Binance Selling Stablecoins Complete Guide: From Trading to Bank Withdrawal

Learn how to sell stablecoins through Binance exchange and withdraw to bank accounts, understanding the complete operation process, fee structure, and best practices.

What is Binance?

Binance is the world's largest cryptocurrency exchange, founded in 2017, providing trading services for over 600 cryptocurrencies. Binance supports buying, selling, and withdrawing multiple stablecoins and is one of the most commonly used exchanges by global users.

Key Features:

• ✅ World's Largest: Number one in trading volume and user base globally
• ✅ Multiple Stablecoin Support: USDT, USDC, BUSD, DAI, and more
• ✅ Low Trading Fees: 0.1% spot trading fees (lower for VIP users)
• ✅ Multi-chain Support: Supports multiple blockchain networks
• ✅ Multiple Withdrawal Methods: Bank transfer, credit card, P2P, etc.
• ✅ Global Support: Supports users from multiple countries and regions

Target Audience

Suitable for:

• Users who need large-scale trading
• Users who need multiple stablecoin support
• Users who need low trading fees
• Global users (supports multiple countries/regions)
• Users who need professional trading tools

Not suitable for:

• Users who need complete decentralization
• Users who want to avoid KYC (large trades require KYC)
• New users who only need simple interface (recommended to use Binance Lite)

Pre-sale Preparation

1. Register Binance Account

Required:

• Valid email address or phone number
• Identity documents (for KYC)
• Payment account (bank account, credit card, etc., for withdrawal)

Registration Steps:

1. Visit Binance Official Website
2. Click "Register"
3. Enter email or phone number
4. Set password
5. Complete email or phone verification
6. Complete registration

2. Complete Identity Verification (KYC)

Verification Levels:

• Basic Verification: Can start trading, but limits are low
• Intermediate Verification: Increased trading and withdrawal limits
• Advanced Verification: Highest limits, supports large trades

Verification Steps:

1. Go to "User Center" → "Identification"
2. Select verification level
3. Upload identity documents (ID card, passport, etc.)
4. Complete facial recognition
5. Wait for review (usually minutes to hours)

3. Connect Payment Methods

Supported Payment Methods:

• Bank Account: Supports multiple countries/regions
• Credit/Debit Card: Visa, Mastercard
• SEPA: For European users
• SWIFT: International transfer
• Other Payment Methods: Varies by region

Steps to Connect Payment Method:

1. Go to "Buy Crypto" → "Bank Transfer"
2. Select your country/region
3. Select bank or payment service provider
4. Follow prompts to complete connection
5. Complete verification (may require small amount verification)

4. Prepare Stablecoins

Supported Stablecoins:

• USDT (Tether)
• USDC (USD Coin)
• BUSD (Binance USD, discontinued)
• DAI
• Other supported stablecoins

Steps to Deposit Stablecoins:

1. Go to "Wallet" → "Fiat and Spot"
2. Select stablecoin to deposit (e.g., USDT)
3. Click "Deposit"
4. Select network (recommended to use low-fee networks like BSC, TRC20)
5. Copy address or scan QR code
6. Transfer from wallet to this address
7. Wait for confirmation (usually minutes)

Detailed Selling Process

Step 1: Log In to Account

1. Visit Binance Official Website
2. Click "Log In"
3. Enter email/phone and password
4. Complete two-factor authentication (if enabled)

Step 2: Access Trading Page

1. Select Trading Interface:

   • Binance Lite: Suitable for beginners, simple interface
   • Binance Classic: Standard trading interface
   • Binance Advanced: Advanced trading interface, more features

2. Navigate to Trading Page:

   • Click top "Trade" menu
   • Select "Convert" or "Spot"

Step 3: Choose Trading Method

Method 1: Quick Conversion (Recommended for Beginners)

1. Access Conversion Page:

   • Click "Trade" → "Convert"
   • Or directly access conversion page

2. Select Trading Pair:

   • Select stablecoin in "From" (e.g., USDT)
   • Select fiat currency in "To" (e.g., USD, EUR)
   • Or select other cryptocurrency

3. Enter Amount:

   • Enter amount of stablecoin to sell
   • Or enter amount to receive
   • System will calculate automatically

