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Guide to deposit funds in Binance exchange

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On this occasion we have decided to re-publish an original article from Binance where it is possible to learn the step by step of how to deposit or fund your account in the exchange, to subsequently start trading. We hope it helps you.

Binance supports trading of over 150 different cryptocurrencies, and you can deposit any of these on the exchange. In this example, we will deposit BNB from Trust Wallet.

From the Binance home page, move your mouse to your profile icon. The icon will be different for everyone and is defined based on the first two letters of your email address.

Once you activate the dropdown menu, you will see a summary of your profile. Click "Deposit" and it will take you to the deposit page.

How to deposit in Binance

Once on the deposit page, you can select which currency you want to deposit.

Binance supports the deposit of more than 150 cryptocurrencies. However, it is important to note that sometimes deposits will not be available for certain cryptocurrencies if the portfolio is under maintenance.

The coin selection is on the left side of the screen, and the deposit details will be displayed on the right side.

How to deposit in Binance

Depending on the cryptocurrency you have selected to deposit, there may be a specific process for depositing that currency. In the case of BNB, a MEMO is required when depositing it on the Binance exchange. Once you have read and understood the warning, select "I understand" and continue.

How to deposit in Binance

After proceeding to the next stage, your BNB deposit address will be displayed on the screen along with the deposit MEMO. If you do not include the MEMO when depositing, your deposit will be forfeited.

Why is a MEMO required?

A MEMO is required because the BNB deposit address for all users is identical. The MEMO is a unique identifier assigned to each account that enables Binance to identify a deposit and credit the corresponding account.

How to deposit in Binance

Now that you have the details of your deposit, you can open the wallet from which you want to send the deposit. For this example, we will use Trust Wallet on iOS. If you don't have a Trust Wallet, you can download it from the Trust Wallet website.

Once your wallet is open, select the currency you want to send. In this case, it is BNB.

How to deposit in Binance

Now click "Submit."

How to deposit in Binance

From this screen, you have to enter your Binance and MEMO deposit address. The easiest way to enter your address is to scan the QR code available on Binance. You can view your QR code by clicking "Show QR code" on the website.

How to deposit in Binance

How to deposit in Binance

Once you have entered your details, you can send the transaction and your Binance account will be credited soon after.

How to deposit in Binance

Buying cryptocurrencies in Binance with a credit card

You can also buy cryptocurrencies using your credit card. To do this, move the mouse up to the icon of your profile. Once you activate the drop-down menu, click "Buy by credit card" to go to the next step.

How to deposit in Binance

On the next page, you can select which currency you want to buy, as well as the amount of the order. The total charge will be displayed according to the order amount and the current market price (all fees are included). If you prefer, you can set the total charge first and the order amount will be calculated automatically.

How to deposit in Binance

When you're ready, click "Buy Now." A window will appear so you can confirm the details of your order. Read the disclaimer and the Terms of use and if you agree, check the box and click "Go to payment".

How to deposit in Binance

Next, you will be asked to fill in your credit card details along with your personal information. When you're done, click "Pay Now."

How to deposit in Binance

How to deposit in Binance

Wait for your credit card to be verified.

How to deposit in Binance

If this is your first Simplex payment, you will be asked to verify your email and phone number. You will receive an email and an SMS with a verification code. To finish the verification process, you must open the link sent by email and insert the code received by SMS. Once you're done, click "Continue."

How to deposit in Binance

You will then be asked to verify your identity using an official document. Upload an image of your document along with your personal information and click "Upload document".

How to deposit in Binance

Finally, your documents will be verified and, if they are approved, you will receive an email indicating that your purchase has been confirmed. Your Binance account will be credited shortly thereafter with the purchased cryptocurrency.

Source of the original article: https://www.binance.vision/en/tutorials/how-to-deposit#purchase

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