Binance is the largest exchange in the world, but in Korea, it is legally restricted to deposit KRW directly or buy coins with a card. Therefore, Korean users must go through domestic exchanges like Upbit, Bithumb, and Coinone to deposit via the 'coin transfer' method.
Today, I will provide a detailed guide on how to transfer assets to Binance as quickly and cheaply as possible while complying with the latest travel rule regulations, tailored to beginners.
Before that, first, to receive a discount on transaction fees, I recommend signing up through the link to get a Binance fee discount!
1. Why do I need to send using Ripple (XRP) or Tron (TRX)?
You can send Bitcoin (BTC) or Ethereum (ETH) directly, but most experienced investors use Ripple (XRP) or Tron (TRX). The reason is clear.
Overwhelming speed: While Bitcoin can take tens of minutes to transfer, Ripple and Tron usually arrive at the Binance wallet within 1 to 5 minutes.
Low fees: While Ethereum may incur fees of tens of thousands of won depending on network congestion, Ripple and Tron can be transferred at very low costs of a few hundred won.
Liquidity: They are listed on all exchanges, making them very easy to exchange.
2. Check the deposit address and tag on Binance
First, you need to check the 'Binance address' where you will receive your assets. This explanation is based on the English menu of the Binance app in 2026.
Click on the [Assets] or [Wallets] tab at the bottom of the Binance app.
Click the yellow [Deposit] button and select [Deposit Crypto].
Type in the coin to be sent, XRP (or TRX), in the search box and select it.
Select Network (very important): You must choose the Ripple network. (For Tron, select Tron (TRC20) instead of BEP20)
Copy both 'XRP Deposit Address' and 'XRP Tag' that appear on the screen. Be careful, as if you only write the address and miss the tag, it will be very difficult to find the assets.
3. Apply for withdrawal at domestic exchanges (such as Upbit)
Now it's time to move to the domestic exchange app and send the coins to Binance.
Buy Ripple (XRP) at a domestic exchange (e.g., Upbit).
Select Ripple from the [Deposit/Withdrawal] menu and click [Withdraw].
After determining the withdrawal amount, click confirm to bring up the address input window.
Recipient address: Paste the address you copied from Binance a moment ago.
Destination tag: Make sure to paste the tag, which is a number copied from Binance.
2-Factor Authentication: Complete the final withdrawal approval through KakaoTalk verification or Naver verification, etc.
4. Travel Rule and Precautions
In South Korea, the travel rule applies to virtual asset transfers over 1 million won. If violated, deposits will be rejected, and you will have to go through a return process, so please check the following.
Name match: The registered name (in English/Korean) of the domestic exchange user must match the name registered during Binance KYC (identity verification). Sending through a family member's or another person's account has a high probability of being rejected.
Link confirmation: It is safe to first check whether your Binance account is officially 'linked' in the [Account Information] menu within the Upbit or Bithumb apps.
Deposit confirmation time: Since the blockchain network's approval process is needed, even if the withdrawal completion message appears, you should wait with a margin of about 3 to 10 minutes for it to reflect in the Binance wallet.
5. Convert to Tether (USDT) after depositing on Binance
If Ripple or Tron has arrived at Binance, you need to convert it to Tether (USDT), which acts as dollars to buy other coins.
[Trade] → [Spot] menu.
Select the XRP/USDT pair.
In the [Sell] tab, sell all the Ripple I sent at market price.
Now I have USDT in my wallet. With this USDT, I can buy any coin I want, such as Bitcoin or Solana, or start trading futures.
Completion
The deposit method on Binance can be summarized in three steps: 'Buy coins at the domestic exchange → Copy Binance address/tag → Apply for withdrawal from the domestic exchange'. Especially under the strengthened security regulations of 2026, entering the destination tag and matching names are the most basic yet important rules to protect your assets.
At first, the English menu and the complex address system may feel unfamiliar, but if you develop the habit of testing small transfers before moving larger amounts, anyone can safely utilize the liquidity of the world's number one exchange. I hope you can successfully start your overseas investment journey through the detailed guide provided today.