Transferring cryptocurrency from your Binance account to another wallet or exchange is one of the most common actions for digital asset holders. Whether you're moving funds to a decentralized wallet like MetaMask or depositing into a regional exchange such as MAX or ACE, understanding the correct process is crucial to ensure fast, secure transactions. This comprehensive guide walks you through every step of the Binance withdrawal process, including network selection, fee structure, daily limits, and troubleshooting tips.
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Understanding the Binance Withdrawal Process
Withdrawing crypto from Binance involves transferring digital assets from your Binance wallet to an external address — whether it’s another centralized exchange or a self-custodial wallet. While C2C trading and bank wire transfers are alternatives, direct blockchain transfers offer greater flexibility and control.
To initiate a withdrawal, you'll need three key pieces of information from the receiving wallet:
- Coin type (e.g., BTC, ETH, USDT)
- Deposit address (a unique string identifying the recipient wallet)
- Network/chain (e.g., ERC-20, TRC-20, BEP-20)
- MEMO/Tag (required for certain tokens like XRP or SOL)
Step-by-Step: How to Withdraw from Binance
Follow these steps carefully to complete a successful crypto transfer from Binance:
- Log in to your Binance app or website
- Tap "Funds" > "Spot Wallet"
- Click "Withdraw"
- Select the cryptocurrency you want to send (e.g., USDT, BTC)
- Choose "Send via blockchain network"
On the next screen:
- Paste the recipient’s deposit address
- Select the correct network (must match the receiving platform)
- Enter the withdrawal amount
- Confirm all details and proceed
Security verification follows — depending on your settings, you may need to enter:
- SMS code
- Email confirmation
- Google Authenticator code
Once verified, click "Submit". A transaction ID (TxID) will be generated once Binance processes the outflow.
⚠️ Critical Reminder: Always double-check the coin type, network, and address. Sending USDT on BEP-20 to an ERC-20-only wallet will result in permanent loss.
What Is MEMO/Tag, and When Should You Use It?
Some cryptocurrencies — particularly those issued on specific blockchains like Ripple (XRP), Stellar (XLM), or Solana (SOL) — require a MEMO, also known as a Tag or Destination Tag.
This identifier ensures that even if multiple users share the same deposit address (common in exchanges), funds are credited to the correct sub-account.
✅ Rule of Thumb: If the receiving platform provides a MEMO field, you must fill it in correctly. Omitting or mistyping it can lead to lost funds.
For example:
- Withdrawing XRP to MAX Exchange? You’ll need both the address and MEMO.
- Transferring USDT via TRC-20? No MEMO required.
Always confirm requirements on the receiving end before initiating any transfer.
Tracking Your Binance Withdrawal Status
After submitting a withdrawal request, you can monitor its progress directly through Binance:
- Go to "Funds" > "Spot Wallet"
- Tap the clock icon (history) in the top-right corner
- Switch to the "Withdrawals" tab
Here you’ll see real-time status updates:
- Processing → Binance is preparing the transaction
- Completed → Funds have left Binance’s system
- Failed/Refunded → Issue detected; funds returned
Each blockchain transfer consists of three stages:
- Binance Outbound – Your withdrawal is processed by Binance
- Blockchain Confirmation – Miners validate the transaction
- Recipient Crediting – The receiving wallet confirms and credits your balance
Transaction speed depends on network congestion and required confirmations. For instance:
- Bitcoin (BTC): ~10–60 minutes (1–6 confirmations)
- Ethereum ERC-20: ~5–30 minutes
- TRON TRC-20: ~2–5 minutes
If no TxID appears after several hours, contact Binance Support. If confirmed on-chain but not received, reach out to the recipient platform.
Practical Examples: Sending Crypto from Binance
Transfer from Binance to MAX Exchange
MAX is popular among Taiwanese users due to its New Taiwan Dollar (TWD) on-ramp.
To receive funds:
- Open MAX app → Go to Wallet → Select coin → Tap Receive
- Choose preferred network (e.g., USDT on TRC-20)
- Copy deposit address (and MEMO if applicable)
Back on Binance:
- Paste address
- Match network exactly
- Enter amount and verify
Ensure both platforms use identical networks — sending USDT via BEP-20 when MAX expects TRC-20 will cause delays or loss.
From Binance to ACE Exchange
ACE supports TWD deposits and offers competitive trading features.
Steps:
- In ACE app: Navigate to Wallet → Deposit
- Pick coin and chain (e.g., USDT on ERC-20)
- Copy address
On Binance:
- Input address
- Select matching network
- Complete security checks
ACE publishes its supported chains and confirmation counts in their help center — always cross-check before transferring.
From Binance to Pionex (Pionex)
Pionex specializes in automated trading bots with ultra-low fees (as low as 0.05%).
To fund your Pionex account:
- Tap Deposit on the home screen
- Choose coin and chain
- Copy address
Return to Binance and repeat standard withdrawal steps.
Pionex clearly lists required confirmations per network — useful for estimating arrival time.
How Much Are Binance Withdrawal Fees?
Binance charges variable withdrawal fees based on:
- The cryptocurrency being withdrawn
- Selected blockchain network
For example:
- USDT on ERC-20: ~10 USDT fee (high due to Ethereum gas)
- USDT on TRC-20: ~1 USDT fee (low-cost option)
- BTC: ~0.0005 BTC (varies with network load)
You can view updated rates at Binance Fee Schedule. Fees are deducted automatically from your withdrawal amount.
💡 Pro Tip: If sending between two Binance accounts using internal transfer, fees may be waived or refunded — look for this option during withdrawal setup.
What Are the Withdrawal Limits on Binance?
Binance enforces minimum and maximum withdrawal thresholds:
| Type | Requirement |
|---|---|
| Minimum Amount | Varies by coin and network (e.g., 1 USDT for TRC-20) |
| Daily Maximum | Up to 8,000,000 BUSD equivalent for verified users |
Higher limits require completing Intermediate Verification (KYC). Unverified accounts face stricter caps.
Always check current limits during withdrawal — they’re displayed on the confirmation screen.
Frequently Asked Questions (FAQ)
How long does a Binance withdrawal take?
Most withdrawals complete within 5 minutes to 1 hour, depending on network traffic and confirmation requirements. High congestion on Ethereum or Bitcoin networks can extend processing times.
Why is my withdrawal function locked?
Binance temporarily disables withdrawals after sensitive actions like password changes or new device logins — typically for 24–48 hours — to protect account security.
What happens if I send crypto to the wrong address?
Transactions on blockchain are irreversible. If funds go to an incorrect or non-compatible address, recovery is unlikely unless the recipient voluntarily returns them.
I forgot to include the MEMO/Tag — what should I do?
Immediately contact the receiving platform’s support team with your TxID and transaction details. Some exchanges offer recovery tools for missing MEMOs, but success isn't guaranteed.
Can I cancel a withdrawal after submission?
No — once confirmed, blockchain transactions cannot be canceled. Only unprocessed requests (still showing "Pending") might be retractable via customer service.
Is there a way to test small transfers first?
Yes! Especially for first-time transfers, send a small test amount (e.g., $5 worth) before moving larger sums. Confirm receipt before proceeding.
By following this guide, you can confidently execute secure and efficient crypto withdrawals from Binance to any compatible wallet or exchange. Always verify network compatibility, use correct addresses, and monitor transaction status using TxIDs. With proper precautions, managing your digital assets across platforms becomes seamless and safe.