Binance for Beginners: A Step-by-Step Guide to Depositing Funds into Binance
If you're new to Binance, here are 3 basic methods to deposit money into the platform:
1. Deposit via P2P – Peer-to-Peer Trading (Recommended for Vietnamese Users)
P2P allows you to buy cryptocurrencies (commonly USDT) using VND by transferring money directly to verified sellers on Binance. This is the fastest and safest way to start if you don’t already own crypto.
🔹 Steps:
Step 1: Log in to Binance > Tap “Trade” > Select “P2P”.
Choose the "Buy" tab > Select USDT.
Step 2: Filter sellers by your preferred bank (e.g., Vietcombank, MoMo).
Step 3: Click “Buy”, enter the amount in VND, then make a bank transfer with the exact amount and correct payment note.
Step 4: Once the seller confirms receipt, Binance will release the USDT to your wallet.
🛡️ Important Notes:
Choose sellers with verification badges, high ratings, and a completion rate over 95%.
Do not transfer money before clicking “Buy”.
Never include keywords like "USDT", "Binance", or "coin" in your bank transfer note
2. Deposit Crypto from Another Wallet (Trust Wallet, MetaMask, Other Exchanges)
This option is for users who already own crypto elsewhere.
Step 1: Open the Binance app
→ Go to Wallet > Tap “Deposit”.
Step 2: Select the coin you want to deposit (e.g., USDT, BTC, ETH).
→ Then, choose the correct blockchain network:
TRC20 (low fees, commonly used
BEP20 (Binance Smart Chain)
ERC20 (higher fees, use only if necessary)
Step 3: Copy the deposit address
→ Paste it in the sending wallet (e.g., Trust Wallet, MetaMask, other exchange).
Step 4: Confirm and send
→ Wait a few minutes to a few dozen minutes (depending on the network) for the crypto to arrive in your Binance Spot Wallet.
🛡️ Important Notes:
Always choose the correct network — sending via the wrong one may result in permanent loss of funds..
🔹 Steps:
Step 1: Create an account on VNDC or Remitano.
Step 2: Buy USDT using VND (usually via Internet Banking or MoMo).