Withdraw Eur from Binance: One of the many reasons why people don’t like investing in crypto is the complications related to withdrawing their money. Well, with the Binance Mobile App it’s safe and easy to actually withdraw Eur from Binance.
If you live in any of the European countries, you can easily withdraw money from your Binance Account to Eur bank account using the Binance Mobile App. To help you, we’ve outlined the step by step procedure below with pictures.
See Also: Binance Mobile App: What it is and how you can use it
Note: You can get a free sign up bonus when you open a free Binance Account. And if you have any question, feel free to ask our Support Team to get help.
How to withdraw Eur from Binance to bank account (Binance Mobile App)
Step 1: Log into your Binance Account and Select Wallets at the bottom right
Step 2: Next choose Spot from the options available at the top of the Mobile app
Step 3: Select the Transfer Button on the new page that opens
Step 4: On the transfer page, you’ll need to select where you’re transferring From and transferring To. select Spot Wallet as Transferring From and select Funding as Transferring To. The select the crypto you wish to Transfer, change BTC to any other crypto. For this post we’ll be using USDT.
Step 5: Once you are done with the step above, indicate the amount of USDT (or any crypto) you want to sell, in this example we will be using $20. Next is the Confirm Transfer button.
Step 6: Once transfer is successful, go back to your Home page by selecting the Home button at the bottom right of the Binance Mobile App.
See Also: How to trade crypto on Binance App using P2P Market Place
Step 7: On the home page, choose P2P trading
Step 8: On the P2P trading page, type the amount of USDT (or any crypto) you want to sell.
Step 9: Change the option at the top from Buy to Sell. Buyers within your sell limit will appear, click the Sell button close to your preferred Buyer and then the Sell with 0 fee button.
Step 10: On the next page, you will be asked to add a payment method, click the +Add payment method.
Note: You can get a free sign up bonus when you open a free Binance Account. And if you have any question, feel free to ask our Support Team to get help.
Ensure to add a valid Eur bank account that carries the same name you used when opening your Binance account because you cannot withdraw into any other person’s account but yours. Double check to make sure that the bank account accepts Eur and all information is correct.
See Also: Binance Wallet: How to send and receive crypto on Binance App
Step 11: Once you get on this page, add the bank account you will like to receive your money
Step 12: Once payment method is added, Confirm the details
Step 13: On the next page, you will be required to type a phone number which will be used as a verification number, put in your correct phone number
Step 14: After typing in your phone number, get the code and use it to verify the phone number on Binance account.
Step 15: After using the code sent to your phone number to verify your bank account details , go ahead with the transaction.
This is a P2P transaction hereby, someone interested in buying USDT will pay you the exact equivalent in euros. The buyer will have about 15 minutes to make payment.
See Also: How to verify your Binance Account using the Binance Mobile App
Once the buyer pays into your Eur bank account, you will get a notification stating that the buyer has paid. Now go to your bank account and check if your money has successfully received. If YES, then click Payment Received button.
Important Note: Don’t click the Payment Received button when the buyer is yet to send you money or you’re yet to confirm if the money sent is received by you. Be sure to double check and even triple check that you actually received the money before clicking that button.
To complete the transaction, a 6 digit code will be sent to your phone. Get the 6 digit code and bring it back to Binance, put the 6 digit code where it is needed and complete the transaction. You can decide to rate the transaction.
