How to Deposit Funds on Binance for Free: A Step-by-Step Guide for Germany

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Adding money to your Binance account doesn’t have to cost you extra. In fact, with the right method, you can deposit funds on Binance for free—avoiding the standard 1.8% fee that applies to credit and debit card deposits. This guide reveals how to transfer money to Binance without fees using Revolut, a popular fintech app widely used in Germany.

Whether you're investing in Bitcoin, Ethereum, Tether, or other cryptocurrencies, minimizing fees is essential for maximizing long-term returns. By following this simple process, you’ll save money on every deposit and keep more of your capital working in the market.

Why Avoid the Standard Binance Deposit Fee?

Binance is the world’s largest cryptocurrency exchange, serving over 100 million users globally. While it offers competitive trading fees, its 1.8% deposit fee for card payments can quickly erode your investment capital—especially if you’re making regular contributions.

For example:

👉 Discover how to invest smarter and avoid hidden fees with a low-cost funding method.

These costs may seem small individually, but over time, they compound. Eliminating them entirely means more money goes directly into your crypto portfolio.

What You Need to Deposit Money on Binance Without Fees

To make a free bank transfer to Binance, you’ll need:

Revolut is ideal for users in Germany due to its seamless currency exchange, low fees, and strong integration with international banking networks. While other neobanks like N26 or Monese may work, Revolut has proven reliability for this specific use case.

Pro Tip: Revolut offers free currency exchange up to €1,000 per month at the interbank rate—the same rate you see on Google or XE. This makes converting EUR to USD highly cost-effective.

Step-by-Step: How to Deposit on Binance for Free Using Revolut

Step 1: Log In and Start the Deposit Process

  1. Open the Binance app.
  2. Tap the two-arrow icon at the bottom.
  3. Select “Deposit”.
  4. Choose “Fiat” in the top-left corner.
  5. Search for and select “USD”.

You should now see “Deposit USD” with “Bank Transfer (SWIFT)” as the default option—and crucially, it shows “0 Fee”.

This confirms you're on track for a fee-free deposit.

Step 2: Enter Your Deposit Amount

Input how much USD you’d like to send. For example, entering $200 will show **$0.00 in fees**.

If you hold EUR, convert it to USD within Revolut first. As long as your monthly currency exchange stays under €1,000, this conversion is fee-free and uses the real-time market rate.

Step 3: Review Important Deposit Instructions

Before proceeding, Binance displays two critical requirements:

  1. You must include a unique reference code when sending funds.
  2. The name on your Revolut account must exactly match your Binance account name.

Failure to follow these rules may delay or block your deposit.

Step 4: Copy Binance’s Bank Details

After confirming the instructions, Binance provides the recipient bank details:

👉 Secure your trading future by funding your account with zero deposit fees.

We recommend copying each field into a secure note-taking app like Google Keep or Notes for easy access in the next step.

Step 5: Add Binance as a Recipient in Revolut

  1. Open Revolut and tap “Transfer”.
  2. Tap “+ New” → “Bank Recipient”.
  3. Select “Business”.

  4. Fill in:

    • Country: Seychelles
    • Currency: US Dollar (USD)
    • Company Name: Binance
    • Paste the IBAN/SWIFT details from Binance
  5. When prompted for the bank address, change the country from Seychelles to United States.
  6. Enter:
    565 Fifth Avenue, New York, NY 10017
  7. Save the recipient.
⚠️ Accuracy is key—especially the address and reference code.

Step 6: Send the Transfer

  1. Select the newly added Binance recipient.
  2. Enter the USD amount.
  3. In the reference field, input the unique code provided by Binance.
  4. Review all details carefully.
  5. Confirm and send.

Revolut will display a breakdown of the transfer. If your total monthly international transfers are under €1,000 (on a Standard plan), no fees apply.

Even if you exceed the limit, Revolut charges only 0.5%, which is still significantly cheaper than Binance’s 1.8% card fee.

Frequently Asked Questions (FAQ)

Can I deposit EUR directly to Binance?

No. To avoid extra conversion fees, always deposit in USD via SWIFT transfer. Binance automatically converts USD deposits into BUSD (a USD-pegged stablecoin), which you can then trade freely.

Why does my deposit appear as BUSD instead of USD?

BUSD is a stablecoin backed 1:1 by USD reserves. When you deposit USD, Binance converts it into BUSD for faster on-platform trading. 1 USD = 1 BUSD, so your value remains unchanged.

How long does the transfer take?

Most deposits arrive within 24 hours, especially if initiated during business hours (Monday–Friday). You’ll receive an SMS notification from Binance once funds are credited.

Is this method available in Germany?

Yes! This process works seamlessly for German residents using Revolut. Just ensure your identity is verified on both platforms and names match exactly.

Do I need a premium Revolut account?

No. The free Revolut Standard plan supports fee-free transfers up to €1,000/month. If you deposit larger amounts regularly, consider upgrading to Premium or Metal for unlimited transfers.

Are there any hidden costs?

Not if you stay within Revolut’s limits. The only potential cost is a 0.5% fee from Revolut if you exceed €1,000 in monthly international transfers—still far below Binance’s standard card fee.

Additional Tips for German Crypto Investors

Maximize Tax Efficiency

In Germany, capital gains from cryptocurrency are tax-free if held for more than one year. This means any profit from selling Bitcoin or Ethereum after 365 days incurs zero tax liability—a powerful incentive for long-term investing.

Use Stablecoins Strategically

BUSD isn’t just a placeholder—it’s a functional asset. You can:

Understanding stablecoins enhances your overall crypto strategy.

Final Thoughts: Keep More of Your Investment Gains

Every euro saved on fees is a euro invested in your financial future. By using Revolut to send USD via SWIFT, you eliminate Binance’s 1.8% deposit fee and retain full control over your investment capital.

This method takes slightly longer than a card purchase—but once set up, future deposits take just minutes.

👉 Start building wealth today with smarter, lower-cost crypto investments.

Whether you're new to crypto or expanding your portfolio in Germany, this approach aligns with both cost-efficiency and long-term growth.

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