How to Deposit to Binance (Fiat & Cryptocurrency)

 How to Deposit to Binance 

(Fiat & Cryptocurrency)

 

 

 

Hello everyone, welcome to another video in which I'll show you how to deposit cash into your Binance account. In this video, I'll show you how to transfer fiat currencies such as dollars, euros, and pounds into your Binance account, as well as how to deposit cryptocurrencies into your Binance account if you have another exchange account, a mobile wallet, or anything similar.

You can transfer some funds into Binance, and I'll show you how to do it all in this video. Also, check out the description for more helpful videos and some more in-depth Binance tutorials and step-by-step guides. So, let's get to the Binance homepage, and you can click that link in the description to go there. If you don't have an account, you can sign up, and I have other tutorials for you.

The first thing we can do is come up to the wallet here once you do have an account and then we can go to wallet overview and this will give us an overview of all of the crypto and fiat currencies on our account, so I'll link those in the description as well. But the first thing we can do is come up to the wallet here once you do have an account and then we can go to wallet overview and this will give us an overview of all of the crypto and fiat currencies on our account.

If you have any on your account, simply come to deposit withdraw and transfer and those options are also up here on the right hand side. We'll then come to deposit and click on this. You have a few different alternatives as you can see, the two most popular ones are deposit cash and deposit cryptocurrency, so we'll go with deposit cryptocurrency.

and it takes us to the deposit page, where we can see the entire balance on our account as well as the available balance. Depositing cryptocurrency is actually pretty simple; you can just choose the cryptocurrency that you want to deposit right here, and you can see the entire balance on your account as well as the available value.


You may also use this link to search Binance for all of the supported cryptocurrencies.
You can search by cryptocurrency ticker, for example, eth. I can also transfer in US dollars using tether, or I can just search for bitcoin using btc and then click on bitcoin. Because cryptocurrencies have a variety of different types of addresses,

This implies that when you're sending one cryptocurrency from one exchange account or a wallet account to another, it's critical that you acquire the correct address. You can view the deposit networks here, and these are the ones that Binance supports.
Bitcoin has its own blockchain, which you can view here.

That's very simple, but there are more possibilities. You have binance chains and erc20 tokens, both of which are built on the Ethereum network. It's critical that you do this right because if you don't, you'll likely lose your coins if you send them to the wrong address.
This is your bitcoin address, which will be different for you than it is for me because we all have our own. If you're using a wallet, you can scan a QR code.


or an exchange programme on your phone, or the address right here, so I'll show you how to do it. You may simply copy your address to your clipboard, then log into any other exchange account, wallet, or whatever you have.

This is just my kraken account that I'll show you, and I've gone through the withdrawal process since we want to transfer Bitcoin from this account to our Binance account. You may add a description to the address and then copy it.

Save the bitcoin address that you wish to transmit and send it. It should go to the appropriate spot. Every time you use a blockchain to create a transaction, there will be a little cost added on top. This is an industry standard and is referred to as a gas fee.

It's a little fee to pay for the network to process the transaction, and it will vary somewhat depending on the blockchain. For example, if I rapidly go to ethereum, you'll notice that my address changes to the erc20 token blockchain, and my Binance address is also different because this is a separate blockchain.


Even if you just have one Binance account, you will have multiple addresses for multiple blockchains, therefore it's critical that you receive the correct token and address when withdrawing from the other account. Now let's talk about depositing fiat dollars, which you can do the same way.


go to wallet overview and deposit or simply go to buy crypto bank deposit and it will send you to this page, but since I'm already here, I'll just go to the fiat part. You can effortlessly deposit cryptocurrencies into your Binance account without giving over your personal information or id documents if you have a Binance account.

If you're new to Binance or don't have an account yet, I'll put a link below where you can sign up and begin trading cryptocurrencies. If you do open a new account and wish to deposit fiat currency into it, be aware that you will need your KYC information, which includes your name, address, and some identification documents. This is how it seems.

You can double-check all of your information and follow the on-screen instructions to deposit fiat currencies. Simply search for the code for the fiat currency you wish to deposit, such as gbp, eur, or USD, and then click that fiat currency. You'll see various options down here.

The majority of fiat currency deposit choices on Binance are actually entirely free, which is obviously beneficial.
I'll use the pound sterling as an example, and you can see the various alternatives available. There is a faster payment option with a 0% cost if you deposit US dollars. What will happen is that when you deposit your fiat currency into the count, it will be converted into US dollars.

It if I put $100 here, finance will give you busd, which is binance us dollars, which is a cryptocurrency that is tied to the US dollar in a one-to-one ratio. If you want to purchase other cryptocurrencies, you can't do so with a fiat currency, but if you put a fiat money on your account, you can obtain a stable coin.

If you want to buy bitcoin or ethereum, for example, once you're comfortable with the amount you want to enter into your account, the fees, and the number of busd or other stable currency you'll receive, you can verify all the necessary notes and then proceed on this page you'll see two things.

First and foremost, they will only accept payments from a bank account with the same name as the one you registered with Binance. This must be your true name, as well as the name on your ID and the name on your bank account. After that, you will receive a reference number from Binance, which you must provide with your payment.


So now you need to go to your bank's website or app and make a payment to Binance. I recommend making a little deposit first to make sure you're putting it in the right spot before going ahead and making larger payments after your fiat currencies are in your account.


You may go to the wallet and select Overview, where all of your currencies will be shown for you to trade. You can then convert or use the advanced trading screen on Binance to trade that currency.

Check out the binance playlist on the channel for a step-by-step in-depth explanation on everything from signing up to trading cryptocurrencies on Binance. Make sure to like and share this video if it was helpful to you, and subscribe for more videos like this. I'll see you in the next one.

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Disclaimer: This video is for informational purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk.