Withdrawing cryptocurrencies like BTC, USDT, or USDC from Binance to your Nigerian bank account can be seamless with the right steps. Whether you're cashing out profits or need liquidity, this guide ensures a smooth process even amid platform updates.
Key Preparations Before Withdrawal
- Ensure your Binance account is verified (KYC completed).
- Have an active Naira bank account or mobile money wallet.
- Confirm sufficient funds to cover withdrawal fees (varies by cryptocurrency).
Understanding Cryptocurrency Withdrawals
Withdrawals are irreversible—always double-check:
- Recipient wallet addresses.
- Selected blockchain network (e.g., BEP-20, ERC-20).
- Transaction fees and processing times.
Step-by-Step Withdrawal Process
Step 1: Log In and Navigate to Withdrawal
- Sign in to your Binance account.
- Go to Wallet > Fiat and Spot > Click Withdraw.
Step 2: Select Cryptocurrency
- Choose the crypto to withdraw (e.g., USDT, BTC).
- Click Send via Crypto Network.
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Step 3: Use Bingtellar for Conversion
- Log in to your Bingtellar account (create one if needed).
- Navigate to Transfer and enter the amount to convert to Naira.
Step 4: Enter Bank Details
- Select Bank Account as the delivery method.
- Input your account details accurately.
Step 5: Match Blockchain Networks
- Ensure the network selected on Binance (e.g., BEP-20) matches Bingtellar’s.
- Copy Bingtellar’s generated wallet address.
Step 6: Initiate Withdrawal on Binance
- Paste Bingtellar’s wallet address.
- Enter the withdrawal amount and click Withdraw.
Step 7: Confirm and Verify
- Review transaction details.
- Approve via email/SMS verification codes.
Step 8: Completion
- Funds will reflect in your bank account once the blockchain confirms the transaction.
FAQs
1. Why can’t I withdraw Naira directly from Binance?
Due to regulatory updates, direct NGN withdrawals may be suspended. Using intermediaries like Bingtellar bypasses this limitation.
2. How long do withdrawals take?
Processing times vary by network congestion (typically 5–30 minutes). Bank deposits are usually instant.
3. What’s the minimum withdrawal amount?
This depends on the cryptocurrency and network fees. Check Binance’s fee schedule for details.
👉 Compare withdrawal fees across platforms
4. Is Bingtellar safe for conversions?
Yes, Bingtellar is a licensed platform compliant with Nigerian financial regulations.
Pro Tips for Smooth Withdrawals
- Monitor exchange rates for optimal conversion timing.
- Split large withdrawals to avoid network congestion delays.
- Keep records of transaction hashes for disputes.
Final Thoughts
Withdrawing crypto to Naira requires attention to detail but is manageable with tools like Bingtellar. Stay updated on Binance’s latest policies to adapt quickly.
Need further help? Reach out to Bingtellar’s support at [email protected].
Disclaimer: Always verify wallet addresses and network compatibility before proceeding.
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