Ready to cash out from Binance to your bank account? Here's the full process. Visit the Binance Official website or Binance Official APP. iPhone users can check the iOS Installation Guide.
Step 1: If your funds are in crypto (BTC, ETH, etc.), sell them for USDT on the spot market first. Step 2: Transfer USDT from your Spot wallet to your Funding wallet (free, instant). Step 3: Go to C2C → Sell. Select USDT, enter the amount, choose your preferred payment method (bank card). Step 4: Select a reputable buyer (high volume, high completion rate). Step 5: Confirm the order. The buyer's USDT is locked in escrow. Step 6: Wait for the buyer to send you CNY to your bank account. Step 7: Once you receive the bank transfer, confirm receipt on Binance to release the USDT to the buyer.
Important notes: Only confirm receipt AFTER the money actually lands in your bank — don't just rely on the buyer saying "sent." Use a dedicated card if possible. Check that the transfer amount matches exactly. Keep all transaction records.
Q: How long does the whole process take?
A: Selling on spot market takes seconds. C2C selling usually completes within 15-30 minutes. Bank transfer arrival depends on banks but is typically instant to a few hours.
Q: Are there fees for cashing out?
A: Binance doesn't charge C2C fees. The buyer's price will be slightly below market (their profit margin). Spot trading fees of 0.1% apply when you sell crypto for USDT.