Top up your account with a bank card

With the bank card, the user Binance can either top up the balance or use the card to buy cryptocurrency, which will be credited to the account. In both cases, the account must be verified. To do this, you will need to enter your full name and date of birth, information about where you live, provide a photo of your ID and undergo a facial scan. On the top left of the site binance.com is the “Buy Cryptocurrency” button, in the drop-down menu of this function you can see the options “Deposit from card” and “Credit/Debit card”. Also in the menu you can choose the fiat currency that will be used in transactions.

Account replenishment

If you need to deposit from a card, then, choosing the currency “ruble”, you must click on “Deposit from card” and go to the transaction page. The method of payment by Visa and Mastercard is already marked on it (bank cards for cryptocurrencies). If the account is not verified, the exchange will prompt to start the process. If verification on Binance has already been passed, then you can continue the transfer in the service, where the data of the card, the amount to be deposited and confirm the transaction. Commission 3.3% is charged on transactions in rubles. The standard time of crediting fiat currency to the user’s account takes about 5 minutes, but it can take up to 24 hours. If the first attempt is unsuccessful, the user can try the transaction again or use a different card.

The principle of crediting other currencies with credit cards is the same, but the transfer fees may be different. It is important to specify the country correctly when registering the account, because credit card entry is not allowed in all countries. But if the money never appeared in the Binance account, and the client is sure that he did everything correctly, he can appeal by clicking on the line in the announcement, which will appear if you hover your cursor over the question “Input not received?”.

On the “Fiat Entry Appeal” page, you should select the currency, mark the method of crediting “Credit card”, the date of the transaction and ID, if any, and click “Next”. On the next page enter details of the credit card from which the money was transferred to the Binance cryptocurrency account, upload a document confirming the payment: the name and number of the bank account, full name and account number of the recipient on the exchange, transaction currency and the amount sent.

This service also has a window for additional comments from the user. After entering all the information, by clicking “Submit”, the appeal is sent for review. Among the most likely causes of unsuccessful transfer from credit card to deposit on the exchange are restrictions imposed on the client in connection with a suspicious transaction, blocking of the card by the issuing bank, temporary blocking by the bank due to a number of rejected payments, and if at the time of the transaction the client’s account is under review in Binance. You should also be aware that not all banks welcome transactions related to cryptocurrencies. And it is better to find out this information before transferring money to Binance and get a card of the bank, which is not noticed in blocking crypto clients.

Buying cryptocurrencies

To buy cryptoassets If you want to buy cryptocurrency with a bank credit card and deposit it on the exchange, you need to select the “Credit/Debit Card” option in the “Buy Cryptocurrency” drop-down menu, click on it and go to the corresponding service.

In the “Write off” line choose the transaction fiat, enter the amount to be spent. In the “Receive” line select the crypto, which is supposed to be bought, and the purchase amount will be generated automatically according to the current rate. After that, you need to click “Continue”. If the account is not verified, at this stage the exchange will require to start this process. If the account is verified, then on the next page as a payment method select a bank card, then fill in the credit card data, including CVV.

Important moment of making a purchase: if the transaction is planned exactly at the price that was calculated at the first stage of the transaction, the correctness of the card data must be confirmed within one minute. Because in a minute the price will already be different. After confirming the data of the credit card, it is necessary to click “Continue” and go to the bank’s page, where the operation is once again confirmed by a one-time code. If all the data is correct, the purchase of cryptocurrency can be carried out instantly, but not always.

You can purchase assets not only in the “Buy Cryptocurrency” section, but also in the “Wallet” section. If you enter the “Wallet Overview” page, in the center you can see the options “Buy cryptocurrency” and “Deposit cryptocurrency”. With their help, you can go to the already familiar services to deposit by card. If a Binance customer plans to buy cryptocurrency from a credit card not once, but regularly, he can automate transactions, both in the browser version and in the mobile app. Up to 5 bank cards can be used.