1. Log in to your Binance account and go to [Buy Crypto]. Choose to spend EUR to receive USDT. Enter the amount you would like to spend or receive and click [Buy USDT].
2. If you haven’t completed identity verification for your Binance account, you’ll be prompted to do so at this step.
3. Select [Bank Transfer (SEPA)] as your preferred payment method and click [Confirm] within the specified time, after which the quote will be automatically refreshed.
4. You may need to complete additional verifications before continuing.
5. To comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) laws and regulations, you may be asked to provide more information, such as completing a Source of Fund Declaration. The review process could take 3 - 5 working days. If you wish to cancel the deposit instead, the refund could take 3 - 4 working days to process.
6. You’ll see the order details. Complete the bank transfer accordingly to proceed with the order.
7. After completing the transaction, you will be redirected back to Binance. You may view the transaction status here, or click [View History] for more details.
You can learn how to sell USDT to EUR via SEPA bank transfer here.
Frequently Asked Questions
1. What is the bank transfer reference code?
When you make a bank transfer (deposit, withdrawal, or crypto purchase/sale) on Binance, you’ll see a unique reference code starting with and ending with B. The unique reference code identifies the specific Binance account and the amount of the transaction, which allows the system to credit the correct amount to the correct account.
Please note that you must include the reference code when making a bank transfer.
2. How to add the reference code to a transaction?
You must include the reference code when initiating a transaction. Typically, you can enter the reference code under “Reference”, “Message to Receiver”, "Originator to Beneficiary Information (OBI)", "Remittance Information", or similar fields.
In some cases, you’ll find multiple fields for entering references. Please enter the reference code under the correct field, or Binance won’t be able to view the code. You may contact your bank for further clarification on which field is applicable.
3. What happens if I forget to include the reference code or include the wrong reference code?
Your transaction will have to go through an additional review process before it can be credited to your account, which may take longer for the funds to arrive. There is also a possibility that the transaction will be refunded to your bank account after the additional review.