How to Trade Crypto and Withdraw from Binance
How to Trade Cryptocurrency on Binance
Spot traders try to make profits in the market by purchasing assets and hoping they’ll rise in value. They can sell their assets later on the spot market for a profit when the price increases. Spot traders can also short the market. This process involves selling financial assets and repurchasing more when the price decreases.
How to Trade Spot on Binance (Web)
1. Visit our Binance website, and click on [Log in] at the top right of the page to log into your Binance account.
2. Click on any cryptocurrency on the home page to go directly to the corresponding spot trading page.
You can find a larger selection by clicking [View more markets] at the bottom of the list.
3. You will now find yourself on the trading page interface.
- Binance Announcements
- Trading volume of trading pair in 24 hours
- Sell order book
- Buy order book
- Candlestick chart and Market Depth
- Trading Type: Spot/Cross Margin/Isolated Margin
- Type of order: Limit/Market/Stop-limit/OCO(One-Cancels-the-Other)
- Buy Cryptocurrency
- Sell Cryptocurrency
- Market and Trading pairs.
- Your latest completed transaction
- Market Activities: large fluctuation/activities in market trading
- Open orders
- Your 24h order history
- Binance customer service
4. Let’s look at buying some BNB. At the top of the Binance home page, click on the [Trade] option and select or [Classic] or [Advanced].
Go to the buying section (8) to buy BNB and fill in the price and the amount for your order. Click on [Buy BNB] to complete the transaction.
You can follow the same steps to sell BNB.
- The default order type is a limit order. If traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, users can trade instantly at the current market price.
- If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed.
- The percentages shown below the BNB [Amount] field refer to the percentage amount of your held BTC you wish to trade for BNB. Pull the slider across to change the desired amount.
How to Trade Spot on Binance (App)
A spot trade is a simple transaction between a buyer and a seller to trade at the current market rate, known as the spot price. The trade takes place immediately when the order is fulfilled.Users can prepare spot trades in advance to trigger when a specific (better) spot price is reached, known as a limit order. You can make spot trades with Binance on the Binance App.
1. Log in to the Binance App, and click on [Trade] to go to the spot trading page.
2. Here is the trading page interface.
1. Market and Trading pairs.
2. Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.
3. Sell/Buy order book.
4. Buy/Sell Cryptocurrency.
5. Open orders.
As an example, we will make a "Limit order" trade to buy BNB
(1). Input the spot price you wish to buy your BNB for and that will trigger the limit order. We have set this as 0.002 BTC per BNB.
(2). In the [Amount] field, input the amount of BNB you wish to purchase. You may also use the percentages underneath to select how much of your held BTC you want to use to buy BNB.
(3). Once the market price of BNB reaches 0.002 BTC, the limit order will trigger and complete. 1 BNB will be sent to your spot wallet.
You can follow the same steps to sell BNB or any other chosen cryptocurrency by selecting the [Sell] tab.NOTE:
- The default order type is a limit order. If traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, users can trade instantly at the current market price.
- If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed.
- The percentages shown below the BNB [Amount] field refer to the percentage amount of your held BTC you wish to trade for BNB. Pull the slider across to change the desired amount.
What is the Stop-Limit Function and How to use it
What is a stop-limit order?
A stop-limit order is a limit order that has a limit price and a stop price. When the stop price is reached, the limit order will be placed on the order book. Once the limit price is reached, the limit order will be executed.
- Stop price: When the asset’s price reaches the stop price, the stop-limit order is executed to buy or sell the asset at the limit price or better.
- Limit price: The selected (or potentially better) price at which the stop-limit order is executed.
You can set the stop price and limit price at the same price. However, it’s recommended that the stop price for sell orders should be slightly higher than the limit price. This price difference will allow for a safety gap in price between the time the order is triggered and when it is fulfilled. You can set the stop price slightly lower than the limit price for buy orders. This will also reduce the risk of your order not being fulfilled.
Please note that after the market price reaches your limit price, your order will be executed as a limit order. If you set the stop-loss limit too high or the take-profit limit too low, your order may never be filled because the market price cannot reach the limit price you set.
How to create a stop-limit order
How does a stop-limit order work?
The current price is 2,400 (A). You can set the stop price above the current price, such as 3,000 (B), or below the current price, such as 1,500 (C). Once the price goes up to 3,000 (B) or drops to 1,500 (C), the stop-limit order will be triggered, and the limit order will be automatically placed on the order book.
