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How To Withdraw Funds From Binance To UAE Bank Account

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Binance is a top crypto exchange for UAE traders. It offers access to straightforward platforms with user-friendly interfaces. Binance supports 50+ digital assets, including crypto and fiat money. The Binance exchange offers many funding options like bank transfers. This article discusses how to withdraw money from Binance to a UAE bank account. 

Step-By-Step Guide On How To Withdraw Funds From Binance To Your UAE Account 

01. Access Your Digital Wallet 

The first step is to access the Binance withdrawal page. Use the upper menu to go to your Wallet. Here you have to choose the Funding Wallet option to transfer money.

02. Select The Currency You Want To Withdraw 

After selecting the Wallet, you have to choose the currency. Most UAE users use USDT. Afterward, click on Transfer from your Binance account. Binance withdrawal times might vary.

03. Transfer Your Funds To The Wallet 

The next step is to select the amount of USDT you want to transfer. The transaction will go from your Spot Wallet to your Funding Wallet. 

04. Use P2P To Sell Your USDT 

Use the same menu to sell your USDT through P2P. Click on the Buy/Sell Option. This will redirect you to the Peer-to-Peer transactions P2P on the Binance platform.

05. Change The Currency 

Click on the Selling Option and search for the preferred currency. Select AED for all payments to withdraw from Binance to an UAE bank account.

06. Select Bank Transfer 

After you switch the currency to AED, you’ll have to choose the Bank Transfer funding option. UAE residents receive cash deposits via bank accounts, Western Union, and Skrill. Other payment methods might be available depending on your location.

07. Choose A Peer 

Search for the best exchange rate for your funds. Select the peers with the highest completion rates for the best results. After you find the right peer, click on Sell USDT. 

08. Choose The Quantity 

Submit the quantity of USDT you want to sell. Use the Set A Payment Method option to initiate the process. 

09. Add A Payment Method 

After selecting the USDT, you will have to add a payment method. UAE traders prefer using bank transfers because of the lower fees. Ensure you submit accurate account details to withdraw money. Bank account information is necessary for transferring funds to a UAE bank account.

10. Finalize The Transaction 

The last step is to finalize the transaction. It usually takes a couple of minutes for the buyer to transfer the money to your account. You’ll receive a notification as soon as the transaction completes. 

Summary 

Withdrawing funds from Binance to UAE bank accounts is straightforward. Account holders have to follow the steps listed above for a user-friendly experience. Check our in-depth reviews to learn more about cryptocurrency exchanges and funding options.   


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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