Bro, your first deposit has arrived. Now there is only one thing to do — convert the money you just received into USDT.
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USDT is the "middle currency" for almost all trading pairs on Binance. You need it before you can buy BTC, ETH, or other coins. The shortest path has only two steps: C2C buy USDT → spot trading buy other coins. Do not take a detour.
Step 1: Buy USDT via C2C (fiat to stablecoin)
After fiat currency (such as CNY) enters Binance, it does not automatically become USDT. It is simply stored in your account as a fiat balance. You need to convert it into USDT through C2C trading.
[What to do]: Use your fiat balance to buy USDT through C2C trading.
[How to do it]:
Open the Binance App, tap [Trade] at the bottom or [Buy Crypto] on the home page, and enter the "C2C Trading" or "P2P Trading" page.
Choose to buy USDT, and select "Fiat Balance" (CNY) as the payment method.
Pick a reputable merchant (check completion rate and positive feedback), enter the amount of USDT you want to buy, and confirm the order.
Key step: The system will automatically deduct the corresponding amount from your fiat balance. No extra transfer is needed. After confirmation, wait for the seller to release the coins. Usually within a few minutes, the USDT will arrive in your spot wallet.
High-risk reminder: After the C2C trade is completed, USDT will be stored in your spot account. Do not sell coins directly in this account. The next step is to operate on the "Spot Trading" page.
[Completion standard]: Open [Assets] → [Spot], and see that your USDT balance has increased.
Step 2: Use USDT to buy your target coin (spot trading)
Once you have USDT, use it to buy the coin you really want, such as BTC or ETH.
[What to do]: In the spot trading area, use USDT to buy your target cryptocurrency.
[How to do it]:
Go to [Trade] → [Spot], and search for the trading pair you want, such as "BTC/USDT".
Choose the order type. Beginners should use a market order, which fills immediately:
Market order: Enter how much USDT you want to spend, and the system will buy for you at the current best price.
Limit order: Set the price you are willing to pay, and the order will be filled only when the market reaches that level.
Enter the amount, click "Buy BTC" or the corresponding coin, and confirm.
[Completion standard]: The page shows that the order was filled, and you can see the coin you bought in [Assets].
Fastest path summary
| Step | What to do | Where to operate | Where it arrives |
|---|---|---|---|
| 1 | Fiat balance → buy USDT | [Buy Crypto] → C2C trading | Spot account |
| 2 | USDT → buy BTC/ETH etc. | [Trade] → Spot trading | Spot account |
If you only want to convert fiat into USDT, stop after Step 1. If you later want to buy other coins, go through Step 2.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
Next action
Open the Binance App, go to [Buy Crypto] → C2C trading, and use your fiat balance to buy a small amount of USDT as a test. After that, go to [Trade] → Spot, and use USDT to buy a little of a coin you are interested in, such as 10 USDT worth of BTC. If you are not familiar with it, try a small amount first. The whole process should take no more than 10 minutes to figure out.
