How to Fund Binance Account? – is the question that you might be asking if you are a beginner in the cryptocurrency world. By using the binance you can trade the various cryptocurrencies with multiple options for the payment. In this article, we are going to discuss the various ways through which you can fund your binance account.
Binance is the cryptocurrency exchange which is providing you the facility of trading different coins. When you are trading on this platform you will be getting the security measures like ID verification and two-factor authentication.
Since its inception, it is growing at a very good speed. This is the reason it has become one of the largest cryptocurrency exchange in market cap in terms of trade volume.
How To Fund Binance Account?
The first thing you should know that there is no payment option for you on binance via credit card or debit card. You can trade only by using the cryptocurrencies only. You cannot do any kind of payment with the fiat currency. So if you are interested in trading or deposit funding your binance account then you have to follow these steps:
- Log in to your binance account from the official website.
- In the upper right corner of the screen, you will be getting the option of “Fund” click on that.
- From there select the “Deposits withdrawal”. From here you can select the deposit or withdraw as your wish. At present we are going to select the deposit.
- Now you have to copy the deposit address or the QR code.
- You have to enter the all the deposit address from where you are funding your account.
- After entering the address, you have to enter the amount you want to deposit.
- Now you can deposit the currency you want to fund.
- You can check the status of your deposit by going back to your fund deposit history.
These are the basic steps which can be used by the users to fund the account. You can use these similar steps to withdraw the money all user has to do is withdraw the money in place of deposit.
Depositing the funds via cryptocurrency exchanges can be one of the fastest ways. But the usual time taken by the binance exchange is not that fast. If you are worried about the funding then you should not as the process may take time. But that does not mean that your transaction is failed or you have deposited on the wrong address (do double check the address before sending the fund).
You can expect the deposit to be completed in 20-30 minutes. If it takes more than that then you should check the deposit history to verify the address and if it is correct then there is no need for you to worry.
So you now know about How To Fund Binance Account? from now onwards you should not have any problem regarding the trading on the binance. The above-mentioned step can be very helpful for you to have a better experience while using the binance.