How to deposit Binance in Russia

Binance

In September 2023, the platform introduced restrictions on top-ups for Russian users. However, they only affected P2P exchanges. Traditional trading for traders from Russia is still available. In the material – all options for depositing money into the account of the exchange. Readers will learn alternative ways, how to replenish Binance from a card in Russia, minimum deposits and possible commissions. Instructions are also given on how to deposit cryptocurrencies and fiat, including using third-party platforms.

How you can deposit to the Binance exchange

The platform introduced the first restrictions in 2022. The account of the exchange can not be directly replenished from the cards of banks of the Russian Federation. Nevertheless, most other ways to deposit money are available. Among them:

  • Entering cryptocurrency from a third-party wallet and external exchangers.
  • Replenishment in fiat with the help of electronic payment systems.
  • Exchange tool for transfers between Binance Pay users.
  • Transactions on the peer-to-peer market within the service.

From the card

The most popular banks of the country have fallen under restrictions and are not authorized to replenish accounts on Binance. However, you can enter rubles to the wallet of the exchange from the account and cards of 7 organizations, including Raiffeisenbank.

You can add details in 2 ways. The first one is through the purchase menu:

  1. Click on the button “Deposit” – “Buy cryptocurrency”.
  2. Specify the size of the deposit for payment.
  3. Find cryptocurrency – “Buy”.
  4. Select the payment method “Cards” – “Confirm”.
  5. Next, click on “Add a new card”.
  6. Enter the details – “Confirm”.

The second way to bind a bank card is through the P2P menu. You need to perform the following actions:

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  1. Go to the personal cabinet and select the “Toolbar” section.
  2. Open the “Payment” tab.
  3. Go to the P2P section.
  4. Click on the “Add payment method” button.
  5. Specify the bank. After that, the page will refresh and a form for entering card details will appear.
  6. Insert the number – “Confirm”.

Through the P2P exchange marketplace, you can buy cryptocurrency and replenish your Binance account without commission. Also enter fiat rubles to the wallet.

Through AdvCash.

Replenishment of the Binance balance with rubles is also available through payment systems. AdvCash and PAYEER work with the site. You will need to perform 2 steps:

  1. Deposit money to the account of the payment system.
  2. Transfer fiat to the wallet of the exchange.

Binance does not charge a commission for replenishment from the accounts of partner payment systems. To work on AdvCash or PAYEER sites, you need to register an account and perform its verification. Both fiat and digital assets can be deposited with the help of EPS.

When replenishing the account of the payment system, you need to pay a commission. AdvCash takes 3.5%, PAYEER – from 3.99%. Instructions to make a deposit in rubles with AdvCash:

  1. Go to and authorize on Binance.
  2. Click on “Deposit” (button in the upper right corner).
  3. Go to the “Deposit via bank” tab.
  4. Check rubles in the “Currency” column.
  5. Select “AdvCash account balance” – “Continue”.
  6. Specify the e-mail address, which is linked to the EPS account.
  7. Enter the deposit amount – “Continue”.
  8. At the end of the transfer, confirm the action on the updated page.

According to the same instructions, you can put money to Binance through PAYEER. Also with the help of payment systems you can buy cryptocurrency on Binance P2P.

Transfer from crypto wallets

For each digital asset, the exchange creates its own wallet. To send funds from external storages, you need to prepare an address. To obtain it, you should perform 4 steps:

  1. Click on the “Deposit” button, and then go to the “Deposit cryptocurrencies” section.
  2. Find a coin or token – for example, USDT.
  3. Specify the type of network. The size of commissions may vary. As a rule, BNB Smart Chain and Tron networks have the lowest fees.
  4. Copy the address of the cryptocurrency wallet. You can also use a QR code.

When depositing, assets are credited to the “Main Account” (in the app, “Fiat and Spot”). You can enter cryptocurrencies from the balance of other exchanges, exchangers, receive from external users or deposit from your own wallets (for example, MetaMask).

How to deposit Binance in Russia
Transferring assets in Trust Wallet

Coins are credited in a few seconds (in BNB Smart Chain). In other blockchains, the process can take up to a day – for example, in the zkSync Era network. The transfer time depends on the number of confirmations in crypto networks.

You should carefully check the transaction details before sending. In blockchain, you cannot cancel, delete or edit a transaction once it has been confirmed.

Via P2P

One of the most convenient ways to replenish the wallet of the Binance exchange in 2024 is the exchange of cryptocurrencies and fiat directly between users. The format is called peer-to-peer (P2P). Such a section is available on Binance as well.

How to deposit Binance in Russia
Buying cryptocurrencies for rubles

In September 2023, the platform introduced partial restrictions. Cards of the most popular Russian banks cannot be used as payment for P2P transactions. The list is in the table.

Payment is not acceptedCan be used
Sberbank
Post Bank
Tinkoff
Home Credit Bank
Alfa Bank
Raiffeisenbank
Gazprombank
Renaissance Credit Bank
Otkritie
Rocketbank
VTB
Russian Standard
MTS Bank
Citibank

On Binance P2P offers to sell and buy, users create their own. Therefore, the conditions in them are different. You can choose a deal by several parameters:

  • The name of the cryptocurrency.
  • The price of sale or purchase.
  • Minimum money input.
  • Payment method – by bank card or EPS account.

The exchange guarantees the safety of transactions. If there is a disputed situation, you can click on the “Appeal” button. In this case, the decision will be made by Binance. Instructions on how to buy USDT via P2P:

  1. Go to the “Trading” section.
  2. Click on P2P.
  3. Select the USDT tab.
  4. Check rubles and payment method.
  5. Select an ad with a favorable rate and available limit.
  6. Click on “Buy USDT”.
  7. Read the seller’s comments.
  8. Once again click on “Buy USDT”.
  9. Transfer rubles to the specified card details.
  10. Click on “Paid, next”.
  11. After payment verification, the seller will send USDT. They will appear on the P2P balance.

