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How to Deposit & Withdraw via Wire

This article provides instructions to deposit USD using a Wire.

Updated over 3 weeks ago

IMPORTANT: Currently, Wire deposits and withdrawals are only supported for Institutional business clients. More information on Institutional accounts can be found here: Institutional Services

Institutional accounts have the option to transfer money using wire deposits. This article walks Institutional clients through the steps to add a wire payment method, as well as complete both wire deposits and withdrawals.

How to Deposit USD via Wire

  1. Go to your wallet page and click Deposit.

  2. Click Deposit Cash. Carefully review the safety pop-up and acknowledge its contents before clicking Continue.

  3. Enter your deposit amount and select Wire Transfer under Deposit from, then click Review Deposit.

  4. Check the agreement box, then click View Details to continue.

  5. Carefully review the wire deposit instructions and follow the onscreen instructions carefully before initiating a wire transfer from your bank account.

Important: Ensure you enter the correct reference code in the bank message when making the wire, this is what will be used to match your deposit.

How to Add a Wire Account as a Payment Method

Before you can withdraw funds via wire, you'll need to register your bank details by adding a new Wire Account to your payment methods.

  1. Sign in to your Binance.US account and navigate to the top right corner. Select Payment Methods from the dropdown menu.

  2. Click the Add Payment Method button on the right.

  3. Select Wire transfer to continue and agree to the Terms of Use if you are adding a wire transfer payment method for the first time.

  4. Enter your bank details (your bank’s address, bank account number, and wire routing number) and your personal address. then click Next to proceed.

  5. Navigate back to the Link Payment Method page. You may see a pending status on your wire account in linked payment methods.

  6. Once approved, the pending status will disappear and you will be able to complete your first wire withdrawal.

Please ensure you enter your Wire Routing Number. If you are unsure of this number, please contact your bank to confirm.

How to Withdraw USD via Wire

Note: Make sure you have a minimum balance of $100 USD

  1. Navigate to your wallet and click Withdraw.

  2. Select Withdraw Cash

  3. Select the bank account that you want to withdraw to.

  4. Confirm the Wire Withdrawal.

  5. Complete two-factor authentication to confirm your withdrawal

  6. Your withdrawal request will now be pending.

  7. Navigate to your email inbox. You will receive an email to approve the withdrawal. Please reply to the email with Approve.

Frequently Asked Questions

  • How long do wire transfers take? Deposits and withdrawals typically take 1 to 3 business days to process. Note: Banks do not process wires on weekends or holidays.

  • What are the fees associated with wire transfers?

    • Deposits: $0 (Though your bank may charge an outgoing wire fee)

    • Withdraw: $25

  • What happens if I forget to include my Reference Code? Your wire will be rejected and returned to the sending bank account.

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