How to Withdraw USDT from Binance to Bank Account: A Step-by-Step Guide

Imagine this: you’ve just made a profitable trade on Binance, and your USDT balance is looking healthier than ever. Now, you’re ready to cash out and enjoy the fruits of your crypto endeavors. But how exactly do you withdraw USDT from Binance to your bank account?

Don’t worry; it’s simpler than you might think! This comprehensive guide will walk you through the entire process, from start to finish. We’ll cover everything you need to know, from choosing the right withdrawal method to ensuring the security of your funds. Let’s get started!

Understanding USDT and Fiat Withdrawals

Before we dive into the step-by-step process, let’s quickly clarify some key concepts.

What is USDT (Tether)?

USDT, or Tether, is a stablecoin pegged to the value of the US dollar. This means that 1 USDT is designed to be worth approximately 1 USD. Stablecoins like USDT offer a way to hold value within the crypto world without being exposed to the volatility of other cryptocurrencies like Bitcoin or Ethereum.

Why Withdraw to a Bank Account?

While you can trade and hold USDT on Binance, you’ll need to withdraw it to your bank account to use it for everyday purchases or convert it to your local currency.

Methods to Withdraw USDT from Binance to Bank Account

There are two primary methods you can use to withdraw USDT from your Binance account to your bank account:

1. Direct Bank Transfer (Fiat Withdrawal)

This method involves selling your USDT for your desired fiat currency (e.g., USD, EUR, GBP) directly on Binance and then withdrawing the fiat funds to your linked bank account.


  • Convenience: The entire process happens within the Binance platform.
  • Fast Transactions: Withdrawals are usually processed quickly, often within the same business day.


  • Fees: Binance charges a small fee for fiat withdrawals, which varies depending on your chosen currency and withdrawal method.
  • Verification Requirements: You’ll need to complete Binance’s identity verification process (KYC) to enable fiat withdrawals.

2. Using a P2P Platform

Alternatively, you can use a Peer-to-Peer (P2P) platform to sell your USDT directly to other users for fiat currency. This method often allows you to find more competitive exchange rates.


  • Potentially Better Exchange Rates: You can often find more favorable rates on P2P platforms compared to direct fiat withdrawals.
  • Flexibility: P2P platforms offer a wider range of payment options, including bank transfers, mobile wallets, and even cash pickups.


  • Security Considerations: It’s crucial to choose a reputable P2P platform and trade with trusted users to mitigate potential risks.
  • Slightly More Complex: The process involves finding a suitable buyer and coordinating the transaction, which might take a bit longer than direct withdrawals.

Step-by-Step Guide: Withdrawing USDT from Binance to Bank Account (Direct Fiat Withdrawal)

For this guide, we’ll focus on the most straightforward method: direct fiat withdrawal from Binance.

Step 1: Complete Identity Verification

  • Log into your Binance account.
  • Navigate to your account settings and complete the identity verification process (KYC). This typically involves submitting a government-issued ID and a selfie.

Step 2: Sell USDT for Fiat

  • Go to the “Trade” or “Markets” section on Binance.
  • Find the USDT trading pair for your desired fiat currency (e.g., USDT/USD).
  • Place a “Sell” order for the amount of USDT you wish to withdraw.

Step 3: Initiate a Fiat Withdrawal

  • Once your USDT is sold for fiat, navigate to your “Wallet” or “Funds” section.
  • Select the fiat currency you just acquired (e.g., USD).
  • Click on “Withdraw” or “Withdrawal.”

Step 4: Link Your Bank Account

  • If you haven’t already, you’ll need to link your bank account to Binance.
  • Enter your bank account details accurately, including the bank name, account number, and SWIFT/BIC code.

Step 5: Enter Withdrawal Amount and Confirm

  • Enter the amount of fiat currency you want to withdraw.
  • Double-check all the details, including the withdrawal amount and bank account information.
  • Confirm the withdrawal, and Binance will process your request.

Tips for Safe and Smooth Withdrawals

  • Enable Two-Factor Authentication (2FA): This adds an extra layer of security to your account, making it more difficult for unauthorized access.
  • Start with Small Amounts: If you’re new to withdrawing, consider making a small test withdrawal first to familiarize yourself with the process.
  • Double-Check Bank Details: Always verify your bank account information before confirming the withdrawal to avoid sending funds to the wrong account.
  • Be Aware of Fees: Binance charges withdrawal fees, which can vary. Check the fee schedule before initiating the withdrawal to avoid any surprises.
  • Keep Transaction Records: Save all transaction IDs and confirmations for your records in case any issues arise.


Withdrawing USDT from your Binance account to your bank account is a straightforward process, especially when you choose the direct fiat withdrawal method. By following the steps outlined in this guide, you can easily access and use your hard-earned crypto profits in the real world. Remember to prioritize security, double-check all details, and start with small amounts if you’re new to the process.

Now that you know how to withdraw your USDT, what will you spend it on? Share your crypto success stories and withdrawal experiences in the comments below! And don’t forget to explore our other articles for more insightful guides and tips on all things crypto.