Depositing USD into your Binance account via wire transfer is now possible for users with foreign currency bank accounts. This method allows direct USD deposits once you've linked your foreign currency account to Binance. Below, we'll guide you through the setup process on both Binance and domestic banks to complete your cryptocurrency funding.
Step 1: Retrieve Wire Transfer Information (SWIFT Details) from Binance
- Navigate to Binance and click "Buy Crypto" in the top-left corner.
- Enter USD as the payment method.
- Select "Bank Deposit" from the four available options.
If the system doesn't automatically redirect you to the deposit page:
- Go to Wallet > Spot Wallet > Deposit > Fiat Deposit.
Follow the on-screen instructions to proceed.
Choosing Between SWIFT and SEN
You'll see two deposit options:
- SWIFT: Available for individual users (recommended for most investors).
- SEN: Designed for corporate/institutional users.
Select SWIFT and proceed.
Entering Deposit Amount
- Input your desired deposit amount on the right side.
Binance will convert your deposited USD 1:1 into BUSD (Binance USD) to avoid exchange rate fluctuations.
- BUSD is a stablecoin pegged to the USD, maintaining a consistent 1:1 value.
- Example: A $2,500 deposit credits 2,500 BUSD to your spot account.
Fee Note:
- Binance charges no deposit fees, but withdrawals incur a $30 fee.
- Your bank may apply international wire transfer fees (varies by institution).
Click "Continue" after confirming the amount.
Important Reminders
Binance will display two prompts:
- Confirm that the汇款 account is under your name.
- Note the reference code (screenshot recommended for future verification).
Click "Confirm" to proceed.
Saving Bank Wire Details
The system will generate your unique汇款 details. Save this screenshot—you'll need it for bank汇款 forms.
Step 2: Submitting a Wire Transfer at Your Bank
Procedures differ by bank. Below is an example using Taipei Fubon Bank:
Fees Breakdown (Example)
- Processing Fee: 0.05% of汇款 amount (min NT$100, max NT$800).
- Telegraphic Fee: NT$300 per transaction.
For a $300 deposit, expect ~NT$400 in total fees.
Tip: Enable online international汇款 via net banking to avoid future branch visits.
Account Name Mismatch Solution
If your Binance (English) and bank account (Chinese) names differ:
- Binance客服 confirms transactions are valid if the account holder is the same person.
Filling Out the汇款 Form
Key fields:
- 汇款 Amount: Enter USD amount.
- Recipient Info: Country = US.
- Recipient Bank: Use details from Binance's screenshot.
- Reference Code: Include the code provided by Binance.
Consult your bank representative for unclear fields.
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Step 3: Troubleshooting Delayed Deposits
Standard processing: 2–3 business days. If BUSD isn’t credited after 3 days:
- Contact Binance support via the website’s live chat.
Provide:
- 汇款 receipt (MT103 or bank slip).
- Bank account cover photo.
- 汇款 details screenshot.
Note: Address verification issues may require manual客服 assistance. Always request a汇款 receipt from your bank.
FAQ Section
Q1: Can I use a non-USD foreign currency account?
A: Binance currently only supports USD via SWIFT. Convert other currencies to USD first.
Q2: Why was my汇款 rejected?
A: Common reasons include incorrect recipient details or missing reference codes. Double-check with your bank.
Q3: Are there deposit limits?
A: Binance imposes no limits, but your bank might. Confirm with them beforehand.
👉 Maximize your deposits with low-fee trading
Final Thoughts
Wire transfers are ideal for USD holders, eliminating台币 conversion fees and credit card charges. For further reading:
Disclaimer
This guide is for educational purposes only. Cryptocurrency investments carry risks, including potential loss of capital. Always use regulated exchanges and consult financial advisors.
Last updated: May 2024.