How to Use Binance Pay

What Is Binance Pay

Binance Pay is a zero-fee cryptocurrency payment and transfer service launched by Binance. It allows Binance users to send and receive crypto as conveniently as using traditional mobile payment apps — no complicated wallet addresses needed and no blockchain network fees.

With Binance Pay, you can transfer funds to friends, pay at supported merchants, send crypto red packets, and even make cross-border payments. All operations are completed within the Binance platform, with instant settlement and completely free of charge.

How to Activate Binance Pay

Open the Binance App and log in
Ensure KYC verification is complete
Find the "Pay" entry on the homepage or wallet page
First-time users need to set a payment nickname (Pay ID)
Optionally set a payment PIN for added security

Activation is very simple and takes just a few minutes. Once activated, you'll receive a dedicated payment QR code and Pay ID.

Transfer Feature

Transfer via Pay ID

Go to Binance Pay and tap "Send"
Enter the recipient's Pay ID, phone number, or email
Select the crypto to send (e.g., USDT, BTC, BNB, etc.)
Enter the transfer amount
Optionally add a note
Confirm and enter your payment password to complete the transfer

Transfer via QR Code

Have the recipient display their Binance Pay QR code
Tap the scan icon on the Binance Pay page
Scan the recipient's QR code
Enter the amount and confirm

Receiving Payments

Tap "Receive" on the Binance Pay page
Your receiving QR code will be displayed
You can also share your Pay ID with the sender
The sender can scan your code or enter your Pay ID to transfer

All transfers between Binance users are zero-fee and instant.

Red Packet Feature

Binance Pay's red packet feature is a fun social feature, similar to traditional red envelopes but with cryptocurrency.

Sending Red Packets

Find the "Red Packet" feature on the Binance Pay page
Choose the red packet type:
- Equal Red Packet: Everyone receives the same amount
- Random Red Packet: Random amounts — some get more, some get less
Select the crypto and total amount
Set the number of recipients
Optionally add a greeting message
After confirmation, a red packet link or QR code is generated

Claiming Red Packets

Tap the received red packet link to claim. The crypto is instantly credited to your Binance funding account. Red packets typically expire within 24 hours — unclaimed amounts are returned to the sender.

Red Packet Use Cases

Holiday greetings (New Year, birthdays, etc.)
Community events and engagement
Splitting costs among friends
Introducing Binance to new users

Merchant Payments

Binance Pay has partnered with merchants worldwide, enabling cryptocurrency payments at these locations.

How to Pay at a Merchant

Choose Binance Pay at checkout
Scan the merchant's payment QR code
Confirm the amount and crypto
Enter your payment password to complete

Supported Merchant Types

Binance Pay merchant partnerships cover travel bookings, gift card purchases, online shopping, and more. Check the "Explore" section on the Binance Pay page for the list of supported merchants.

Supported Cryptocurrencies

Binance Pay supports dozens of major cryptocurrencies, including:

Stablecoins: USDT, USDC, FDUSD
Major coins: BTC, ETH, BNB
Other popular tokens: SOL, DOGE, XRP, etc.

You can freely choose the crypto when transferring, and the recipient receives the same cryptocurrency.

Security Settings

To protect your funds, the following security measures are recommended:

Set a payment PIN: Require PIN confirmation for each payment
Enable biometrics: Support for fingerprint and face recognition
Set payment limits: Configure single and daily payment caps
Review transaction history: Regularly check payment history to verify all transactions are yours
Stay alert to scams: Don't send crypto to strangers — beware of various fraud schemes

Binance Pay vs On-Chain Transfers

Comparison	Binance Pay	On-Chain Transfer
Fees	Free	Requires network gas fees
Settlement Time	Instant	Requires block confirmations
Recipient Requirement	Must have a Binance account	Only needs a wallet address
Transfer Method	Pay ID/QR code	Wallet address
Scope	Between Binance users	Anyone

FAQ

Q: Does Binance Pay have limits? A: Yes, specific limits depend on your KYC verification level and account VIP tier. Regular user daily limits are typically sufficient for everyday use.

Q: Can I get a refund if I transfer to the wrong person? A: Binance Pay transfers are instant and irreversible. If you send to the wrong recipient, you'll need to contact them to arrange a return. Always double-check recipient details before sending.

Q: What if the recipient doesn't have a Binance account? A: You can send via the red packet feature and guide them to register a Binance account to claim it. Alternatively, use on-chain transfers to send to their wallet address.

Q: Is Binance Pay secure? A: Binance Pay is built on Binance's security infrastructure with multi-factor verification, risk control systems, and real-time monitoring. As long as you maintain proper personal account security, it's very safe to use.

Get Started

Create a Binance account through this registration link, complete identity verification, and download the latest Binance App to start using Binance Pay. Whether for daily transfers or holiday red packets, Binance Pay delivers a convenient, free, and instant crypto payment experience.