Binance Pay is a cryptocurrency payment service launched by Binance, the world's largest cryptocurrency exchange. It enables instant and secure peer-to-peer transactions without intermediaries. Supporting over 40 cryptocurrencies, Binance Pay facilitates digital, contactless, and cross-border payments—ideal for personal transfers and merchant transactions.
What Is Binance Pay?
Binance Pay is a seamless crypto payment platform allowing registered users to transfer funds for private or commercial purposes. Key features include:
- Instant settlements: Transactions are final and irreversible.
- Payment preferences: Set spending priorities across 40+ supported cryptocurrencies.
- Zero fees: No processing charges for transfers.
Benefits of Binance Pay
- Cost Efficiency: No transaction fees for sending/receiving crypto.
- Global Reach: Operates across most countries (excludes banned jurisdictions).
- Speed: Real-time processing without third-party delays.
- Non-Contact: Fully digital, reducing physical interaction needs.
- Multi-Crypto Support: Transact in Bitcoin, Ethereum, USDT, DOGE, and more.
- Binance Card Integration: Spend crypto via VISA debit cards at 60M+ merchants.
- User-Friendly: Send funds via QR codes, email, phone, or Pay ID.
How to Use Binance Pay
Sending Crypto
- Log In/Sign Up: Create a verified Binance account.
- Set Up Binance Pay: Register a nickname and 6-digit payment PIN.
- Enter Recipient Details: Use QR codes, Pay ID, email, or phone.
- Confirm & Send: Verify details, fund source, and authorize with PIN.
Receiving Crypto
- Share Payment Details: Provide Pay ID, QR code, or contact info.
- Wait for Transfer: Transactions complete instantly.
FAQ Section
How long do payments take?
All transactions are instantaneous.
Which cryptocurrencies are supported?
BTC, ETH, USDT, DOGE, and 40+ others.
Can transactions be reversed?
No. Binance Pay transfers are final.
What’s the difference between Pay ID and User ID?
Pay ID is exclusive to Binance Pay; User ID applies to all Binance services.
👉 Explore Binance Pay’s full features
Binance Pay simplifies crypto transactions with security, speed, and global accessibility. Whether for personal use or business, it’s a powerful tool in the digital payment ecosystem.