Topping up your Binance account

Make a deposit on the exchange Binance can only be done after registration and verification of the account. Let’s see in detail how to do it on the site binance.com.

Registration

The registration algorithm on the Binance cryptocurrency assets platform is not complicated. On the start page of the site, there is a “Registration” button. After clicking on it, you first need to mark the country of registration of the account.

After that, the email address is entered into the appropriate line, a password is generated and a confirmation code is sent to this email.

After confirming the email, the cell phone number is confirmed in exactly the same way. After confirming the number, the user is offered to buy a cryptocurrency or top up his account.

Account replenishment

Transfer money to crypto exchange Binance is offered immediately, on the first visit to the platform. But in fact it is possible only after the verification of the account, that is, after confirming the identity of the client. At the top of the site on the left there is a button “Buy cryptocurrency”, you can also deposit your account from the “Wallet” section, on the “Wallet Overview” page, the entrance to which is located at the top right of the site. Before you buy cryptocurrency on the exchange, you need to determine the currency in which you intend to make settlements. Depending on the selected currency, the client is offered different ways to deposit.

For example, if you choose RUB in the “Buy Cryptocurrency” section and select “Topup with card” in the menu, then a new page indicates not only the ability to pay by Visa and MasterCard, but also Payment Systems Advcash and Payeer. Currency can be changed, as well as the input method. The way of deposit with Advcash and Payeer is not indicated separately, but both payment systems can be used, and in this way the deposit is replenished without commissions.

Depositing rubles by card is subject to a fee of 3.3%. When depositing other currencies, commissions will be different. Having chosen the method of deposit to the account, you need to click “Continue”. If the account is not verified, the system will offer to pass this step. After confirmation of documents it is possible to continue the process of funds depositing.

Buying cryptocurrency

It is possible to buy cryptocurrency with the help of a card, as well as through payment systems. It is not an operation of depositing fiat funds, but immediately the purchase of the desired cryptocurrency, which is credited to the client’s account. To buy cryptocurrency from the card, you need to click “Credit/Debit Card”. On the purchase page you enter the currency and the amount of debit, the currency and the amount of receipt, click “Continue” to open the purchase service, which specifies the purchase currency and amount. Then you need to go to the page of filling in the credit card details. After confirming that the details are correct, the customer proceeds to the bank transaction page, where he confirms the crediting of money to the cryptocurrency with a code. The money may not arrive to the account immediately, sometimes the operation stretches for the entire business day.

If you choose American dollar as the deposit currency, you can deposit through SWIFT. To do this, select Bank Transfer (SWIFT) under “Deposit in fiat”, click “Continue” to go to the purchase service, where you enter the amount to be spent and the crypto to be purchased. On the next page the bank account details and identification code are entered, and the transaction is completed. Money sent in this way is deposited into the crypto exchange’s account, usually within a business day. There are complications in sending money via SWIFT to a Binance account, which are described on the crypto-exchange’s website.

When transferring by payment systems the client goes to the site of the chosen system and therefore Binance disclaims responsibility for possible problems and if this condition satisfies the client, he will have to confirm his consent. If it is planned to enroll money by a payment system, such as Advcash, Simplex, MercuryoIf you want to buy cryptocurrency, Banxa, then put a dot in the checkbox in the corresponding line and click “Continue”. Payment systems charge different commissions, which should be clarified on their websites, in addition, the price of buying cryptocurrency will be higher than the exchange. But in this case, the money can come to the account instantly.

To make a transaction, the client goes to the website of the payment system, creates an order to buy and transfer the cryptocurrency to the deposit on the Binance exchange. He enters personal data: e-mail, phone number, if he agrees with the terms of money transfer offered by the payment system, he confirms his consent and completes the transaction. If the money does not come to the account, it is necessary to contact the support address of the payment system for explanations.

Another way to buy cryptocurrency is P2P trading (P2P Binance Wallet). You need to click on the appropriate item in the drop-down menu of the “Buy Cryptocurrency” section. The essence of P2P exchange is that bidders buy and sell cryptocurrencies without intermediaries, directly, from almost any country. The scheme is very simple: the buyer places an order, crypto-assets are deposited in the service. The buyer pays for the purchase using the payment methods offered.

Once the seller confirms receipt of the money, the deposited amount is transferred to the buyer. When first logging into the P2P service, Binance will warn about the risks of this type of trading, and the customer must confirm that he understands his responsibility. Besides, before making transactions in P2P service, it is necessary to read the rules of work, which are described on the website of the crypto-exchange.