Last Updated on April 23, 2025
Ready to dive into cryptocurrencies? Sending Bitcoin (BTC) from Binance to external wallets is your gateway to financial autonomy in the decentralized ecosystem. This guide simplifies the process with clear, actionable steps.
Step-by-Step Guide to Transfer BTC from Binance
Follow these steps to move Bitcoin from Binance to another wallet securely:
Step 1: Log Into Your Binance Account
- Access your verified Binance account via the app or website.
- New users must complete registration and identity verification first.
Step 2: Navigate to the Withdrawal Section
- Go to Wallet > Overview > Withdraw.
- Select Withdraw Crypto under the Spot & Fiat tab.
Step 3: Select Bitcoin (BTC) as the Currency
- Choose Bitcoin (BTC) from the list of available cryptocurrencies.
Step 4: Enter the Recipient’s Wallet Address
- Paste the recipient’s BTC address in the "Send to" field.
- Critical Check: Verify the address matches the correct network (e.g., Bitcoin BTC Network).
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Step 5: Enter the Amount and Confirm
- Specify the BTC amount to send.
- Review the network fee (typically $2–$3). Fees adjust based on network congestion.
- Confirm details and enter your 2FA code to authorize the transaction.
Step 6: Wait for Transaction Confirmation
- Processing times range from 10–30 minutes depending on network traffic.
- Track progress via Binance’s transaction history.
Step 7: Verify Receipt in the Recipient’s Wallet
- Check the recipient’s wallet for the deposited BTC.
- Binance will email a confirmation once completed.
Binance BTC Withdrawal Fees
- No withdrawal fees from Binance, but blockchain network fees apply (~$2–$3).
- Fees are deducted from the sent amount—ensure sufficient balance.
5 Essential Security Checks Before Sending BTC
- Double-check the recipient address – Typos can lead to irreversible loss.
- Enable 2FA – Protect your Binance account with two-factor authentication.
- Beware of phishing scams – Avoid clicking links in unsolicited emails.
- Secure your device – Use updated antivirus software.
- Verify amount, address, and fee – Confirm all details before finalizing.
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FAQ
How long does a BTC transfer from Binance take?
Typically 10–30 minutes, but delays may occur during network congestion.
Can I cancel a Bitcoin withdrawal on Binance?
No—once submitted, transactions are irreversible. Always verify details before confirming.
What’s the minimum BTC withdrawal amount on Binance?
Binance requires a 0.001 BTC minimum for withdrawals.
Which network should I use for BTC withdrawals?
Select the Bitcoin (BTC) network unless the recipient specifies otherwise.
Conclusion
Transferring Bitcoin from Binance is straightforward with this guide. Whether you’re a beginner or experienced trader, these steps ensure secure and efficient transactions.
Disclaimer: This guide is for educational purposes only. Always comply with local regulations and verify fees before transactions.
About the Author
Selik Varan is a blockchain writer with a decade of experience demystifying Web3 concepts. His work focuses on decentralization, security, and user empowerment in the crypto space.