How to deposit money into my Binance account

Depositing on Binance is easy—use P2P, card, or bank transfers for fiat, or send crypto from an external wallet, always verifying the network to avoid loss.

Aug 03, 2025 at 08:56 am

Understanding the Binance Deposit Process

Depositing money into your Binance account involves transferring funds from your personal wallet, bank, or another exchange into your Binance wallet so you can trade, stake, or hold cryptocurrencies. Binance supports both crypto deposits and fiat deposits, depending on your region and verification level. Before initiating any deposit, ensure your account is fully verified to avoid limitations. Verification typically includes submitting a government-issued ID and completing a facial recognition check through the Binance app.

It’s essential to understand that Binance does not accept direct bank transfers in all countries. Instead, it offers multiple gateways such as P2P trading, credit/debit card purchases, and third-party payment processors for fiat deposits. For cryptocurrency deposits, you’ll need to send digital assets from an external wallet to your Binance deposit address.

How to Deposit Fiat Currency Using P2P Trading

If you want to deposit local currency such as USD, EUR, or INR, P2P (Peer-to-Peer) trading is one of the most accessible methods on Binance. This method connects buyers and sellers directly, allowing you to pay via bank transfer, mobile money, or other local payment methods.

• Open the Binance app or website and navigate to the P2P Trading section.
• Select Buy USDT (or another stablecoin supported in your region).
• Choose a seller with a high completion rate and favorable price.
• Enter the amount of fiat you wish to deposit.
• Review the seller’s payment methods (e.g., bank transfer, PayPal, UPI).
• Click Buy USDT and follow the on-screen instructions to complete the payment.
• After making the payment, confirm the transfer in the chat window.
• Once the seller confirms receipt, USDT will be credited to your Binance spot wallet.

Always ensure you use secure payment methods and avoid releasing funds before confirmation. Transactions are protected by Binance’s escrow system, which holds the cryptocurrency until both parties fulfill their obligations.

Using Credit or Debit Cards for Instant Deposits

Binance allows users to deposit fiat instantly using Visa, Mastercard, or other supported cards. This method is fast and ideal for small to medium-sized deposits.

• Log in to your Binance account and go to Wallet > Deposit.
• Select Fiat and choose your local currency.
• Pick Credit/Debit Card as the payment method.
• Enter the amount you wish to deposit.
• Input your card details, including card number, expiration date, and CVV.
• Complete the 3D Secure authentication if prompted by your bank.
• Confirm the transaction.

The deposited amount will appear in your Spot Wallet within minutes. Note that card deposits may incur a processing fee (typically around 2–4%), and not all banks support cryptocurrency purchases. Check with your bank to avoid declined transactions.

Depositing Cryptocurrency from an External Wallet

To deposit crypto such as BTC, ETH, or USDT from an external wallet (e.g., Trust Wallet, Ledger, or another exchange), you must generate a deposit address on Binance.

• Log in and go to Wallet > Spot Wallet.
• Click Deposit.
• Search for the cryptocurrency you want to deposit (e.g., ETH).
• Select the correct network (e.g., ERC20, BEP20, TRC20). This is critical—sending tokens via the wrong network can result in permanent loss.
• Copy the deposit address provided or scan the QR code.
• Go to your external wallet and initiate a withdrawal.
• Paste the Binance deposit address.
• Enter the amount and confirm the transaction.

After blockchain confirmation, the funds will appear in your Binance account. Processing time depends on network congestion and the cryptocurrency used. Always send a small test transaction first to verify the address and network.

Using Third-Party Payment Providers

Binance integrates with various third-party payment providers like Simplex, Paxos, and MoonPay to facilitate fiat deposits. These services act as intermediaries and support multiple currencies and payment methods.

• Navigate to Buy Crypto > Credit/Debit Card.
• Choose your preferred provider from the list.
• Enter the fiat amount and select the cryptocurrency you want to receive.
• Provide your email and complete KYC if required by the provider.
• Enter card details and confirm the purchase.
• The purchased crypto will be sent directly to your Binance Spot Wallet.

These providers may have higher fees compared to P2P but offer convenience and faster processing. Ensure the provider is available in your country and supports your payment method.

Security Measures During Deposit

Security is paramount when depositing funds. Binance employs SSL encryption, two-factor authentication (2FA), and withdrawal address whitelisting to protect your assets.

• Always enable Google Authenticator or SMS 2FA in Security Settings.
• Never share your deposit address publicly or reuse it excessively.
• Use whitelisted addresses for crypto withdrawals to prevent unauthorized transfers.
• Beware of phishing sites—always access Binance through the official website or app.
• Monitor your deposit history under Wallet > Transaction History to detect anomalies.

If you notice any suspicious activity, contact Binance Support immediately and secure your account.

Frequently Asked Questions

Can I deposit directly from my bank account to Binance?

Yes, in supported regions, you can deposit fiat via bank transfer through Binance’s partner banks. Go to Wallet > Deposit > Fiat, select your currency, and choose “Bank Transfer.” Follow the instructions to send funds from your online banking portal. Processing may take 1–5 business days.

Why is my crypto deposit not showing up?

Delays can occur due to network congestion or incorrect network selection. Verify the transaction hash (TXID) on a blockchain explorer. If the network was wrong, the funds may be lost. If the transaction is confirmed but not credited, contact Binance Support with the TXID.

Are there deposit fees on Binance?

Binance does not charge fees for most crypto deposits. Fiat deposits via card or P2P may include third-party fees. Check the fee structure during the deposit process. Network fees (gas fees) apply when sending crypto from external wallets.

What happens if I send BTC to an ETH deposit address?

Sending the wrong cryptocurrency to a deposit address results in permanent loss. Binance cannot recover funds sent to incorrect addresses or networks. Always double-check the coin and network before confirming any transaction.