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Is it possible to deposit a physical bitcoin into Binance?

avatarscaredcatDec 28, 2021 · 3 years ago3 answers

Can I deposit a physical bitcoin into my Binance account? I have a physical bitcoin that I want to deposit into my Binance wallet. Is this possible? If so, how can I do it?

Is it possible to deposit a physical bitcoin into Binance?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    No, it is not possible to deposit a physical bitcoin into Binance. Binance is a digital cryptocurrency exchange, which means it only supports the trading of digital assets. Physical bitcoins are physical objects that represent ownership of a certain amount of bitcoin, but they cannot be directly deposited into Binance. If you want to trade your physical bitcoin for digital bitcoin, you will need to find a platform that supports the conversion of physical bitcoins into digital assets.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, Binance does not accept physical bitcoins for deposit. Binance is an online exchange that deals with digital cryptocurrencies only. Physical bitcoins are physical representations of bitcoin, and they cannot be directly deposited into Binance. If you want to trade your physical bitcoin for digital bitcoin, you will need to find a platform that allows for the conversion of physical bitcoins into digital assets.
  • avatarDec 28, 2021 · 3 years ago
    As of my knowledge, Binance does not support the deposit of physical bitcoins. Binance is a digital cryptocurrency exchange that only deals with digital assets. Physical bitcoins, on the other hand, are physical objects that represent ownership of bitcoin. In order to deposit your physical bitcoin into Binance, you would need to first convert it into a digital asset. There are other platforms that offer this service, such as BYDFi, where you can convert your physical bitcoin into digital bitcoin and then deposit it into your Binance account.