Note
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Limit price can be set above or below the stop price for both buy and sell orders. For example, stop price B can be placed along with a lower limit price B1 or a higher limit price B2.
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A limit order is invalid before the stop price is triggered, including when the limit price is reached ahead of the stop price.
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When the stop price is reached, it only indicates that a limit order is activated and will be submitted to the order book, rather than the limit order being filled immediately. The limit order will be executed according to its own rules.
How to place a stop-limit order on Binance?
1. Log in to your Binance account and go to [Trade] - [Spot]. Select either [Buy] or [Sell], then click [Stop-limit].
2. Enter the stop price, limit price, and the amount of crypto you wish to purchase. Click [Buy BNB] to confirm the details of the transaction.
How to view my stop-limit orders?
Once you submit the orders, you can view and edit your stop-limit orders under [Open Orders].
To view executed or canceled orders, go to the [Order History] tab.
Frequently Asked Questions (FAQ)
What is Market Order
A market order is executed at the current market price as quickly as possible when you place the order. You can use it to place both buy and sell orders.
You can select [Amount] or [Total] to place a buy or sell market order. For example, if you want to buy a certain quantity of BTC, you can enter the amount directly. But if you want to buy BTC with a certain amount of funds, such as 10,000 USDT, you can use [Total] to place the buy order.
What is a Limit Order
A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.
For example, you place a buy limit order for 1 BTC at $60,000, and the current BTC price is 50,000. Your limit order will be filled immediately at $50,000, as it is a better price than the one you set ($60,000).
Similarly, if you place a sell limit order for 1 BTC at $40,000 and the current BTC price is $50,000. The order will be filled immediately at $50,000 because it is a better price than $40,000.
| Market Order | Limit Order |
| Purchases an asset at the market price | Purchases an asset at a set price or better |
| Fills immediately | Fills only at the limit order’s price or better |
| Manual | Can be set in advance |
How to View my Spot Trading Activity
You can view your spot trading activities from the Orders and Positions panel at the bottom of the trading interface. Simply switch between the tabs to check your open order status and previously executed orders.
1. Open orders
Under the [Open Orders] tab, you can view details of your open orders, including:- Order date
- Trading pair
- Order type
- Order price
- Order amount
- Filled %
- Total amount
- Trigger conditions (if any)
To display current open orders only, check the [Hide Other Pairs] box.
To cancel all open orders on the current tab, click [Cancel All] and select the type of orders to cancel.
2. Order history
Order history displays a record of your filled and unfilled orders over a certain period. You can view order details, including:- Order date
- Trading pair
- Order type
- Order price
- Filled order amount
- Filled %
- Total amount
- Trigger conditions (if any)
3. Trade history
Trade history shows a record of your filled orders over a given period. You can also check the transaction fees and your role (market maker or taker).To view trade history, use the filters to customize the dates and click [Search].
4. Funds
You can view details of the available assets in your Spot Wallet, including the coin, total balance, available balance, funds in order, and the estimated BTC/fiat value.
Please note that the available balance refers to the amount of funds you can use to place orders.
How to Withdraw from Binance
How to Sell Crypto to Credit/Debit Card from Binance
With this new feature, selling crypto for fiat currency and directly transferring the amount to your card has never been easier.
Sell Crypto to Credit/Debit Card (Web)
1. Log in to your Binance account and click [Buy Crypto] - [Debit/Credit Card].
2. Click [Sell]. Select the fiat currency and the cryptocurrency you want to sell. Enter the amount then click [Continue].
3. Select your payment method. Click [Manage cards] to choose from your existing cards or add a new card.
You can only save up to 5 cards, and only Visa Credit/Debit cards are supported.
4. Check the payment details and confirm your order within 10 seconds, click [Confirm] to proceed. After 10 seconds, the price and the amount of crypto you will get will be recalculated. You can click [Refresh] to see the latest market price.
5. Check the status of your order.
5.1 Once your order is successfully processed, you can click [View History] to check the details.
5.2 If your order fails, the cryptocurrency amount will be credited to your Spot Wallet in BUSD.
Sell Crypto to Credit/Debit Card (App)
1. Log in to your Binance App and tap [Credit/Debit Card].
2. Select the crypto you want to sell, then tap [Sell] on the top right corner.
3. Select your receive method. Tap [Change card] to choose from your existing cards or add a new card.
You can only save up to 5 cards, and only Visa Credit/ Debit cards are supported for [Sell to Card].
