Contents
1. How to Open Account at Binance
How to Open Account with Mobile Number
How to Open Account by Email
How to Open Account on Binance App
2. How to Deposit at Binance
How to Deposit Crypto
How to Deposit Money
- How to Deposit Money for example, EUR, GBP, etc., via Bank Transfer (SEPA)
- Binance Bank Transfer via SEPA and Faster Payments
- Complete the Identity Verification for SEPA and Faster payments
3. How to Buy Crypto on Binance
Buy Crypto on Binance by Web App
Buy Crypto on Binance by Mobile App
1. How to Open Account at Binance
How to Open Account with Mobile Number
1. Go to Binance.com and click [Register].
2. Click [Mobile] and enter the mobile number and password for your account, and the Referral ID (if any). Read and agree to the Terms of Use and click [Create Account].
Note:
For account safety, the password should consist of at least 8 characters, including 1 uppercase character and 1 number.
If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).
3. Complete the Security Verification.
4. The system will send an SMS verification code to your mobile phone. Please enter the 6-digit verification code within 30 minutes. If you can’t receive it, click [Resend], or click [Please try voice verification] to use voice verification instead.
5. Congratulations, you have successfully registered on Binance.
6. To enhance your account security, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Open Account by Email
1. Go to Binance.com and click [Register].
2. On the registration page, enter your email address, create a password for your account, and enter the Referral ID (if any). Then, read and agree to the Terms of Service and click [Create Account].
Note:
Your password must be a combination of numbers and letters. It should contain at least 8 characters, one UPPER CASE letter, and one number.
If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).
3. Complete the Security Verification.
4. The system will send a verification code to your email. Please enter the verification code within 30 minutes. If you can’t find the email in your inbox, please check your other mail folders as well, or click [Resend Email] to resend.
5. Congratulations, you have successfully registered on Binance.
6. To enhance your account security, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Open Account on Binance App
1. Open the Binance App and tap [Log In/Register].
2. Tap [Register]. Enter the email address and password you’ll use for your account, and the Referral ID (if any). Check the box next to [I Understand Binance’s Terms of Use] and tap [-].
Note:
Your password must contain at least 8 characters, including one uppercase letter and one number.
If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).
3. Drag the slider to complete the Security Verification puzzle.
4. You will receive a verification email in your inbox. Please enter the verification code within 10 minutes. If you can’t find the email, click [Send Code] to get another email.
Note:
For your own account security, we highly recommend you to enable two-factor authentication (2FA). Binance supports both Google and SMS 2FA.
*Before you start P2P trading, you need to complete Identity Verification and 2FA authentication first.
2. How to Deposit at Binance
How to Deposit Crypto
Let’s use 10 USDT to illustrate how to transfer crypto from an external platform into your Binance account.
1. Log into your Binance account and go to your wallet overview page.
2. Click on [Deposit] at the top right side of your screen.
3. Select [Deposit Crypto].
4. Select the cryptocurrency you want to deposit. In this example, we will deposit USDT.
5. Next, choose the deposit network. Make sure the selected network corresponds with the network of the platform you are withdrawing funds from.
Be careful! If you select the wrong network, you will lose your funds.
Summary of network selection:
BEP2 relates to the Binance Chain.
BEP20 relates to the Binance Smart Chain (BSC).
ERC20 relates to the Ethereum network.
OMNI refers to the OmniLayer that runs on the Bitcoin network.
TRC20 relates to the TRON network.
BTC refers to the Bitcoin network.
BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. Users are allowed to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses. For more details, please refer to Segregated Witness (SegWit) FAQ.
6. In this example, we will withdraw USDT from another platform and deposit it into Binance. Since we are withdrawing from an ERC20 address (Ethereum blockchain), we will select the ERC20 deposit network.
The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from.
If the external platform only supports ERC20, you must select the ERC20 deposit network.
DO NOT select the cheapest fee option. Select the one that is compatible with the external platform.
For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.
7. Copy the deposit address provided by Binance and paste it on the corresponding platform’s address section (where you intend to withdraw your funds from).
8. After confirming the withdrawal request, you have to wait until the transaction is confirmed. The confirmation time varies depending on the blockchain and its current network traffic.
Please, wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.
9. You can check the [Transaction History] page for more information on your recent transactions.
How to Deposit Money
1. How to Deposit Money for example, EUR, GBP, etc., via Bank Transfer (SEPA)
Select [Bank Deposit] under the [Buy Crypto] tab.
Select the corresponding currency, enter the amount, and click [Continue].
Get detailed payment information.
Complete Deposit to your account.
2. Binance Bank Transfer via SEPA and Faster Payments
What is the Single Euro Payments Area (SEPA)?
SEPA is an initiative of the European Union and is strongly supported by the European Commission and the European Central Bank that allows fast, reliable, and affordable Euro (EUR) transfers between bank accounts within the SEPA-zone.
What are the Deposit and Withdraw Fees for EUR?
Important Notes:
This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
You will enjoy a lifetime limit of 150 USD after you register. To increase the limit, please proceed to complete your identity verification.
Fees listed in the above chart do not include additional fees charged by your bank (if any).
SEPA Instant supports 24/7/365 processing, however, users are advised to consult their bank regarding the availability of SEPA Instant and possible fees charged by your bank.
What is Faster Payments Service (FPS)?
FPS is a UK banking initiative to reduce payment times, United Kingdom’s 24/7 Real-Time Payment System, and is one of the most advanced systems of its type in the world. FPS allows fast, reliable, and affordable GBP transfers.
