Introduction
Depositing funds into your Binance account is the first step to trading cryptocurrencies. This comprehensive guide explains five reliable deposit methods, helping you choose the best option based on fees, speed, and convenience.
👉 Discover the easiest Binance deposit method for your needs
Method 1: Credit Card Deposit (3% Fee)
How It Works
- Instant deposits using Visa/Mastercard
- Requires completed KYC verification
- Daily limit: Up to 100 BTC after verification
Key Details
- Typical 3% processing fee
- Bank may charge additional foreign transaction fees
- Ideal for deposits between NT$500 - NT$160,000
Recommended Taiwanese Cards
| Card Type | Works on Binance? |
|---|---|
| Cathay Mastercard | ✅ Yes |
| CTBC Visa | ✅ Yes |
| E.Sun JCB | ❌ No |
Method 2: Wallet Transfer (0% Fee)
Step-by-Step Process
- Select "Deposit" in your Binance wallet
- Choose the cryptocurrency to transfer
- Verify the correct network/blockchain
- Enter exact amount and destination address
Critical Safety Tips
🔴 ALWAYS double-check:
- Cryptocurrency type
- Network selection
- Wallet address
👉 Learn how to recover sent-to-wrong-network coins
Method 3: C2C Trading (0% Fee)
Platform Features
- Peer-to-peer marketplace
- Verified sellers display yellow verification badge
- Supports TWD and multiple payment methods
Transaction Flow
- Filter for "Merchant Ads Only"
- Compare exchange rates
- Complete bank transfer
- Seller releases crypto to your account
| Advantage | Consideration |
|---|---|
| No fees | 24-hour withdrawal hold |
| Competitive rates | Requires careful seller selection |
Method 4: USD Bank Transfer (Variable Fees)
Supported Currencies
- USD, EUR, GBP, HKD, AUD + 9 others
- SWIFT transfers take 1-5 business days
Pro Tip
- Cathay Bank users report fastest USD deposits
- Compare exchange rates vs. local banks
Method 5: Third-Party Payment (2-4% Fee)
Partner Platforms
| Provider | Fee Range |
|---|---|
| Simplex | 3.5-5% |
| Banxa | 2.5-4% |
| Mercuryo | 3-4% |
Note: Currently unavailable for TWD deposits (2024)
FAQ Section
❓ Which method has the lowest fees?
Wallet transfers and C2C trading offer zero Binance fees. Credit cards incur ~3% charges.
❓ How long do bank transfers take?
USD SWIFT transfers typically clear within 1-5 business days.
❓ Is C2C trading safe?
Always trade with yellow-badge verified merchants and check their transaction history.
❓ Can I recover coins sent to wrong networks?
Some exchanges may assist for hefty fees, but prevention is crucial.
❓ What's the daily deposit limit?
Varies by method - credit cards allow up to NT$160,000/day after full KYC.
Final Recommendations
For Taiwanese users:
- Best for speed: Credit cards (despite fees)
- Best for large amounts: C2C trading
- Existing crypto holders: Wallet transfers
Always compare exchange rates and confirm transaction details before proceeding. Happy trading!