How to Deposit on Binance – Step by Step Guide for Beginners
How to Deposit on Binance (Complete Beginner Guide)
Binance is one of the world’s largest cryptocurrency exchanges, trusted by millions of users. Before you can start trading on Binance, you must deposit funds into your account.
In this guide, you will learn how to deposit on Binance step by step, using different methods such as crypto deposit, P2P trading, and bank transfer.
Things You Need Before Depositing on Binance
Before making a deposit, ensure you have:
A verified Binance account
Access to Binance app or website
Cryptocurrency or local currency
Stable internet connection
⚠️ Always log in to the official Binance website or app.
Method 1: Deposit Cryptocurrency on Binance (Most Common)
This method is best if you already have crypto in another wallet or exchange.
Step 1: Login to Your Binance Account
Go to Binance app or website
Login with your email/phone and password
Step 2: Go to Deposit Page
Click Wallet
Select Deposit
Choose Crypto Deposit
Step 3: Select Cryptocurrency
Choose the coin you want to deposit (e.g., USDT, BTC, ETH)
Step 4: Select Network
Choose the correct network (e.g., TRC20, ERC20, BEP20)
⚠️ Important:
If you choose the wrong network, your funds may be lost.
Step 5: Copy Wallet Address
Copy the deposit address
Paste it into the sender wallet
Send the crypto
Step 6: Wait for Confirmation
Blockchain confirmation usually takes a few minutes
Your funds will appear in your Binance wallet
Method 2: Deposit via Binance P2P (Beginner Friendly)
P2P is very popular in many countries.
What is Binance P2P?
Binance P2P allows you to buy crypto directly from other users using local payment methods.
Step 1: Go to P2P Trading
Open Binance app
Tap Trade → P2P
Step 2: Choose Buy
Select Buy
Choose crypto (usually USDT)
Step 3: Select Payment Method
Choose your preferred payment method (bank, mobile wallet, etc.)
Enter amount
Step 4: Make Payment
Send money to the seller
Click Transferred
Step 5: Receive Crypto
Seller releases crypto
USDT appears in your P2P wallet
Method 3: Deposit Using Bank Transfer (If Available)
Some countries allow direct bank deposits.
Steps:
Go to Wallet → Deposit → Fiat
Select currency
Choose bank transfer
Follow on-screen instructions
Availability depends on your country.
Deposit Fees on Binance
Crypto Deposit: Free
P2P Deposit: No fee
Bank Transfer: Depends on country & bank
Common Deposit Mistakes to Avoid
❌ Sending funds to the wrong network
❌ Copying wrong wallet address
❌ Not completing KYC verification
❌ Sending unsupported coins
Always double-check before sending funds.
How Long Does Binance Deposit Take?
Crypto deposit: 5–30 minutes
P2P deposit: 5–15 minutes
Bank transfer: Instant to 1–2 business days
Is Depositing on Binance Safe?
Yes, depositing on Binance is safe if you:
Use official app/website
Enable 2FA
Double-check wallet details
Avoid third-party links
Final Thoughts
Depositing on Binance is simple once you understand the process. For beginners, P2P deposit is often the easiest option, while crypto deposit is best for experienced users.
After depositing, you can start:
Spot trading
Futures trading
Staking & earning