How To Withdraw Funds From Binance Australia: A Useful Guide In 2025

Last updated: 06/12/2025 17:47

Binance is undoubtedly a popular choice among many Australian traders and investors, as it offers seamless and fee-free deposit methods alongside a wide array of cryptocurrency assets on a modern platform. However, in May 2023, Binance ceased accepting withdrawals in Australia’s native currency, the AUD. This development quickly sparked panic among users due to the unavailability of the Australian Dollar on Binance.

For those who already hold coins on Binance or prefer using it for trading, this change means that the withdrawal process has become somewhat more complicated (and costly) than before. Nevertheless, there is no need for concern; withdrawing your holdings from Binance back into AUD remains relatively straightforward. In this article, we will introduce four useful ways for withdrawing funds from Binance Australia, thus providing a useful guide for Australian investors.

BTCC, one of the longest-running crypto exchanges in the world, supports crypto demo trading, crypto copy trading, crypto spot trading for 240+ crypto pairs, as well as crypto futures trading for 360+ crypto pairs with a leverage of up to 500Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

How To Withdraw Money From Binance Australia: A Complete Guide in 2025

If you already have an account in Binance Australia and want to withdraw your fund, there are thour options available: sell your crypto via Binance Peer-to-Peer (P2P) marketplace, move your crypto to another Australian exchange, withdraw to another wallet and keep funds on Binance. Next, we will give a detail guidance about this four useful methods.

Sell your Crypto via Binance Peer-to-Peer (P2P) Marketplace

One of the most accessible ways to withdraw funds on Binance Australia is through its Peer-to-Peer (P2P) marketplace. This platform allows users to sell cryptocurrency directly to other users in exchange for fiat currency such as AUD, using various payment methods.

Here’s a step-by-step guide on how to use Binance P2P for withdrawals:

1. Log In and Access the P2P Marketplace

First, log in to your Binance account. From the homepage, navigate to the ‘Trade’ dropdown menu and select ‘P2P’ to enter the peer-to-peer trading section.

2. Select the Cryptocurrency and Fiat Currency

Once on the P2P page, click the ‘Sell’ tab to view available buyers. Then, choose the cryptocurrency you want to convert to fiat. Binance P2P currently supports several popular tokens, including USDT, BTC, USDC, FDUSD, BNB, ETH, SHIB, and ADA.

Next, use the drop-down menu to select your desired fiat currency—AUD in this case. Binance supports a wide range of fiat currencies, including major ones such as USD, AUD, GBP, CAD, and EUR.

Withdraw Money From Binance Australia via P2P

3. Choose a Verified Merchant

Browse the list of verified vendors and select one based on your preferences. Pay close attention to the available withdrawal methods such as bank transfers, PayID, OSKO, or cash deposits.

Here are key factors to consider when choosing a vendor:

Reputation & Ratings: Choose a merchant with a high feedback score backed by a significant number of completed transactions.
Verification Status: Ensure the vendor has completed Binance’s identity verification process (email, phone, ID, and address verification).
Trade Limits: Confirm the vendor’s minimum and maximum trade limits align with your intended transaction volume.
Payment Timeframe: Check the vendor’s payment window and average release time to ensure timely transfers.

4. Place Your Order

Once you’ve selected a suitable vendor, choose your preferred payment method and enter the amount of cryptocurrency you wish to sell.

After submitting the order, Binance will escrow your crypto—meaning the platform temporarily holds the funds until the buyer completes the fiat transfer to your nominated payment account.

Only once you confirm receipt of the payment should you release the crypto to the buyer.

Select the payment method

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

Move your Crypto to Another Australian exchange

The second way is move your crypto from Binance to another Australian exchange—such as BTCC or CoinSpot. The process is straightforward and similar to sending crypto from one wallet to another. After the transfer, you can choose to hold your assets on the new platform or sell them for AUD and withdraw to your bank account.

Here’s a step-by-step guide to help you through the process:

Step 1: Go to the Assets Page on Binance

Log into your Binance account and navigate to the “Assets” section located on the left-hand menu. Here, you’ll find a complete overview of your portfolio, including all cryptocurrency and fiat balances.

