Main Takeaways

  • We have integrated Binance Wallet with Binance Connect, the official fiat-to-crypto gateway of Binance, enabling instant crypto purchases with fiat currencies.

  • This integration enhances Binance users’ options when buying crypto via Wallet, presenting an alternative to withdrawing or transferring already-held crypto from an exchange or external wallet.

  • Newly supported purchase methods include credit/debit card, Apple Pay, Google Pay, and users’ Spot balance, all within Binance Wallet. 

What is Binance Wallet?

Binance Wallet is a self-custody Web3 wallet with a simple interface to store and trade digital assets. Unlike custodial wallets that operate under centralized services, Binance Wallet gives users full control of their assets and private keys.

In an upgrade enhancing user experience even further, Binance Wallet now supports convenient crypto purchases using fiat currencies, thanks to the integration with Binance Connect, our official fiat-to-crypto processing solution. Previously, to make a purchase, users would first have to swap fiat to crypto on an exchange or external wallet before transferring the funds to their Binance Wallet.

What is Binance Connect and How Does it Work with Binance Wallet?

Binance Connect serves as a link between fiat and crypto. It is designed to reduce the technical barriers to making crypto purchases from Web3 platforms, relying on a robust network of fiat services to enable seamless buying and selling of crypto, on and off the chain.

With the integration of Binance Connect, Binance Wallet users now have the option to use their credit/debit cards, Apple Pay, Google Pay, or their Binance Spot balance to buy crypto.

Key Benefits of Binance Wallet for Fiat-to-Crypto Transactions

  • Access to over 300 cryptocurrencies at competitive rates through direct fiat purchases using VISA and Mastercard credit/debit cards, Apple Pay, Google Pay, and Binance Spot account balance.

  • Seamless fiat-to-crypto transactions, all within the Binance Wallet app, in just a few simple steps.

  • Transactions are linked to existing Binance users’ KYC-verified accounts.

How to Buy Crypto with Credit/Debit Cards via Binance Wallet

1. Log in to your Binance app and go to [Assets]. Then tap [Wallet].

2. Tap [Receive] - [Buy with Card].

3. Select the crypto you wish to buy along with the corresponding network.

4. Enter the amount of fiat you wish to spend, then choose the payment method from the drop-down menu. Tap [Continue] to proceed with the order.

5. Follow the instructions to complete your payment, then wait for the transaction to be processed.

6. To check details of the transaction, go to the homepage, then tap [History].


What’s Next for Binance Wallet and Web3 Transactions?

Binance Wallet continues to expand its functionality to enable even more possibilities for users to engage with the world of Web3 and crypto. It aims to be a one-stop solution for users of all levels of experience, contributing to the broader adoption of digital assets. Aiming to set a new standard in making digital finance more accessible and user-friendly, Binance reaffirms its commitment to innovation, making crypto transactions simpler, safer, and more convenient for Web3 users worldwide.

Further Reading

  • How to Buy Crypto with Credit/Debit Card on Binance Wallet

  • How to Buy Crypto with Web3 and DeFi Wallets Using Binance Connect?

  • Binance Connect Relaunches with Seamless Fiat-to-Crypto Integration for Web3

  • What Is Binance Wallet and How Does It Work?

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Binance Connect is only available to users who are eligible and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. 

Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Wallet Terms of Use and always do your own research.