How to withdraw USDT from Binance to Bank account

How to Withdraw USDT from Binance to Bank Account in Nigeria

Need to withdraw USDT or any crypto coin from your Binance account to your bank account quickly but do not know how? This post will explain the process

To withdraw USDT from your Binance to a Bank account in Nigeria, use P2P trading. This involves selling your desired amount of USDT to a buyer who would credit your bank account with the money.

Therefore, find out in this post the step-by-step process and other interesting topics

How to Withdraw USDT from Binance to Bank Account

You can withdraw any crypto coins such as USDT, BUSD, Ethereum or Bitcoin from your Binance funding wallet and receive it as money into your bank account in Nigeria.

Follow these steps to withdraw USDT from your Binance to a Nigerian bank account:

  1. Open your Binance account and go to Wallet.
    How to locate Binance wallet on the app
  2. Transfer USDT to the funding wallet
    How to transfer USDT from Spot to Funding on Binance
  3. Next, go P2P Trading and add a Payment Method
    How to add payment method on Binance
  4. Choose USDT, then Sell and use the filter to enter the Amount.
    Enter amount and choose payment method
  5. Select your desired trader from the USDT Sell list
    USDT P2P trading on Binance
  6. Enter the amount and tap Sell
    How to sell USDT and withdraw money on Binance
  7. Lastly, wait for the buyer to transfer the money and tap Payment Received.
    Confirm payment received

Is any of the steps not clear to you? continue reading as I explain further.

How long does it take to Withdraw USDT from Binance to Bank Account

It takes less than 15 mins to receive your money in your bank account when you withdraw USDT. In fact, there is a timer counting down for the buyer to transfer the money quickly and what can cause the delay is a bank network issue. Therefore expect your money fast.

According to Binance, you must confirm the money is in your bank account before tapping the payment button. Do not bow to any pressure to confirm if you have not received it. This is to safeguard you to avoid being scammed.

How to Transfer USDT to Funding Account on Binance

If you want to withdraw your money to a bank account, the first thing is to transfer USDT to your funding wallet such as from the Spot Wallet.

To transfer USDT to Funding on Binance, follow these steps:

  1. Go to Wallet and select Funding.
  2. Select Transfer.
  3. On the Transfer page, switch To to Funding.
  4. Tap From and choose wallet source: Spot, Margin or Futures.
  5. Tap the crypto icon and choose USDT.
  6. Enter the amount or tap Max to transfer all.
  7. Lastly, confirm the transfer.

How to Add Payment Method on Binance

To add your bank account details as the payment method on Binance, follow these steps:

  1. Go to P2P Trading.
  2. Tap the options icon and choose Payment Methods.
  3. Choose your preferred bank from the list
  4. Enter your bank details and confirm it

Recommended Nigerian Banks on Binance

Here are the Nigerian banks recommended by Binance to withdraw money to your account: Access Bank, Ecobank, First Bank of Nigeria, FCMB, GTBank, Keystone Bank, Stanbic Bank, Sterling Bank, Zenith Bank, Keystone Bank, Standard Chartered Bank and Union Bank of Nigeria.

These banks are available as payment method options on P2P trading.

Binance Withdrawal Bank Fee

Binance charges zero fees for withdrawals to a bank account through P2P trading. However, the exchange rate on P2P trading changes every time based on demand and supply. So, the price you sell USDT in exchange for money now will lesser or higher the next time.


In summary, it is quite easy to withdraw USDT crypto from your Binance to any Nigerian account through P2P trading. In the same way, you can fund your account using Binance P2P trading.

I hope you find this information helpful.

Therefore, try it and let me know your experience by leaving a message in the comment section below.

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