How to top up Binance contract

To top up your Binance Contract Account, log in, select the contract type (USDT or COIN), transfer funds to your Funding Wallet from Spot Wallet or external sources, confirm the transaction, transfer funds to your Contract Account, and start trading futures contracts.

Nov 11, 2024 at 12:23 am

How to Top Up Binance Contract

Step 1: Log in to Binance and Choose Contract Account

• Head over to the Binance website or mobile app and log into your account.
• Navigate to the "Derivatives" section and select "Contract" from the left-hand menu.
• You will be presented with two options: "USDT-Margined Contracts" and "COIN-Margined Contracts."
• Choose the type of contract you want to top up (USDT or COIN).

Step 2: Transfer Funds to Funding Wallet

• Once you select a contract type, you will see your Funding Wallet address displayed on the right-hand side of the screen.
• You can deposit funds into this wallet from your Binance Spot Wallet or external wallets.

• To transfer from Spot Wallet:

  • Click on "Transfer" and select "From Spot" as the source.
  • Enter the amount you wish to transfer.
  • Select the appropriate asset (USDT or COIN).
  • Confirm the transfer.

• To transfer from external wallet:

  • Select "Deposit" and choose the corresponding cryptocurrency.
  • Copy the displayed deposit address.
  • Initiate a transaction from your external wallet to the provided address.

Step 3: Confirm Transaction

• Once you have initiated the transfer, wait for the transaction to be confirmed on the blockchain.
• You can track the status of your transfer by clicking on "Transaction History."
• The funds will be credited to your Funding Wallet once the transaction is complete.

Step 4: Top Up Contract Account

• After your funds have been credited to your Funding Wallet, you can now transfer them to your Contract Account.
• Select the "Transfer" button again and this time choose "To Contract" as the destination.
• Enter the amount you wish to top up.
• Confirm the transfer.
• Your Contract Account will be instantly topped up with the specified amount.

Step 5: Start Trading

• Once your Contract Account is funded, you can start trading futures contracts on Binance.
• Navigate to the "Trade" section within the Contract tab.
• Choose the contract you want to trade and select the appropriate parameters.
• Place your order and monitor your positions accordingly.

Troubleshooting Common Issues

Issue: Transfer not being credited to Funding Wallet

• Ensure you have entered the correct wallet address when initiating the transfer.
• Check if the transaction has been confirmed on the blockchain explorer.
• If the transaction is confirmed but not credited to your Funding Wallet, contact Binance support.

Issue: Unable to top up Contract Account

• Verify that you have sufficient funds in your Funding Wallet.
• Check if there are any maintenance or system issues affecting transactions.
• Contact Binance support if you continue to encounter difficulties topping up your Contract Account.