What fiat currency deposit methods does Binance support?

Binance enables fiat currency deposits via bank transfer, credit/debit cards, third-party payment providers, PayPal (regionally), local payment methods, and mobile payment wallets.

Feb 21, 2025 at 12:41 pm

• Process:

• Log in to your Binance account.

• Navigate to the “Wallet” section and select “Fiat and Spot”.

• Click on “Deposit” and choose your desired fiat currency. Then select “Bank Transfer” as the deposit method.

• Follow the provided instructions to complete the transfer. You will be given the recipient's bank account details, including the bank name, account number, and routing number.

• Points to Note:

• The processing time for bank transfers can vary widely, usually ranging from 1 - 5 business days, depending on the banks involved and the region.

• Some banks may have restrictions on international transfers or transactions related to cryptocurrency. It's advisable to check with your bank in advance.

• There may be transfer fees charged by both your bank and Binance. Make sure to understand these fees clearly before proceeding.

• Process:

• Enter your Binance account and go to the “Fiat and Spot” section in the wallet.

• Select “Deposit” and choose your fiat currency. Then select “Credit/Debit Card” as the deposit option.

• Enter your card details, including the card number, expiration date, and CVV code.

• You may be redirected to a secure payment gateway for additional verification, such as 3D - Secure authentication.

• Points to Note:

• Many card - issuing banks have strict policies against cryptocurrency - related transactions. Your card payment may be declined without prior notice.

• Binance may charge a certain percentage as a processing fee for credit/debit card deposits. This fee can range from 3% - 5% of the deposit amount.

• Ensure that you are using a secure network when entering your card details to prevent any potential security risks.

• Process:

• After logging into your Binance account, access the “Fiat and Spot” wallet.

• Click “Deposit” and pick your fiat currency. Then, select the third - party payment provider you want to use from the available options.

• Follow the provider - specific instructions. This may involve creating an account with the third - party, linking your bank account or card to the third - party platform, and then making the transfer to Binance through the third - party.

• Points to Note:

• Each third - party payment provider has its own set of rules, fees, and processing times. For example, some providers may have daily or monthly deposit limits.

• The security of your funds and personal information depends on the reputation and security measures of the third - party provider. Research the provider thoroughly before using their services.

• There may be additional verification steps required by the third - party provider, which can sometimes cause delays in the deposit process.

• Process:

• If available in your region, log in to Binance and head to the “Fiat and Spot” wallet section.

• Select “Deposit” and your fiat currency. Then choose “PayPal” as the deposit method.

• You will be redirected to the PayPal website. Log in to your PayPal account and confirm the payment details.

• Points to Note:

• PayPal's availability for cryptocurrency deposits is limited to certain regions. Check if it's available in your area before attempting to use it.

• PayPal may have its own set of fees for transactions related to cryptocurrency deposits. These fees can be based on a percentage of the deposit amount or a fixed - fee structure.

• There may be restrictions on the amount you can deposit via PayPal, and the processing time can vary from instant to a few business days.

• Process:

• Log in to Binance and access the “Fiat and Spot” wallet.

• Click “Deposit” and select your fiat currency. Then, look for local payment methods available in your region.

• The process varies depending on the specific local method. For example, if it's a local bank - based e - wallet, you may need to link your e - wallet account to Binance and then transfer funds.

• Points to Note:

• Local payment methods are highly region - specific, and their availability, fees, and processing times can differ greatly.

• Some local methods may require additional documentation for verification purposes. Make sure to have all the necessary documents ready.

• Ensure that the local payment method you choose is regulated and secure to protect your funds and personal information.

• Process:

• Once logged into your Binance account, go to the “Fiat and Spot” wallet.

• Select “Deposit” and your fiat currency. Then, if available, choose the mobile payment wallet option.

• Link your mobile wallet to Binance. This may involve scanning a QR code, entering wallet - specific details, or using an authentication code sent to your mobile device.

• Confirm the deposit amount and complete the transaction within the mobile wallet app.

• Points to Note:

• Mobile payment wallets are only available in certain regions. Check the availability in your area before proceeding.

• Each mobile wallet has its own security and privacy policies. Make sure you understand and trust these policies before using the wallet to deposit funds into Binance.

• There may be limits on the amount you can deposit using a mobile payment wallet, and some wallets may charge a small fee for the transaction.

• Process:

• Log in to your Binance account and navigate to the “Fiat and Spot” wallet.

• Select “Deposit” and your fiat currency. Then choose “Prepaid Card” as the deposit method.

• Enter the prepaid card details, which usually include the card number, PIN (if required), and expiration date.

• Confirm the deposit amount and complete the transaction.

• Points to Note:

• Prepaid cards may have a limited balance, so ensure that the card has sufficient funds for your desired deposit amount.

• Some prepaid card providers may have restrictions on using the card for cryptocurrency - related transactions. Check with the card provider beforehand.

• Binance may charge a processing fee for prepaid card deposits, and the fee structure can vary depending on the type of prepaid card.