How to Deposit to Binance | Upbit | Coin Recommendations
In today's post, we will explore how to deposit funds into Binance, Upbit, and recommended coins. To start cryptocurrency trading on Binance, you must first deposit funds. For domestic users, transferring coins from Upbit to Binance is generally the most common and efficient method. Nevertheless, beginners may be confused about which coins to select for transfer, how much the fees are, and how to transfer safely. It is particularly important to choose a coin that is both low in transfer fees and fast. In this article, we will explain in detail the procedure for safely depositing from Upbit to Binance, recommended coins suitable for transfer, and the fees and transfer times for each coin.
How to Deposit to Binance
After the implementation of the travel rule, when withdrawing coins from Upbit to overseas, you can proceed without account verification if the amount is less than 1 million won, and account verification is required when withdrawing an amount exceeding 1 million won. Therefore, we will look at the procedure for withdrawals exceeding 1 million won. Those withdrawing less than 1 million won should follow the same procedure, but note that the account verification process is omitted.
1. Sign up for Binance
If you do not have a Binance account, please click the fee discount link below to proceed with the membership registration. By signing up through this link, you can permanently enjoy the maximum fee discount benefits.
2. Copy Binance Tether Address
Now let's open the Ripple deposit screen on Binance and copy the address. Click the 'Deposit' → 'Deposit Crypto' button in order from the top right of the Binance site.
1) Select USDT as the coin name, 2) Select TRX as the network, and 3) Press the copy address button and move to Upbit.
3. Buy Tether on Upbit
Buy as much Tether as you are going to transfer. Since it's over 1 million won, I will buy exactly 1,000.
4. Withdraw Tether on Upbit
Deposit/Withdrawal → Search for Tether → Click on the Tether row → Withdrawal tab → Select Tron as the withdrawal network → Enter the withdrawal amount and click the 'Withdrawal Request' button below. The fee is '0' as of 24-07-11.
Make sure the withdrawal network is set to 'Tron' and press the 'Confirm' button.
Select 'Binance' from the wallet type, paste the Binance Tether deposit address you copied earlier into the recipient address, and then click the 'Withdrawal Request' button.
A window appears to check for phishing. You can press the 'No' button.
After confirming the account information, click the 'Confirm' button below.
Next, press the '2-Channel Authentication' button and proceed with authentication using either 'Naver' or 'KakaoTalk'.
After 2-channel authentication is complete, when you return to Upbit, it will be in the 'Withdrawal in progress' state. After waiting for about 3-5 minutes in this state, we will check Binance.
5. Binance Deposit Completed
Now let's check the balance. Click the 'wallet icon' and go to 'Spot' to check if the Tether (USDT) you sent has arrived.
Binance Deposit Coin Recommendations
When depositing funds into Binance, it is essential to select an appropriate coin, considering transfer speed and fees. Generally, coins such as TRX (Tron), BNB (Binance Coin), SOL (Solana), and ALGO (Algorand) have fast transfer speeds and low fees. In particular, TRX (Tron) is often used for transfers between Upbit and Binance, and it is popular with many users due to its fast transfer speed and low fees. In addition, you can get a 25% discount on fees by paying fees using Binance Coin (BNB). The transfer fees and speed of each coin may vary depending on the exchange's policy and network status, so it is advisable to check the latest information before depositing.