For further transactions on the exchange (for example, in spot or with futures), you need to transfer cryptocurrencies between account accounts. This can be done in the wallet menu.

Transfer between user accounts

The exchange introduced its own tool for the rapid exchange of money between traders – Binance Pay. To do this, you need to go to the “Wallet Overview” section.

You can transfer cryptocurrencies and fiat by cell phone number, e-mail, Pay ID or short address of the trader’s account (Binance ID).

The transfer form is opened with 2 buttons – “Deposit” and “Send”.

Through platforms from Binance

The ecosystem of the exchange includes different services. For example – an independent trading platform for traders from Turkey Binance TR, Trust Wallet, another payment system Pexpay. Transfers between accounts on these services and the main exchange are carried out without commissions and, as a rule, in one touch. This makes using the entire ecosystem more native for novice traders.

Through an exchange

Another way to get money into Binance is to buy cryptocurrency on a third-party service. This transaction is available on 2 types of exchangers:

  • Self-operated P2P services. Prices are indicated by the authors of the ads.
  • Classic exchangers. In this case, users buy cryptocurrencies at a fixed rate of the site.

When choosing a third-party exchanger, you need to take into account several rules. It is best to study and evaluate platforms on online aggregators. The main conditions when choosing are in the table.

FactorComment
Experience
Exchangers with a long history are more reliable
Reviews
The service should have real and positive reviews
List of assets for exchange operations
A wide selection of assets gives more opportunities for exchange. It is also important that the service supports the transfer and receipt of cryptocurrencies in different blockchain networks. In this case, you can save on commissions.
Limits of possible transactions
Some exchangers work only with large amounts and deposits (from several tens of thousands of rubles)
Selling rate
The purchase price on P2P-platforms is usually lower.
Methods of payment
Unlike exchange services, exchangers can accept payment through banks popular in Russia – for example, through Sberbank or Tinkoff

On most third-party platforms, you don’t need to create a personal account. You can simply transfer rubles and get cryptocurrencies immediately to the balance of the exchange. You need to perform the following steps:

  1. Select the cryptocurrency to buy – for example USDT.
  2. You will also need to specify the network – Tron, BNB Smart Chain or another.
  3. Insert the address of the wallet to receive.
  4. Enter the deposit amount in rubles for the purchase and deposit method – for example, Tinkoff card.
  5. The service will provide payment details. On them you need to send rubles.

As a rule, exchangers check the receipt of money automatically. As soon as the transfer is confirmed, the platform will send steiblecoins to the Binance wallet.

Other options for replenishing the exchange

Exchangers come not only in the form of sites, but also applications and bots. For example, the cryptocurrency wallet messenger Telegram allows you to convert digital currencies on its P2P marketplace. Other storage services also often help you buy digital coins and tokens with payment in fiat money.

For this purpose, they use third-party payment systems – Changelly, Moonpay and others.

After the purchase, the cryptocurrency will be credited to the balance of the third-party wallet. To transfer the assets to the exchange, another transaction in the blockchain will be required.

Limits and fees

Binance does not charge fees for depositing money – neither in cryptocurrencies nor in fiat money. The lower deposit limits for deposit are in the table.

Asset typeMethodMinimum limit
Fiat
Acquisition of assets using the “Buy Cryptocurrency” section
1.2 thousand rubles
AdvCash
100 rubles
PAYEER
1 rub.
Binance P2P and external peer-to-peer services
Users set the minimum limit themselves. It can be found in the details of the listing.
Third-party exchangers
The conditions on the sites may differ. Now you can find services with a minimum limit of $20.
Cryptocurrencies
Transfer from blockchain wallets
Unlimited
Deposit from any P2P
Transaction size is specified by users
Purchase on traditional exchange services
Minimum limits are specified by the platform

Third-party payment systems (AdvCash, PAYEER) take their own commissions. For the input of fiat from bank cards, the fees range from 2% and depend on the payment method. For a transfer from an EPS account – from 0.5% on the part of the payment system. Binance Pay does not take a commission for the transaction.

Third-party exchangers can also add a service fee to the sale rate.

Transfers of coins and tokens in crypto networks are always performed with a commission. The cheapest transactions are in the BNB Smart Chain network. For example, if you replenish the balance of the exchange in USDT through different networks, you need to pay an additional blockchain fee:

  • BEP-20 – $0.1 (approximately 11 rubles).
  • TRC-20 – $1 (approximately 103 rubles).
  • ERC-20 – $3.4 (about 350 rubles).

Frequently Asked Questions

📢 How to get a private key for my wallet on the exchange?

It is impossible. Private keys are only available in non-custodial wallets. The account on Binance, as well as the money in it, is managed by both the trader and the trading platform.

📌 In which digital assets is it better to deposit?

It is recommended to choose stablecoins. Their rate is usually linked to the fiat dollar price and changes less. If you buy for fiat fundamental cryptocurrencies (for example, BTC) during the transaction, the price can change significantly.

✨ What are futures?

These are transactions that allow traders to make money on the price of an asset in the future. As a result, income is earned on both the rise and fall of the exchange rate.

💳 Is it possible to withdraw money in fiat?

Yes. To do this, use P2P-market or affiliate payment system.

🔔 Who are merchants?

It is a special status for traders on Binance P2P. It helps to get a discount on commissions and other bonuses from the exchange.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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