How to deposit to Binance – Step by step guide
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Then I will make it super simple and easy for you in this step by step guide.
For newcomers to the crypto space, these things might seem a bit daunting and complex. But don’t worry, at the end of this guide depositing cryptocurrencies to binance.com/en will be easy and obvious for you too!
What kind of deposits can you do from Binance?
- The first option and the one we talk about in this guide is; depositing cryptocurrencies to Binance
- The other one is depositing Fiat money, which we will talk about briefly in the end
For all three Binance exchanges you can, of course, deposit cryptocurrencies.
How to deposit cryptocurrencies to Binance step by step
1 ) First you head over to Binance and log in
If you don’t have an account then you will need to register first – click here to register/sign in
2 ) Go to your ‘Spot Wallet’ to find your wallet address
Click on Wallet and then Spot wallet to find the address to the cryptocurrency that you want to deposit to your Binance account.
It might not be clear to everyone but most cryptocurrencies have their own unique address structures.
Meaning a Bitcoin address is unique in its structure and differs from an Ethereum address. So you can’t just send your BTCs to your ETH address.
- However, the tokens on Ethereum blockchain and Ethereum’s native cryptocurrency Ether (ETH) share the same address type.
If they are then you need to move them to your spot wallet to initiate the withdrawal.
3 ) Select the cryptocurrency you want to deposit
Here you will see a list of cryptocurrencies available on Binance. Any of those cryptos can be deposited to Binance.
And it is important that you copy the unique address for the cryptocurrency that you want to deposit. Otherwise you might risk losing your cryptos.
So find the cryptocurrency in the list, scroll or search for it and then click on deposit.
4 ) Copy the wallet address or scan the QR code
So if you want to deposit Bitcoin, then you need to find the Bitcoin address in your account and either copy the address or scan the QR code.
Only send BTC to your BTC address, same for all cryptos!
5 ) Go to the wallet you want to send from
Ok, so the next step is to head over to where you are sending/depositing your cryptos from.
Go to your private wallet or the exchange wallet where you are sending your cryptos from.
If you are using your phone and with a wallet app then you can scan the QR code from your phone! Otherwise paste in the address that you copied from your Binance account.
- Make sure you are entering the wallet address correctly. I usually check the first 3 characters and the last 3.
After you have successfully sent the cryptos head back to Binance again
6 ) Go to your Binance account and check for your transaction
You can follow your deposit live from your Binance account. Go back to Binance, click on Wallet – > Spot Wallet and then Deposit & Withdrawal History and Deposits.
Here you can all past deposits to Binance and the ones that are in transit/processing.
When the transactions has been confirmed you can check your balance to see it has been updated to match the amount you sent.
When it has been confirmed you can check your balance in the wallet address where you sent your cryptocurrencies to.
Deposit fiat currencies to Binance
As mentioned above you can also deposit fiat money from your Binance accounts. With Binance Jersey you add/connect a bank account and then you can deposit from your bank account to your Binance Jersey account.
With Binance you can also deposit fiat money via any of the connected payment services listed on the site. They take a fee and might need you to complete some KYC checks.
Go to your Spot Wallet again and click on Fiat and then you will see a list of options for payment gateways to use.
Here you can deposit fiat money from a credit card or debit card purchase. Or via a bank transfer.
It depends on the payment solution what they can provide you with. You will need to complete KYC checks for them before you can start.
There will be different fees and rules for each.
Ok, that is the end of this guide on how to deposit to Binance. I covered both how to deposit cryptocurrencies and fiat currencies to Binance.
Depositing cryptos to Binance is no different than sending cryptos to another cryptocurrency exchange or to another private wallet.
Sending cryptocurrencies works the same for all types of wallets and transactions. So now when you know how to deposit to Binance, you can deposit/send cryptos to any wallet in the world.
If there is anything in these steps that still don’t make full sense to you or you are struggling with anything then don’t hesitate. Get in touch and I will do my best to help you!
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Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that wants to see better and smarter products and services that makes our lives better and easier