How to Withdraw Money from Binance to Wise

Wise (formerly TransferWise) does not support direct cryptocurrency deposits, but you can still transfer your funds in three simple steps:

1️⃣ Sell your crypto for fiat currency (USD, EUR, etc.)
2️⃣ Withdraw the fiat to your bank account
3️⃣ Transfer from your bank to Wise


Step 1: Convert Crypto to Fiat on Binance

Before withdrawing, you must first sell your cryptocurrency for fiat currency that Wise supports (USD, EUR, GBP, etc.).

  1. Log in to Binance and go to “Trade” > “Convert” or “Spot Trading”.
  2. Select the cryptocurrency you want to sell (e.g., USDT to EUR).
  3. Confirm the trade and wait for the fiat balance to appear in your account.

💡 Tip: Stablecoins like USDT, USDC, or BUSD are easier to convert to fiat.


Step 2: Withdraw Money to Your Bank Account

Once you have fiat currency in Binance, you need to withdraw it to your bank.

  1. Go to “Wallet” > “Fiat and Spot” > “Withdraw”.
  2. Select the currency (USD, EUR, etc.) and choose a withdrawal method:
    • SEPA (for EUR, within Europe)
    • SWIFT (for USD, international banks)
    • Local Bank Transfer (depends on your country)
  3. Enter your bank account details and confirm the withdrawal.
  4. Wait 1 to 3 business days for the funds to arrive.

💡 Tip: Some banks may block transfers from Binance. If that happens, try another bank or contact Binance support.


Step 3: Transfer from Your Bank to Wise

Once the money arrives in your bank account, you can send it to Wise.

  1. Log in to Wise and select “Add Funds”.
  2. Enter your bank account details as the source of funds.
  3. Transfer money from your bank to Wise’s provided bank account.
  4. Once Wise receives the money, you can convert it to another currency and send it anywhere.

💡 Tip: Wise offers low conversion fees if you need to exchange currency (e.g., USD to EUR).


Faster Alternative: Binance P2P to Wise

If you want to skip bank withdrawals, use Binance P2P to sell crypto and receive money directly into Wise.

  1. Go to “P2P Trading” in Binance.
  2. Select “Sell” and choose USDT, BUSD, or BTC.
  3. Filter by payment method and select Wise.
  4. Choose a trusted buyer and follow the instructions.

💡 Tip: Always confirm that the buyer sends the payment before releasing the crypto.


🔥 Conclusion

Although Wise doesn’t accept direct Binance withdrawals, you can easily transfer your funds using these methods:

Standard method: Binance → Bank → Wise
Fast method: Binance P2P → Wise

If you need country-specific guidance, let me know where you’re operating from, and I’ll help you find the best option. 🚀

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