Binance is the world’s largest cryptocurrency exchange, with 170 million registered users. GOFIRE provides tutorials on how to deposit and withdraw crypto on Binance.

How to Deposit Crypto on Binance?

Binance currently supports three deposit methods: C2C trading, credit/debit card deposits, and electronic wallet transfers.

Binance Deposit Method 1: C2C Trading

C2C is a free online deposit platform where Binance users can buy USDT, Bitcoin, Ethereum, and other cryptocurrencies from other users or merchants. Payment methods include bank transfers and others, making it convenient and simple.

Throughout the entire C2C deposit process, Binance does not charge any fees. Binance merely acts as a platform to facilitate trades between parties and holds the cryptocurrencies in escrow to ensure fair transactions, preventing sellers from withholding equivalent cryptocurrencies after receiving funds.

Instructions for depositing funds into Binance via C2C Deposit:

  1. Open the Binance app or website
  2. Click on “C2C Trading” on the homepage
  3. Select your preferred payment method under “Payment Methods” such as bank transfer
  4. Choose the seller or merchant you want to trade with
  5. Enter the purchase amount, e.g. 10 USDT, and proceed with payment

Binance Deposit Method 2: Credit Card Deposit

Here are the steps:

  1. Open the Binance app or website
  2. On the homepage, click on “Buy coins with Visa card, Mastercard.”
  3. Search for the cryptocurrency you want to purchase, e.g. USDT
  4. Enter the amount you want to purchase
  5. Fill in your credit card information and click “Confirm” to proceed with the payment

Binance Deposit Method 3: Crypto Wallet Transfer

The steps to deposit cryptocurrencies via crypto wallet are as follows:

  1. Open the Binance app or website
  2. Tap on “Assets” at the bottom and Select “Deposit”
  3. Search for the cryptocurrency you want to deposit, e.g. USDT
  4. Choose the deposit network, for example, the “Tron (TRC20)” blockchain network
  5. Copy your Binance account’s USDT deposit address and transfer crypto to this address

How to Withdraw Crypto on Binance?

Currently, Binance supports two withdrawal methods: C2C trading and crypto wallet transfer.

Binance Withdrawal Method 1: C2C Trading

Here’s a tutorial for withdrawing funds using C2C trading on Binance:

  1. Open the Binance app or website
  2. On the homepage, click on “C2C Trading”
  3. Click on “Sell” at the top
  4. Choose your preferred “Payment Method,” such as bank transfer
  5. Choose the buyer you want to trade with
  6. Confirm “Release Coins” only after receiving the correct money amount

Binance Withdrawal Method 2: Electronic Crypto Wallet Transfer

The steps to withdraw cryptocurrencies on Binance via electronic crypto wallet are:

  1. Open the Binance app or website
  2. Tap on “Funds” at the bottom
  3. Select “Withdraw”
  4. Search for the cryptocurrency you want to withdraw, e.g. USDT
  5. Click on “Send via Crypto Network.”
  6. Enter the deposit address of your crypto wallet or other crypto exchange
  7. Choose the network type such as “TRC20”
  8. Enter the withdrawal amount of USDT
  9. Click “Withdraw”

Fees for Deposit, Withdrawal, Trading on Binance

Binance does not charge deposit fees.

Withdrawal fees are determined by the blockchain network. e.g. only 1 USDT for “Tron (TRC20)” blockchain network

Trading Fees on Binance:

  • Spot trading fee: 0.1%
  • Future contract trading fee: 0.02% / 0.04%

click this link for detailed Binance fees


How to get 40% fee discount on Binance?

By registering an account with the exclusive Binance referral ID “U99IHXA0”, you can enjoy 40% trading fee discount:

  1. Permanent 20% trading fee cashback on spot trading.
  2. Use BNB to pay for trading fees and enjoy an additional 25% discount, totaling a 40% transaction fee discount*. This is the highest Binance trading fee discount available across the network!

*By registering with Binance referral code “U99IHXA0” and enabling BNB discounts, you can stack the 20% and 25% discounts. Therefore, 1 – 0.8 × 0.75 = 0.4, equivalent to a 40% Binance trading fee discount.

Moreover, you can enjoy an additional benefit for contract trading : a 10% trading fee discount on cryptocurrency future contract trading for the first month.


Binance Introduction

Click this link for detailed Binance introduction


Binance deposit & withdrawal FAQs

How to Deposit & Withdraw Crypto on Binance?

Binance currently supports 3 deposit methods: C2C trading, credit/debit card deposits, and electronic wallet transfers.
Binance supports 2 withdrawal methods: C2C trading and crypto wallet transfer.

Deposit & Withdrawal Fees on Binance

Binance does not charge deposit fees.
Withdrawal fees are determined by the blockchain network. e.g. only 1 USDT for “Tron (TRC20)” blockchain network
Binance Referral Code U99IHXA0 for 40% trading fee discount!