Insufficient Funds? How to add funds to your Cryptocurrency Trading Account

Have you created a new trading account and do not know how to transfer funds to it? Do you know the rules and prerequisites for transferring money between your account and your wallet, as well as the security points to observe? Do you know techniques like double-checking address and 2FA activation? In this article, we will cover all these and show you how to top up your trading account.

Deposit Networks

In this section, you must select the same network that you want to send from the source wallet. In other words, the network in the source and destination wallets must be the same, otherwise, you will lose your digital currency.

How to Deposit Funds on Binance Exchange

As you know, Binance is the number one exchange in the world of digital currencies and has the largest trading volume. So first log in to your Binance site.

1. In the Wallet section, click the Overview option.
2. On the new page, click on the Deposit option.
3. Here you have several choices like the one below.
4. If you want to add digital currency, click on the Deposit Crypto option.
5. Now select the digital currency you want to deposit into your account.

After selecting the desired network, click on Binance Wallet’s deposit address to save the address on your keyboard. Now send your digital currency to the address you copied. (Note that the networks are the same).  After confirming the request, your digital currency will be added to your Binance wallet. You can go to the Withdraw section to withdraw your digital currency. Select the desired digital currency. Select the desired network (network fees are slightly different). In the address field, enter the address of your wallet and click on Withdraw. You can also view your account reports in the Transaction History section.

Please read the description (warning) at the end of the article before submitting your digital currency.

Cash to Crypto by Binance Pay via Fiat Channels

You can charge your digital currencies account in Binance Pay using fiat channels. Above all, with Binance Pay you can buy digital currencies at no extra cost. To use this network, you must download the Binance app and go to the wallet section. Now click on the Pay option. Now you can use Binance Pay, P2P, Card and Gift Cards, etc. You can also use fiat payment options. Click on the Credit / Debit option.

On the Purchase page, enter the amount of fiat currency and the currency you want to buy. If you have already registered a card in the Binance account, go to the next step, otherwise enter your card information by adding a new card to the Binance account. Therefore you can transfer your Digital Currency Transaction from Spot Wallet to Binance Pay Wallet after confirmation.

 Binance Pay currently supports the following cryptocurrencies:

Coinbase

To deposit your digital currency with this exchange, follow the steps below:

1. Open the trading view at pro.coinbase.com/trade
2. Click the Deposit button on the left.
3. In the Currency Type section, you can select the digital currency you want to receive.
4. Now you can select the network you want and also copy your personal address.
5. After copying, log in to your wallet and send your digital currency to the copied address.
6. To withdraw your digital currency, click on Withdraw and select your digital currency and the network you want. You can also see the minimum Withdraw in this section.
7. Now in the address field, enter the address of your wallet and click OK. Your withdrawal request will then be processed.

Please read the description (warning) at the end of the article before submitting your digital currency.

KuCoin

To deposit your digital currency in this exchange, follow the steps below:

• Enter the main site and click on Asset “and click” Main account (Deposit & Withdraw).

• Click on the Deposit option on the left and search for the digital currency name you want to receive.
• Select it after searching.
• On this page, you can see the minimum deposit amount (if you deposit less than this amount, you may lose your digital currency). Be sure to check the network you are using.
• Now click on the deposit address and copy it.
• Then go to your wallet and send your digital currency to the copied address.

Please read the description (warning) at the end of the article before submitting your digital currency.

Deposit and Withdraw in exchanges such as Huobi Global, FTX, etc, are also similar and there is a slight difference between them.

Warning

In this section, we review the measures to increase your security in the field of Deposit and Withdraw and the security of your wallet.

Double-Checking Address

Always make sure you enter the correct address before sending your digital currency. Your system may have mistakenly copied the address automatically, or even hackers may have infected your device with a virus. If your system is infected with malware, a hacker can get all your information. It can even change the address copied to your keyboard so that you can send your digital currency to the hacker’s address. To prevent these hacking methods, be sure to install an antivirus and check the address again before Withdraw.

Two-Factor Authentication

By activating two-factor authentication or 2FA, you can increase the security of your account and view deposit and withdrawal notifications, and confirm them personally. So this method is very useful to prevent scammers and most exchanges offer this option to users.

Checking Transactions on The Network

After making a deposit to your account, your digital currency will display a TxID (Transaction ID). So you can copy it and search for it on the network where you traded. After searching, you can see the transaction information such as transfer rate, sender address, recipient address, transaction status, etc.