What's the cheapest way to withdraw different crypto currencies from Binance?

shasan

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Quote from: Turbolantern on November 17, 2021, 02:34:45 AM

If you're not verified on Biance and you have different coins in it, what's the cheapest way to withdraw them all? And tips and tricks?

Since they've disabled trading for unverified users, it's not possible to convert the coins to btc and withdraw them (or is it?). So what would be the most cost effictive way to withdraw the coins, and would the fees of that way be equivalent to how much it would have been had you converted your coins to btc and withdrew?

If there is no way to trade then why you are searching for the cheapest way. There should have no alternative option for you. You should withdraw each currency by accepting fees of each coin. But if the amount is too small to withdraw then there might have option to convert small amount into BNB.

cabron

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You can withdraw the tokens as is if you don't want to submit the KYC since they don't allow you to trade when you are not submitting KYC data. Getting out of binance is hard because it's the only exchange that has listed good tokens, you likely won't find some tokens on other exchanges and if you do, they also ask for KYC. That leave you few options. I say if the tokens are found on DEX, withdraw it or just submit the necessary to stay on binance.

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You will have access to the platform, but only to withdraw page. Also, all of your open orders will be immediately closed. So, trading is not possible.
Probably the cheapest and the only way to withdraw your coins from Binance is to move them to another Binance (verified) account. Internal transfers (between two Binance accounts) are mostly without fees. then (verified) owner can convert it all into one currency and (withdraw) send it to you.

OP, which coins exactly do you have there, and how much is worth it? I mean, is it worth the effort?

Quote from: hugeblack on November 17, 2021, 03:17:56 AM

If ypu have unverified account you can withdrawal up to 0.06 or. 05 BTC per day and they have high withdrawal fees for bitcoin so if you have bitcoin try to withdrawal it using BSC.
You can send you coins to any other trusted verifed account then he can withdrawal it for you.
Any way try to out your coins as fast as possilbe.

What if he had $60 in BTC, $80 in ETH and similar amounts in some other coins where the fee is high? more than half will be spent on the withdrawal fee, don't forget that he is also forbidden to trade, so he can't exchange everything into one currency.
not so much haste, this will probably be available to him for some time. (in months)

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Quote from: Turbolantern on November 17, 2021, 02:34:45 AM

If you're not verified on Biance and you have different coins in it, what's the cheapest way to withdraw them all? And tips and tricks?

Since they've disabled trading for unverified users, it's not possible to convert the coins to btc and withdraw them (or is it?). So what would be the most cost effictive way to withdraw the coins, and would the fees of that way be equivalent to how much it would have been had you converted your coins to btc and withdrew?

Are you sure you can't trade on unverified accounts? Have you tried to exchange your coins using the "Convert" option https://www.binance.com/en/convert? If it doesn't work either, the only option left is to withdraw coins one by one paying standard commissions. On the account I registered a couple of months ago for testing purposes, it still says my withdrawal limit is 2BTC a day. So if you have a lot of money sitting on Binance, you can withdraw them relatively quickly. Anyway, you should have thought about that earlier if you weren't planning to ever get verified.

hugeblack

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If ypu have unverified account you can withdrawal up to 0.06 or. 05 BTC per day and they have high withdrawal fees for bitcoin so if you have bitcoin try to withdrawal it using BSC.
You can send you coins to any other trusted verifed account then he can withdrawal it for you.
Any way try to out your coins as fast as possilbe.

dimonstration

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Quote from: Little Mouse on November 17, 2021, 02:40:00 AM

Do they allow to withdraw without verification? I don’t know as I have got my Binance verified recently. Which coins are you holding at the moment? BTC transaction fee is 0.0005 BTC if I'm correct and that's $30. Do they charge higher fee on ERC20 token withdraw? It would be good if you share what you are holding there.

And please move the thread to service discussion.

They have flat rate on all there withdrawal fee but withdraw fee on ERC20 is a bit cheaper compared to Bitcoin since they only charge 20$ to 25$ on all ERC20 tokens.

The only answer to OP question is to submit KYC. IIRC the only limitation for unverified user except US and China residence are the limitation on the amount that they can trade/withdraw/deposit daily. Some of my friend still using the exchange without verification process.

abhibtccc

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Quote from: Turbolantern on November 17, 2021, 02:34:45 AM

If you're not verified on Biance and you have different coins in it, what's the cheapest way to withdraw them all? And tips and tricks?

Since they've disabled trading for unverified users, it's not possible to convert the coins to btc and withdraw them (or is it?). So what would be the most cost effictive way to withdraw the coins, and would the fees of that way be equivalent to how much it would have been had you converted your coins to btc and withdrew?

I simply got verified else withdrawals were blocked for me. I have seen that exchanges use this tactics : For first time they deny verification and later on they accept when you verify for second time.

Little Mouse

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Do they allow to withdraw without verification? I don’t know as I have got my Binance verified recently. Which coins are you holding at the moment? BTC transaction fee is 0.0005 BTC if I'm correct and that's $30. Do they charge higher fee on ERC20 token withdraw? It would be good if you share what you are holding there.

And please move the thread to service discussion.

Oshosondy

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I was unable to know about this because I have no coin on binance, when the message was sent to me, I just ignored it because I have no coins on the exchange. But know that you will not be able to trade to altcoins or from one coin to another if your account is restricted already.

I also heard that you will even verify before you will be able to withdraw, I don't know how true this is but I know that you can not trade from one coins to another unless you get verified.

Turbolantern

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If you're not verified on Biance and you have different coins in it, what's the cheapest way to withdraw them all? And tips and tricks?

Since they've disabled trading for unverified users, it's not possible to convert the coins to btc and withdraw them (or is it?). So what would be the most cost effictive way to withdraw the coins, and would the fees of that way be equivalent to how much it would have been had you converted your coins to btc and withdrew?

Topic: What's the cheapest way to withdraw different crypto currencies from Binance? (Read 130 times)