Want to convert Binance crypto to cash in your bank account? P2P trading is the main method. sign up for Binance with verification complete, then download the Binance APP.
The Process
Binance doesn't have direct fiat withdrawal. Instead: Crypto → P2P sell → Buyer pays fiat → Money in your bank.
Steps
Step 1: Convert to USDT
Sell other crypto for USDT on the spot market (highest P2P liquidity).
Step 2: Transfer to Funding Account
Move USDT from trading account to funding account.
Step 3: P2P Sell
Buy Crypto > P2P > Sell tab.
Step 4: Choose a Buyer
Compare prices, check ratings and volume, select your preferred payment method.
Step 5: Confirm Order
Enter amount, confirm. USDT is escrowed.
Step 6: Wait and Release
After confirming receipt in your bank app, release the crypto.
Important Notes
Verify Receipt First
Check your actual bank balance — don't rely on screenshots.
Bank Choice
Use your own verified bank account. Major banks process faster.
Transaction Limits
P2P has per-trade limits. For large amounts, split across multiple transactions.
Processing Time
Depends on buyer's transfer method — typically instant to a few hours.
Summary
Withdraw to bank via P2P by selling USDT. Core principle: verify receipt before releasing. Choose reputable buyers. It's simpler than it sounds.