How To Withdraw Money From Binance Directly Into Your Bank Account (Binance Tutorial) - YouTube

Hello everybody, welcome to this Binance  tutorial where I'm going to show you  

how to withdraw your money from the Binance platform directly into your bank account.

So, if you're new to Binance and you're wondering  if you can withdraw your money because that's  

the first question. Can you actually take  your money straight into your bank account  

from the Binance platform the answer to that is  YES and i'm going to show you in this video how  

easy it is for you to do that. So the first thing  you need to do is log into your Binance account  

and once you're logged in, you have to go to your  wallet. Go to "Spot" where you can see "Deposit and  

Withdraw", click on that one and it will take  you to your spot wallet. That's where you have  

your balances that is your money that you've made  from the trade. Now, this is assuming that you  

have sold your bitcoin or whatever coin it is that  you're trading on the Binance platform you sold it  

so once you come in here you're going to see it in  that currency of your choice or that currency you  

sold it into. For me, of course, it's the Nigerian  Naira because that's the currency that I use but  

for you, it could be any currency that you use. I'm  assuming that you guys know how to sell your coins  

into your currency, if you don't I'm going to make  a different video for that but I'm just going to  

mention here that it's just the same way you sell  into any other cryptocurrency but before you're  

going to see your money listed in your wallet  you're going to have to sell whatever coins it is  

you want to sell or whatever cryptocurrency is you  want to sell you're going to have to sell it into  

your currency your fiat currency which is in  my case this Nigerian Naira. So when you come  

to this page you just have to click on withdraw.  Please note that this process you can only do it  

on the web platform, you can't do this on mobile  you can do your buying and selling on the mobile  

platform but when it comes to withdrawing your  money, you have to come on to the web platform  

and do your withdrawal from there. So, the  first thing you're going to see is to select  

the currency and the payment method so of course  my currency is Nigerian Naira and the payment  

method that is recommended is also the one that  I want which is a bank transfer. I want them to  

transfer my money directly to my bank account.  There's a 300 Naira fee that fee is the transfer  

fee. This fee is fixed so any amount it is that  you're transferring they are going to charge you  

that 300 Naira to make the transfer so it's going  to ask you here to enter the amount of Naira that  

you want to transfer to your bank account and  it will show you the available balance. Assuming  

you want to transfer everything that is in your  Naira wallet you're just going to click this one  

and it will put the value there. Delete whatever  number is after the decimal point because they  

only do whole numbers so that's why it was  showing me red, it was telling me that it's  

only whole numbers that I can put in there so I'm  just going to put that value like that and then  

scroll down it will tell you all the details. It  will tell you that they're going to take 300  

Naira from this amount of money and you're going to get this balance. So, if you take away 300  

from 11,000 you're going to have 10,702 and that's  why I'm having 10,702. So, when you click continue  

it's going to ask you for your bank name and your  bank account number of course, so you put in all  

of those details. Click this link if you want it  to save for the next time withdrawal. Of course,  

if this is your personal Binance account  that you do a lot of withdrawals from  

then you can save it so that the next time you  want to withdraw you don't have to put in your  

details again so once you do that you click on  "Confirm withdrawal". Personally, I don't want to  

make this withdrawal right now and the reason I'm  not making my withdrawal right now is because i  

like to accumulate my funds a little more before  I withdraw since that fixed fee is there. Every  

time you withdraw you're going to pay that 300  Naira, so to save yourself some money, instead  

of withdrawing all the time it's better to just  accumulate it and then do the withdrawal once,  

so that you pay that transfer fee one time.  So that's how you withdraw your money from  

the Binance platform into your bank account. Now  they will tell you that it takes about 24 hours  

for this transaction to completely process but in  my experience it is almost immediate. That's it  

for this video, that's what i wanted to show you  guys you can see that it's very easy to transfer  

your currency from the Binance platform into your  bank account. Thank you for watching this video,  

subscribe if you want more videos like this  one and I will see you guys in the next one.