Many people face this question right after setting up their Binance account: how do I get money in? Since Binance does not work like Alipay where you can directly link a bank card, the deposit method is slightly different — but it is not difficult at all.
Deposit Method: C2C Trading
Binance's fiat deposit works through C2C (peer-to-peer) mode. In simple terms, the platform matches you with a seller. You transfer CNY to the seller, and the seller transfers USDT to your Binance account.
The platform guarantees transaction security throughout. The seller's USDT is frozen before the trade begins, so there is no risk of paying without receiving coins.
Step-by-Step Process
Register on Binance and complete identity verification, then follow these steps:
- Open the Binance APP, find "Buy Crypto" on the homepage
- Enter the C2C buy page
- The default currency is USDT — enter the amount in CNY you want to spend
- The page will list multiple merchant offers — choose one with high volume and high completion rate
- Tap buy to enter the order details
- Transfer to the merchant according to the payment method shown
- After transferring, tap "I have paid"
- Wait for the merchant to confirm and release the coins
USDT will arrive in your funding account.
Fund Transfer
USDT purchased via C2C goes to your funding account. To trade on the spot market, you need to transfer it to your spot account.
In the APP, tap "Assets" > "Transfer," select from funding account to spot account, enter the amount, and confirm. The transfer is instant and free.
Important Notes
Do not write sensitive notes in bank transfers: Do not include words like "Bitcoin," "USDT," or "Binance" in transfer remarks. Just make it a normal transfer.
Choose merchants based on data: Verified merchants > non-verified. Prioritize those with high volume and high completion rates.
Do not use third-party accounts for payment: You must use your own bank card or Alipay under your real name, otherwise the merchant may refuse to release coins.
Start small: For your first deposit, try 200-500 CNY. Once you have completed the process successfully, you can increase the amount.
Android users can download the Binance APP installation package to complete the deposit process more smoothly on mobile.
Frequently Asked Questions
What if the merchant does not release coins after I paid? Do not panic. On the order page, tap "Appeal" and upload your transfer proof. Customer service will intervene.
What is the minimum deposit? C2C typically starts from 50-100 CNY, depending on the merchant's settings.
Is there a time limit for deposits? Yes, you usually have 15-30 minutes after placing an order to complete payment. The order will auto-cancel if you exceed the time limit.
Once your deposit is complete, you can use USDT to buy your preferred cryptocurrencies on the spot market.