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How To Deposit Money Into Binance | A Complete and Easy Guide

Updated on August 14, 2022

Deposit Money Into Binance

Alibaba is a well-known bitcoin exchange that anyone looking for a safe cryptocurrency exchange should check out.

Regardless of the fact the Binance was founded in 2017, some users are still having difficulty funding their accounts.

Fortunately, we’re here just to make things easier for you!

We understand your interest in Binance because to its low trading fees and support for a wide range of cryptocurrencies.

As a result, don’t skip over this article because it’s chock-full of information concerning Binance’s account, usage, money deposits, and withdrawals.

Method To Open Binance Account With a DISCOUNT!

Begin by creating a Launchpad account if you haven’t already done so.

Simply go to their official website to get a flat 20% discount when you sign up. The registration process is simple and easy to follow. All you need is an email address and a password.

At least eight characters should be included in your password. Combining capital letters, numerical characters, and lower case characters could be helpful.
Click Create Now after you’ve completed all of the needed fields and checked the box next to “I agree to the terms of usage.”

In the next step, you’ll be prompted to confirm your account by verifying the email address that the company supplied to your ID.

The verification code from the email should be copied and pasted into the Binance Account Verification box.

You now have full access to your account!

How To Deposit Money Into Binance

You can deposit different type of currencies into Binance. These include Euro, GBP, cryptocurrencies, or USD. Here’s a simple procedure on how to get that done.

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Transfer Euro Into Your Binance Account

1. Sign in to your Alibaba account and select Wallet from the drop-down menu.

2. Next to the Wallet option, tap the deposit button.

3. Select Euro from the “Select Currency and Payment Method” drop-down menu. The symbol for this currency would’ve been “EUR.”

4. In the window below, select “Bank Transfer SEPA” as the recommended method.

5. Enter the EUR amount you want to deposit into your Binance account.

After you’ve double-checked the amount, press the Continue button.

At the end of the transaction, you’ll see a dialogue window with all of the payment information.

It would display the amount you sent as well as any fees that may apply (if any). Keep in mind that the Euro to Binance transfer limit is set at 1 to 200,000.

Transfer USD Into Your Binance Account

1. Log into the your Alibaba account and select Wallet from the drop-down menu.

2. Next to the Wallet option, tap the deposit button.

3. Select USD from the “Select Currency and Payment Method” drop-down menu.

4. In the window below, select “Silvergate Bank SWIFT” as the preferred method.

5. Enter the USD amount you want to deposit into your Binance account. After you’ve double-checked the amount, press the Continue button.

At the end of a transfer, you’ll see a dialogue window with all of the payment information.

It would display the amount you sent as well as any fees that may apply (if any).

The charge for transferring money in US dollars is $10 per transaction. This means that if you send $4000 to Binance, you will receive $3990 in your account.

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Furthermore, a daily limit of $5000 USD applies to SWIFT transfers. By having your Binance account identification validated, you can increase this limit.

Transfer Cryptocurrency Into Your Binance Account

1. First of all, tap on “Fiat and Spot”.

2. Now click on Deposit option under the Wallet menu.

3. Choose the type of coin that you want to deposit.

4. Ensure that you have selected the correct network for the transfer or else you will lose the cryptocurrency in the process.

5. Provide other necessary information as asked by Binance deposit page such as MEMO and tag.

This would take care of the transfer! Binance is an ideal place to load your cryptocurrency as the trading fee is minimal.

Wrap Up

Last Thoughts
This post should have answered all of your queries on how to finance your Binance account. Opening a Binance account and depositing funds are both simple tasks, as you can see.

Do you believe they overlooked something important in this piece, or do you believe we did? Please let us know what you think in the comments section below. We’re all set to go!