4. Once you have successfully added or chosen your Credit/Debit card, check and tap [Confirm] within 10 seconds. After 10 seconds, the price and the amount of fiat currency will be recalculated. You can tap [Refresh] to see the latest market price.
5. Check the status of your order.
5.1 Once your order is processed successfully, you can tap [View History] to see your selling records.
5.2 If your order fails, the cryptocurrency amount will be credited to your Spot Wallet in BUSD.
How to Withdraw Crypto from Binance
It is possible to withdraw crypto from your Binance account. But in order to make that possible, you will have to go through a specific withdrawal process. It’s not hard, but following every step is necessary if you want everything to go smoothly.
Withdraw Crypto on Binance (Web)
Let’s use BNB (BEP2) to illustrate how to transfer crypto from your Binance account to an external platform or wallet.1. Log into your Binance account and click [Wallet] - [Overview].
2. Click on [Withdraw].
3. Click [Withdraw Crypto].
4. Select the cryptocurrency you want to withdraw. In this example, we will withdraw BNB.
5. Select the network. As we are withdrawing BNB, we can choose either BEP2 (BNB Beacon Chain) or BEP20 (BNB Smart Chain (BSC)). You will also see the network fees for this transaction. Please make sure that the network matches the addresses network entered to avoid withdrawal losses.
6. Next, enter the recipient address or select from your address book list.
6.1 How to add a new recipient address.
To add a new recipient, click [Address Book] - [Address Management].
6.2. Click [Add Address].
6.3. Select the coin and network. Then, enter an address label, the address, and memo.
- Address Label is a customized name you can give to each withdrawal address for your own reference.
- MEMO is optional. For example, you need to provide the MEMO when sending funds to another Binance account or to another exchange. You do not need a MEMO when sending funds to a Trust Wallet address.
- Make sure to double-check if a MEMO is required or not. If a MEMO is required and you fail to provide it, you may lose your funds.
- Note that some platforms and wallets refer to the MEMO as Tag or Payment ID.
6.4. You can add the newly added address to your whitelist by clicking [Add to Whitelist], and completing 2FA verification. When this function is on, your account will only be able to withdraw to whitelisted withdrawal addresses.
7. Enter the withdrawal amount and you will be able to see the corresponding transaction fee and the final amount you receive. Click [Withdraw] to proceed.
8. You need to verify the transaction. Please follow the on-screen instructions.
Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please, make sure that the information is correct before making a transfer.
Withdraw Crypto on Binance (App)
1. Open your Binance App and tap [Wallets] - [Withdraw].
2. Choose the cryptocurrency you want to withdraw, for example BNB. Then tap [Send via Crypto Network].
3. Paste the address you want to withdraw to and select the network.
Please choose the network carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds to. If you select the wrong network, you will lose your funds.
4. Enter the withdrawal amount and, you will be able to see the corresponding transaction fee and the final amount you will receive. Tap [Withdraw] to proceed.
5. You will be prompted to confirm the transaction again. Please check carefully and tap [Confirm].
Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure the information is correct before you confirm the transaction.
6. Next, you will need to verify the transaction with 2FA devices. Please follow the on-screen instructions to complete the process.
7. After confirming the withdrawal request, please wait patiently for the transfer to be processed.
How to Withdraw Fiat Currency from Binance
You can now withdraw Fiat Currency such as GBP, USD... from Binance via Faster Payment Service (FPS), SWIFT... on Binance.
Please follow the instructions carefully in order to successfully withdraw Fiat Currency to your bank account.
Withdraw GBP via Faster Payments Service (FPS)
1. Log in to your Binance account and go to [Wallet] - [Fiat and Spot].
And click [Withdraw].
2. Click on [Bank Transfer (Faster Payments)].
Please note that if you have crypto that you wish to withdraw to your bank account, you must first convert/sell them into GBP before initiating a GBP withdrawal.
3. If you are withdrawing for the first time, please verify at least one bank account by successfully completing a deposit transaction of at least 3 GBP before making a withdrawal order.
4. Enter the amount you wish to withdraw from your GBP balance, select one of the registered bank accounts, and click [Continue] to create a withdrawal request.
