How to Deposit Money From Your Bank Account to Binance – A Friendly Step-by-Step Guide

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Hey there! Are you looking to get started with crypto trading on Binance but unsure about how to deposit funds from your bank account? Don‘t worry, I‘ve got you covered!

As a fellow crypto enthusiast, I‘ll walk you through the entire process of making a bank deposit to Binance in this detailed guide. I‘ll explain what to do in simple steps, so you can quickly fund your account and start trading your favorite cryptos.

Let‘s get started!

Introduction – Why Deposit to Binance?

Before we get into the nitty-gritty, let‘s first discuss why you should deposit funds directly to Binance instead of using other methods.

  • Low fees – Binance does not charge any fees for bank deposits, so it‘s free! Other methods like credit cards have higher fees.

  • High limits – You can deposit thousands of dollars in one transfer, especially after full verification. Much higher than the limits for card purchases.

  • Fast access – Receive your funds within 1-4 days, allowing fast access to trading opportunities.

  • User protection – Binance implements strong security measures to protect your funds and data.

  • Regulatory compliance – Binance follows KYC regulations in most jurisdictions, giving users peace of mind.

So in summary, bank deposits are one of the most cost-effective, fast, and secure ways to fund your Binance account. Now let‘s dive into the step-by-step process!

Step 1 – Log Into Your Binance Account

First things first, you need to access your Binance account.

Go to and log in using your email and password. Don‘t have an account yet? No worries, just register here real quick – it only takes a minute.

Once you‘ve logged in, you‘ll see the main Binance dashboard with your account info, wallets, and trading options.

Step 2 – Navigate to the "Buy Crypto" Page

From the dashboard, click on "Buy Crypto" at the top menu bar.

Binance Buy Crypto

This will open up the "Buy Crypto" page with various payment methods:

  • Credit/Debit Card
  • P2P Trading
  • Bank Deposit
  • Third Party Payments

Select the "Bank Deposit" option since that‘s what you‘ll be using.

Step 3 – Choose Currency and Payment Method

The next page is where you can choose the currency and payment method for your deposit.

Select the Currency

Under "Currency to deposit", select the currency that matches your bank account. For example:

  • USD for a US bank account
  • EUR for European banks
  • GBP for UK banks

Binance supports deposits in over 40 fiat currencies like USD, EUR, GBP, AUD, CAD, TRY, NGN and many more.

Choose the Payment Method

Next, choose your payment method:

  • Bank transfer – For local transfers within your country. Fastest option.
  • SWIFT – For international wire transfers between countries. Slower processing.

I recommend using a bank transfer if it‘s supported in your country for the quickest deposit times.

Once you‘ve selected both, click "Continue".

Step 4 – Enter the Deposit Amount

On the next page, you‘ll be prompted to enter the amount of funds you want to deposit.

A few things to note here:

  • There are daily and monthly limits depending on your verification level.
  • Level 1 users can deposit only up to $5000 per day.
  • Higher limits apply after full verification.
  • Minimum deposit amount is typically $15.

Enter the desired deposit amount keeping the limits in mind. For example, let‘s say you enter $1000.

Deposit amount

Read and agree to the terms, then click "Confirm".

Step 5 – Copy Binance‘s Bank Details

This next page contains Binance‘s banking details that you‘ll need to send the funds from your account.

Here are the key details provided:

  • Beneficiary Name – The account holder name
  • Account Number – Binance‘s bank account number
  • ABA/Routing Number or SWIFT/BIC Code – Identifier code for the bank
  • Reference Code – Unique code to identify your transaction

Important: Carefully copy Binance‘s full bank details at this step. You will need these for the transfer process later.

Binance bank details

Step 6 – Initiate Transfer from Your Bank

Now it‘s time to send the funds from your bank account to Binance.

Log into your bank‘s online banking platform or mobile app. Navigate to the funds transfer section.

