Withdrawal Process Overview
Withdrawing from Binance involves two steps:
- Sell Cryptocurrency: Convert BTC/ETH etc. into USDT (skip if you already hold USDT)
- Sell USDT via C2C: Sell USDT to other users and receive RMB into your bank account
Step 1: Convert Cryptocurrency to USDT
Steps
- Go to "Trade" → "Spot"
- Select the BTC/USDT or ETH/USDT trading pair
- Choose "Sell", enter the amount, and select "Market" for instant execution
- After confirmation, USDT will appear in your spot wallet
Step 2: Sell USDT via C2C
Steps
- Go to "Buy Crypto" → "C2C Trading"
- Select "Sell", choose USDT as the coin and CNY as the fiat currency
- Choose a buyer (check completion rate and price)
- Enter the amount to sell and confirm the order
- Wait for the buyer to pay (usually 5-15 minutes)
- After receiving payment, click "Confirm Release"
- RMB will be credited to your bank account
⚠️ Important: Only click "Confirm Release" after you have received the RMB. Once released, the operation is irreversible. If the buyer urges you but you haven't received payment, do not release the coins; file a dispute instead.
Transfer Time
| Payment Method | Transfer Time |
|---|---|
| Alipay | Instant |
| WeChat Pay | Instant |
| Bank Transfer (Same Bank) | Instant - 2 hours |
| Bank Transfer (Different Bank) | 2 hours - Next day |
Withdrawal FAQs
Are there any fees for withdrawals?
C2C withdrawals themselves have no fees, but selling cryptocurrency incurs a trading fee (usually 0.1%).
Are there withdrawal limits?
After completing KYC verification, the daily withdrawal limit is relatively high, typically sufficient for daily use. Refer to Binance's official limits for specifics.
What if my withdrawal is frozen?
Contact Binance customer support, provide identity verification and transaction records, and explain that the source of funds is legal.
💡 Tip: When withdrawing, choose buyers with good reputations (completion rate ≥95%, high trading volume) to reduce the risk of disputes.