Guide for US Users: How to purchase USDC on Binance US and deposit to your Pillow account

Pillow: Dollar Savings App

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Nov 15, 2021

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Step 1: Sign-up for Binance US

• Visit the Binance US webpage from a desktop browser of your choice. Sign up to register as a new user using your email and a password of your choice. If you have been referred by somebody, enter their Referral ID in the [Referral ID] field. Confirm your age and click [Create Account].
• You will receive an email with a verification code. Enter this verification code in the [Code] field.
• You will be prompted to secure your account. After clicking [Secure Account], you will be asked to enable SMS Authentication.
• Once you plug in your mobile number, a code will be sent your mobile device. Enter that code and click [Enable Authentication].

Step 2: Identity Verification

• Enter the relevant information into the fields. Once you have entered your information, click [Next].
• Enter your residential address. Once you have entered it and confirmed its accuracy, click [Confirm].
• Ensure that you read the Account Agreement carefully. Once you have and you are confident you understand them, click [Accept Agreement].
• You will be required to upload any of the following valid government documents:
  1. Driver’s License
  2. State ID
  3. Passport
• Click [Go to Dashboard] while you wait for your documents to be reviewed. Upon successful verification, you will receive an email.

Step 3: Linking Bank Account

• After visiting the Binance US Dashboard, click on [Add Payment Method].

• Click on [Add a New Account] button.

• Select any of the payment methods of your own choice.

• You can follow the required steps of all the above payment methods here.

Note: You will not be able to withdraw your crypto funds for 10 days if you have bought crypto via ACH deposit and 5 days if you have bought crypto via Debit Card deposit. To find out how much time is remaining before you can withdraw, please visit your Deposit & Withdrawal History.

Step 4: Buying USDC

• After successfully depositing USD into your Binance US wallet, visit the USDC/USD marketplace from your desktop browser.
• Enter the quantity of the USDC that you would like to buy and the price at which you want to buy. Along with the total USDC, you should be buying an extra 30–40 USDC which shall be used as a withdrawal fee while transferring to another wallet. Don’t worry, your 100USDC reward is waiting for you in your Pillow wallet!
• Once the order gets executed, the USDC funds will be immediately reflected in your Binance US wallet.

Step 5: Withdrawing USDC

• In your Binance US account, click the [Withdraw] button from the dropdown menu.

• Select the [USDC] cryptocurrency to withdraw.
• Enter the Pillow wallet address in the Recipient's Address and the amount to be withdrawn.
• Complete the Google 2FA to validate the withdrawal request.
• Once the email confirmation is verified, the withdrawal is confirmed. The balance is deducted from the Binance US wallet and the tokens will be sent to your Pillow address. Voila!