Have you recently withdrawn money or a cryptocurrency to Binance?
Or your Binance withdrawal not working?
If you have done so, you may be wondering how long a withdrawal on Binance takes.
Withdrawals on cryptocurrency exchanges are different: some are instantaneous, while others take some time.
This depends on the infrastructure of the exchange.
Each time you make a withdrawal, you will receive a confirmation email.
After that, the cryptocurrency exchange will start processing your request.
Start on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as your reference code.
In this guide, you will learn how long a Binance withdrawal takes, why your Binance withdrawal is stuck during processing, and more.
How long does a Binance withdrawal take?
A binance withdrawal will usually take between 30 and 60 minutes to complete.
Each time you make a withdrawal, a TxID (Transaction ID) will be generated, showing that Binance transmitted the withdrawal transaction.
However, the transaction may be delayed depending on the number of network confirmations required.
Some blockchains require a larger number of network confirmations, which will delay the withdrawal.
To check the withdrawal status on Binance, you need to go to Binance’s transaction history page.
Once you are on the page, you will be able to see the status of your deposits and withdrawals.
There are two statuses, including “Processing” and “Completed”.
If your withdrawal is the status is “Processing”, it means that you have to keep waiting.
On the other hand, if your withdrawal status is “Completed”, it means that your transaction has been completed.
Why is my Binance withdrawal blocked during processing?
Binance pickup is blocked during processing due to a large number of required network confirmations or due to network congestion.
Also, if 30 to 60 minutes have not passed, the TxID (Transaction ID) may not be generated yet.
Then, you need to wait an hour before the withdrawal can be completed.
Some blockchains require more network confirmations, while others require fewer network confirmations.
In addition, Bitcoin network problems are common, there is a chance that you can deal with it.
In fact, there are a lot of unconfirmed Bitcoin transactions, which will take a long time for improvements to be made.
Sometimes, it can take up to two full days for the network to be confirmed.
Why can’t I withdraw from Binance?
You cannot withdraw from Binance due to a system update alert or you have recently changed your password.
Sometimes, the withdrawal problem may come from the end of Binance and not yours.
In that case, you should contact Binance Support for assistance.
First, if there is an ongoing system update, withdrawals and deposits will be temporarily disabled on the exchange.
Binance will announce system updates on its “Binance Customer Support” Twitter account.
You can also check their listing page for them.
The announcement page will provide the duration of the system update and other information.
Withdrawals will be disabled until the system update is complete.
System updates can take anywhere from 30 minutes to 24 hours, so be sure to check Binance’s announcement page for more information.
Also, if you recently changed or reset your Binance password, you won’t be able to make withdrawals or deposits for 24 hours.
This is due to a security measure on the exchange.
What should I do if my Binance withdrawal has not arrived?
If your Binance withdrawal has not arrived, you can continue to wait or contact Binance Support for assistance.
In some cases, you may have to wait a longer period of time for the withdrawal to arrive due to network issues.
So, it is highly recommended to stay patient and wait for the arrival of the withdrawal.
If your withdrawal did not arrive after 6 hours or more, you can contact Binance Support for assistance.
However, if your withdrawal did not arrive after 10-20 minutes, you should keep waiting.
To contact Binance Support, you need to visit the Binance website and log in to your account.
Then, click the chat icon to open a live chat.
In the live chat, select “Crypto Withdrawal” followed by “Crypto Withdrawal Not Arrived”.
If your Binance withdrawal to your bank account has not arrived, you can select “How to Check Deposit and Withdrawal History” instead.
Conclusion
If you are withdrawing cryptocurrency from Binance, you must be ready to wait a long period of time before it arrives.
This is inevitable as low transaction speeds are common.
On the other hand, if you are withdrawing money from Binance to your bank, you can use “Instant Card Withdrawals”.
If you are using an instant card withdrawal on Binance to your bank, the withdrawal will typically be completed in 5 minutes.
In rare cases, it may take up to 24 hours to complete.