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Cash to Crypto: How to Top Up Crypto On Your Binance Pay via Fiat Channels


Discover how you can use local currency to top up your Binance Pay with crypto funds.

Key Takeaways

  • In this article, you'll learn how to add crypto funds to your Binance Pay account using Binance’s fiat channels.

  • With Binance Pay, you can live the crypto lifestyle. Shop with crypto or send crypto to your friends and family worldwide—at no extra cost. 

What is Binance Pay and How do I Use The Fiat Channels

Binance Pay launched in February 2021 as a contactless, borderless, and secure crypto payment service.  With Binance Pay, you can shop with crypto or send crypto to your friends and family worldwide – at no extra cost. Binance Pay is part of our long-term mission to enrich the crypto journey, empowering people to use crypto in their everyday life. 

To access Binance Pay, download the Binance app, go to Wallets and then select Pay from the options on the top of your screen. 

If you want to fund your Binance Pay account, you can instantly transfer crypto holdings from your Binance Spot Wallet to the new Funding Wallet, your one-stop wallet for Binance Pay, P2P, Card and Gift Cards. Once you’ve transferred the funds, you’re all set to send and receive crypto payments on Binance Pay. 

But what if you only have local currency? You can still take advantage of Binance’s various fiat payment options such as:

  1. Bank transfers

  2. Credit and debit cards

  3. Cash balance and wallet options

In this article, you’ll learn how to use Binance’s fiat channels to fund your Binance Pay wallet with supported cryptocurrencies. 

Turning Your Cash to Crypto For Use on Binance Pay

Depending on your region, there are different ways to top up your Binance Pay via fiat channels, from credit cards to bank transfers and other options. 

For this example, we’re going to walk you through each step to top up your Binance Pay with a credit or debit card.  

Step 1: Go to the Credit/Debit Card page. On your desktop, you can access this by clicking Buy Crypto and then choosing Credit/Debit Card. On the app, tap the Buy with Cash button on the home screen, then select Credit/Debit Card. 

Step 2: On the Buy Crypto screen, select your preferred fiat currency, amount and the crypto you want to buy. 

Step 3: You can pay using a new card, but first, you’ll have to add your credit card details to our system before proceeding with the purchase. Otherwise, you can choose from the cards you’ve already registered on your Binance account.

Step 4: Confirm your transaction details within one minute. Once you receive the crypto in your Spot Wallet, transfer the funds to your Binance Pay wallet. 

Deposit and Immediately Convert Cash Into Crypto To Be Used On Binance Pay

Another easy way to fund your Binance Pay is to deposit fiat in your spot wallet and trade for a supported cryptocurrency. Here’s a simple way to convert your cash into crypto using card deposit. 

Please note:  Binance supports fiat deposits in select local currencies. Please check if your local currency is supported before proceeding.

Step 1: On your desktop, go to Buy Crypto, then select Card Deposit. On the app, go to Wallets, then under Overview, tap Deposit. 

Step 2: Select one of the Binance-supported fiat currencies, then select Bank Card under the payment options.

Step 3: Enter the amount of fiat currency that you want to deposit. Select your preferred credit or debit card or even enter a new one, then confirm the transaction once prompted. 

Step 4: Go to Markets, search for a trading pair that supports your deposited fiat currency, then enter the trading screen for that pair. 

Step 5: Make a Spot trade by using your deposited fiat currency to purchase your preferred cryptocurrency. For more details, you can consult our Spot Trading FAQ

To further understand your options on whether you should buy crypto directly using fiat currency or deposit fiat funds before converting them to crypto, you can consult this article: Do You Buy Crypto with Card or Card Deposits? What's The Difference?

Transferring Your Crypto to Binance Pay

Before you top up your funds on Binance Pay, please keep in mind that Binance Pay currently supports the following cryptocurrencies: BTC, BNB, BUSD, ETH, ADA, ATOM, AVA, BCH, BIDR, CHR, CTSI, DAI, DASH, DOGE, DOT, EGLD, EOS, ETC, FIL, FRONT, FTM, GRS, HBAR, IOTX, LINK, LTC, MANA, MATIC, NEO, OM, ONE, PAX, QTUM, SLP, STRAX, SUPER, SXP, TKO, TRX, TUSD, UNI, USDC, USDT, VAI, VET, WRX, XLM, XMR, XRP, XTZ, XVG, XVS, ZEC, and ZIL.

Topping up your Binance Pay takes only a few taps. For a full FAQ guide, please read “What is Binance Pay and how to use Binance Pay”.

Here’s how: 

Step 1: Whether you’re accessing Binance via desktop or app, go to Wallet, then Overview. Choose Transfer.

Step 2: Select Fiat and Spot under From and Funding under To. Choose a cryptocurrency that Binance Pay supports, enter the amount you want to transfer, and tap Confirm.

Step 3: You can now use the crypto in your Funding wallet to make everyday payments through Binance Pay.

Please note, the Funding wallet is now a one-stop hub for all the assets you’ll use across these services: Binance Pay, P2P, Card and Gift Card.

Benefits and Use Cases of Binance Pay

Simply put, we’re making crypto payments easy with Binance Pay. We do this in three ways:

  1. Smooth crypto transactions to various merchants. Binance Pay is supported and trusted by an extensive roster of crypto-friendly merchants like Travala. You can visit this page to see the full list of merchants who accept Binance Pay. 

  2. Lightning-fast transfers. Instantly send crypto to your friends and family around the world with just a QR scan or a single tap. 

  3. Zero handling fees. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.

As noted earlier, we’re building Binance Pay to become a long-term solution for crypto payments. With the support and trust of reputable companies like Travala, we’re excited to provide more merchants in the future.  In the meantime, stay tuned for new use cases and benefits in the coming days, including the upcoming payment solution we’re working on with Alchemy Pay.

Live the #CryptoLifestyle with Binance 

Get started by signing up for a account or download the Binance crypto trading app. Next, verify your account to increase your crypto purchase limit. After you've verified your account, there are two main ways to buy cryptocurrencies on Binance using cash: you can buy crypto with cash from Binance via bank transfer, card channels or e-wallets options.  

Linking your debit card, credit card, or bank account (available in many regions) is one of the easiest ways to buy Bitcoin and more than 100+ cryptocurrencies.  

Disclaimer: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.

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