What are the Deposit and Withdraw fees for GBP?
Important Notes:
This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
In order to enjoy a higher limit, please proceed to complete your identity verification.
Fees listed in the above chart do not include additional fees charged by your bank (if any).
Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Investments in crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.
Complete the Identity Verification for SEPA and Faster payments
Identity Verification
1. Log in to your Binance account.
2. Click the [Identification] button on the personal information tab as shown below:
3. Click the [Verify] button beside “Personal Details” under the Identity Verification section.
4. Choose your country/region and click [Start].
5. In the next screen, please input the information as requested and click the [Submit Continue] button.
6. Choose the issuing country/region and select the ID type (passport, driver’s license or identity card).
You must use a valid government-issued picture identification document.
7. Next, you will need to perform facial verification. Please avoid wearing hats or glasses and using filters. Also, make sure there is enough lighting. When you are ready, click [Begin Verification].
8. That’s it! You successfully submitted your verification. You will receive the result in your email address within 1-3 business days. Please, be patient.
Address Verification
1. Log in to your Binance account.
2. Click the [Identification] button on the personal information tab as shown below:
3. Click the [Verify] button beside “Residential Address” under the Identity Verification section.
4. Next, you will need to provide a proof of residence, such as a bank statement or utility bill (electricity, water, internet, etc.). Make sure to adhere with the following instructions:
Your name on the document must be the same as your submitted ID.
Your address on the document must be the same as the residential address you entered.
Your document must have been issued within the last 3 months.
Your name, address, document issue date, and issuer must be shown clearly on the document.
Your document must have a high image quality (at least 300 DPI) in one of the following formats: PDF, JPEG, JPG, PNG.
5. After uploading your proof of residence click the [Begin Verification] button.
3. How to Buy Crypto on Binance
Buy Crypto on Binance by Web App
Step 1:
Go to the Binance P2P page, and
If you already have a Binance account, click "Log In" and go to Step 4
If you do not have a Binance account yet, click "Register"
Step 2:
Enter your email on the registration page and set your login password. Read and check the Binance Terms and click "Register".
Step 3:
Complete Level 2 identity verification, enable SMS Verification, and then set your preferred payment method.
Step 4:
Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
Step 5:
Click (1) "Buy" and select the currency you want to buy (BTC is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Buy".
Step 6:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Buy".
Step 7:
Confirm the payment method and amount (total price) on the Order Details page.
Complete the fiat transaction within the payment time limit. Then click "Transferred, next" and “Confirm”.
Note: You need to transfer the payment directly to the seller through bank transfer, Alipay, WeChat, or another third-party payment platform based on the sellers payment information provided. If you have already transferred payment to the seller, you must not click "Cancel" unless you have already received a refund from the seller in your payment account. If you do not make an actual payment, please do not click "Confirm" to confirm the payment. This is not permitted according to the rules of the transaction. If you encounter any issues during the transaction, you can contact the seller using the chat window.
Step 8:
Once the seller has released the cryptocurrency, the transaction is completed. You can click (2) "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.
You can also click (1) "Check my account" above the button to view the digital asset you just bought.
Note:If you do not receive the cryptocurrency 15 minutes after clicking "Transferred, next”, you can click "Appeal" and Customer Service will assist you in processing the order.
Buy Crypto on Binance on Mobile App
Step 1
Log in to Binance app
If you already have a Binance account, click “Log in” and go to Step 4
If you do not have a Binance account yet, click “Register” on the top left
Step 2
Enter your email on the registration page and set your login password. Read the Binance P2P terms and click on the arrow to register.
Step 3
Enter your email and password, then click on the arrow to Log In.
Step 4
After you log in to the Binance app, click the user icon on the top left to complete identity verification. Then click “Payment Methods” to complete SMS authentication and set your payment methods.
Step 5
Go to the home page, click “P2P Trading”.
On the P2P page, click the (1) “Buy” tab and the crypto you want to buy (2) (taking USDT for example), and then select an ad and click (3) “Buy”.
Step 6
Enter the quantity you want to buy, confirm the sellers payment method(s), and click “Buy USDT”.
Step 7
Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit, and then click “Transfer the fund”. Tap on the payment method you transferred to, the click “Transferred, next”
Note: Setting payment method on Binance does not mean that the payment will go directly to the sellers account if you click “Transferred , next” . You need to complete the payment directly to the seller through bank transfer, or another third-party payment platform based on the sellers payment information provided.
Please do not click “Transferred , next” if you have not made any transactions. This will violate the P2P User Transaction Policy.
Step 8
The status will be “Releasing”.
Once the seller has released the cryptocurrency, the transaction is completed. You can click "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.
You can click “Wallet” at the bottom and then “Fiat” to check the crypto you bought in your fiat wallet. You can also click “Transfer” and transfer the cryptocurrency to your spot wallet for trading.
Note :
If you do not receive the cryptocurrency 15 minutes after clicking “Transferred, next”, you can contact the seller by clicking the “Phone” or “Chat” icon on the top.
Or you can click "Appeal”, select a “Reason for Appeal”, and “Upload Proof”. Our customer support team will assist you in processing the order.
1. You can only buy or sell BTC, ETH, BNB, USDT, EOS and BUSD on Binance P2P currently. If you would like to trade other cryptos, please trade at the spot market.
2. If you have any questions or complaints, please contact our customer support team.