Binance is currently the most popular cryptocurrency exchange, which is distinguished not only by low transaction fees, but also by high market liquidity. Moreover, it constantly introduces new features and amenities, making it extremely pleasant and easy to use.
Not only is withdrawing money on the Binance platform easy. Also, deposits are intuitive, although they differ slightly from the classic top-up of the account in standard websites. In this article, you will learn how to deposit money on Binance, and in addition, what is the minimum deposit.
How to deposit money into Binance?
To deposit money on the Binance exchange, you must first log in to your account using your email address.
If you have a verified account on the Binance platform, you can freely use all its functionality. It is possible to make simple deposits as well as withdraw money.
In order to start trading on the exchange, you need to have funds in your Binance account. They can be in the form of traditional currency, as well as cryptocurrency. It turns out that in the case of fiat currencies, the service promotes deposits in euros or dollars. They can be done by Credit Transfer Account. It is also possible to transfer other popular fiat currencies using this method, but on slightly less favorable terms.
Unfortunately, the Binance Exchange does not currently support PLN transfers, which does not mean that it is not possible to deposit this currency. Zlotys can be deposited mainly using a debit or credit card – this option is associated with an additional fee.
A large part of fiat currencies can be deposited through various payment applications, for example, using a ZEN account for this purpose.
It is very popular to fund an account with cryptocurrencies, which is free of charge. Just transfer them to the wallet address provided by the exchange. The transmitted cryptocurrencies will be available on your account from a few to several dozen minutes, as confirmation from a specific network is required.
Deposit Euro on Binance exchange
It is very easy to deposit euros into a binance account. This is a reasonable decision, thanks to which you can enjoy the funds in your account in a short time. You can deposit euros by SEPA bank transfer, credit or debit card and more. You can also use P2P or Advcash. All these methods are simple and allow you to quickly enjoy the funds in your Binance account.
On the Binance website, the fastest and most popular way to transfer money is by SEPA bank transfer. You just need to remember that the minimum deposit amount must be more than 3 euros – if you transfer a smaller amount, the funds will be lost forever. Unfortunately, the Binance Exchange does not intend to book or return small amounts, which, however, is scrupulously informed.
If you want to deposit money in the form of euros on Binance by regular bank transfer, you must also remember that transfers from a joint account are not accepted by the service. Deposits come only from individual bank accounts.
It is also necessary that your name and surname from the bank account from which the transfer will be made are the same as the data in your Binance account.
You also need to remember that the Binance exchange charges a commission for depositing funds in euros. It is 1 euro and we are talking about a fixed fee.
Deposit in US dollars (USD)
It is also easy to deposit US dollars on the Binance app. It turns out that for the transfer SWIFT portal does not charge any commission. That’s why many Binance users deposit USD most often.
However, you need to be aware that SWIFT transfer is not as friendly as SEPA. Unfortunately, you have to reckon with the fact that often there are additional fees of the intermediary bank. They can be deducted from yours on the Binance exchange. Much depends on the chosen code, i.e. OUR, BEN or SHA. The first option is the most popular, because in this case you cover all potential SWIFT transfer fees, and Binance exchange will receive the entire payment.
Deposit £ (GBP)
It is also very popular to deposit British pounds, which can be paid with a debit or credit card. However, you need to remember that the operation in this case will be charged a commission. It currently stands at 1.8%. With the deposit of pounds, you can enjoy the funds instantly. Therefore, if you want to start trading on the Binance exchange quickly, consider depositing British pounds.
How to deposit gold on the Binance exchange?
It turns out that currently the Binance Exchange does not support direct deposits of zlotys (PLN) to its platform. Fortunately, there are options that allow you to enjoy this currency in your Binance account.
PLN deposit and withdrawal on the Binance exchange is possible thanks to the cooperation of the platform with ZEN. We are talking about an application that allows you to instantly top up your Binance account with fiat currencies. For this purpose, the user can use Apple Pay, Google Pay. BLIK, bank transfer or payment card.
ZEN app charges low fees for currency conversion. It currently supports euros, pounds, dollars, zlotys and 26 other currencies.
In order to transfer gold through the ZEN app to your Binance account, you must first connect your ZEN and Binance accounts.
Registering a ZEN account and linking it to the Binance exchange?
In order to deposit gold to your Binance account, you need to use the ZEN app. The same goes for many other fiat currencies.
Opening a ZEN account is not difficult. This can be done through the Binance platform. To do this, you need to log in to it. If you do not have an account on Binance, you can register it very easily.
After successfully logging into your Binance account, go to the FIAT deposit gateway. Just click this link.
You can also access the FIAT deposit gateway via your SPOT wallet. Just click the “deposit” button and then “deposit fiat”.
Selecting from the list of zlotys, the service will display information that deposits are made using ZEN. If you do not already have an account on this platform, you do not need to do so. All you have to do is link it to your Binance account. For this you need to click “Yes”. Alternatively, you can also choose “No”, but in this case you will have to create a separate account on the ZEN app.
To register a ZEN account, enter your phone number and press “Continue”. The service will redirect you to the next page, where you will see the exact instructions for creating an account. You will receive a link to your phone number, thanks to which you can easily install the application on your device.
The next step in registering a ZEN account is to set up a PIN (4 digits). Then you need to verify your data. The service requires you to provide your name, e-mail address and place of residence. You must also provide your country.
ZEN also requires you to upload a photo of your ID and take an in-app photo of your face to eliminate fraud attempts.
If the verification process is successful, the ZEN app will ask you to confirm that your ZEN account is connected to Binance. At the very end, you need to mark “I Agree”, move on and click “Finish registration”on your Binance account.
Finally, you will receive an SMS to the previously specified phone number, which will confirm the success of the entire process of registering a ZEN account and linking it to the Binance platform.
How to deposit money on Binance with ZEN?
If you have already registered for a ZEN account, you can easily and quickly deposit funds to Binance.
When entering the ZEN app, click on the “recharge” button, select the transaction method and fund your account with zloty or other fiat currency.
If you already have a ZEN account, you can deposit your funds into your Binance account. You need to go back to the fiat gateway page, select the currency, i.e. PLN and choose the ZEN deposit method. You can confirm the process by clicking the “Continue” button. You can then enter the deposit amount and complete the transactions.
With the ZEN app, you can not only deposit zlotys, but also many other fiat currencies.
Why should I have a ZEN account?
If you want to deposit more than just euros or US dollars on Binance, you will need to create a ZEN account. Having it has many advantages.
It turns out that the most important advantage of having a ZEN app is the ability to fund an account on Binance in an intuitive, fast and hassle-free way.
The ZEN app offers instant deposits to your Binance account in your local currency. You can make payments using Google Pay, Apple Pay and more. We also offer blik, SEPA bank transfer or credit card recharge.
What is the minimum deposit on Binance?
The minimum deposit on Binance can vary depending on the fiat currency or cryptocurrency. Each of them has its own minimum deposit requirements, which are set by Binance and modified from time to time.
To check the minimum deposit requirements for a given currency on Binance, it is best to view the help/FAQ section on the site Binance.com.
If the purpose is to deposit euros by SEPA bank transfer, the minimum deposit amount must be more than 3 euros.