4. Confirm Transaction:

   • Review transaction details (amount, price, fees)
   • Click "Preview Conversion"
   • Click "Confirm" after verification

Method 2: Spot Trading (Recommended for Experienced Users)

1. Access Spot Trading Page:

   • Click "Trade" → "Spot"
   • Or directly access spot trading page

2. Select Trading Pair:

   • Enter in trading pair search box (e.g., USDT/USD)
   • Or select from trading pair list

3. Choose Order Type:

   • Market Order: Execute immediately at current market price
   • Limit Order: Set target price, execute when price is reached
   • Stop-loss Order: Execute when stop-loss price is reached

4. Enter Trading Parameters:

   • Amount: Enter amount of stablecoin to sell
   • Price: Limit orders need to set price
   • Total: Calculated automatically by system

5. Confirm Order:

   • Review order summary
   • Confirm fees
   • Click "Sell USDT" or corresponding button

6. Wait for Execution:

   • Market orders usually execute immediately
   • Limit orders need to wait for price to reach set value
   • Can check status in "Orders" page

Step 4: Check Balance

1. Access Wallet Page:

   • Click "Wallet" → "Fiat and Spot"
   • View fiat balance (e.g., USD, EUR)

2. Confirm Receipt:

   • Fiat balance should be updated
   • Can check transaction history to confirm

Withdraw to Bank Account

Step 1: Access Withdrawal Page

1. Click "Wallet" → "Fiat and Spot"
2. Click "Withdraw"
3. Select "Fiat"

Step 2: Choose Withdrawal Method

1. Select Fiat Type:

   • Select fiat currency to withdraw (e.g., USD, EUR, CNY)

2. Choose Withdrawal Method:

   • Bank Transfer: Direct transfer to bank account
   • SEPA: For European users (EUR)
   • SWIFT: International transfer
   • Other Methods: Varies by region

3. Add Recipient Account (if needed):

   • If not added, need to add bank account first
   • Enter bank account information
   • Complete verification

Step 3: Enter Withdrawal Amount

1. Enter Amount:

   • Enter fiat amount to withdraw
   • Check available withdrawal balance
   • Check minimum and maximum limits

2. Review Withdrawal Information:

   • Withdrawal amount
   • Withdrawal fees
   • Estimated arrival time
   • Receiving bank account

Step 4: Confirm Withdrawal

1. Review Withdrawal Summary:

   • Withdrawal amount
   • Fee details
   • Estimated receiving amount
   • Estimated arrival time

2. Confirm Withdrawal:

   • Check all information is correct
   • Confirm bank account information is correct
   • Complete security verification (2FA, email verification, etc.)
   • Click "Submit"

3. Wait for Arrival:

   • Bank transfers usually take 1-5 business days
   • SEPA transfers usually take 1-3 business days
   • SWIFT transfers usually take 3-7 business days
   • Will receive email notification

Fee Explanation

Trading Fees

Binance Spot Trading Fees:

• Standard Users: 0.1% trading fee (0.1% for both buyer and seller)
• VIP Users: Lower fees based on trading volume and BNB holdings (minimum 0.02%)
• Pay with BNB: Enjoy 25% discount

Fee Examples:

• Selling $10,000 USDT:
  • Standard user: $10 trading fee
  • VIP 1 user: $8 trading fee (paying with BNB)
  • VIP 9 user: $2 trading fee

Withdrawal Fees

Fiat Withdrawal Fees:

• Bank Transfer: Usually free or very low (depends on region)
• SEPA: Usually free
• SWIFT: May have fees (approximately $15-50)
• Other Methods: Fees vary by method

Cryptocurrency Withdrawal Fees:

• Network Fees: Depends on blockchain network
• BSC (BEP20): Very low fees (< $0.1)
• ERC20: Higher fees ($5-50+)
• Other Networks: Fees vary by network

Network Fees

Stablecoin Deposits:

• BSC (BEP20): Very low fees (< $0.1), recommended
• TRC20: Very low fees (< $0.1)
• ERC20: Higher fees ($5-50+)
• Polygon: Very low fees (< $0.01)
• Other Layer 2: Usually low fees

Recommendation: Use BSC or TRC20 networks to deposit stablecoins, which can significantly reduce network fees.

