If you’re wondering how to withdraw Solana to a bank account, you’re not alone. With Solana’s popularity rising due to its lightning-fast speeds and low fees, many users want to quickly and safely convert their SOL into cash.
Whether you’re looking to cash out profits or fund your expenses, this guide will show you the best ways to transfer your SOL tokens to a bank account, step by step.
Can You Withdraw Solana to a Bank Account?
Yes, but not directly. Since Solana is a cryptocurrency and banks don’t support SOL tokens natively, you’ll first need to convert SOL into fiat (like USD or EUR) using a platform that supports bank withdrawals.
There are two main ways to do this:
- Using a centralized exchange (CEX) like Coinbase, Binance, or Kraken
- Using a peer-to-peer (P2P) platform to sell SOL directly to someone for cash
Let’s break these down.
Method 1: Withdraw SOL via Centralized Exchange
This is the safest and easiest way for most users.
- Create an account on a trusted exchange: Popular options (Coinbase, Binance, Kraken). Make sure it supports fiat withdrawals to your country.
- Complete identity verification (KYC): Upload your ID and proof of address. This is required to access banking features.
- Send SOL to your exchange wallet: Open your personal wallet (e.g., Phantom or Trust Wallet), copy your exchange’s Solana deposit address, and transfer your SOL tokens.
- Sell Solana for fiat: Go to the “Trade” or “Sell” section. Convert SOL to your preferred fiat currency like USD or EUR.
- Link your bank account: Add your bank details under the “Withdraw” or “Payout” section. Double-check for accuracy.
- Withdraw to your bank: Enter the amount, confirm the request, and wait 1–5 business days depending on the platform.
Method 2: Use a Peer-to-Peer (P2P) Platform
If you want better rates or can’t access traditional exchanges, P2P platforms let you sell directly to buyers. How it works:
- Visit a P2P marketplace like Binance P2P or OKX P2P
- Find a buyer offering a good rate in your currency
- Send SOL to the buyer’s address after escrow is activated
- Receive money directly in your bank account
Wallet-Specific Instructions (Phantom & Trust Wallet)
How to Withdraw SOL from Phantom Wallet
- Open your Phantom Wallet and select your Solana (SOL) balance.
- Tap the “Send” button.
- Copy the SOL deposit address from your exchange (e.g., Binance, Coinbase).
- Paste it into the recipient field in Phantom.
- Enter the amount of SOL you want to send and confirm the transaction.
- Once the SOL arrives on your exchange, convert it to fiat and follow the steps to withdraw to your bank account.
How to Withdraw SOL from Trust Wallet
- Open Trust Wallet and tap on your Solana (SOL) asset.
- Press the “Send” button.
- Go to your exchange account and copy the SOL deposit address.
- Paste this address into Trust Wallet as the recipient.
- Enter the amount of SOL to send and confirm.
- Once received in your exchange wallet, sell SOL for fiat currency and withdraw the funds to your bank account.
Always ensure the exchange supports Solana deposits and fiat withdrawals before sending.
Important Things You Should Know
Security First
Before transferring any funds, make sure your accounts are protected:
- Enable 2-Factor Authentication (2FA) on your Exchange account.
- Avoid using public Wi-Fi when making transactions.
- Always withdraw to your own verified bank account, never use someone else’s details.
Understand the Fees and Limits
Knowing the costs upfront can save you from surprises:
- Exchange fees vary; some charge flat fees, others take a percentage of the withdrawal amount.
- Solana network fees are very low (around 0.0001 SOL), but fiat withdrawal fees can range from $1 to $15.
- Check withdrawal limits on your exchange, make sure your amount meets the minimum and doesn’t exceed the maximum.
If Something Goes Wrong
Sometimes withdrawals get delayed, don’t panic. Here’s what to do:
- Double-check your bank account details to ensure there are no typos.
- Make sure your KYC (identity verification) is fully completed; missing info can block payouts.
- If it’s been more than 5 business days, contact your exchange’s customer helpline for assistance.
Want to learn more about Solana? Check out these related articles:
FAQs About Solana Withdrawal
How much are Solana withdrawal fees?
Solana network fees are very low, around 0.00001 to 0.01 SOL, but exchanges may charge extra for fiat withdrawals.
How to withdraw Solana from Phantom Wallet?
Send SOL from Phantom to an exchange, convert to fiat, and withdraw funds to your bank account.
Which exchanges allow Solana to bank account withdrawal?
Exchanges like Coinbase, Binance, and Kraken support SOL-to-bank withdrawals.
Why is my Solana withdrawal taking so long?
Fiat withdrawals can take 1–5 business days. Check for KYC issues or incorrect bank details if delayed.
The Bottom Lines
To withdraw Solana to a bank account, the most reliable and beginner-friendly method is using a centralized exchange. It allows you to convert your SOL to fiat and withdraw funds directly to your bank with minimal hassle.
For more experienced users, P2P platforms offer flexible options and possibly better rates, but they do carry extra risk and require careful handling.
If you run into issues or have questions during the withdrawal process, don’t hesitate to contact Blockchain Customer Care. They offer secure, professional help you can rely us.
