How to Buy Crypto with Web3 and DeFi Wallets Using Binance Connect?
2024-12-12 22:02
P2P Trading
Credit/Debit Card (Apple/Google Pay)
Binance Spot Balance
Frequently Asked Questions
Now, you can buy crypto directly using any of your external web3 and DeFi wallets, such as Trust Wallet, SafePal, and other supported wallets, via Binance Connect with your existing Binance KYC-verified account. You may use P2P Trading, credit or debit cards, or your Binance Spot balance to make your crypto purchase.
Select each tab above to see instructions on how to use each via Binance Connect.
In the following tutorials, we will use Trust Wallet as an example to illustrate how to use Binance Connect to buy crypto.
How to open Binance Connect
1. Open and log in to your Trust Wallet, tap [Buy], and select the crypto you want to buy along with the corresponding network.
2. Enter the amount you want to buy and select the corresponding currency. Choose [P2P] and select [Binance Connect] as the provider.
3. You will be directed to the Binance interface to finalize your purchase.
How to pay with P2P Trading
1. After successfully logging in to your Binance account, your order details will be shown below.
2. Tap [Continue], you will see the seller’s payment details. Please transfer funds to the seller’s account via the payment method listed within the time limit. You may use the [Chat] function on the right to contact the seller directly.
After you have made the transfer, tap [Transferred, Notify Seller].
Important note: You need to transfer the payment directly to the seller through a bank transfer or other third-party payment platforms based on the seller's payment information. If you have already transferred payment to the seller, do not tap [Cancel] unless you have already received a refund from the seller in your payment account. Do not tap [Transferred, Notify Seller]unless you have paid the seller.
3. After the seller confirms your payment, the seller will release the cryptocurrency to you. Once the transaction is considered complete, you can tap [Withdraw] to send the asset back to Trust Wallet.
a. If you haven’t added your web3 wallet address to the whitelist, you’ll have the option to add it for future transactions.
b. If you haven’t completed two-factor authentication (2FA) for your account, you’ll be prompted to do so.
4. Once the order status changes to [Order Completed], you can track your purchase in the web3 wallet. Return to your web3 wallet to monitor your transaction progress on the token's activity page. Once you receive the token, your purchase is complete.
1. Open and log in to your Trust Wallet, tap [Buy], and select the crypto you want to buy along with the corresponding network.
2. Enter the amount you want to buy and select the corresponding currency. Choose [Credit Card] and select [Binance Connect] as the provider.
3. You will be directed to the Binance interface to finalize your purchase.
How to pay with credit/debit cards
1. Select the [Details] icon beside ‘Receive’. The net final amount you will receive will be the purchase amount minus network and platform fees. Make sure that the amount you’re spending amounts for the network fee at the time of purchase; otherwise, you won’t be able to proceed.
2. Please make sure that the selected network matches the one you’re using to receive the funds, to avoid any loss.
3. Under ‘Pay with’, choose [Card] as your payment method.
4. If you haven’t previously added a card, enter your card information and billing address details and tap [Confirm].
5. Carefully review the order details, then tap [Confirm] to proceed. Next, you’ll be prompted to complete the card transaction verification.
6. Please wait as your order is processed.
During this time:
a. If you haven’t added your web3 wallet address to the whitelist, you’ll have the option to add it for future transactions.
b. If you haven’t completed two-factor authentication (2FA) for your account, you’ll be prompted to do so.
c. If the order is terminated due to a risk issue, please contact customer support for assistance.
7. Return to your web3 wallet to monitor your transaction progress on the token's activity page. Once you receive the token order, your purchase is complete.
1. Open Trust Wallet, tap [Buy], and select the crypto you want to buy along with the corresponding network.
2. Enter the amount you want to buy and select the corresponding currency. Choose [Digital Wallet] and select [Binance Spot Wallet] as the provider.
3. You will be directed to the Binance interface to finalize your purchase.
How to pay with Binance Spot fiat balance
1. Select the [Details] icon beside ‘Receive’. Make sure that the amount you’re spending amounts for the network fee at the time of purchase; otherwise, you won’t be able to proceed.
2. Under ‘Pay With’, choose [Spot Wallet] as payment method.
3. Carefully review the order details, then tap [Confirm] to proceed. Next, you’ll be prompted to complete the credit card transaction verification.
Please make sure that the selected network matches the one you’re using to receive the funds, to avoid any loss.
4. Please wait as your order is processed.
During this time:
a. If you haven’t added your web3 wallet address to the whitelist, you’ll have the option to add it for future transactions.
b. If you haven’t completed two-factor authentication (2FA) for your account, you’ll be prompted to do so.
c. If the order is canceled due to a risk issue, please contact customer support for assistance.
5. Return to your web3 wallet to monitor your transaction progress on the token's activity page. Once you receive the token, your purchase is complete.
If you’re unable to complete the purchase, it could be due to the following reasons:
The purchase total amount entered does not factor in the required network fee, so the transaction cannot proceed. Make sure the amount entered is greater than the purchase including the network fee.
Unstable network connectivity during the transaction; try switching to a stable network environment.
If your order was stopped due to a risk assessment, please contact customer support for assistance.
2. Why is the exchange rate and fees different from the initial display?
Exchange rates and fees may fluctuate with market changes. The final rate, including total and breakdown of fees will be shown on the transaction page when you confirm the order. You can view detailed fees by selecting the icon next to ‘Receive’ when placing your order.
3. What are the fees for using Binance Connect to buy cryptocurrency?
Fee Type
Details
Network Fee
Vary depending on the blockchain’s network traffic at the time.
Platform Fee
2% (An additional 0.39% fee applies for payments in a currency different from the card's issuing country.)
4. Which payment methods and currencies are supported?
Due to compliance requirements, certain regions will face restrictions on specific services:
Service Restriction
Regions Affected
All Binance Connect Service
USA & Territories, Canada, Netherlands, Iran, Cuba, North Korea, Syria, Crimea Region, Donetsk, Kherson, Luhansk, Zaporizhzhia
P2P Service
Lithuania, France, Sweden, Japan, Indonesia, Thailand, Bahrain, Dubai
Card Service
Lithuania, Japan, Indonesia
6. Will the purchased cryptocurrency be sent directly to my wallet?
Yes, after the purchase is completed, your cryptocurrency will automatically be transferred to your chosen wallet without any additional steps required.
7. What should I do if my order is canceled or fails?
If your order is canceled or fails, first check if it was stopped due to a risk assessment or other issue.
To check your order status at any time, go to [Wallet] - [Transaction History], then switch to [Fiat Order] or [P2P Order] on the side bar.
If the problem persists, please contact Binance customer support, providing the order number and details for assistance. Tap the [Contact CS] button on the right side of the order for further support.
8. How long will it take to receive the cryptocurrency after completing the order?
Typically, once payment is successful and verification is completed, the cryptocurrency is immediately transferred to your wallet. However, processing time may vary slightly depending on network congestion.
9. Can I choose to receive my cryptocurrency on a different blockchain network?
Yes, you can select from different networks (e.g., Ethereum, BNB Chain) to receive your cryptocurrency. Just make sure the network you choose is compatible with your receiving wallet to avoid any loss of funds.
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