How to Deposit Cryptocurrency on the Binance App

What Is a Deposit?

A deposit means transferring cryptocurrency from another platform or wallet into your Binance account. For example, if you bought BTC on another exchange and want to move it to Binance to trade, that process is called a "deposit."

The deposit process itself is straightforward, but there is one absolutely critical point: you must select the correct network and address. Choosing the wrong network can result in permanent, unrecoverable loss of funds. Please read this tutorial carefully before proceeding.

Deposit Steps

Step 1: Get Your Deposit Address

1. Open the Binance app
2. Tap "Assets" at the bottom
3. Tap the "Deposit" button
4. In the search box, type the name of the coin you want to deposit (e.g., "BTC")
5. Tap to select that coin

Step 2: Select the Deposit Network

This is the most critical step. After selecting the coin, the system will ask you to choose a deposit network. Different cryptocurrencies may support multiple networks. Common options include:

BTC deposit networks:

• BTC (Bitcoin mainnet) — most commonly used
• BEP20 (BSC chain) — lower fees, but you must confirm the sending side is also using the BSC chain

ETH deposit networks:

• ERC20 (Ethereum mainnet) — most commonly used
• BEP20 (BSC chain)
• Arbitrum One
• Optimism

USDT deposit networks:

• TRC20 (TRON network) — lowest fees, most recommended
• ERC20 (Ethereum mainnet) — higher fees
• BEP20 (BSC chain)
• SOL (Solana)
• Polygon

The rule for selecting a network: it must be completely identical to the network selected on the sending side (your wallet or other exchange).

For example: if you are sending ETH from MetaMask using the ERC20 network, you must also select ERC20 when depositing on Binance. If you select BEP20, the funds may be lost.

Step 3: Copy the Deposit Address

After selecting a network, the page will display your Binance deposit address:

• A long string of letters and numbers (such as "0x1a2b3c..." or "1A2B3C...")
• Some coins will also display a Memo/Tag (such as XRP, EOS, etc.)

Ways to obtain the address:

• Tap the "Copy Address" button to copy it directly to the clipboard
• Or tap "Save QR Code" to generate a QR code image

Important reminders:

• If a Memo/Tag is present, you must fill in both the address and the Memo on the sending side — both are required
• Some coins have a fixed deposit address, while others may change; it is recommended to re-verify the address before each deposit

Step 4: Withdraw from the Sending Side

Open your other wallet or exchange app and initiate a withdrawal:

1. Select the withdrawal coin (must match the coin you are depositing into Binance)
2. Paste the Binance deposit address
3. Select the network (must match the network selected on Binance)
4. If required, fill in the Memo/Tag
5. Enter the amount to transfer
6. Confirm the transfer

Step 5: Wait for the Funds to Arrive

After initiating the transfer, you need to wait for the blockchain network to confirm it. Confirmation times vary by network:

Checking Deposit Status

While waiting for the funds to arrive, you can check the deposit progress:

1. Go to "Assets" → "Deposit History"
2. Or tap "View History" at the bottom of the deposit page
3. Find the corresponding deposit record

The record will show:

• Awaiting Confirmation: The transaction has been broadcast to the blockchain and is waiting for node confirmations
• Processing: The required number of confirmations has been reached; the funds are being credited
• Completed: The deposit was successful and funds have arrived in your Binance account

Where Deposited Funds Are Held

Deposited cryptocurrency goes into your Spot Account by default. If you need to use the funds in another account (such as Futures or Margin), you will need to perform an internal transfer between accounts.

Security Precautions

1. The networks must match

This is the single most important point. The network selected on the sending side and the receiving side (Binance) must be exactly the same.

Examples of mistakes to avoid:

• Sending via ERC20 but selecting TRC20 on Binance → funds lost
• Sending from the BTC mainnet but selecting BEP20 on Binance → funds lost

2. Test with a small amount first

If you are depositing to Binance from a particular address for the first time, it is strongly recommended to send a small test amount first (e.g., 10 USDT). Confirm that it arrives before sending the full amount. The cost of this 10 USDT test is far less than the potential loss from a mistake.

3. Double-check the address

After pasting the address, verify that at least the first 6 and last 6 characters match what Binance displays. Some malware can replace clipboard contents with a different address.

4. Do not omit the Memo/Tag

The following coins typically require a Memo/Tag when depositing:

• XRP (Ripple)
• EOS
• XLM (Stellar)
• ATOM (Cosmos)
• HBAR

If you omit the Memo/Tag, the funds may arrive at Binance's shared address but cannot be allocated to your personal account. While it is possible to recover the funds through customer support, the process is lengthy.

5. Confirm the minimum deposit amount

Every coin has a minimum deposit requirement. Deposits below the minimum may not be credited and cannot be refunded. The deposit page displays the minimum deposit amount for the selected coin.

6. Do not send tokens to the wrong coin's address

For example: do not send ERC20 tokens to a BTC address, and do not send BTC to an ETH address. These actions will result in lost funds.

What to Do If Your Deposit Does Not Arrive

If your funds have not arrived after the expected time, troubleshoot as follows:

1. Check a blockchain explorer: Use your transaction hash (TxID/TxHash) to look up the transaction status on the appropriate blockchain explorer

   • BTC: blockchain.com
   • ETH/ERC20: etherscan.io
   • TRC20: tronscan.org
   • BEP20: bscscan.com

2. Confirm the network was correct: If you selected the wrong network, the funds may already be lost

3. Check the confirmation count: The transaction may simply not have reached the required number of confirmations yet — continue waiting

4. Contact customer support: If the blockchain shows the transaction as successful but Binance has not credited the funds, contact Binance customer support

   • App → Profile icon (top left) → "Help & Support" → "Live Chat"

Common Deposit Scenarios

Transferring from another exchange

The most common scenario. Paste the Binance address into the withdrawal page of the other exchange and select the same network. Be aware of the withdrawal fee charged by the other exchange.

Transferring from a wallet

Transferring from wallets like MetaMask, Trust Wallet, or imToken. The process is similar to an exchange, but wallets typically require you to set the gas fee manually.

Cross-chain deposits

If the coin you hold is on Chain A, but you want to deposit it to Binance's Chain B address, you first need to use a cross-chain bridge to move the coin to Chain B, then deposit. This is a more complex operation and beginners are advised to deposit directly on the original chain instead.

Frequently Asked Questions

Q: Does Binance charge a deposit fee? A: Binance does not charge a deposit fee. However, the sending side (wallet or other exchange) typically charges a withdrawal or transfer fee.

Q: Can my deposit address change? A: Most coins have a fixed deposit address, but some (such as certain UTXO-model coins) generate a new address each time. It is recommended to re-verify your address before each deposit.

Q: Can I deposit directly into my Futures account? A: No. All deposits go into the Spot Account first, and you then transfer them to other accounts manually.

Mastering the deposit process is one of the foundational skills for using the Binance app. Remember the core principles: select the right network, verify the address, and test with a small amount first. Follow these three steps and your deposits will go smoothly.

Register on Binance | Download Binance APP