The world is changing and so is the trend of money. People are more into cryptocurrencies nowadays. Binance is one of the largest exchanges of cryptocurrency in the world, as it has the largest daily trading volume of a cryptocurrency. However, for some users, it will be difficult to deposit money in their Binance account or wallet because they don’t know its process.
Depositing Money in Binance Wallet/Account
The question arises as to how you can deposit money to the Binance wallet or account. However, You don’t have to worry, as we are here to guide you about the step-by-step process of depositing money in your Binance wallet to make it more convenient for your usage. There are different ways to deposit money in a Binance account, such as:
- Through Bank Transfer
- Through Credit or Debit Card
- Cash Balance and Wallet Options
Note: Binance only supports a few local currencies, so before proceeding, do check if your local currency is in the list of supported currencies or not.
Here is the step-by-step guide to depositing money in the Binance wallet or account:
Step 1
Go to the website or app version of Binance and click on the “Buy Crypto” tab. It will open a series of options for you about the payment method, such as bank deposit, credit card/ debit card, cash balance, and third-party payment. Choose any of the given options that would be suitable for you.
Step 2
Then on the screen of Buy Crypto, you will have to select the fiat currency. Select the amount and the type of currency you want to buy in your Binance account.
Step 3
After selecting the amount and type of currency you will have to add the information of your credit card, the information will only be added in the case of a newly added card to proceed with the payment. Although, if you have used any card previously, you can just click on it and use the already registered card to your account.
Step 4
Confirm the details of the transaction and after receiving the crypto in your spot wallet, you can transfer the fund to the payment wallet of Binance.
Note
In order to use the services provided by Binance, users should and must have a verified Binance account. Otherwise, they will not be able to benefit from the services of Binance.
Switch to Crypto Life
As carrying money in the form of cash has been so outdated and mainstream; therefore follow the steps and start living a crypto life and save yourself from paying extra transaction fees.
