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How to Deposit Crypto to Binance

2018-01-04 10:32
App
Web
Frequently Asked Questions
App
If you own cryptocurrency on another platform or wallet, you can transfer them to your Binance Wallet for trading or earn passive income with our suite of services on Binance Earn.
Tutorial Video

How to deposit crypto on the Binance App?

1. Open your Binance App and tap [Wallets] - [Deposit].
2. Choose the cryptocurrency you want to deposit, for example, USDT.
3. You will see the available network for depositing USDT. Please choose the deposit network carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, you will lose your funds.
  • BEP2 refers to the BNB Beacon Chain (former Binance Chain).
  • BEP20 refers to the BNB Smart Chain (BSC) (former Binance Smart Chain).
  • ERC20 refers to the Ethereum network. Its native cryptocurrency is ETH.
  • TRC20 refers to the TRON network.
  • EOS refers to the Enterprise Operation System network.
  • BTC refers to the Bitcoin network.
  • BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. You can withdraw or send Bitcoin to SegWit (bech32) addresses. For more details, please refer to What Is Segregated Witness (SegWit).
For certain networks, such as BEP2 or EOS, you must fill in the Memo when making a transfer, or your address cannot be detected.
4. You will see a QR code and the deposit address. Tap to copy your Binance Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from. You may also tap [Save as Image] and import the QR code on the withdrawing platform directly.
You can also tap [Change Wallet] to select either the Spot Wallet or Funding Wallet to make a deposit.
5. After confirming the deposit request, the transfer will be processed. The funds will be credited to your Binance account shortly after.
Tutorial Video

How to deposit crypto on the Binance website?

1. Log into your Binance account and click [Wallet] - [Overview].
2. Click [Deposit] and you will see a pop-up window.
3.Click [Crypto Deposit].
4. Select the cryptocurrency you want to deposit, such as USDT.
5. Next, choose the deposit network. Please make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, you will lose your funds.
Summary of network selection:
  • BEP2 refers to the BNB Beacon Chain (former Binance Chain).
  • BEP20 refers to the BNB Smart Chain (BSC) (former Binance Smart Chain).
  • ERC20 refers to the Ethereum network.
  • TRC20 refers to the TRON network.
  • BTC refers to the Bitcoin network.
  • BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. Users are allowed to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses. For more details, please refer to What Is Segregated Witness (SegWit).
For certain networks, such as BEP2 or EOS, you must fill in the Memo when making a transfer, or your address cannot be detected.
6. In this example, we will withdraw USDT from another platform and deposit it into Binance. Since we are withdrawing from an ERC20 address (Ethereum blockchain), we will select the ERC20 deposit network.
  • The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from. If the external platform only supports ERC20, you must select the ERC20 deposit network.
  • DO NOT select the cheapest fee option. Select the one that is compatible with the external platform. For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.
7. Click to copy your Binance Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from.
Alternatively, you can click the QR code icon to get a QR code of the address and import it to the platform you’re withdrawing.
8. After confirming the withdrawal request, it takes time for the transaction to be confirmed. The confirmation time varies depending on the blockchain and its current network traffic.
Once the transfer is processed, the funds will be credited to your Binance account shortly after.
9. You can check the status of your deposit from [Transaction History], as well as more information on your recent transactions.
1. How to find my Binance deposit address?
Cryptocurrencies are deposited via a deposit address. To view the deposit address of your Binance Wallet, go to [Wallet] - [Overview] - [Deposit]. Click [Crypto Deposit] and select the coin you wish to deposit and the network you’re using. You will see the deposit address. Copy and paste the address to the platform or wallet you are withdrawing from to transfer them to your Binance Wallet. In some cases, you will also need to include a MEMO.
2. How to check my transaction history?
You can check the status of your deposit or withdrawal from [Wallet] - [Overview] - [Transaction History].
If you’re using the App, go to [Wallets] - [Overview] - [Spot] and tap the [Transaction History] icon on the right.
If you don’t own any cryptocurrency, you can click [Buy Crypto] to buy from P2P trading.
3. What is a tag/memo and why do I need to enter it when depositing crypto?
A tag or memo is a unique identifier assigned to each account for identifying a deposit and crediting the appropriate account. When depositing certain crypto, such as BNB, XEM, XLM, XRP, KAVA, LUNA, ATOM, BAND, EOS, etc., you need to enter the respective tag or memo for it to be successfully credited.
4. How long does it take for my funds to arrive? What is the transaction fee?
After confirming your request on Binance, it takes time for the transaction to be confirmed on the blockchain. The confirmation time varies depending on the blockchain and its current network traffic.
For example, if you’re depositing USDT, Binance supports the ERC20, BEP2, and TRC20 networks. You can select the desired network from the platform you’re withdrawing from, enter the amount to withdraw, and you will see the relevant transaction fees.
The funds will be credited to your Binance account shortly after the network confirms the transaction.
Please note if you entered the wrong deposit address or selected an unsupported network, your funds will be lost. Always check carefully before you confirm the transaction.