Key Points

  • Binance provides a variety of recharge methods, including Binance C2C transactions, cash purchases, cryptocurrency recharges, and bank transfers.

  • To withdraw funds from Binance, users can choose between cryptocurrency withdrawals and fiat currency withdrawals, each of which requires specific steps and security verification.

  • Always double-check the details you enter, such as the network you choose when depositing and your bank details when withdrawing, to avoid accidentally losing your funds.

Introduction

Depositing and withdrawing funds can be confusing when it comes to cryptocurrency. Many users find it difficult to understand the different deposit/withdrawal methods and the associated security steps, which often leads to unexpected fund losses.

In this article, we will introduce the deposit/withdrawal methods provided by the Binance platform. You will learn how to deposit through the Binance P2P platform, deposit through the bank, deposit crypto, and buy coins with cash. In addition, you will also learn how to withdraw fiat and crypto from Binance without any hassles.

How do I deposit funds to Binance?

Binance supports users to top up funds through the following methods: Binance C2C platform, buying coins with cash, cryptocurrency top-up, and bank account top-up. Let’s take a look at how each method works.

How to deposit via Binance C2C:

1. Visit your Binance account, click [Deposit], and then select the [C2C Trading] option.

2. Select the cryptocurrency you want to buy, the currency you want to buy it in, and the payment method.

3. Browse the list of available sellers and check their rates and terms.

4. Select a seller and follow the instructions provided to make payment via the agreed method.

5. Once the seller confirms receipt of payment, the cryptocurrency will be released to your Binance account.

How to buy coins on Binance using cash:

1. Visit your Binance account, click [Deposit] and select [Buy Coins].

2. Decide which cryptocurrency you want to buy, what currency you want to buy it in, and how much you want to spend.

3. Choose from a variety of payment options such as credit/debit cards or third-party payment providers.

4. If you are recharging using a credit/debit card, you will need to add your card details by clicking [Add New Card] and filling in the necessary information.

5. Then follow the prompts to complete the transaction. The purchased cryptocurrency will be credited to your Binance account.

How to deposit crypto to Binance:

1. Visit your Binance account, click [Deposit], and then select [Deposit Crypto].

2. Select the cryptocurrency you want to top up.

3. Select the deposit network and make sure it is the same as the network of your withdrawal address.

4. Copy the deposit address provided by Binance.

5. Go to the platform where you store your crypto, paste the Binance deposit address, and initiate the transfer.

How to deposit funds to Binance from a personal bank account:

1. Visit your Binance account, click [Deposit], and then select [Deposit by Bank Card].

2. Select the fiat currency you would like to top up, then select one of the available bank transfer methods.

3. Enter the amount you want to top up.

4. Complete the transfer from your personal bank account using the bank details provided by Binance. Please make sure that the name on your bank account matches the name on your Binance account.

How to withdraw funds from Binance?

Binance provides users with two ways to withdraw cryptocurrencies and fiat currencies. Let’s take a look at how these two methods work.

How to withdraw crypto from Binance:

1. Access your Binance account, hover over your account icon in the upper right corner, and select Assets.

2. Click [Withdraw] and select the cryptocurrency you want to withdraw.

3. Enter your withdrawal address and select the correct network. Enter the withdrawal amount.

4. After verifying your withdrawal details, please complete the necessary security verification, such as two-factor authentication (2FA). Binance will also send a confirmation email. Click the link in this email to complete your withdrawal.

How to withdraw fiat from Binance:

1. Access your Binance account, hover over your account icon in the upper right corner, and select Assets.

2. Click [Withdraw], and then select [Fiat Currency Withdraw] on the page that opens.

3. Select the fiat currency you wish to withdraw (e.g. USD, EUR).

4. Select a withdrawal method. Binance supports multiple withdrawal methods, including SWIFT, SEPA, and others, depending on your region.

5. Enter your bank details, including the amount you wish to withdraw. Follow the prompts to fill in the necessary information.

6. Review and confirm the withdrawal details and complete necessary security checks.

7. Withdrawals may take a few minutes or a few days to be processed, depending on the method you choose.

Conclusion

Once you know the methods provided, depositing and withdrawing on Binance is simple. You can deposit through C2C transactions, buy coins with cash, bank transfer, or deposit crypto directly. As for withdrawals, you can choose to withdraw crypto to a specified blockchain address or withdraw fiat currency to your bank account.

Please be sure to double-check all entered details and follow official instructions to avoid being scammed or accidentally losing funds.

Further reading

Disclaimer: All content in this article is provided "as is" for general information and educational purposes only and does not constitute any representation or warranty. This article does not constitute financial, legal, or other professional advice and is not intended to be a recommendation to purchase any specific product or service. You should seek advice from appropriate professional advisors. If this article is contributed by a third party, please note that the opinions expressed herein are those of the third-party contributor and do not necessarily reflect the opinions of Binance Research. For more information, please click here to read the full disclaimer. Cryptocurrency prices may fluctuate. The value of your investment may go down or up, and you may not get back the money you invest. You are solely responsible for your investment decisions and Binance Academy is not responsible for any losses you may incur. This article does not constitute financial, legal, or other professional advice. For more information, please refer to our Terms of Use and Risk Warning.