Cryptocurrency deposits
You can fund your CMC Markets trading account with the cryptocurrency stablecoins USDT (tether) and USDC (USD coin). From the Binance app, you can use any available cryptocurrency in your wallet, and Binance will automatically convert this into USDT or USDC.
You’ll need to use Binance Pay to deposit either USDT or USDC into your trading account.
No, we don’t charge any fees for depositing and withdrawing by crypto.
No. Binance Pay doesn’t charge blockchain (gas) fees because payments are made off-chain within Binance. However, currency conversion fees may apply if you’re paying in a token that we don’t accept.
Once you’ve submitted your transaction from Binance Pay in the Binance app, and we’ve received proof of your crypto wallet ownership, the funds should arrive in your trading account instantly.
Yes, you can withdraw your funds in USDT or USDC.
Note: You can only withdraw up to the amount that you’ve previously deposited in each of these cryptocurrencies. We’ll request proof of wallet ownership where the funds are to be sent.
Yes, you’ll need to provide evidence of your wallet ownership before depositing crypto with us. We’ll require screenshots of the Binance app showing your Binance account information and your Binance verification centre.
No, your trading account balance will be denominated in US dollars (USD), or the fiat currency of your trading account.
Binance Pay primarily uses internal, off-chain transfers within the Binance ecosystem. By default, Binance Pay does not use any public blockchain network for sending USDT. Instead, it relies on:
Off-chain ledger entries (within Binance’s platform)
No blockchain gas fees
Instant settlement between Binance Pay users
Crypto withdrawals should be received into your destination wallet or account instantly, subject to screening from our payments supplier.
No. For compliance reasons, you must use a Binance wallet that is registered in your name. Third-party wallets are not accepted.
The payment may be delayed, held, or rejected until ownership verification is complete.
Yes. Binance Pay transactions are off-chain, instant, and conducted within the Binance ecosystem, providing high security and eliminating gas fees. You’ll need your own Binance wallet to use Binance Pay
You may be asked to provide:
A screenshot of your Binance Pay wallet showing your unique identifier (UID) and email (you can blur out sensitive balances if preferred)
A screenshot of your Binance “Security” settings showing your linked email or phone
Or a Binance-issued wallet ownership certificate (available on request from Binance support)
We’ll provide a secure upload link in our app or customer portal. Never send wallet information via public email or chat.
No. Once your Binance Pay wallet is verified with us, you won’t generally need to repeat the process unless:
You use a different Binance account
Your account details change
We update our compliance policies
No. Binance Pay transactions are final and non-reversible. Please make sure that:
You enter the correct amount
The recipient is verified
You follow any required wallet proof steps before submitting payment
If you’ve sent an incorrect amount, please contact us immediately. We’ll need the following details:
Transaction ID
Proof of payment
Binance Pay receipt
Note: Binance cannot reverse payments sent in error.
Go to your Binance app > Wallet > Funding > Pay History. Tap the transaction to see details, including the transaction ID, date, and recipient.
No. Binance Pay is not available in some jurisdictions due to regulatory restrictions. You must be in a supported country and have Binance KYC identity verification completed to use Binance Pay.
If Binance Pay is disabled on your account, please ensure that:
Your Binance KYC (identity verification) is complete
Your funding wallet has a sufficient balance
Binance Pay is enabled in your account settings