A beginner who chooses an exchange for trading cryptocurrencies often turns to the help of recommendations, tops, and statistics. And since the Binance exchange is a leader in many respects, it is often chosen. Today the editors of Profinvestment.com will tell you how you can top up your Binance account in different ways - not all of them are obvious and lie on the surface, but meanwhile they can be convenient and profitable for you.
R3ZCPSYV when registering on Binance or create a new account using the link and the code will be automatically filled in.
Top up Binance from card
The most common question is how to top up Binance from a card, since most new users keep their fiat assets on a bank card. This possibility exists, but there is a caveat: only verified users can use it. This means that you will need to undergo KYC/AML verification by providing your passport details and waiting for their authenticity to be verified.
How to top up from a Binance card:
- Open the "Wallet" menu and select "Fiat and Spot".
selecting a wallet for replenishment - Find in the list the fiat currency you want to deposit into your account, for example, rubles. Click the Enter button.
top up your Binance balance with Russian rubles (RUB) - Select the payment method - bank card, the commission is currently 3.3%. Sometimes certain replenishment methods may not be available for technical reasons.
replenishing the Binance exchange wallet with a bank card - Enter the amount you want to deposit.
- Click Continue.
- Follow further instructions depending on your payment provider.
You will need to provide card information (holder's first and last name, card number, expiration date, CVC2/CVV2 code on the back). Then confirm the transaction. Replenishment usually occurs within a few minutes. Next, you can exchange rubles in the system for any supported cryptocurrencies.
Checking Billing Address
There is a system called Address Verification Service (AVS), which automatically checks the Billing Address entered in the online store with the address of the cardholder, but this system only works in the USA, since, as you already know, Russian banks do not have such concept as Billing Address, and, therefore, there is no possibility to carry out AVS reconciliation. In light of this, a merchant has three choices when trying to conduct a transaction from a Russian card:
- Skip the transaction, turning a blind eye to the impossibility of checking the Billing Address;
- Take additional steps to manually check the Billing Address;
- Reject the transaction without trial.
More details on these points:
Transaction completed
Everything is quite simple here, many stores have a significant percentage of purchases from abroad, and they are aware of the differences between US and foreign bank cards. It is simply not profitable for them to reject all foreign buyers without a Billing Address, so automatic reconciliation does not occur for them at all, and the data from the Billing Address is stored in an internal database in case additional verification is required.
additional verification
The seller can check the correctness of the entered data before the transaction, let's say manually. Sellers have only two such verification methods:
- Contacting you with a request to send a scan of your passport, paid invoice or any other document confirming your involvement in the specified address.
- Contacting your bank with a question about whether you are related to the address that you wrote in the Billing Address field. But, since no Billing Address is attached to your card, the maximum that your bank can do, and does, is to check this data with what you indicated in the application form when receiving the card, and this, most often, is your registration address or accommodation.
Transaction failed
If the Billing Address cannot be verified, then the transaction will not complete, no matter what you try. Unfortunately, there are stores that do not accept Russian cards, but there are not many of them.
Deposit to Binance through the payment system AdvCash or Payeer
replenishment of Binance through the payment system AdvCash or Payeer
The exchange also provides the opportunity to deposit rubles on the exchange using the EPS Payeer and AdvCash. You must perform all the same steps, but select the appropriate option on the replenishment page. Please note that you must have a verified AdvCash account - confirmed identity, phone number, residential address.
Enter the amount and click “Continue”. Log in to the payment system, if you are not already logged in, and confirm the transfer. Limits for Payeer and AdvCash:
- Minimum deposit – 100 rubles
- Maximum for one transaction – 70,000,000 rubles
- Maximum per day – 200,000,000 rubles
- Maximum per month – also 200,000,000 rubles
There are no commissions for replenishment (as of 01/31/2021).
How to Withdraw Money from Binance Account
If you do not plan to make trading transactions in the near future, we recommend withdrawing money from the exchange, since this is not a safe method of storage.
Cryptocurrency withdrawal
The easiest and most accessible way for everyone. Does not require verification (however, for unverified users there is a withdrawal limit of 2 BTC per day, which after confirmation expands to 100 BTC).
Go to the “Spot Wallet” and click “Withdraw” for the desired coin.
On the left is your balance in the selected cryptocurrency, including the part that is in orders.
On the right you need to enter the recipient's address and set the transfer network, which must match the one installed in the receiving wallet. Then enter the amount to withdraw and click “Submit”. Confirm the action.
The commission level is individual for each specific cryptocurrency. Look for up-to-date information about fees and minimum limits in the appropriate section of the exchange. It is noteworthy that you can transfer funds to the address of another Binance user. Then the processing fee will be returned to the checking account by default.
Fiat withdrawal
Go to “Spot Wallet”, click “Withdraw” for the desired fiat currency. As in the case of withdrawals, each of them has its own replenishment methods, commissions, and limits. For example, the ruble can be withdrawn using the following methods:
- Bank card (Mastercard, VISA, MIR) – commission 2% + 45 rubles
- Advcash payment system - no commission
- Payeer payment system - no commission
- Payment system Yandex.Money – commission 2.5%
Limits – up to 100,000 rubles per transaction, up to 400 thousand per day and up to 1.5 million per month.
Top up Binance from AdvCash system
In 2022, the exchange entered into a partnership with the AdvCash payment system, resulting in a fiat gateway for instant purchase of major cryptocurrencies from an AdvCash balance and crediting it to a Binance account.
linking the Advcash electronic wallet to your account on the Binance exchange
First you need to link your accounts to each other. Log in to AdvCash, go to the “Purchase Cryptocurrency” section and click “Link Binance Account”.
