How To Fund Binance (Fiat & Cryptocurrency) | Step By Step Tutorial

In this video, I’ll compare all the possible methods to fund Binance, then show you how to fund Binance using the correct methods.

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0:00 - Intro

1:14 - How I am comparing
I’ll be starting out with SGD1k and will compare which method will give me the most BUSD in Binance. BUSD is chosen because it is a stable coin which is immune to fluctuations, and has one of the most currency pair in Binance.

2:44 - Credit Card
If you fund via credit card, you will have to pay a 2% fee. So credit card is out.

2:57 - TransferWise or Revolut
Revolut and TransferWise have really good exchange rate, but Binance doesn’t support them, so they are out too.
https://www.binance.com/en/support/faq/e117b4c063534e5f93b735b980575000

3:17 - Transfer Crypto
The next method is buying crypto on a more convenient platform, then transfer over to Binance to buy your cryptos. I found that BUSD on Binance SG will give you the best rate. But Binance SG won’t be allowing you transfer cryptos to Binance. So my second choice is Gemini.

3:58 - Bank Transfer
Binance doesn’t support SGD bank transfer, so you will have to transfer USD in. You will need to have a multi currency account, like DBS Multiplier for this. The downside is it will take about 1-5 business days for your money to arrive.

If you want a better rate, you can use Tiger Brokers or Moomoo to convert SGD into USD. Then send USD to Binance. But this will take extra 3-5 days.

5:06 - Comparison result
Transferring crypto will give a good rate. You can also use bank transfer, which gives a lower rate, and it will take more time. Convert via Tiger Brokers/moomoo will give a better rate.

6:03 - How to transfer crypto to binance.com

6:42 - How to bank transfer USD to binance.com

6:55 - Bank transfer: Transfer SGD to Tiger Brokers

7:31 - Bank transfer: Convert SGD to USD

7:59 - Bank transfer: Transfer USD to DBS

8:19 - Bank transfer: Add Binance as recipient

9:33 - Bank transfer: Bank transfer to Binance