Last Updated: September 12, 2024
Pro Tip: For most users, "Crypto Transfer" is the fastest and cheapest deposit method. Large USD holders may prefer bank wire transfers for better exchange rates.
What Is a Binance Deposit?
Depositing funds (or "topping up") refers to transferring money into your Binance account. This process is common across traditional finance and crypto markets, with terms like deposit, transfer, or top-up used interchangeably.
5 Binance Deposit Methods Compared
Binance supports three main categories of deposit options, totaling five distinct methods:
- Crypto Transfer (Blockchain)
- C2C Trading (Peer-to-Peer)
- Credit/Debit Card
- Apple Pay
- Bank Wire Transfer (Fiat)
Fee Comparison Table (USDT Example)
| Method | Exchange Rate | Fees | Processing Time |
|---|---|---|---|
| Crypto Transfer | Market Rate | ~$0.30-$1 (Gas Fee) | Minutes-Hours |
| C2C Trading | Variable | None | 15-60 Minutes |
| Credit Card | 3-5% Markup | 3.5% Combined | Instant |
| Apple Pay | 3-5% Markup | 3.5% Combined | Instant |
| Bank Wire (USD) | Best (Bank FX) | $20-$40 Flat Fee | 2-3 Business Days |
1: Crypto Transfer (Recommended)
Best for: Low-cost, fast deposits
How it works:
- Buy USDT on a local exchange (e.g., ACE, MAX)
- Transfer to Binance via TRC20/BSC/Polygon networks
Step-by-Step Guide:
- In Binance App: Tap Deposit → Crypto → Select USDT
- Choose network (TRC20 recommended) → Copy wallet address
- From sender exchange: Paste address → Confirm transaction
⚠️ Critical Checks:
- Double-check wallet address
- Match sender/receiver networks (e.g., TRC20→TRC20)
- Note minimum deposit amounts
👉 Want lower fees? Use TRC20 for USDT transfers
2: C2C Trading
Best for: Flexible payment options
Pros:
- Zero platform fees
- Supports bank transfers, e-wallets, cash
Cons:
- Requires vetting sellers
- Potential fraud risk
How to Buy:
- Navigate to C2C Trading in Binance
- Filter sellers by payment method/price
- Pay seller directly → Wait for coin release
3/#4: Credit Card & Apple Pay
Best for: Urgent small deposits
Key Info:
- 3.5% total fees (2% Binance + 1.5% card issuer)
- Instant processing
👉 First-time users get fee discounts
5: Bank Wire (Fiat)
Best for: Large USD holders
Current Status:
- Not available for Taiwanese users (as of 2024)
- Global USD wires paused since Feb 2023
FAQ
Q: Which method has the lowest fees?
A: Crypto transfers via TRC20/BSC networks (under $1 per transaction).
Q: Can I deposit TWD directly?
A: No, but you can buy crypto with TWD via credit card or C2C.
Q: Why was my bank wire rejected?
A: Ensure the account name matches your Binance KYC details exactly.
Final Tip
For recurring investments, set up auto-invest with Binance's DCA feature to spread purchase costs over time. Always prioritize security by enabling 2FA and verifying deposit addresses!