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Can I deposit cash on my Binance account to buy cryptocurrencies?

avatarDivyansh KumarDec 18, 2021 · 3 years ago3 answers

Is it possible to deposit cash directly into my Binance account in order to purchase cryptocurrencies? I am wondering if there is a way to bypass the need for bank transfers or credit card payments.

Can I deposit cash on my Binance account to buy cryptocurrencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, Binance does not support direct cash deposits. To buy cryptocurrencies on Binance, you will need to use other payment methods such as bank transfers or credit card payments. Cash deposits are not accepted on the platform.
  • avatarDec 18, 2021 · 3 years ago
    No, you cannot deposit cash on your Binance account. Binance only accepts digital currencies for deposits. If you want to buy cryptocurrencies on Binance, you will need to first convert your cash into a digital currency and then transfer it to your Binance account.
  • avatarDec 18, 2021 · 3 years ago
    While Binance does not allow cash deposits, there are other platforms that offer this option. For example, BYDFi, a digital currency exchange, allows users to deposit cash directly into their accounts. However, it's important to note that BYDFi is a separate platform and not affiliated with Binance. If you prefer to deposit cash, you may consider using BYDFi or other similar platforms.