Enter the email address associated with your Binance account (if it matches the email used in AdvCash, you can select it in one click). In addition, if you do not yet have an account with Binance, then when you enter any email, one will be automatically created.
Click “Continue” and confirm linking your account by entering your password. If two-factor authentication is enabled, you will need to go through that too.
After this, a notification will appear in Advcash indicating that the merger was successful.
Now, having money on your AdvCash balance, you can instantly buy cryptocurrency, and it will appear on the balance of the Binance exchange.
Topping up your Binance wallet via Advcash EPS
Maximum – $15,000 per transaction, minimum 0.002 BTC.
Transfer to Binance address from payment system or wallet
Payment systems Capitalist, Payeer, AdvCash, as well as any cryptocurrency wallets allow direct transfer of cryptocurrency to the exchange account.
direct transfer of cryptocurrency to the address of the Binance exchange from a payment system or wallet
To top up your trading platform account with cryptocurrency, you will first need to find out its address. Go to the “Fiat and Spot” section, find the desired cryptocurrency and press “Enter”.
This page contains the wallet address. It must be copied in order to send funds to it from any other system, exchange or wallet. A QR code is also provided for quick transfer to this address via mobile wallet.
Please note that the correct network must be selected if the cryptocurrency operates on multiple blockchains. For example, Bitcoin, in addition to the BTC standard, is presented in BEP2 (Binance Chain), BEP20 (Binance Smart Chain), ERC20 (Ethereum) and BTC (Segwit). Sending assets to the wrong network will result in their loss.
Funds usually arrive quickly, within one minute.
How to top up Binance via p2p platform
replenishing a Binance exchange account through the p2p platform
The Binance p2p platform is a means for the direct exchange of fiat assets and cryptocurrencies between participants who have passed KYC/AML verification. The offers that are in this section are created not by the exchange, but by the users themselves. When buying cryptocurrency through Binance p2p, you can choose a payment method that is convenient for you, if there is an offer with the appropriate parameters, and receive cryptocurrency to your exchange account. There are no transaction fees.
How to do it:
- Go to https://c2c.binance.com/ru/trade/buy/BTC
- Select the desired cryptocurrency you want to receive.
- Select the fiat currency you are giving away.
- You will see a list of suitable offers, which includes information about the seller, the exchange rate they set, available limits, and accepted payment methods.
- Click "Buy" after choosing the best option.
- Transfer fiat funds to the merchant's account, which he will provide to you.
- Receive cryptocurrency to your Binance exchange account.
Payment methods include almost all major banks in the world, as well as dozens of different payment systems.
Do you need a wallet on Binance?
The Binance marketplace is a convenient place to store, invest and trade cryptocurrencies. It is easy to understand and use for both beginners and professionals. To use the full functionality of the exchange, the main criterion is account verification. The website contains information about the possibility of using the site without this procedure. But thus the user will not have the opportunity to withdraw large funds.
Binance is primarily a platform for trading cryptocurrency pairs. And incorrect user actions can cause serious financial losses. Therefore, it is first recommended to familiarize yourself with the basics of exchange trading, both fiat money and cryptocurrency funds. And also to minimize risks, before creating a wallet on Binance, you must read and understand the terms of the trading platform.
Replenishment by internal transfer using an exchanger
Some exchangers, for example, Baksman, allow you to top up your Binance account with a direct transfer to the exchange balance. The source of funds can be any - card, electronic wallet, codes of various exchanges, etc.
Top up Binance via exchanger
To transfer funds, select the payment method in the left column, and in the right column - Binance RUB (located on the EPS tab). Enter the amount. Please note that for amounts up to 5,000 rubles an additional commission is charged, so replenishing in this way is not very profitable.
Enter the sender's details and your data on Binance - ID or e-mail and create an exchange request. Pay for the application using the chosen payment method. The return payment will be credited to the exchange's ruble account.
How to withdraw and transfer from a spot wallet
You should not save money in a spot account. It is better to immediately transfer them to another asset or withdraw them: the exchange account can be hacked and the savings stolen.
To spot and fiat wallet
In the PU, click on “Withdraw” next to the currency:
The translation window will open. For fiat, this is the choice of a bank card, for crypto – a wallet:
The coins will be sent automatically.
Binance charges a minimum commission, and daily withdrawals are limited to 100 BTC.
Transfer to P2P
We return to the user market. Select “ Sell ”, set the exchange currency and payment method:
Further:
- We create an order and indicate a fixed price.
- We select a buyer and provide the details.
- We confirm receipt of money and transfer the crypto.
The exchange amount should not be less than 0.01 and more than 5 BTC.
How to top up Binance in other ways
You can transfer cryptocurrency to your Binance balance using the following services:
- p2p platforms (for example, LocalBitcoins, Paxful, Cryptolocator, Monabey, LocalCryptos). They work completely similar to Binance p2p, ensuring the security of users using an escrow account.
- Exchangers (for example, Bitality, Baksman, Prostocash, 365cash, MChange, Kassa). Through them, it is easy to buy coins using most existing methods and send them to the exchange address, having recognized it in the manner described earlier.
- Cryptocurrency exchanges (for example, EXMO, Currency.com, Cex.io, Yobit, Crex24). When withdrawing funds from these sites, indicate the address of the Binance exchange as the receiving address.
Topping up your Binance balance with cryptocurrency through the MChange exchanger
Transfer between user accounts
If you know someone with a verified Binance account, then you can ask him to transfer you fiat by direct transfer from account to account. To do this, he will also need to go to the “Fiat and Spot” section, click “Withdraw” for fiat currency, and then select the “Fiat Transfer” option. No commission is charged. When making a transfer, you must specify either the email or phone number of the recipient account.
On your part, you will see a receipt request, which you must confirm within five days, otherwise the transaction will be cancelled.
