Binance Pay's deposit featureenables transfers to select DeFi wallets, improving the accessibility of decentralized finance and enhancing user experience. For example, you can now transfer your assets easily between Binance Pay and Trust Wallet, Safepal, and Ronin Wallet.
1. Log in to your DeFi wallet app and select the cryptocurrency you want to receive. For example, BNB.
2. Tap[Deposit from exchange]and choose[Binance]. You’ll be directed to the Binance app to start the transfer.
3. To conclude the transfer, enter the amount and confirm the details.
Please note that the auto-filled address and network are directly sent from your crypto wallet. You don’t need to paste the address or choose the network in this step.
4. The transfer will be processed within the estimated completion time.
5. You'll receive a notification email from Binance Pay once the on-chain transfer is successfully completed. You can also check the status on the Binance app by going to[Binance Pay]-[Transactions].
For more details, please refer toBinance Pay Fees.
Theconfirmation timevaries depending on the blockchain and its current network traffic.
Binance Pay supports cross-currency payments. For example, if you want to transfer 10 USDT but you have none in your Binance account, Binance Pay will convert other currencies in your account to USDT to complete the transfer. You can check the real-time conversion rate from the confirmation pop-up. Confirm the transaction before the quotation expires, or tap[Refresh]to get a new conversion rate.
If you’re using the Binance app, go to[Binance Pay]. You can find[Transactions]at the bottom.
If you’re on the Binance website, go to[Orders]-[Payment History].
The on-chain transfer via Binance Pay to a DeFi wallet involves two steps: payment and transfer.
Once your payment is completed, the funds will be deducted from your Binance account. That means Binance Pay has received your request for an on-chain transfer, and your transaction is being processed.
You'll receive an email once the on-chain transfer is completed. If the transfer fails, you'll be refunded. You can also check the estimated completion time and the latest transfer status in[Transactions]on the app or[Payment History]on the website.
On-chain transfer supports a wide range of assets available in Binance Pay and your crypto wallet. To make an on-chain transfer, both Binance Pay and the DeFi wallet that you use must support the asset. Additionally, Binance Pay might support the asset but not the chosen network. If this occurs, switch to a network supported by Binance Pay in your DeFi wallet app. You can find more information about the assets and networks supported by Binance on theDeposit & Withdrawallist.
If your payment is unsuccessful, you'll see a pop-up window with the following message: "Withdrawal address whitelist enabled and this address is not on the list." That means you’ve turned on thewithdrawal address whitelist function, and only whitelisted addresses are available for on-chain transfers or withdrawals. For more details on how to enable or disable the function, please visitHow to Enable Withdrawal Whitelist for My Binance Account?.