How to deposit Crypto to Binance or buy Crypto with fiat-currencies?

How to top up on Binance?

Binance accepts fiat and cryptocurrency deposits from external wallets and bank accounts. You need to choose different top-up methods according to the top-up currency.

Please double check the blockchain address and enter the correct MEMO or ID if necessary. If the blockchain network is congested, the deposited cryptocurrency may be delayed to arrive. After such a situation, you may need to continue to wait for a while until the transaction is confirmed. If you have not received your account after a long wait, please contact Binance customer service.

Depending on the deposit method you use, it may take several days for fiat deposits to be credited to your Binance account. If the delay is too long, please confirm whether the deposit has been suspended before contacting customer service.

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Introduction

You need to deposit fiat or cryptocurrency to trade cryptocurrency on Binance. There are various deposit methods, some of which take a long time and require patience. Follow the steps below to safely top up your funds and get the protection of SAFU.

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How to deposit cryptocurrency on Binance?

In the example below, we deposit Binance Coin via Trust Wallet.

1. Log in to your personal Binance account. After successful login, move the mouse to [Wallet] and click [Fiat and Spot].

2. Click [Deposit].

3. Select the [Cryptocurrency] tab.

4. Select the cryptocurrency you want to deposit.

5. If the cryptocurrency is issued on multiple network platforms, please select the platform to receive deposits.

For example, Binance Coin is issued as a BEP-2 token on Binance Chain, a BEP-20 token on Binance Smart Chain (BSC) , and an ERC-20 token on Ethereum. Therefore, choose a BEP-2 deposit address if the wallet you are sending funds from has BEP-2 tokens in it. This step must be done with extreme care! If you choose the wrong address, your deposit may be lost.

6. Deposit address and MEMO are required to deposit Binance Coin. You will need to copy and paste both into the corresponding fields of the lending wallet.

Why do you need MEMO? Because all users’ Binance Coin deposit addresses are exactly the same. MEMO is a unique identifier assigned to each account, by which Binance can identify deposits and credit the corresponding account.

7. Click on Binance Coin in Trust Wallet.

8. Click “Send”.

9. You need to paste the deposit address and MEMO displayed on the Binance deposit page in this field, or you can scan the QR code with your phone camera.

10. Confirm the transaction. After sending the cryptocurrency in the Trust Wallet, you can check the corresponding status in the block explorer by searching for the transaction ID. It is recommended to use the official Binance Chain browser.

11. You will see the deposit history under Binance’s transaction history.

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How to Buy Crypto with Fiat on Binance?

Binance supports the purchase of cryptocurrencies with more than 60 fiat currencies as well as a variety of payment methods. The process is very similar for other cryptocurrencies, including Bitcoin (BTC) or Ether (ETH).

1. Log in to your personal Binance account. After successful login, move the mouse to [Wallet] and click [Fiat and Spot].

2. Click [Deposit].

3. Select the [Fiat Currency] tab.

4. If you haven’t authenticated yet, click [Verify Now] and follow the instructions to complete the verification.

5. Select the cryptocurrency to be purchased and the payment method. Binance supports credit cards, debit cards, bank transfers or fiat balances.

6. Enter the required details and follow the instructions.

7. Always double check the payment details before submitting the payment.

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Does Binance Charge Crypto Deposit Fees?

There are no fees for depositing cryptocurrencies into Binance. However, please note that when sending cryptocurrencies from your wallet to Binance, you must pay transaction fees. To transfer funds from an exchange, withdrawal fees may apply before withdrawing cryptocurrencies.

Whether the identity verification (KYC) is completed will affect the maximum and minimum deposit amount.

For users whose accounts have not yet completed KYC ( identity verification ), their deposit and withdrawal operations will be more restricted. Actual restrictions vary by country and it is recommended that you log in and visit your profile page for specific regulations. After the security verification level is improved, the deposit and withdrawal amount will also increase accordingly.

How long does it take to top up on Binance?

As long as enough confirmations are received, cryptocurrency deposits will show up in the Binance Spot Wallet immediately. However, heavy network traffic and congestion can cause delays. You can use a blockchain browser (such as Binance Smart Chain’s BscScan or Ethereum’s EtherScan) to view transaction status by TxID (transaction ID).
The deposit time of fiat currency depends on the transfer method used, and the time required varies from a few hours to a few days. For details, go to the Fiat Deposit page and select a deposit method.

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What is the reason for the failed deposit on Binance?

There may be two main reasons for failing to deposit cryptocurrencies or fiat into Binance. First, Binance occasionally conducts system upgrades or technical maintenance, suspending fiat or cryptocurrency deposits. If the fiat currency you are trying to transfer is no longer supported, Binance will refund the funds (usually within seven business days).

Cryptocurrency deposit problems are usually caused by user error. In the top-up screen, Binance will display the payment details for reference. Be sure to copy the above information carefully to the withdrawal wallet or payment service page.

Binance occasionally suspends the deposit service, please pay attention to the latest news of Binance and keep abreast of the details. Additionally, Binance’s wallet address must be copied and pasted correctly and the correct blockchain network selected. You may also need to add a tag, MEMO or payment ID to successfully deposit cryptocurrency.

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What to do if the deposit fails to arrive on Binance

If you have deposited fiat currency but Binance has not credited it to your account, please contact Binance’s customer service team. It can take up to several days for fiat deposits to arrive.
If you have transferred your cryptocurrency deposit to the correct address without a MEMO, tag or payment ID, you can get your funds back with the help of a self-service form. To do this, you need to fill in some basic information related to the transaction, including TxID, amount, and sender address. This process only works if the blockchain has sufficiently confirmed the transaction.

If the transaction is not confirmed, it may be due to network congestion and the waiting time will be extended. Different blockchains require different confirmation times. As mentioned above, you can use the blockchain browser to check the asset transfer status based on TxID.

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How to verify if the deposit is successful?

If there are enough valid confirmations, the cryptocurrency deposit will show up in the Binance Spot Wallet immediately. By visiting [Wallet] – [Overview] – [Transaction History], you can further check the credit status.

Fiat deposits will also be displayed immediately upon successful entry into your Binance account. This information will be displayed in the [Fiat and Spot] section of the website.

It takes a certain amount of time for fiat or cryptocurrency to be deposited into your Binance account. Binance has always strived to provide customers with swift top-up services, but delays are often beyond our control. If the wait time is longer than usual, please contact Binance Customer Service.

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