How to deposit Binance on your phone step by step?

TutorialsAugust 20, 2021

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How to deposit Binance on your phone? Binance is one of the leading exchanges in the world. To trade on any exchange, you need to deposit funds on the exchange. Currently, users can top up Binance by buying coin/stablecoin with USD and using that coin/stablecoin to trade on the exchange. Or you can buy coin/stablecoin on another exchange and then transfer that coin to Binance exchange.

How to deposit Binance on your phone

Transactions, purchases, top-ups on phones are becoming more popular with everyone. The P2P method of depositing money into Binance via P2P is the easiest to implement and the most widely used. This article will guide you in detail on how to deposit directly to Binance on your phone via the P2P trading method.

To deposit to Binance, you definitely need to open a Binance account first. After opening a Binance account, you log in to your Binance account.

* See more: The complete guide Binance from a to z

On the homepage of the Binance screen on your phone, click P2P Trading.

How to deposit Binance on your phone 1

  • You choose the currency you want to transact with. For most users, you choose USD.
  • Select the [Buy] tab
  • Select the coin you want to deposit into Binance. Currently, Binance allows you to deposit 6 coins via P2P, as shown in the illustration. Normally, it would help if you chose USDT or BUSD. These are two stablecoins that are 1:1 with USD and can be used to buy many other coins on Binance.

How to deposit Binance on your phone 2

After selecting the right trading conditions, you will see a list of people selling the coin you want to buy below the screen. You choose the appropriate seller and click [Buy].

It would help if you chose sellers with the following criteria:

  • There is a gold tick, a high number of transactions made & a high transaction completion rate – showing the seller’s reputation.
  • Time to complete a transaction.
  • You also need to see about the minimum buy/sell amount, the payment method that’s right for you.

How to deposit Binance on your phone 3

  • Select the [By Fiat] tab
  • Enter the amount you want to use to buy coins to top up Binance
  • Click [Buy USDT] in case you want to deposit USDT into your Binance account.

  • Click [To Payment page] for payment information.

Exit the screen to the payment interface to make payment to the merchant:

  • Partner payment information into money transfer information
  • In the content of the transfer, you write the order number of the transaction

After successful payment, you return to the Binance screen, then click [Paid] – Paid, next. It would help if you waited for the merchant to transfer the coin after confirming receipt of the payment. It usually takes a merchant about 15 minutes to confirm receipt of your payment.

  • After the merchant completes the transaction, the screen shows the message [Funded to your wallet].
  • Click [View Wallet Balance] to double-check the balance you just received from the merchant.
  • After that, you can transfer the newly purchased coin to the [Fiat and Spot] wallet to buy other coins on the exchange.
  • See more: How to transfer coins between Binance wallets?

Above is a guide on top up your Binance account on your phone via the P2P method. Trading on your phone is pretty much the same as doing it on a computer. The operation is also quite simple. You need to follow the instructions shown on the screen to be able to do it successfully. Funding an account is the first step for every trader. Then to be profitable, you need a mature trading strategy.

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