Limit Explanation

Trading Limits

Binance Trading Limits:

• Basic Verification: Usually $50,000/day
• Intermediate Verification: Usually $200,000/day
• Advanced Verification: Usually $2,000,000+/day

How to Increase Limits:

1. Complete higher level of identity verification
2. Increase trading volume and frequency
3. Contact customer service to apply for limit increase

Withdrawal Limits

Fiat Withdrawal Limits:

• Basic Verification: Usually $5,000/day
• Intermediate Verification: Usually $50,000/day
• Advanced Verification: Usually $200,000+/day

Cryptocurrency Withdrawal Limits:

• Depends on verification level and currency
• Usually have daily and monthly limits

How to Check Limits:

1. Go to "User Center"
2. Check "Limits" section
3. View current limits and available quota

Security Tips

Account Security

1. Enable Two-Factor Authentication (2FA):

   • Use Google Authenticator or Binance Authenticator
   • Don't use SMS 2FA (lower security)
   • Regularly check security settings

2. Use Strong Passwords:

   • At least 12 characters
   • Include uppercase and lowercase letters, numbers, and special characters
   • Don't reuse passwords

3. Enable Withdrawal Whitelist:

   • Enable withdrawal whitelist in security settings
   • Only allow withdrawals to verified addresses
   • Improve account security

4. Beware of Phishing Sites:

   • Always access Binance from official website
   • Check if URL is correct (binance.com)
   • Don't click suspicious links

Trading Security

1. Verify Transaction Details:

   • Carefully check transaction amount
   • Confirm trading pair is correct
   • Check if fees are reasonable

2. Test Small Amounts:

   • Recommend small test for first withdrawal
   • Confirm bank account information is correct
   • Verify receipt before large operations

3. Keep Transaction Records:

   • Save all transaction confirmation emails
   • Screenshot transaction details
   • Use for tax and dispute resolution

Frequently Asked Questions

Q: Which stablecoins does Binance support?

A: Binance supports multiple stablecoins, including USDT, USDC, BUSD, DAI, etc. For specific supported stablecoins, please check Binance official website.

Q: How long does it take to sell stablecoins?

A: Trading usually executes immediately (market orders). Withdrawal to bank accounts usually takes 1-5 business days, depending on withdrawal method.

Q: What are Binance trading fees?

A: Standard users have 0.1% spot trading fees. VIP users can get lower fees based on trading volume and BNB holdings (minimum 0.02%). Paying with BNB can enjoy 25% discount.

Q: Can I withdraw to any bank account?

A: Binance supports withdrawal to bank accounts in multiple countries/regions. For specific supported banks and regions, please check Binance official website. Supported withdrawal methods may vary by region.

Q: What if withdrawal fails?

A: If withdrawal fails:

1. Check if bank account information is correct
2. Confirm account has sufficient balance
3. Check if withdrawal limits are exceeded
4. Contact Binance customer service for help

Q: Is Binance safe?

A: Binance is the world's largest exchange with high security:

• Uses cold wallets to store most assets
• Has comprehensive security measures
• Provides SAFU fund to protect user assets
• But any centralized exchange has certain risks

Q: How to use BNB to reduce trading fees?

A: You can:

1. Hold BNB in your account
2. Enable "Use BNB to pay for fees" in trading settings
3. Enjoy 25% trading fee discount

Q: Can I use multiple trading interfaces at the same time?

A: Yes. Binance provides multiple trading interfaces:

• Binance Lite: Suitable for beginners
• Binance Classic: Standard interface
• Binance Advanced: Advanced interface
• Can switch as needed

Related Resources

Binance Official Resources

• Binance Official Website
• Binance Help Center
• Binance Fee Explanation
• Binance Security Center
• Binance Blog

Community and Support

• Binance Customer Service
• Binance Twitter
• Binance Telegram
• Binance Reddit

Other Resources

• Buying Stablecoins Guide - Learn how to buy stablecoins
• Stablecoin Redemption Guide - Learn how to redeem stablecoins
• Binance P2P Selling Guide - Learn to sell via P2P
• Coinbase Selling Guide - Learn to sell via Coinbase

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Ready to start selling stablecoins? Visit Binance to start your trading journey!