Alchemy Pay (ACH) is a cryptocurrency that bridges the gap between fiat and digital currencies. For investors holding ACH tokens, moving them to Binance—one of the world’s largest crypto exchanges—is a common step for trading or liquidity. This guide explains the entire process, from preparing your wallet to completing the deposit and executing your first trade on Binance.

Prerequisites: What You Need Before Starting
Before you deposit ACH into Binance, ensure you have the following:
- A verified Binance account (Identity Verification Level 1 or 2 is usually required for deposits and withdrawals).
- An external wallet (like MetaMask, Trust Wallet, or Ledger) that holds your ACH tokens.
- Sufficient network native token (usually ETH or BNB, depending on the blockchain) for gas fees when sending ACH.
- A stable internet connection to avoid transaction interruption.

Step 1: Log in to Your Binance Account and Navigate to the Deposit Page
Open Binance’s official website or mobile app. Log in with your credentials. On the homepage, hover over “Wallet” in the top menu and select “Fiat and Spot” (or “Overview” in the app). Then click the “Deposit” button. In the search bar, type “ACH” or “Alchemy Pay” to locate the token. Binance will display ACH deposit options. Choose the appropriate network—most commonly BEP-20 (BSC) or ERC-20 (Ethereum). Confirm that your external wallet supports the same network to avoid asset loss.

Step 2: Generate the Deposit Address and Memo (If Required)
Once you select the network, Binance generates a unique deposit address. For certain networks like BEP-20, you may also see a “Memo” or “Tag” field. Copy both the address and memo precisely. Do not use spaces or extra characters. Important: If your external wallet requires a memo for the transaction, you must include it; otherwise, your deposit may not credit correctly. Never share your private keys or seed phrase with anyone.

Step 3: Send ACH from Your External Wallet
Open your external wallet (e.g., MetaMask or Trust Wallet). Select the ACH token you want to send. Click “Send” or “Transfer.” Paste the Binance deposit address into the recipient field. If a memo is required, enter it in the designated field (often labeled “memo” or “destination tag”). Specify the amount you wish to deposit. Double-check that the network selection matches exactly (e.g., BSC if you chose BEP-20 on Binance). Confirm the gas fee and submit the transaction. Wait for network confirmations; this can take from a few minutes to over 30 minutes depending on network congestion.

Step 4: Verify the Deposit Status on Binance
After the transaction is broadcast, return to your Binance deposit page. Click “Deposit History” or check your “Funding Wallet” under the “Spot” section. The ACH deposit will appear as “Pending” initially. Once the network confirms the required number of blocks, the status changes to “Completed.” You will then see the ACH balance in your Binance wallet. If it takes longer than expected, ensure you used the correct network and address. Contact Binance support if the status remains pending for over an hour.

Step 5: Trade ACH on Binance
Now that your ACH is in Binance, you can trade it. Go to “Markets” and search for trading pairs like ACH/USDT, ACH/BTC, or ACH/ETH. Click on the pair you prefer. On the trading page, decide whether to place a market order (immediate execution at current price) or a limit order (set your desired price). Enter the amount of ACH you want to trade and review the order details. Finally, click “Buy” or “Sell” to complete the trade. You can also use Binance’s “Convert” feature for simple swaps.

Key Safety Tips for Depositing ACH
- Always send a small test transaction first, especially for large amounts.
- Never use a wallet that does not support the chosen network; sending ACH over the wrong network (e.g., ERC-20 to a BEP-20 address) can result in permanent loss.
- Keep your Binance 2FA enabled to protect your account.
- Monitor current gas fees to avoid overpaying for the transaction.
- Beware of phishing sites. Always double-check the Binance URL (www.binance.com) before entering your login details.

Common Issues and Troubleshooting
- Deposit not credited: Verify the network, address, and memo. Check the blockchain explorer (e.g., BscScan or Etherscan) for your transaction hash. If everything is correct, create a support ticket with Binance.
- Missing memo: If a memo was required but not entered, Binance may not be able to credit the deposit automatically. Contact support with the transaction ID for manual recovery.
- Network congestion: If the transaction is stuck, you may need to increase the gas fee or wait for confirmation. Binance will credit once the network confirms.

By following these steps carefully, you can successfully deposit and trade ACH on Binance. Always stay informed about network updates and security best practices to protect your assets.