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How To Deposit Cryptocurrency on Binance Wallet

BNB is the cryptocurrency coin that powers the Binance ecosystem. As one of the world’s most popular utility tokens, not only can you buy or sell BNB like any other cryptocurrency, but BNB comes with a wide range of applications and benefits.

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How to choose a network?

  • BEP2 refers to the Binance Chain.
  • BEP20 refers to the Binance Smart Chain (BSC).
  • ERC20 refers to the Ethereum network.
  • TRC20 refers 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 About Segregated Witness (SegWit).
Please make sure that the selected network is the same as the network of the platform you are withdrawing funds from or depositing funds to. If you select the wrong network, you will lose your funds.
  • 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.

How to deposit cryptocurrency on Binance?

 

How to deposit crypto on Binance App?

1. Open your Binance App and tap [Wallets] – [Deposit].
2. Choose the cryptocurrency you want to deposit, such as USDT.
3. You will see the available networks for depositing USDT. Please choose the deposit network carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, you will lose your funds.
4. Click to copy your Binance Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from.
5. After confirming the withdrawal request, please wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.
How to deposit crypto on Binance website?
1. Log into your Binance account and click [Wallet] – [Overview].
2. Click [Deposit] and you will see a pop-up window.
3.Click [Deposit Crypto].
4. Select the cryptocurrency you want to deposit, such as USDT.
5. Next, choose the deposit network. Please make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you select the wrong network, you will lose your funds.
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.
7. Click to copy your Binance Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from.
8. After confirming the withdrawal request, it takes time for the transaction to be confirmed. The confirmation timevaries 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.
Above are the few steps required to make a Crypto withdraw from Binance crypto wallet.

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