Binance Withdrawal Guide 2026: Steps, Networks, Fees and Pauses
To withdraw from Binance, open Wallets, choose Withdraw, pick the asset, paste the destination address, select the same network the receiving platform uses, enter the amount, then confirm with a passkey or 2FA. Binance shows the network fee and minimum on the withdrawal page, and a wrong network or missing memo can mean permanent loss.
Binance is the largest crypto exchange by trading volume, and moving coins off it is routine until something goes wrong: a wrong network, a missing memo, or a withdrawal pause on the chain you need. This guide walks through the official steps from Binance’s own help center, how to choose a network, how fees work and how to check status when withdrawals are suspended. For the October 2026 incident and which networks were affected, see our Binance and Polymarket incident tracker.
How to Withdraw Crypto From Binance Step by Step
Binance’s help article on how to withdraw crypto gives this flow for the app:
- Log in and open Wallets, then Spot, then Withdraw.
- Choose the coin, then Send via Crypto Network.
- Paste the destination address and select the network.
- Enter the amount. Binance shows the transaction fee and the amount you will receive.
- Tap Withdraw, then check the address and network again before tapping Confirm.
- Verify with your passkey or 2FA, then wait for processing.
On the website, hover over the wallet icon, click Overview, then Withdraw and Crypto Withdraw, and follow the same address, network and amount steps. Binance’s help center notes the site may ask you to confirm that the receiving address supports the selected network, and lets you check by choosing the destination platform if you are unsure.
How to Choose the Right Network
The network matters more than the fee. Binance’s help center says to pick the network that matches the platform you are sending to, and warns not to simply choose the cheapest option: ERC20 tokens only go to ERC20 addresses and BSC tokens only to BSC addresses. If you pick an incompatible network, Binance says funds might be lost and not recovered.
| Network label on Binance | What it means |
|---|---|
| BTC | Bitcoin network |
| BTC (SegWit) | Native SegWit, addresses start with “bc1” |
| ERC20 | Ethereum network |
| TRC20 | TRON network |
| BEP20 | BNB Smart Chain (BSC) |
Binance Withdrawal Fees and Minimums
According to Binance’s crypto withdrawal fees FAQ, the fee on an external withdrawal is a network fee paid to miners or validators, not to Binance, and it moves with network conditions. Each request also has a minimum amount. Both depend on the coin and network, and Binance says they can change without notice, so read the figure shown on the withdrawal screen when you send rather than relying on a number from an old article.
Memo and Tag: When Binance Asks for One
Some networks need a memo or tag as well as the address, because the receiving platform uses it to credit the right account. Binance says that for certain networks you must fill in the memo, or the deposit cannot be detected on the other side. Copy the memo from the receiving platform exactly. If a transfer has already gone wrong, our guide on sending crypto on the wrong network covers what can and cannot be recovered.
Use a Withdrawal Whitelist
Binance lets you save trusted withdrawal addresses and turn on a whitelist in its security settings, so withdrawals can only go to addresses you have approved. Binance’s own withdrawal settings guide explains how to enable the whitelist and add addresses under Address Management. It adds a step when you add a new address, and that step is the point: someone who gets into your account cannot simply send funds to a new address. Our explainer on withdrawal whitelists covers how they work and their trade-offs.
When Binance Pauses Withdrawals
Pauses usually hit specific networks rather than the whole platform, and they can follow maintenance, network congestion, or a security incident. During a pause, do not chase unofficial “fix” links; wait for the network to reopen in the app. For the October 2026 case, see our running page on the Binance and Polymarket security incidents, which we update as Binance posts new statements.
How to Check Status When Withdrawals Are Paused
Binance can suspend withdrawals on specific networks while others stay open. During the October 29, 2026 incident, Binance paused several networks while Bitcoin and Ethereum routes stayed open, as CryptoTicker reported from Binance’s own status interface. On October 30, a Binance announcement, as reported by Reuters and CNBC, said deposits and withdrawals were temporarily suspended while security checks are completed. At 04:36 UTC on October 30, Binance said on its official X account that deposits are operating as normal, while withdrawals remain paused during a security revamp of the withdrawal service, with resumption expected within 48 hours. When this happens:
- Check the withdrawal screen first. Binance shows network availability for the coin you pick.
- Read official announcements only. Use the Binance announcements page and Binance’s verified social accounts.
- Do not switch networks blindly. An open alternative network only helps if your destination supports it.
- Ignore refund or security check messages. Scams spike during pauses; Binance has warned users not to trust unofficial links or requests for account information.
