Since I have published the guide on how to deposit Euro to Binance a couple of days ago, I got a lot of questions from you guys on how to withdraw Euro from Binance. I should have counted with that! In this article, I show you how to withdraw money from Binance.
I make this guide as quick & easy as possible. Gladly, it is really easy to withdraw Euro from Binance. I really like that Binance just provides an easy & cheap way for us to withdraw Euros using the SEPA Bank Transfer. You can withdraw anywhere between 3 – 200.000 Euros at once and the fee will always be 0.80€ – Incredible!
If you are also interested in learning how to withdraw other currencies like USD, GBP, or AUD, there is a guide for you. If you plan to trade or buy Cryptocurrency on Binance and don’t have an account yet, use my link to get discounted trading fees!
Table of Contents
- Why Binance is a good idea if you want to trade with Euros
- How to Convert USDT to EURO on Binance
- How to withdraw Euro from Binance
Update: Binance had their SEPA withdrawals disabled for the past few months due to new regulations. As of Mai 2022, SEPA withdrawals work again. We just tried it and it is working.
Why Binance is a good idea if you want to trade with Euros
If you have been following my blog or YouTube channel, you know that we use Binance for about 90% of our tutorials. This is simply because Binance is the largest Cryptocurrency exchange out there, and in my humble opinion, provides us with the best & easiest experience when it comes to using their platform.
They make it really easy for beginners to get started with Cryptocurrencies and they try to take that layer of complexity away from you. I really love their features, like their currency converter, which allows you to convert, for example, USDT to EUR without the need to participate in any complicated spot trading.
How to Convert USDT to EURO on Binance
Let me give you a quick example of how easy it is to convert USDT to EURO on Binance. Select Trade -> Convert from the top navigation. Select USDT and EUR as your conversion pair. Enter an amount of USDT you want to convert to EURO, click on Preview Conversion. You see what you receive and you have a couple of seconds to wrap up the conversion – simple as that!
That’s how easy it is to convert USDT to EURO on Binance.
How to withdraw Euro from Binance
Alright, let’s get to it – how to withdraw Euros from Binance.
Step 1 – Navigating to the withdraw Menu
Click on Wallet -> Fiat and Spot on the top navigation bar.
Once you are there, click on Withdraw right next to Deposit.
Step 2 – Withdraw Euro from Binance
Now make sure that Fiat is selected, choose the Bank Transfer (SEPA) protocol, enter an amount you want to withdraw, make sure the checkbox is checked, and click on Continue. Now you will be required to enter your IBAN number and you can click on withdraw. Make sure you are signed up to Binance with the same name that appears on your Banking Account.
The money will arrive on your account typically within 1-2 business days.
Alternatively, feel free to choose Bank Card (VISA) as a means of withdrawal. But be aware that there is a 1% fee. I would highly recommend using the Bank Transfer (SEPA) protocol to withdraw money from Binance.
This is how easy it is to withdraw money from Binance! I am really looking forward to all the new EUR trading pairs that Binance will offer in the future, enabling everyone located in Europe to trade and withdraw in their local currency.
If you want to know how to withdraw USD, GBP, or, AUD, click here.