Is there a way to move BTC from Binance to my checking account?
legacy-code-devDec 26, 2021 · 3 years ago3 answers
I want to transfer my BTC from Binance to my checking account. Is there a way to do that directly?
3 answers
- Dec 26, 2021 · 3 years agoYes, it is possible to move BTC from Binance to your checking account. However, you cannot do it directly. You will first need to convert your BTC into a fiat currency, such as USD or EUR, and then withdraw the fiat currency to your checking account. Binance offers a fiat gateway that allows you to convert your BTC into fiat currencies and withdraw them to your bank account. You can find more information on how to use the fiat gateway in Binance's support documentation.
- Dec 26, 2021 · 3 years agoUnfortunately, Binance does not currently offer a direct option to transfer BTC to a checking account. However, you can sell your BTC for a fiat currency on Binance and then withdraw the fiat currency to your checking account. To do this, you can use Binance's fiat gateway or transfer your BTC to another exchange that offers fiat withdrawal options. Once you have the fiat currency in your Binance account, you can initiate a withdrawal to your checking account by following the instructions provided by Binance.
- Dec 26, 2021 · 3 years agoYes, you can transfer BTC from Binance to your checking account using BYDFi. BYDFi is a decentralized finance platform that allows you to convert your BTC into stablecoins, such as USDT or USDC, and then transfer the stablecoins to your checking account. To do this, you will first need to connect your Binance account to BYDFi and authorize the transfer. Once the transfer is authorized, you can convert your BTC into stablecoins and initiate a transfer to your checking account. Please note that BYDFi may charge fees for this service, so make sure to check the fee schedule before proceeding.
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