Binance US, the American arm of the world’s largest cryptocurrency exchange, only allows deposits in USD. So, if you want to buy Bitcoin (BTC) or any other cryptocurrency with Binance US, you must first deposit USD into your account.
In this article, we will show you how to do just that.
Before we dive in, please note that the deposit process may vary slightly depending on your bank. We will be using Bank of America as an example throughout this guide.
Step 1: Go to the Deposit page on Binance US
To start, log in to your Binance US account and go to the “Funds” tab. From there, select “Deposit” from the list of options.
Step 2: Enter the amount you want to deposit and select your bank
On the deposit page, you will be asked to enter the amount you wish to deposit in USD. After entering the amount, select your bank from the drop-down menu.
NOTE: WARNING: Binance US deposits may take up to several business days to process depending on the payment method used. Do not make any assumptions about when a deposit will arrive and ensure that you leave enough time for the funds to be credited before attempting any trades. Any delays may result in losses or other financial disadvantages.
In our case, we will be using Bank of America.
If you do not see your bank listed, don’t worry! You can still use ACH transfers to deposit USD into your account. We will cover that method in Step 4.
Step 3: Follow the instructions provided by Binance US
Once you have selected your bank, you will be given specific instructions on how to complete your deposit. In our case, we were instructed to log in to our Bank of America account and initiate a wire transfer.
The instructions provided by Binance US will differ depending on your bank. So be sure to follow them carefully!
Step 4: Wait for your deposit to arrive in your Binance US account (3-5 days)
Once you have initiated the transfer with your bank, all you can do is wait for the funds to arrive in your Binance US account. The deposit process usually takes 3-5 days, but it can sometimes take longer depending on your bank’s processing time.
Once the funds have arrived in your account, you will be able to buy and trade cryptocurrencies on Binance US!.
8 Related Question Answers Found
Binance US, the American arm of the popular cryptocurrency exchange Binance, began rolling out ACH deposits on September 18th, 2019. The feature allows U.S. customers to deposit U.
Binance is a world-renowned cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital assets. One of the many benefits of using Binance is that it offers a variety of deposit and withdrawal options, one of which is bank transfer. Bank transfer deposits on Binance usually take between 1-3 business days to process.
Binance US, the American arm of the popular cryptocurrency exchange Binance, has been up and running for over a year now. In that time, it has built up a loyal user base and established itself as one of the leading exchanges in the US. One of the key features of Binance US is its withdrawal process, which is fast, efficient and reliable.
It may take up to two weeks for your Binance US account to be reactivated. Here’s what you need to do:
1. Submit a ticket to Binance US Support.
It can take anywhere from a few minutes to a few hours for your deposit to show in Binance. The time it takes for your deposit to show will depend on the cryptocurrency you are depositing, the network conditions of that cryptocurrency, and whether or not you have completed all of the required steps for the deposit. If you are depositing Bitcoin, for example, it can take anywhere from a few minutes to an hour or more for your deposit to show.
Binance US, the American branch of the world’s largest cryptocurrency exchange, only allows withdrawals in cryptocurrency. So, if you want to cash out your dollars, you’ll first need to convert them to a supported cryptocurrency. Then, you can withdraw that cryptocurrency to an external wallet or exchange.
It can take up to 24 hours for your withdrawal to be processed by Binance. However, once it is processed, the funds should appear in your account within 2-3 days. There are a few things that can affect the amount of time it takes for your withdrawal to be processed:
-The time of day that you submitted your withdrawal request.
It can take up to 48 hours for Binance US to verify your address. This is because they need to verify your identity and address through multiple sources. If you have provided all of the required information, you should expect to hear back within this time frame.