After Binance Resumes Withdrawals: What to Watch
On November 1, 2026, Binance announced that withdrawals will resume in phases, according to its fourth recovery update published on binance.com at 04:08 UTC. The first phase was scheduled for 06:00 to 09:00 UTC on November 1 and covers the BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, Base, OP and SUI networks and their assets. As of 1 November 2026, 19:31 Taipei time (11:31 UTC), Binance’s network status page showed withdrawals open on 12 networks, for at least some assets on each: Bitcoin (BTC), Ethereum (ETH, USDT, USDC), BNB Smart Chain (BNB, USDT, USDC), XRP Ledger (XRP), Base (ETH, USDC), Dogecoin (DOGE), Optimism (ETH, USDT, USDC), Arbitrum (ARB, ETH, USDT, USDC), Tron (TRX, USDT), Solana (SOL, USDT, USDC), Polygon (POL, USDT, USDC) and Avalanche C-Chain (AVAX, USDT, USDC), while TON, Sui and Zcash from phase one were not yet on Binance’s list of reopened networks; Binance says other assets and networks will follow after further checks. Once your network reopens:
- Expect phases, not a single switch. Your coin may be open on one network and still closed on another. Check the withdrawal screen for the exact coin and network before you start.
- Expect a queue. Binance warned that early withdrawals may be delayed or fail because of heavy traffic. A pending status in the first hours is not by itself a sign of a problem; wait before retrying so you do not create duplicate requests.
- Trust only official announcements. Timing and the list of networks come from the Binance announcements page and Binance’s verified accounts. Screenshots, Telegram groups and “status trackers” can be outdated or fake.
- Watch for fake support. Reopening days attract messages offering to “speed up” or “unlock” a withdrawal. Binance support will not ask for your password, 2FA codes or seed phrase, and no one can move you up a queue for a fee. On November 1, Binance co-founder Yi He said in a personal post on X that there is currently no cash voucher or compensation campaign; treat any “compensation” or “airdrop” claim link as phishing unless it appears in an official announcement on binance.com.
- Recheck your whitelist and address. If you changed security settings during the pause, a newly added address may be temporarily restricted depending on your settings. Send a small test amount first on a network you have not used recently.
For the full incident timeline and recovery figures, see our Binance and Polymarket incident page.
Why a Binance Withdrawal Fails or Stalls
Binance’s unsuccessful withdrawals FAQ says an incorrectly entered address triggers an “invalid address” error, and advises copying and pasting or scanning a QR code instead of typing. Other common causes are a network mismatch, a missing memo, an amount below the minimum, or a network that is temporarily suspended. If the transaction already shows a hash, look it up on a block explorer: a visible but unconfirmed transaction is waiting on the blockchain, not on Binance.
Checklist Before You Withdraw
- Confirm the receiving platform supports the network and the token’s contract.
- Copy the address and any memo exactly; never type them by hand.
- Send a small test amount before a large transfer.
- Turn on withdrawal address whitelisting to limit where funds can go.
- Keep long-term holdings in storage you control; see our hot wallet vs cold wallet guide.
The same basics apply on other platforms, covered in our Bybit, OKX and Polymarket withdrawal guides.
themexc.com is an independent site, not affiliated with any exchange. This article is general information, not financial advice. Rules and fees change; check Binance’s official help pages before acting.
Frequently asked questions
How do I withdraw crypto from Binance?
Binance's help center describes the app flow as Wallets, then Spot, then Withdraw, choosing the coin, selecting Send via Crypto Network, pasting the address and network, entering the amount and confirming with a passkey or 2FA. On the website you start from the wallet Overview and click Withdraw, then Crypto Withdraw.
Which network should I choose on Binance?
Choose the network the receiving wallet or exchange supports, not the cheapest one. Binance's help center says ERC20 tokens can only go to an ERC20 address and BSC tokens to a BSC address, and that funds sent over an incompatible network might be lost and not recovered.
What are Binance withdrawal fees?
Binance says the withdrawal fee is a network fee paid to miners or validators, not to Binance, and that it changes with network conditions. The current fee and the minimum withdrawal amount for each coin and network are shown on the withdrawal page and on Binance's deposit and withdrawal fees page.
Do I need a memo or tag?
For some networks, yes. Binance's help center says certain networks require a memo when transferring, or the receiving platform cannot detect the deposit. Copy the memo from the receiving platform exactly, alongside the address.
Why are Binance withdrawals paused?
Binance can suspend withdrawals on individual networks, for example for wallet maintenance or security reasons. In October 2026 it first paused withdrawals on several networks after a security incident, then suspended all deposits and withdrawals while security checks were completed, according to its official announcement. Binance later said on its official X account, at 04:36 UTC on October 30, that deposits operate normally while withdrawals remain paused. Check the withdrawal page and Binance's official announcements page for the network you want, rather than social media posts.
Why did my Binance withdrawal fail?
Binance's help center lists causes such as an invalid address, which shows an error message, and advises copying and pasting or scanning a QR code rather than typing the address. Also check the network matches, the memo is included and the amount is above the minimum.