paypal account for 1% fee, coinbase takes the crypto and just sends you cash its pretty much instant too
Take it a step further, convert your btc and eth to xlm on binance first because xlm is basically free and instant to send then sell the xlm on coinbase, I say this because eth and btc have high fees to send and it takes forever to receive on the other end
Goodluck
Did u figure it out yet?
If not, my suggestion would be, if you can, to send the minimum amount from your bank account to Binance i think its $50. You can do that by hitting the deposit button on your home page. Once you get that $50 you can sell your USDT for more of your fiat. Now you’ve got the currency, you can press withdraw and your bank account should come up as your first option.
If you have binance card you could just withdraw cash from ATM machine , binance will automatically sell your crypto as the currency