How to Deposit on Binance? Full Guide (2026)
📌 New Here? Haven’t completed KYC? Read Binance KYC Guide first.
Bind Rebates Before Depositing
Binance CodeBNSVIP88
Binance offers three main deposit methods: P2P trading, on-chain transfer, and third-party payment. This guide covers each method’s steps, fees, and timing to help you choose the best option.
TL;DR: Beginners should use P2P to buy USDT — simple and direct. If you already hold crypto elsewhere, use on-chain transfer (TRC20 = cheapest). Confirm code BNSVIP88 is bound before trading.
Before Depositing: Two Checks
- KYC verified: Required for deposits
- Rebate code bound: Confirm BNSVIP88 is active in your profile
Method 1: P2P Trading (Recommended)
Steps
- Binance App → Trade → P2P
- Select “Buy”, choose USDT
- Pick payment method (bank card, etc.)
- Choose a merchant (95%+ completion rate)
- Enter amount, place order, pay as instructed
- Click “Paid”, wait for merchant to release coins
- Transfer USDT to spot account to trade
Tips
- ⚠️ Don’t mention crypto in payment notes (bank risk control)
- Use your own verified payment account
- Never trade outside the platform
Method 2: On-Chain Transfer
Steps
- Binance App → Wallet → Deposit → Crypto
- Select USDT, choose network (TRC20 recommended)
- Copy the deposit address
- Paste in the sending platform, confirm network matches
- Wait for confirmation (1-3 min for TRC20)
⚠️ Networks must match! Sending TRC20 to an ERC20 address = lost funds.
| Network | Fee | Time |
|---|---|---|
| TRC20 | ~1 USDT | 1-3 min |
| ERC20 | ~5-20 USDT | 5-15 min |
| BEP20 | ~0.1 USDT | 1-3 min |
Method 3: Third-Party Payment
Buy directly with credit card via Simplex/Banxa. Fast but expensive (~3-5% fees). Only for small urgent amounts.
Comparison
| Method | Fee | Time | Best For |
|---|---|---|---|
| P2P | 0 | 5-15 min | Beginners, fiat |
| On-chain | ~1 USDT | 1-15 min | Existing crypto |
| Third-party | 3-5% | Instant | Small urgent |
FAQ
Is P2P safe?
Yes, Binance P2P has platform escrow. Follow the in-platform process and never transfer privately.
Minimum deposit?
P2P usually from 10 USDT; on-chain varies by network.
Sent to wrong network?
Contact support immediately with the TxID. Recovery is difficult and slow. Prevention is key.
Disclaimer: For informational purposes only. Watch for fund safety in P2P trading.