Hi It's Unicorn~~

 

Binance currently supports many ways to deposit funds, such as credit card purchases, wallet transfers, C2C transactions, so users can invest in cryptocurrencies. Remember to complete the identity and address verification of the account to ensure subsequent security before depositing funds.

 

Using a credit card to buy cryptocurrencies

 

This method is suitable for small funds deposit. The minimum that you have to buy is USD15 and the maximum amount is USD 5000. You just need to swipe the card for deposit so this method is convenient and fast.

 

The process of deposit via credit card:

 

1. Select "Buy Crypto” after log in.

Source : Binance

2. Fill in the amount that you want to deposit, the minimum limit is from USD15 to a maximum USD5,000 US per time.

 

Source : Binance

 

3. Crypto will not be able to be transferred out within 24 hours, after swiping the card.

 

4. You can view the transaction record on “Buy Crypto History. 

 

Source : Binance

 

Wallet transfer 

 

If you already have cryptocurrency assets, this method is more suitable for you.

 

This method is the transfer between two wallets. The concept is like that we use online banks to transfer. You will have a wallets for each cryptocurrency after you registered a Binance account. For instance, if you have BTC, you will have a BTC wallet; if you have ETH, you will have a ETH wallet. Remember that do not  muddle your wallet together when you transfer cryptos. 

 

For instance, you plan to transfer ETH today, but accidentally turn into a BTC wallet. You transfer to the wrong wallet, your cryptocurrencies may lose. 

 

The process of crypto transfer. 

 

1. Click “Fiat and Spot” after log in.

Source : Binance

 

2. Select the crypto that you want to deposit. It is transferred from other wallet so click “Deposit" instead of “Buy.”

 

Source : Binance

 

3. Select withdrawal network. 

ERC20 and BEP2 are common option, but different currencies corresponds to different networks. You can select according to the protocol on your original wallet.

 

BEP2: Binance developed its own protocol for Binance Chain.

ERC20: Smart contract agreement based on Ethereum.

If you select BEP2, remember to fill in the remarks MEMO/TAG when transferring funds to recognize user’s transfer address.

 

BNB address: It’s like your bank account number.

BNB MEMO: It’s like your bank branch code.

 

Source : Binance

 

4. Deposit successful! 

 

You can check this transfer record on “Transaction History.”

Source : Binance

 

P2P Trading

 

‘Peer-to-peer’ (P2P) trading is a form of trading where a buyer and seller directly exchange their crypto and fiat assets on online marketplace. It’s similar to the online platform that users can purchase and sell their goods online. First, you select the currency you want to buy on the platform, and the system will send out the transfer information. The system will automatically transfer the cryptocurrency to your account after you transfer the money. P2P trading supports multiple currencies, including fiat currency and cryptocurrency. 

 

 

✓Binance is only a third-party platform. The entire matchmaking is a consensus transaction between buyers and sellers (just like online shopping), so you need to pay more attention.

✓You must complete mobile phone verification and personal identity verification before you use P2P trading.

✓You can see there is a yellow tick next to merchant’s name. This yellow tick means that  is a merchant verified by Binance. Therefore, you’re better to select the merchant with yellow tick to ensure the security of trading.