how to receive money on binance

Binance users can conveniently receive funds via bank transfers, credit/debit cards, third-party payment providers, P2P trading, and direct cryptocurrency deposits, catering to diverse financial needs and local payment options.

Nov 23, 2024 at 07:26 am

How to Receive Money on Binance: A Comprehensive Guide

Binance, the world's leading cryptocurrency exchange, provides its users with a vast array of features and services, including seamless methods for receiving funds. This comprehensive guide will delve into the various options available for receiving money on Binance, catering to the diverse needs of its global user base.

Supported Payment Methods

Binance offers a wide range of payment methods for receiving funds, including:

• Bank Transfer (SEPA, SWIFT): Directly transfer funds from your bank account to Binance. Processing times and fees vary depending on your bank and location.
• Credit/Debit Card: Make instant purchases using Visa, Mastercard, and other supported cards. Fees may apply based on your card issuer and currency.
• Third-Party Payment Providers: Utilize popular payment gateways like PayPal, Google Pay, and Alipay for convenient fund transfers.
• P2P Trading: Trade directly with other Binance users via the peer-to-peer marketplace, offering various local payment methods like cash or mobile wallets.
• Cryptocurrency Deposits: Send cryptocurrencies from external wallets or exchanges to your Binance account directly. Supports a wide range of digital assets.

Receiving Money via Bank Transfer

1. Log in to Binance: Access your Binance account through the website, mobile app, or desktop application.
2. Navigate to "Wallet": Click on the "Wallet" option at the top of the screen to view your account balances.
3. Select "Fiat and Spot": Choose the "Fiat and Spot" option from the two tabs to proceed with fiat currency transfers.
4. Click "Deposit": Click the "Deposit" button to initiate a deposit request.
5. Select Bank Transfer: In the "Select a Deposit Method" section, choose Bank Transfer as your preferred method.
6. Enter Account Information: Provide your bank account details, including your account number and IBAN.
7. Review and Confirm: Carefully review the deposit information and click "Continue" to confirm the request.
8. Receive Deposit: Binance will provide a unique reference number. Use this reference when making the bank transfer and wait for the funds to arrive in your Binance account.

Receiving Money via Credit/Debit Card

1. Log in to Binance: Access your Binance account through the website, mobile app, or desktop application.
2. Navigate to "Buy Crypto": Click on the "Buy Crypto" option at the top of the screen to purchase cryptocurrencies.
3. Select Credit/Debit Card: Choose your preferred credit or debit card as the payment method.
4. Enter Card Details: Fill in your card number, expiration date, and CVV code.
5. Enter Purchase Amount: Specify the amount you wish to purchase in your preferred currency.
6. Review and Confirm: Carefully review the transaction details and click "Buy" to complete the purchase.
7. Receive Funds: Your Binance account will be instantly credited with the purchased cryptocurrencies.

Receiving Money via Third-Party Payment Providers

1. Log in to Binance: Access your Binance account through the website, mobile app, or desktop application.
2. Navigate to "Fiat and Spot": Choose the "Fiat and Spot" option from the two tabs to proceed with fiat currency transfers.
3. Select Third-Party Payment Provider: In the "Select a Deposit Method" section, choose your preferred payment gateway, such as PayPal or Google Pay.
4. Sign In to Payment Provider: Enter your credentials for the third-party payment provider to authorize the transfer.
5. Enter Amount: Specify the amount you wish to deposit from your external account.
6. Review and Confirm: Carefully review the deposit information and click "Continue" to confirm the request.
7. Complete Transaction: Follow the prompts provided by your payment provider to complete the deposit.

Receiving Money via P2P Trading

1. Log in to Binance: Access your Binance account through the website, mobile app, or desktop application.
2. Navigate to "P2P Trading": Click on the "P2P Trading" option at the top of the screen to access the peer-to-peer marketplace.
3. Select "Receive": Choose the "Receive" tab to initiate a receiving order.
4. Filter Options: Filter available offers based on fiat currency, payment method, and desired price.
5. Select a Partner: Choose a suitable merchant based on their ratings, responsiveness, and payment options.
6. Place an Order: Specify the amount you wish to receive, confirm the exchange rate, and select payment method.
7. Send Payment: Transfer funds to the merchant's designated account or mobile wallet according to the agreed-upon payment method.
8. Release Cryptocurrency: Once you have confirmed the payment, release the cryptocurrency to the merchant.

Receiving Money via Cryptocurrency Deposits

1. Log in to Binance: Access your Binance account through the website, mobile app, or desktop application.
2. Navigate to "Wallet": Click on the "Wallet" option at the top of the screen to view your account balances.
3. Select Deposit Crypto": Choose the "Deposit Crypto" option from the sidebar menu to deposit cryptocurrencies.
4. Select Coin: Use the search bar to find the cryptocurrency you wish to deposit. Alternatively, you can manually select the coin from the list.
5. Copy Deposit Address: Click on the "Copy Address" button to copy the Binance deposit address for the selected coin.
6. Initiate Transfer: Send the desired amount of cryptocurrency from your external wallet or exchange to the Binance deposit address.
7. Confirm Transaction: Wait for the blockchain to confirm the transaction and your Binance account will be credited with the deposited cryptocurrency.