Binance has a very user-friendly wallet. As you probably know, Binance already allows users to make large deposits and withdrawals via various ways – European SEPA Bank Transfers, Bank Wire Transfers, Cryptocurrency Exchange. However as the price of Bitcoin and other cryptocurrencies increases, that process is becoming more complicate as well as expensive.
The simplest way that majority of people who want to move funds from their Binance Account back into US Dollars is by making use of USDT (USDT). This became popular since it helped many investors fund their exchange accounts without any trouble at all and with the major benefits offered by Binance’s 24/7 customer service team. You can easily withdraw your funds through your USDT Deposit(current) Account which will be credited instantly in your BTC Wallet for example. On the other hand we can say you have made a bank deposit but you still need to wait until it arrives on Coinbase or any associated exchanges like GDAX/Bitfinex etc before converting it for your local currency. The problem here is it takes 3-6 business days time frame depending on different factors such as the volume of transfers and transfer location; So if you want money fast, this method doesn’t work out too well because sometimes there might be huge delays involved. To avoid those problems like customers may not be able to withdraw their tokens fast enough due to overwhelming response these methods should be used only when needed and not let’s