Anybody looking for a safe cryptocurrency exchange would have heard of Binance.
Although it was launched in 2017, some users still have trouble figuring out how to deposit money into Binance.
Luckily, we are here to make things easier for you!
With lowest trading fees and support for multiple cryptocurrencies, we understand where your interest in Binance is coming from.
Therefore, don’t skip this article because it is loaded with all the information that you want to have about Binance account, use, money deposits, and withdrawals.
Method To Open Binance Account With a DISCOUNT!
If you haven’t done so already then your first task is to open a Binance account.
You simply need to visit their official website to avail a flat 20% off when signing-up. The registration form is short and straightforward. It just requires you to provide an email ID and a password.
Tip! It is ideal to come up with a strong password with at least 8 characters. A combination of upper case letters and numbers with lower case letters would work in your favor.
After you have provided the needed data, click on the box next to “Agree with terms of use” and then tap on Create Account.
In the next step, you would be asked to verify your account by checking out the email that the company has sent to your ID.
The email contains a verification code which you have to copy and then paste on to Binance Account Verification box.
Now your account is ready to use!
How To Deposit Money Into Binance
You can deposit different type of currencies into Binance. These include Euro, GBP, cryptocurrencies, or USD. Here’s a simple procedure on how to get that done.
Transfer Euro Into Your Binance Account
1. Log in to your Binance account and click on Wallet.
2. Tap on the deposit button right below the Wallet option.
3. In the “Select Currency and Payment Method” click on Euro. This currency would be given with the label “EUR”.
4. Choose “Bank Transfer SEPA” as the recommended method in the window below.
5. Enter the amount of EUR that you wish to transfer to your Binance account.
Verify the amount that you have mentioned and then tap on Continue.
By the end of the transfer, you would see a dialogue box that contains all the payment details.
It would show the amount that you have sent and the applicable charges (if any). Keep in mind that transfer limit for Euro to Binance is set at 1 to 200,000.
Transfer USD Into Your Binance Account
1. Log in to your Binance account and click on Wallet.
2. Tap on the deposit button right below the Wallet option.
3. In the “Select Currency and Payment Method” click on USD.
4. Choose “Silvergate Bank SWIFT” as the recommended method in the window below.
5. Enter the amount of USD that you wish to transfer to your Binance account. Verify the amount that you have mentioned and then tap on Continue.
By the end of the transfer, you would see a dialogue box that contains all the payment details.
It would show the amount that you have sent and the applicable charges (if any).
The fee for USD transfer is $10 per transaction. This means that if you transfer $4000 then the Binance account would receive $3990.
Moreover, transfer via SWIFT also has a daily limit of $5000 USD. You can increase this limit by having your Binance account identity verified.
Transfer Cryptocurrency Into Your Binance Account
1. First of all, tap on “Fiat and Spot”.
2. Now click on Deposit option under the Wallet menu.
3. Choose the type of coin that you want to deposit.
4. Ensure that you have selected the correct network for the transfer or else you will lose the cryptocurrency in the process.
5. Provide other necessary information as asked by Binance deposit page such as MEMO and tag.
This would take care of the transfer! Binance is an ideal place to load your cryptocurrency as the trading fee is minimal.
Wrap Up
Hopefully, you would not have any more questions on how to deposit money into Binance. As you can see, both the processes, creating Binance account and depositing money is quite simple.
Did you like this post or do you think we have missed out on anything important? Feel free to share your views in the comment section below. We are waiting!
Jamie Johnson is very enthusiastic Kansas City – based freelance writer, and her core expertise are finance and insurance. She has been endorsed on several personal finance, insurance & business website to share her thoughts. Her publications can be found on famous sites like Bankrate, The Balance, Business Insider, Chamber of Commerce and many others.
From many years, she served more than 10,000 hours of research and writing to more than 2000 articles related to personal finance, credit building, mortgages, and personal and student loans.