Step 2: Convert AUD to a Stablecoin (If Necessary)

If you’re holding AUD in your Binance account, you’ll need to convert it into a cryptocurrency before initiating a transfer. A common choice is a stablecoin like USDT, which minimizes price volatility. Swapping AUD to USDT allows you to avoid exposure to market fluctuations and only incur standard trading fees.

Step 3: Retrieve the Deposit Address from the Receiving Exchange

Log into your account on the receiving Australian exchange (e.g., Swyftx). On the new exchange, head over to the wallets (or similar) tab and find the unique wallet address for the crypto you want to withdraw. Copy the deposit address for the new exchange and take note of its network. You must send the cryptocurrency across the correct network, or you may lose your funds permanently.

Step 4: Initiate the Withdrawal on Binance

Return to Binance and go to the “Withdraw” section. Find the cryptocurrency you wish to transfer and click “Withdraw” next to it. This will bring up a page with two boxes – “Address” and “Network”.

On the withdrawal page:

Paste the deposit address you copied from the receiving exchange.
Select the correct blockchain network to match the one supported by the recipient exchange.
Enter the amount you wish to transfer (be sure to factor in network fees).
Click the yellow “Withdraw” button to proceed.

Step 5: Complete Verification and Confirm the Transaction

To finalize the withdrawal, Binance will prompt you to complete a security verification. This typically involves:

Email confirmation
Google Authenticator code (or other 2FA)

Take this opportunity to double-check the destination address and network before confirming.

Step 6: Monitor the Withdrawal Status

Once confirmed, the transaction should be processed and completed within a few minutes, although transfer times can vary depending on network congestion and the specific cryptocurrency being sent.

You can track the progress in the “Transaction History” or “Withdrawal History” section on Binance.

Final Note

Transferring crypto between exchanges is safe and efficient when done carefully. Always verify network compatibility, use accurate wallet addresses, and maintain robust security practices to avoid errors or losses.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

Withdraw your Crypto to a Wallet

Another option for withdrawing your cryptocurrency is to transfer it to a self-custodial wallet. Self-custody is a fundamental principle of cryptocurrency ownership. It means storing your digital assets in a wallet where only you control the private keys—essentially, a highly secure form of a password that grants full access to your funds.

Withdrawing your crypto to a self-custodial wallet is especially recommended for investors with long-term financial goals or those who prioritize security and full ownership of their assets. By taking custody of your own funds, you remove reliance on centralized exchanges and reduce risks such as platform outages, hacks, or withdrawal restrictions.

Transferring funds from Binance Australia to a self-custodial wallet follows almost the exact same steps outlined in the previous “move your crypto to another Australian exchange” section.

Keep Funds on Binance

If you plan to store your cryptocurrency long-term, then it’s generally advisable to move it to a self-custodial wallet. However, Keeping your funds on Binance is a viable option, especially if you plan to actively trade cryptocurrencies. There are no restrictions on Aussies swapping digital currencies – it’s only AUD-related activities that have been affected.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

Conclusion

In conclusion, if you want to withdraw your fund from Binance Australia, there are four options available: sell your crypto via Binance Peer-to-Peer (P2P) marketplace, move your crypto to another Australian exchange, withdraw to another wallet and keep funds on Binance.

However, it’s important to be aware that Binance is facing regulatory scrutiny in the US and several other regions, which could potentially disrupt its services in the future. Additionally, it’s crucial to remember that no exchange is completely immune to security breaches, whether due to hacking or human error.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

Why Choose BTCC?

Fully licensed and regulated in the U.S., Canada, and Europe, BTCC is a well-known cryptocurrency exchange, boasting an impeccable security track record since its establishment in 2011, with zero reported hacks or breaches. BTCC platform provides a diverse range of trading features, including demo trading, crypto copy trading, spot trading, as well as crypto futures trading with a leverage of up to 500x. If you want to engage in cryptocurrency trading, you can start by signing up for BTCC.

BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

Industry-leading security
High Liquidity & Volume
Extremely low fees
High and rich bonus
Excellent customer service
＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now