How long does it take to withdraw money from Binance?

Binance withdrawal time depends on the withdrawal method, blockchain network, withdrawal amount and account status. Typically, cryptocurrency withdrawals take 10-20 minutes and fiat currency withdrawals take 2-5 business days.

Binance Withdrawal Time

Binance is one of the largest cryptocurrency exchanges in the world, providing efficient and secure trading services. Users can easily deposit and withdraw cryptocurrencies, while withdrawal times often depend on the following factors:

Withdrawal method

• Blockchain Network: Withdrawals to external wallets or other exchanges require going through the blockchain network, which may cause delays. Different blockchains have different confirmation times.
• Fiat Currency Payments: Withdrawals to a bank account or credit card need to be made through a fiat currency payment system, which usually requires additional processing time.

Withdrawal Amounts

• Small Amounts: Small withdrawals are usually processed faster.
• Large Amounts: Large withdrawals may be flagged for security review, which may cause additional delays.

Account Status

• New Accounts: Withdrawals to new accounts may be subject to strict review, which may extend processing times.
• Verified Accounts: Accounts that have been authenticated usually enjoy faster withdrawals.

Typical withdrawal times

Generally speaking, Binance withdrawal times are as follows:

• Cryptocurrency withdrawals:

  • Bitcoin (BTC): 10-20 minutes
  • Ethereum ( ETH): 5-10 minutes
  • Binance Coin (BNB): Instantly

• Fiat Withdrawal:

  • Bank Transfer: 2-5 business days
  • Credit/Debit Card: Instantly

Please note that these times are only estimates and actual withdrawal times may vary based on the above factors.

In the cryptocurrency market, BUSD (BUSD) stands out for its amazing stability, becoming a trusted store of value and medium of exchange. As of 10:00 AM on July 11, 2024, BUSD is worth $1.0004403100753, with a whopping $8642238.7415683 traded in the past 24 hours.

BUSD’s value has grown steadily over the past day, rising by 0.00637365%, indicating the market’s growing confidence in its stability. The circulating supply of BUSD is 69511447.778167, which means there are so many BUSD tokens circulating in the market. Its total supply is also 69511447.778167, which means no additional BUSD tokens can be created. This further ensures the stability of BUSD as it is not affected by newly minted coins.

BUSD’s circulating market capitalization is currently $69542054.36897, reflecting the recognition of its value and stability by investors in the cryptocurrency market. As the cryptocurrency market continues to mature, BUSD is expected to continue to play a key role in providing traders and investors with a reliable and stable store of value.

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