How to Withdraw USDT from Binance to Your Bank Account

Withdrawing USDT (Tether) from Binance to your bank account involves several steps, as Binance does not directly support USDT withdrawals to bank accounts. Instead, you'll need to convert USDT into a fiat currency that can be withdrawn to your bank account. This guide will walk you through the process step-by-step.

1. Log in to Your Binance Account

The first step is to log in to your Binance account. If you don't have an account, you'll need to create one and complete the verification process. Ensure that your account is fully verified to avoid any issues with withdrawals.

2. Convert USDT to a Supported Fiat Currency

Binance does not allow direct withdrawal of USDT to bank accounts, so you need to convert your USDT to a fiat currency such as USD, EUR, or GBP. Follow these steps to do this:

• Navigate to the "Trade" Section: Go to the "Trade" section on Binance. You can choose between "Classic" or "Advanced" trading interfaces. For beginners, the "Classic" interface is easier to use.

• Select a Trading Pair: Choose a trading pair that involves USDT and the fiat currency you want. For example, if you want to withdraw USD, select the USDT/USD trading pair.

• Execute a Trade: Enter the amount of USDT you want to convert into the fiat currency. Choose the type of order you wish to place (market order for immediate execution or limit order if you have a specific price in mind). Complete the trade.

3. Withdraw Fiat Currency to Your Bank Account

After converting USDT to a fiat currency, follow these steps to withdraw the funds to your bank account:

• Navigate to the "Fiat and Spot" Wallet: Go to your "Fiat and Spot" wallet by clicking on the "Wallet" icon at the top right corner of the Binance homepage.

• Select the Fiat Currency: Find the fiat currency you just converted your USDT into (e.g., USD, EUR) and click on "Withdraw."

• Enter Withdrawal Details: Enter your bank account details, including your bank account number and routing number (for US banks) or IBAN and SWIFT code (for international banks). Double-check the information to avoid errors.

• Confirm the Withdrawal: Review the withdrawal details and confirm the transaction. You may need to complete a security verification step, such as entering a code sent to your email or phone.

4. Monitor Your Withdrawal

After confirming the withdrawal, monitor the status in the "Withdrawal History" section of your account. Withdrawals can take a few business days to process, depending on your bank and the method used.

5. Troubleshooting

If you encounter any issues with your withdrawal, check the following:

• Verify Bank Details: Ensure that the bank details entered are correct and match the information provided by your bank.

• Check for Withdrawal Limits: Binance may have withdrawal limits depending on your account verification level. Ensure you are within these limits.

• Contact Binance Support: If you are still experiencing issues, contact Binance customer support for assistance. Provide them with all relevant details, including the transaction ID and any error messages received.

6. Additional Tips

• Fees: Be aware of potential fees associated with trading and withdrawing funds. Binance charges fees for trading and might also have fees for fiat withdrawals. Check the fee schedule on Binance for details.

• Security: Always use strong security measures for your Binance account, such as enabling two-factor authentication (2FA), to protect your funds.

• Alternative Methods: If you face difficulties with bank withdrawals, consider using other methods such as peer-to-peer (P2P) trading on Binance, where you can sell USDT directly to other users for cash.

By following these steps, you can successfully withdraw USDT from Binance to your bank account. Remember that each step requires careful attention to detail to ensure a smooth transaction.