Binance is a popular cryptocurrency exchange platform that offers a range of features and benefits to its users. It offers a wide variety of cryptocurrencies for trading and investing, including popular options like Bitcoin, Ethereum, and Binance Coin, as well as many lesser-known coins and tokens. Binance charges some of the lowest fees in the industry for trading, making it a popular choice for traders looking to keep costs low.
Here are the steps about how to withdraw from Binance and transfer into your ZenGo wallet.
- Log in to your Binance account and navigate to the “Wallet” tab.
- Click on “Overview” and select the cryptocurrency you want to withdraw.
- Click on “Withdraw” and select the “Address” option.
- Enter the Zengo wallet address in the “Address” field. Double/triple-check the address.
- Enter the amount of cryptocurrency you want to withdraw in the “Amount” field. Double/triple-check the amount.
- Click on “Submit” and enter the verification code sent to your email or phone number.
- Wait for the transaction to be confirmed on the blockchain. The time taken for the transaction to be approved can vary based on the network traffic and the cryptocurrency you are withdrawing.
- Once the transaction is confirmed, your cryptocurrency will be sent to your Zengo wallet.
Important – Before withdrawing your cryptocurrency from Binance, make sure that your Zengo wallet supports the cryptocurrency you want to withdraw. Additionally, be aware of the transaction fees that Binance charges for withdrawing cryptocurrency. These fees can vary depending on the cryptocurrency you are withdrawing and the current network traffic.
If you want fiat currency withdrawal from Binance then follow these steps –
- Access your Binance account and click on “Wallet” in the top right corner of the screen.
- Select “Fiat and Spot” from the drop-down menu.
- Click on “Withdraw” next to the fiat currency you want to withdraw.
- Enter the amount you want to withdraw and select your preferred withdrawal method (such as bank transfer or credit/debit card).
- Follow the on-screen instructions to complete the withdrawal process, which may include providing additional verification or bank account details.
Remember, there may be fees associated with withdrawing fiat currency from Binance, and the processing time may vary depending on your withdrawal method and location.
It is recommended that you carefully review the withdrawal details before completing the transaction to ensure that you understand any fees or processing times involved.
How long does it take to withdraw crypto from Binance?
In general, Binance processes withdrawal requests quickly, usually within 30 minutes to 2 hours. However, the actual time it takes for the funds to arrive in your external wallet can vary.
For example, withdrawals of Bitcoin (BTC) may take longer than withdrawals of other cryptocurrencies due to the congestion on the Bitcoin network.
Similarly, withdrawals of certain lesser-known or less popular cryptocurrencies may take longer to process due to lower liquidity on the respective blockchain networks.