After signing up for Binance, you can sell crypto and withdraw to your bank anytime. Download the Binance APP for easy mobile operation. Our site explains the complete process for selling crypto and cashing out on Binance.
Overview of the Cash-Out Process
The typical cash-out flow:
- Sell your crypto for USDT (if not already holding USDT)
- Transfer USDT to your funding wallet
- Sell USDT via C2C trading for fiat
- Receive payment in your bank/Alipay/WeChat account
Step 1: Convert Crypto to USDT
If you hold BTC, ETH, or other coins and want to cash out:
Via Spot Trading
- Go to Trade -> Spot
- Find the coin/USDT pair (e.g., BTC/USDT)
- Select "Sell"
- Choose Market order for instant sale
- USDT goes to your spot wallet
Via Convert
- Go to Trade -> Convert
- Select your coin on top, USDT on bottom
- Enter amount and confirm
- Instant swap, USDT arrives immediately
Step 2: Transfer USDT to Funding Wallet
- Wallet -> Transfer
- From "Spot Account" to "Funding Account"
- Select USDT, enter amount
- Confirm (free, instant)
Step 3: Sell USDT via C2C
- Go to Trade -> C2C
- Select "Sell" and choose USDT
- Enter the amount to sell
- Choose your preferred payment method (bank/Alipay/WeChat)
- Select a buyer (merchant)
Choosing a Buyer
- Look for verified merchants with high completion rates
- Check transaction volume and reviews
- Compare prices across multiple buyers
- Ensure the buying amount fits your sell amount
- Place the sell order
Step 4: Wait for Payment and Release
- After placing the order, wait for the buyer to pay
- You will see a notification when payment is made
- Verify actual receipt in your bank/payment app (not just screenshots)
- Confirm the payer name matches the buyer in the order
- Only after confirming receipt, tap "Release" to release the USDT
Critical: Never release coins before confirming actual payment in your bank account.
FAQ
How long does the whole process take?
Converting to USDT is instant. C2C selling typically takes 5-15 minutes depending on merchant response time.
Are there fees for selling?
Binance does not charge C2C fees. The merchant's buy price may be slightly below market price (their profit margin).
What if the buyer does not pay within the time limit?
The order will automatically cancel, and your USDT is returned. No loss to you.
What if I released coins but the buyer's payment hasn't arrived?
File an appeal immediately through the order page. Binance support will investigate and help resolve the dispute.
Can I sell directly to my bank account without C2C?
For most regions, C2C is the primary method for fiat withdrawal. Some countries may have direct bank withdrawal options.
Will selling crypto affect my bank account?
As long as you trade with verified merchants on the platform and avoid crypto-related payment memos, the risk is minimal.
Security Tips
- Always verify actual receipt before releasing coins: The most important rule
- Never release based on screenshots alone: Check your actual bank balance
- Verify payer name matches the order: Mismatched names may indicate fraud
- Do not write crypto-related terms in any communication or payment memo
- Sell during business hours: Customer support is more responsive
- Keep all transaction records: Screenshots of payments, orders, and chats
Register for Binance to easily sell crypto and withdraw to your bank account through the secure C2C platform.