How to Withdraw Money from Binance in UAE

How to Withdraw Money from Binance in UAE

Step-by-Step Guide to Withdrawing Money from Binance in the UAE

Binance is a globally recognized cryptocurrency exchange and is a popular choice among traders in the UAE due to its user-friendly platform and support for a wide range of digital and fiat currencies. However, many users in the UAE often find themselves unsure about how to withdraw their funds from Binance to their local bank accounts. This article provides a comprehensive, step-by-step guide to facilitate this process.

Detailed Steps for Withdrawing Money from Binance in the UAE

1. Access Your Binance Wallet

Start by logging in to your Binance account. Navigate to your Wallet using the upper menu and select the ‘Funding Wallet’ to initiate the withdrawal process.

2. Select Your Currency

In the Wallet section, choose the currency you wish to withdraw. Many UAE users commonly choose USDT (Tether). Transfer the desired amount from your Binance Spot Wallet to your Funding Wallet.

3. Initiate the Transfer

Specify the amount of USDT you want to transfer. Confirm the transaction to move the funds into your Funding Wallet.

4. Use P2P for Selling USDT

Navigate to the ‘Buy/Sell’ option in the menu to access Binance’s Peer-to-Peer (P2P) platform.

5. Change to AED Currency

In the Selling section, change the currency to AED (United Arab Emirates Dirham) for withdrawals to UAE bank accounts.

6. Select Bank Transfer as Payment Method

Choose ‘Bank Transfer’ as your preferred funding option. Residents in the UAE can also use other methods such as Western Union or Skrill, depending on availability and preference.

7. Find the Right Peer

Look for peers offering favorable exchange rates. Pay attention to their completion rates to ensure a smooth transaction. Once you find a suitable peer, proceed to sell your USDT.

8. Enter the Amount to Sell

Specify the quantity of USDT you wish to sell and select a payment method to initiate the transfer process.

9. Add Your Payment Details

Accurately input your bank account details. This step is crucial for successfully transferring the funds to your UAE bank account.

10. Complete the Transaction

Finalize the sale. The transaction might take a few minutes to process, and you will be notified once the funds are transferred to your account.


Withdrawing funds from Binance to a UAE bank account is a straightforward process when following these steps. Ensure all details, especially bank account information, are entered correctly to avoid any issues with the transfer. For further information on cryptocurrency exchanges and withdrawal methods, explore detailed reviews and guides.