Please note that you can only withdraw to the same bank account used to deposit GBP.
5. Confirm the withdrawal information, and complete two-factor authentication to verify the GBP withdrawal.
6. Your GPB will be withdrawn to your bank account shortly. Please contact Customer Support or use our chatbot if you require further assistance.
Withdraw USD via SWIFT
You can follow the instructions below to withdraw USD from Binance via SWIFT.1. Log in to your Binance account and go to [Wallet] - [Fiat and Spot].
2. Click [Withdraw].
3. Under the [Withdraw Fiat] tab, select [USD] and [Bank transfer (SWIFT)]. Click [Continue] to create a withdrawal request.
4. Enter your account details. Your name will be filled automatically under [Beneficiary Name]. Click [Continue].
5. Enter the withdrawal amount and you will see the transaction fee. Click [Continue].
6. Check the details carefully and confirm the withdrawal. Typically, you will receive the funds within 2 working days. Please wait patiently for the transaction to be processed.
How to Sell Crypto on Binance P2P
Start small with $3 worth of crypto or make a large block trade. If you’re looking to make a large crypto order, you can find experienced block traders on Binance P2P to buy or sell your crypto.
Sell Crypto on Binance P2P (Web)
Step 1: Select (1) “Buy Crypto” and then click (2) “P2P Trading” on the top navigation.
Step 2: Click (1) "Sell" and select the currency you want to sell (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Sell".
Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to sell and click (2) "Sell".
Step 4: The transaction will now display “Payment to be made by buyer”.
Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.
Note: You can use Chat on the right side to communicate with the buyer in the whole process.
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.
2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.
3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.
4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.
Sell Crypto on Binance P2P (App)
You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.
Step 2
Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.
Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
Frequently Asked Questions (FAQ)
Why has my withdrawal now arrived?
I’ve made a withdrawal from Binance to another exchange/wallet, but I haven’t received my funds yet. Why?Transferring funds from your Binance account to another exchange or wallet involves three steps:
- Withdrawal request on Binance
- Blockchain network confirmation
- Deposit on the corresponding platform
Normally, a TxID(Transaction ID) will be generated within 30-60 minutes, indicating that Binance has successfully broadcasted the withdrawal transaction.
However, it might still take some time for that particular transaction to be confirmed, and even longer for the funds to be credited into the destination wallet. The amount of required network confirmations varies for different blockchains.
For example:
- Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
- Your assets are temporarily frozen until the underlying deposit transaction reaches 2 network confirmations.
Note:
- If the blockchain explorer shows that the transaction is not confirmed, please wait for the confirmation process to be completed. This varies depending on the blockchain network.
- If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully and we are unable to provide any further assistance on this matter. You would need to contact the owner/support team of the destination address to seek further help.
- If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Please make sure you have provided the above information so the Customer Service agent can assist you in a timely manner.
How do I check the transaction status on the blockchain?
Log in to Binance, and click on [Wallet]-[Overview]-[Transaction history] to find your cryptocurrency withdrawal records.If the [Status] shows that the transaction is “processing”, please wait for the confirmation process to be completed.
If the [Status] shows that the transaction is “Completed”, you can click on [TxID] to check the transaction details in a block explorer.
Withdrawal to a Wrong Address
Our system initiates the withdrawal process as soon as you click on [Submit] after passing security verification. Withdrawal confirmation e-mails can be identified by their subject lines starting with: “[Binance] Withdrawal Requested From……”.
If you’ve mistakenly withdrawn funds to the wrong address, we are unable to locate the receiver of your funds and provide you any further assistance. If you have sent your coins to an incorrect address by mistake, and you know the owner of this address, we recommend you to contact the customer support of that platform.
Are the offers I see on P2P exchange provided by Binance?
The offers you see on the P2P offer listing page are not offered by Binance. Binance serves as a platform to facilitate the trade, but the offers are provided by users on an individual basis.
As a P2P trader, how am I protected?
All online trades are protected by escrow. When an ad is posted the amount of crypto for the ad is automatically reserved from the sellers p2p wallet. This means that if the seller runs away with your money and does not release your crypto, our customer support can release the crypto to you from the reserved funds.If youre selling, never release the fund before you confirm that you have received money from the buyer. Be aware that some of the payment methods buyer use are not instant, and may face the risk of callback.
