Cash to crypto: how to top up cryptocurrencies on your Binance Pay with fiat channels | Blog de Binance

Find out how you can use local currency to top up your Binance Pay with cryptocurrency funds.

In this article, you will learn how to add cryptocurrency funds to your Binance Pay account using Binance fiat channels.

Introduction to Binance Pay and the fiat channels used to send funds

Binance Pay launched in February 2021 as a contactless, borderless and secure cryptocurrency payment service. With Binance Pay, you can shop with cryptocurrencies and send them to your friends and family around the world, at no cost. Binance Pay is part of our long-term mission to enrich the cryptocurrency experience and empower people to use them in their daily lives.

To access Binance Pay, download the Binance app, go to Wallets, and then select Pay from the options at the top of the screen.

If you want to send funds to your Binance Pay account, you can instantly transfer your cryptocurrency holdings from your Binance spot wallet to the new fund wallet, the wallet that centralizes Binance Pay, P2P, Card and Gift Cards transactions. Once you’ve transferred the funds, you’ll be able to start sending and receiving cryptocurrency payments on Binance Pay.

But what if you only have local currency? You can still take advantage of Binance’s varied fiat payment options such as:

In this article, you will learn how to use Binance’s fiat channels to fund your Binance Pay wallet with accepted cryptocurrencies. How to Convert Cash into Cryptocurrencies to Use on Binance Pay

Depending on your region, there are several ways to top up your Binance Pay account with fiat channels ranging from credit cards to bank transfers, among other options.

We’re going to show you every step you’ll need to take to top up your Binance Pay by credit or debit card.

Step 1: Go to the credit or debit card page. To access it from the desktop, click Buy Crypto and then choose Credit or Debit Card. In the app, tap the Buy with Cash button on the home screen, then select Credit or Debit Card.

Step 2: On the Buy Crypto screen, choose your preferred fiat currency, the amount, and the cryptocurrency you want to buy.

Step 3: You can pay using a new card, but you must first add the credit card information to our system in order to proceed with the purchase. Otherwise, you can choose from the cards you’ve already registered to your Binance account.

Step 4: Confirm the transaction details; you will have a period of one minute. Once you have received the cryptocurrencies in your spot wallet, transfer the funds to your Binance Pay wallet.

Another easy way to fund your Binance Pay account is to deposit fiat into your spot wallet and trade for a supported cryptocurrency.  This is a simple way to convert your cash into cryptocurrencies by card deposit.

Note: Binance supports fiat deposits in selected local currencies. Before you do anything, check if your local currency is one of the supported ones.

Step 1: On your desktop, go to Buy Crypto, then select Card Deposit. In the app, go to Wallets, and then under Summary, tap Deposit.

Step 2: Choose one of the fiat currencies supported by Binance, then select Bank Card from the payment options.

Step 3: Enter the amount of fiat currency you want to deposit. Select your preferred credit or debit card (you can also enter a new one) and then, when prompted, confirm the transaction.

Step 4: Go to Markets, find a trading pair that supports your deposited fiat currency and then enter the trading screen of that pair.

Step 5: Make a spot trade with the deposited fiat currency to buy your preferred cryptocurrency. For more details, you can check out our spot trading FAQ.

To better understand your options on deciding whether to buy crypto directly or with a fiat currency, or deposit fiat funds before converting them to cryptocurrencies, you can check out this article: Do you make crypto purchases with a card or through card deposits? What’s the difference?

How to transfer your cryptocurrencies to Binance Pay

Before reloading your funds on Binance Pay, please note that this functionality currently supports the following cryptocurrencies: BTC, BNB, BUSD, ETH, ADA, ATOM, AVA, BCH, BIDR, CHR, CTSI, DAI, DASH, DOGE, DOT, EGLD, EOS, ETC, FIL, FRONT, FTM, GRS, HBAR, IOTX, LINK, LTC, MANA, MATIC, NEO, OM, ONE, PAX, QTUM, SLP, STRAX, SUPER, SXP, TKO, TRX, TUSD, UNI, USDC, USDT, VAI, VET, WRX, XLM, XMR, XRP, XTZ, XVG, XVS, ZEC and ZIL.

To top up your Binance Pay account you only need to perform a few steps. For a complete guide to frequently asked questions, read “What Binance Pay is and How It’s Used.”

Here are the steps you need to follow:

Step 1: Whether you are accessing Binance on the desktop or in the app, go to Wallet, then Summary and choose Transfer.

Step 2: Select Fiat and spot under “From” and Funds under “To”. Choose a cryptocurrency supported by Binance Pay, enter the amount you want to transfer, and tap Confirm.

Step 3: You can now use your cryptocurrency from the wallet of funds to make everyday payments using Binance Pay.

Please note that the Funds wallet now centralizes all asset transactions you make on Binance Pay, P2P, Card and Gift Card services.Binance Pay Benefits and Use Cases

Simply put, with Binance Pay we’re making cryptocurrency payments easy in three ways:

As we stated before, we created Binance Pay to become a solution for cryptocurrency payments. With the support and trust of reputable companies like Travala we will continue to increase traders as we move into the future.  Stay on the lookout for new use cases and benefits in the coming days, including the upcoming payment solution we’re working with with Alchemy Pay.Live life #CryptoLifestyle with Binance

Take your first steps by registering an account on Binance.com or download binance’s cryptocurrency trading app. Then verify your account. After verifying your account, there are two main ways to buy cryptocurrencies on Binance with cash: you can do it by bank transfer, card gateways or e-wallet options.

Linking your credit, debit or bank account card (available in many regions) is one of the easiest ways to buy Bitcoin and over 100 different cryptocurrencies.

Risk Warning: Investing in cryptocurrencies is subject to high market risk. Binance is not responsible for any of your trading losses. The above opinions and statements should not be considered financial advice. For more information, see the following articles:

• (Support) How to perform identity verification

• (Help Center) How to buy crypto by credit or debit card on the website and in the app

• (Help Center) How to buy crypto by bank/cash transfer

• (Blog) Do you buy cryptocurrencies with a card or with card deposits? What’s the difference?

• (Blog) How to diversify your cryptocurrency portfolio?

Originally posted 2022-04-22 23:02:24.