How can I deposit cash to buy cryptocurrencies on Binance?

3 answers

• PhantasmaMar 09, 2024 · 2 years ago
  To deposit cash and buy cryptocurrencies on Binance, you can follow these steps: 1. Log in to your Binance account. 2. Go to the 'Funds' tab and select 'Deposits'. 3. Choose the cryptocurrency you want to deposit and click on the 'Deposit' button. 4. You will be provided with a deposit address. Copy this address. 5. Go to your bank and initiate a cash deposit to the provided bank account. 6. Make sure to include the deposit address as the reference or memo. 7. Once the cash deposit is made, it may take some time for the funds to be credited to your Binance account. Please note that Binance does not directly support cash deposits. You need to convert your cash into cryptocurrencies through a third-party service or peer-to-peer exchange before depositing them to Binance.
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• Lauritzen BrantleySep 03, 2020 · 5 years ago
  Depositing cash to buy cryptocurrencies on Binance is easy. Just follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Funds' tab and select 'Deposits'. 3. Choose the cryptocurrency you want to deposit and click on the 'Deposit' button. 4. You will be provided with a deposit address. Copy this address. 5. Visit a local cryptocurrency ATM or peer-to-peer exchange that accepts cash deposits. 6. Follow the instructions on the ATM or exchange to deposit cash and convert it into the desired cryptocurrency. 7. Once the conversion is complete, transfer the cryptocurrency to your Binance deposit address. Keep in mind that cash deposits may have certain limits and fees, so it's important to check the terms and conditions of the specific service or exchange you're using.
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• SundaySmokeyJan 21, 2023 · 3 years ago
  At BYDFi, we recommend using a trusted third-party service to convert your cash into cryptocurrencies before depositing them to Binance. This ensures a seamless and secure transaction. Follow these steps: 1. Log in to your Binance account. 2. Go to the 'Funds' tab and select 'Deposits'. 3. Choose the cryptocurrency you want to deposit and click on the 'Deposit' button. 4. You will be provided with a deposit address. Copy this address. 5. Use a trusted third-party service or peer-to-peer exchange to convert your cash into the desired cryptocurrency. 6. Once the conversion is complete, transfer the cryptocurrency to your Binance deposit address. Remember to always double-check the deposit address to avoid any mistakes and ensure the funds are credited to your Binance account.
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