Linking a bank card is an important step for P2P trading on Binance. Once linked, you can use bank transfers to pay when buying crypto via P2P, and receive bank transfers when selling. The process is straightforward and takes just a few minutes. Sign up on Binance and complete identity verification to start linking your bank card.
Steps to Link a Bank Card
On the App
- Open the Binance App > Tap the profile icon in the top left
- Go to "Payment Methods"
- Tap "Add Payment Method"
- Select "Bank Transfer"
- Enter your bank card details:
- Bank name (e.g., Chase, HSBC, etc.)
- Card/account number
- Account holder name (must match your Binance KYC name)
- Branch name (optional)
- Tap "Confirm" to add
On the Web
Log in to the Binance website > Click the profile icon in the top right > "Payment Management" > "Add Payment Method" > Select Bank Card > Enter details > Confirm.
Bank Card Requirements
Name Must Match
The bank card holder's name must match your Binance KYC verification information. This is a fundamental P2P trading requirement — your account, your card. You cannot use someone else's bank card.
Card Type
- Debit card: Recommended — most convenient for deposits and withdrawals
- Credit card: Some bank credit cards may restrict crypto-related transfers
- Secondary accounts: Usually have lower transfer limits, which may not be sufficient
A primary debit card with higher transfer limits is recommended.
KYC Verification
You must complete at least basic KYC identity verification before linking a bank card. Download the Binance App to complete the verification process quickly.
How Many Bank Cards Can I Link?
Binance allows you to link multiple payment methods. You can simultaneously link:
- Multiple bank cards from different banks
- Payment app accounts (Alipay, etc.)
- Mobile payment accounts (WeChat Pay, etc.)
Linking 2-3 cards from different banks is recommended. If one card encounters issues, you'll have backups available.
How to Use After Linking
Paying When Buying Crypto
- Choose a merchant that accepts "Bank Transfer" in P2P trading
- After placing an order, the system displays the seller's payment details
- Open your mobile banking app
- Transfer funds to the seller according to the displayed information
- Return to Binance and tap "I've Paid" after the transfer is complete
Receiving Payment When Selling Crypto
- Select "Sell" in P2P trading
- Choose bank card as your receiving method
- When the buyer pays, you'll receive the transfer in your bank account
- After confirming receipt, release the cryptocurrency on Binance
Important Notes for Bank Card Usage
Transfer Memo
When making bank transfers in P2P trading, don't write anything related to cryptocurrency in the memo field. Keep it as a normal transfer note.
Transfer Limits
Transfer limits vary by bank for both per-transaction and daily amounts. If your trading amount is large, adjust your transfer limits in your mobile banking app ahead of time.
Avoid Frequent Large Transactions
Frequent large bank transfers in a short period may trigger your bank's risk control measures. Maintain a normal transaction frequency.
Only Use Your Own Cards
In P2P trading, only use bank cards registered under your own name. Don't let others transfer using your card, and don't use other people's cards.
Unlinking a Bank Card
If you no longer want to use a particular bank card:
- Go to "Payment Methods"
- Find the bank card you want to unlink
- Tap the edit or delete button
- Confirm deletion
Note: If there are active P2P orders using that bank card, you'll need to wait for the orders to complete before unlinking.
Sign up on Binance to manage your payment methods at any time.
FAQ
Is linking a bank card safe?
Yes. Binance only records your bank card information for display during P2P transactions — it does not directly debit your bank card. All transfers are completed within your own mobile banking app.
Will my bank know I'm using Binance?
Linking itself doesn't notify your bank. However, if you make frequent transfers through P2P trading, your bank may notice unusual transaction patterns.
Can I use someone else's bank card?
No. P2P trading requires that the payer's and receiver's names match. Using someone else's card may lead to order disputes or account restrictions.
What if my bank card gets frozen?
If your bank card is frozen due to P2P trading activity, contact your bank to understand the specific reason. You typically need to visit a bank branch to resolve it. Download the Binance App to link another bank card and continue trading.
Safety Tips
- Don't enter your bank card information on unofficial platforms
- Update your payment method information promptly when bank card details change
- Maintain normal transaction frequency and amounts during P2P trading
- Carefully verify recipient information before making transfers
- Keep records of all P2P trading bank transfers