How to Withdraw from Binance to Alipay -- Step by Step?
Can You Send Binance Funds Directly to Alipay?
After making some money on Binance, the first thought for many is: "How do I get this into my Alipay?" The answer is yes, you can -- but it's not as simple as pressing a "Withdraw to Alipay" button. You'll need to sell your crypto to a merchant through P2P (C2C trading), and the merchant transfers CNY to your Alipay.
If you don't have a Binance account yet, Binance official site for trading fee discounts. Android users can download the APK directly.
Complete Step-by-Step Process
Step 1: Make Sure Your Binance Account Has Completed KYC
P2P trading requires identity verification. If you haven't done it yet, go to your profile and complete the process -- typically uploading your ID and doing facial recognition.
Step 2: Convert Other Coins to USDT First
Most P2P merchants only accept USDT. If you're holding BTC, ETH, or other coins, swap them for USDT first using Convert or the spot market.
Path: Open Binance App -> Tap "Trade" at the bottom -> Select "Convert" -> Choose the trading pair -> Enter amount -> Confirm.
Step 3: Go to the P2P Sell Page
Path: App home -> Tap "More" -> Find "P2P Trading" -> Switch to the "Sell" tab -> Select USDT -> Set fiat currency to CNY.
The page will show multiple merchants and their quotes.
Step 4: Filter for Merchants That Accept Alipay
This is the key step. Not all P2P merchants accept Alipay. Use the filter to select "Alipay" as the payment method, so only Alipay-compatible merchants appear.
When choosing a merchant, check:
- Trade count: Prefer merchants with high transaction volume -- it indicates reliability
- Completion rate: 95% or above is solid
- Price: Compare a few merchants and pick the higher offer (since you're selling, a higher price means more CNY for you)
Step 5: Place the Order and Wait for Payment
After selecting a merchant, enter the amount of USDT you want to sell (or the CNY amount you want to receive) and tap "Sell USDT." The system creates an order and temporarily locks your USDT in escrow.
Now wait for the merchant to send the payment to your Alipay. Merchants typically complete payment within 5 to 15 minutes after seeing the order.
Step 6: Confirm Receipt and Release
This is critical: You must open Alipay and verify that the money has actually arrived before tapping "Confirm Release." Don't rely solely on SMS notifications, as fake SMS scams exist. Open the Alipay app, check your balance or transaction history, and confirm the exact amount before releasing.
After you release, your locked USDT transfers to the merchant, completing the trade.
Important Things to Watch Out For
- Transfer notes: The merchant may ask you not to write any memo, or to write a specific one. Follow their instructions -- random notes can trigger bank risk controls.
- Name consistency: Your Binance KYC name and Alipay name must be the same person. Otherwise, the merchant may refuse the trade.
- Don't accept third-party payments: If the payer isn't the merchant themselves, do not confirm release. File a dispute instead.
- Card freezing risk: While uncommon, frequent large P2P transactions can trigger bank risk controls. Avoid doing this too often, and keep individual amounts reasonable.
How Long Does It Take?
From tapping "Sell" to money arriving in Alipay, it typically takes 10 to 20 minutes. Slower merchants might take up to 30 minutes. If the merchant doesn't pay within the time limit, the order automatically cancels and your USDT is unlocked.
Key Takeaways
The core flow for cashing out from Binance to Alipay is: convert your crypto to USDT, sell to a P2P merchant, and the merchant pays you via Alipay. The process is straightforward, but always verify the actual payment has arrived in your Alipay before releasing your crypto. Safety first.