There are over 600 cryptocurrencies and various fiat currencies such as EUR and GBP listed on Binance.
You can deposit cryptocurrencies or fiat currencies into your Binance account and start trading with very low fees.
In this tutorial, we will show you how to deposit cryptocurrencies such as BTC, USDT and ETH and fiat currencies such as EUR and GBP into your Binance account.
To deposit money into Binance and start trading, you first need to create a Binance account.
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How to deposit crypto into Binance
To deposit crypto to your Binance account, first log in to your Binance account and click ”overview” or ”fiat and spot” under the wallet dropdown.
Click ”crypto deposit” to deposit cryptocurrencies into your Binance account.
After clicking ”crypto deposit”, you can select the coin that you want to deposit and its network, and copy your deposit address.
For information on selecting the correct deposit network and other details, please refer to the sections below.
How to deposit Bitcoin into Binance
To deposit Bitcoin to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click the deposit crypto button.
Select Bitcoin (BTC) as the coin that you want to deposit to your Binance account.
After selecting Bitcoin, select the network that Bitcoin is on. If your Bitcoin is on its own original blockchain, you can select Bitcoin or SegWit.
If you withdraw Bitcoin from an other exchange and select the BNB (BEP2), BSC or ETH network if possible, you can select the same deposit network on Binance.
The network that you select on the exchange that you withdraw Bitcoin from should match the deposit network on Binance.
If you deposit Bitcoin to Binance from your own wallet, you can first check which network Bitcoin is on and select your deposit network accordingly.
After selecting the network, you can copy your deposit address or scan the QR code and transfer BTC to your deposit address.
How to deposit USDT into Binance
To deposit USDT to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click the deposit crypto button.
To get your USDT deposit address, first select USDT (Tether).
After selecting USDT, select the deposit network. Binance currently supports AVAXC, BNB, BSC, ETH, Solana, Tron and Polygon networks for USDT deposits.
If you transfer USDT from an other exchange to Binance, the withdrawal network should match the deposit network that you select on Binance.
If you transfer USDT from your own wallet to Binance and let’s say it is BEP20 USDT, on the BSC network, you can select the BSC network.
If your USDT is on the Ethereum network or other networks such as Polygon, AVAX, etc. you should select your deposit network accordingly.
After selecting USDT (Tether) and the deposit network, you can copy your deposit address or scan the QR code, and make your USDT transfer.
How to deposit ETH into Binance
To deposit Ethereum to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click the deposit crypto button.
Select Ethereum (ETH) on the crypto deposit page.
After selecting Ethereum (ETH), select the deposit network. Binance currently supports Arbitrum, BNB, BSC and the original network, ETH, for Ethereum deposits.
If you transfer ETH from an other exchange to Binance, the withdrawal network should match the network you select on Binance for depositing ETH.
If there is no network option available on the exchange that you withdraw ETH from, the exchange most probably supports only the Ethereum network.
So, in that case, you can select the Ethereum network on Binance.
If you have, for example, BEP20 ETH in your Trust Wallet and want to deposit it into your Binance account, you can select the BSC network.
After selecting the network, you can copy your deposit address or alternatively scan the QR code and send ETH to your address.
How to deposit fiat currencies into Binance
To deposit fiat to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click ”fiat deposit”.
On the fiat deposit page, you can select the fiat currency that you want deposit into Binance and the transfer method, and get the bank account or other details.
How to deposit USD into Binance
To deposit USD to your Binance account, first click ”overview” or ”fiat and spot” under the wallet dropdown and click ”fiat deposit”.
Select ”USD” in the list of supported fiat currencies.
Select the ”Bank Transfer (SWIFT)” method and click the continue button.
After clicking the continue button, you should enter the amount of USD that you want to deposit and then add your bank account details for the first deposit and all future deposits.
After entering your bank account details, you can see Binance’s bank account details to which you can transfer USD via SWIFT.
You should also include the reference code when transferring USD via SWIFT to Binance’s bank account.
Note that depending on your country of residence, you may not be able to deposit USD into your Binance account.
In that case, you can check if you can deposit any other fiat currencies other than USD.
How to deposit EUR into Binance
To deposit EUR to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click ”fiat deposit”.
Select ”Euro (EUR)” in the list of supported fiat currencies.
After selecting Euro, you can select the Bank Transfer (SEPA) or Bank Card method or the Advcash method under ”other methods” to deposit Euro into your Binance account.
Note that depending on your country of residence, the bank transfer (SEPA) method for depositing Euro may be available or not available.
If you live in the EU, you can select the SEPA method and make Euro transfers to Binance’s bank account.
How to deposit GBP into Binance
To deposit GBP to your Binance account, click ”overview” or ”fiat and spot” under the wallet dropdown and click ”fiat deposit”.
Select ”Pound Sterling (GBP)” in the list of supported fiat currencies.
After selecting GBP, you can use the Bank Transfer (Faster Payments) method if you live in the UK or the bank card method to deposit GBP into Binance.
If you live in the UK, you can select the Bank Transfer (Faster Payments) method and click the continue button.
After clicking the continue button, enter the amount of GBP that you want to deposit into your account and then you’ll see Binance’s bank account details to which you can transfer GBP.
If you don’t live in the UK, the Bank Transfer (Faster Payments) for depositing GBP may not be available for you.
In that case, you should check if you can deposit the currency of your country of residence or look for other deposit methods.
If you can’t deposit fiat currencies into your Binance account due to your country of residence or other issues, you can use your bank/credit card to buy coins or try Binance P2P.
Alternatively, you can use other exchanges or platforms to buy cryptocurrencies with fiat and then transfer cryptocurrencies to your Binance account.
To learn how to transfer crypto from MetaMask to Binance and open long and short positions on Binance, check out our tutorials below:
