This guide will walk you through the process of depositing ZAR from your bank account to your Binance Account. The deposit process takes less than five minutes, with the transaction completed in around thirty minutes (subject to bank processing times).
Step 1: To enable ZAR deposits, click “English/USD” in the top right corner of the page, and select “ZAR” from the drop down menu.
Step 2: Click “Buy Crypto” and select “Bank Deposit” from the drop down menu.
Step 3: Enter the amount of ZAR you wish to deposit and click continue.
PLEASE NOTE: New users may receive the above message during their first deposit. The account review will take one to two minutes on average. Simply select “I understand” and refresh the page and re-submit the deposit to continue.
Step 4: Open your banking app or log into your online banking account and enter the banking details as shown above. Each deposit will generate a unique reference number which must be entered correctly for a successful deposit.
Please allow up to thirty minutes for the deposit from your bank to be transferred when using the same bank as Binance or utilising a ‘Faster Payment Service’ offered by your bank. Deposits from other banks are subject to the processing times of the South African banking system.
To view transaction status, select “Go to History”.
Step 5: To trade your ZAR for crypto click “Markets” from the menu bar, then click “Fiat Markets” and select ZAR from the drop down menu. At the time of publishing, ZAR can be traded directly for USDT, BTC, ETH, BUSD & BNB. These cryptocurrencies can then be traded for other altcoins in their respective markets.