The process will vary depending on your bank, but here are the key steps:

  1. Add Binance as a new recipient using the details you copied earlier.

  2. Select the bank account you‘ll transfer funds from.

  3. Enter the amount to send – this should match the deposit amount you entered on Binance.

  4. Paste the reference code from Binance to identify your transaction.

  5. Review and confirm the details.

  6. Initiate the transfer immediately or schedule for later.

That‘s it from your end! Your bank will process the request and wire the funds to Binance‘s account.

Here are some examples of initiating a transfer on major US banks:

Chase transfer

Transferring funds on Chase Bank

Wells Fargo transfer

Process on Wells Fargo

BoA transfer

Bank of America fund transfer

Step 7 – Wait for the Deposit to Arrive

Once you‘ve initiated the bank transfer, you‘ll have to wait 1-4 business days for the funds to show up in your Binance account.

  • Bank transfers – Usually completed in 1-2 days.
  • SWIFT transfers – Can take 2-4 days to process.

To check the status of your deposit:

  1. Go to your Binance account.
  2. Click on Wallet > Transaction History.
  3. Select "Fiat" to view deposits.

If your transfer is still pending after 4 business days, feel free to contact Binance customer support for assistance via live chat or a support ticket.

And that‘s it! Once the funds are credited, you can immediately start buying and trading cryptocurrencies on Binance. Exciting!

Pros and Cons of Depositing via Bank Transfer

Now that you know the complete process, let‘s discuss some of the key pros and cons of using bank transfers to fund your Binance account:


  • No deposit fees – Free deposits make bank transfer the cheapest option.
  • High deposit limits – You can deposit thousands per transfer after verification.
  • Fast processing – Funds available within 1-4 days.
  • Link bank easily – Conveniently connect your existing bank.
  • High security – Bank transfers are generally very secure.


  • Not instant – You have to wait 1-4 days, unlike credit card buys.
  • Needs bank account – You must have an existing bank account to transfer from.
  • Manual process – More steps involved compared to other methods.
  • Transfer times vary – Some banks may process slower than others.

So in summary, bank transfers are one of the most secure, convenient, and cost-effective ways to deposit funds to Binance despite taking 1-4 days for processing.

Supported Currencies and Countries

Binance supports bank account deposits in over 40 countries and currencies worldwide.

Here are some of the most common ones:

United States

  • USD (US Dollar)


  • EUR (Euro)
  • GBP (British Pound)


  • AUD (Australian Dollar)
  • NZD (New Zealand Dollar)


  • CAD (Canadian Dollar)
  • BRL (Brazilian Real)


  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)
  • IDR (Indonesian Rupiah)

And many more! Check out the full list of supported currencies on their website.

Frequently Asked Questions

Here are answers to some common questions about depositing funds from your bank to Binance:

How long does a bank transfer take to arrive in my Binance account?

Most bank transfers take 1-2 business days to complete. International SWIFT transfers can take 2-4 business days.

What are the deposit limits on Binance?

Limits depend on your verification level. Level 1 users can deposit $5000 daily and $20,000 monthly. Level 2 has a $100,000 daily limit. No limits after full verification.

Does Binance accept deposits from any bank?

You can deposit from any bank that supports online funds transfers. However, certain banks may prohibit transfers to crypto exchanges. Always check with your bank.

Do I pay any fees for bank account deposits?

No, Binance does not charge any fees for deposits via bank transfer or wire transfer. It‘s completely free.

What happens if I forget to add the reference code from Binance?

Your transfer may be rejected or get lost. Always double check that you have included the exact reference code in the transfer details.

Can I do a test deposit first?

Yes, it‘s recommended to do a small test deposit of $15-$20 when linking a new bank account to verify it works properly.

I hope this detailed guide gives you a clear understanding of how to deposit funds from your bank account to Binance quickly and easily. Now you can start trading crypto with lower fees and higher limits!

Let me know if you have any other questions. Happy trading!


Written by Alexis Kestler

A female web designer and programmer - Now is a 36-year IT professional with over 15 years of experience living in NorCal. I enjoy keeping my feet wet in the world of technology through reading, working, and researching topics that pique my interest.