Introduction to Binance Funding
Binance, established in 2017, is the world’s largest cryptocurrency exchange with over 270 million users globally. However, after registering an account, you’ll need to fund it to purchase cryptocurrencies like Bitcoin or Ethereum.
What is funding?
It’s the process of transferring money into an exchange to buy cryptocurrencies, similar to depositing funds into a brokerage account for stock trading.
This guide covers the three most cost-effective methods to fund your Binance account in 2025:
- Credit/debit card purchases
- Funding via Taiwanese exchanges
- C2C trading (Note: No longer supports TWD due to 2024 AML regulations)
Comparison of Binance Funding Methods
| Method | Pros | Cons | Best For |
|---|---|---|---|
| Taiwanese Exchanges | Low fees, competitive rates | Requires identity verification | Cost-conscious users |
| Credit Card | Instant processing | High fees (~5% total) | Small deposits |
| C2C Trading | Discontinued for TWD | N/A | N/A |
👉 Recommended method: Funding via Taiwanese exchanges (e.g., MAX/BitoPro) due to lower costs and better rates.
Preparation Before Funding
Create a Binance Account
- Register using an invite code for 40% off trading fees.
Complete KYC Verification
- Submit ID documents to enable funding and trading.
Method 1: Funding via Taiwanese Exchanges
Step-by-Step Process:
Deposit TWD into MAX Exchange
- Transfer funds from your bank to MAX’s designated account (1-minute processing).
- Note: Only use verified bank accounts; ATM/online transfers only.
Buy USDT on MAX
- Navigate to USDT/TWD trading pair and execute a market/limit order.
Withdraw USDT to Binance
- Copy Binance’s USDT deposit address (use Arbitrum One network for low fees).
- Transfer from MAX to Binance (~3-5 minutes).
Method 2: Credit Card Funding
Steps:
- Select "Buy Crypto" → "Credit Card" in Binance.
- Enter amount (min. 550 TWD) and card details.
- Complete identity verification (photos + questionnaire).
- Confirm transaction.
Fees: ~3.5% (2% platform fee + 1.5% overseas charge).
Method 3: C2C Trading (Discontinued)
- As of December 2024, Binance C2C no longer supports TWD due to AML regulations.
Fee and Rate Comparison (2025)
| Method | Fee | USDT/TWD Rate | Speed |
|---|---|---|---|
| Taiwanese Exchange | 0.1–5 USDT | 29.97 | Slow |
| Credit Card | ~5% | 31.51 | Instant |
Troubleshooting Funding Issues
- Credit card declined? Try a different bank card.
- Wrong network/address? Contact Binance support immediately.
FAQ
Q: What’s the cheapest way to buy USDT?
A: Use Taiwanese exchanges like MAX or BitoPro.
Q: Minimum funding amount?
A: 550 TWD for credit cards; no minimum for exchange transfers.
Q: How long does funding take?
A: Usually under 10 minutes.
Q: Is Binance safe?
A: Yes, with SAFU insurance and Proof of Reserves.
Final Tips
- Always verify transaction details.
- Use Taiwanese exchanges for optimal rates.
- Monitor Binance’s Proof of Reserves for transparency.