After my article on mistakes to avoid as a beginner, I received comments with questions like: How to make a crypto deposit on Binance? So I decided to write this article to guide you step by step.

Sending crypto (or fiat currency) to Binance is an essential step to start trading, investing, or exploring the world of Web3. Whether you are new to the ecosystem or already using another platform like Coinbase, this guide explains how to transfer your funds securely to Binance, step by step.

Why transfer your funds to Binance?

Binance is currently one of the most comprehensive crypto platforms in the world. By transferring your assets there, you benefit from:

  • A wide choice of cryptocurrencies and trading pairs

  • Innovative products like staking, Futures, Launchpools, and the Web3 Wallet

  • Competitive trading fees

  • A smooth interface suitable for all profiles (especially with the latest update of the Binance user interface 😉)

What you need before starting

To make a transfer to Binance, make sure you have:

  • A verified Binance account (👉 Create an account here)

  • A secure Internet connection

  • The compatible network for the crypto to be transferred (e.g., Ethereum or BNB Chain)

How to send crypto from Coinbase to Binance

I am taking the example of Coinbase, but you should know that regardless of the platform, the process is generally the same.

Here are the steps to transfer your crypto (e.g., USDC or BTC) from Coinbase to Binance:

Step 1: Retrieve the Binance deposit address

  1. Open your Binance app and click on the Deposit button on the homepage

  2. You choose the method by which you want to receive crypto. If you do not have any crypto assets on another platform, you can buy them through P2P Trading or purchase with Fiat (direct purchase) or Receive via Pay (from another Binance user you know). If you want to receive crypto from another platform like Coinbase, you will choose Crypto Deposit

  3. Choose the crypto you want to receive (e.g., USDC)

  4. You will see the available networks for depositing USDC on Binance. Please make your choice carefully and make sure that the selected network is the same as the network of the platform from which you are withdrawing funds. If you select the wrong network, your funds may be lost and unrecoverable.

  5. You will see a QR code and the deposit address of the network you have chosen. Tap the Copy icon to copy the deposit address, then paste it in the address field of the platform from which you wish to withdraw crypto. You can also tap [Save and share the address] to save the QR code and import it directly to the withdrawal platform.

Reminder: Make sure that the chosen network is the same as the one you will use on Coinbase.

Step 2: Send from Coinbase

  1. Log in to your Coinbase account

  2. Go to My Assets > Transfer > Send cryptocurrencies

  3. Paste the Binance address you copied and then select it

  4. Choose the crypto to send

  5. Select the network

  6. Enter the amount > Preview

  7. Choose the Exchange platform option

  8. Check Send to myself (if it is indeed your Coinbase account) > Continue > Continue > Send now

✅ A confirmation will appear. The transfer may take a few minutes depending on the chosen network.

How to deposit fiat currency (USD, EUR
) on Binance

If you wish to deposit funds directly in local currency:

  1. Open your Binance app and go to your Spot or Funding wallet and then click on the search icon

  2. Search and choose the currency of your choice (e.g., EUR)

  3. If you have crypto on your Binance account, you can choose to convert it to EUR, but you must ensure that you have a cryptocurrency among those accepted for the trading pairs available for EUR. In this case, you choose Convert to EUR and then follow the on-screen instructions. Otherwise, you click on Add EUR

  4. You will then be redirected to a page where you will choose your preferred payment method from those available and then click Continue

  5. Enter the amount and then click Pay now

  6. Then follow the instructions displayed on the screen

🔄 Processing times may vary depending on the chosen method.

Security tips not to be neglected

  • Enable two-factor authentication (2FA) on your Binance and Coinbase accounts.

  • Verify the accuracy of the address before confirming the send.

  • Do a test with a small amount to avoid mistakes.

  • Avoid transfers via unsupported networks.

⚠ Please read carefully (NFA)

This article is provided for informational purposes only. It does not constitute financial advice. Always do your own research (DYOR) before making a deposit or investment.

📎 Useful resources

#CryptoDebutant