Binance Pay is a fast and secure payment system that allows users to send, receive, deposit, and withdraw crypto easily. Whether you are a new trader or a pro, Binance Pay makes crypto transfers smooth and simple.
In this guide, we will talk about how to deposit and withdraw using Binance Pay. We will also talk about fees, and how you can use BTC (Bitcoin) for all these tasks.
What Is Binance Pay?
Binance Pay is a zero-contact, borderless, and secure way to use crypto. You can send and receive payments using popular coins like BTC, USDT, ETH, and many more.
Many traders use BTC in Binance Pay because it is fast and widely accepted. Whether you want to pay online or send funds to a friend, you can do it with BTC in just seconds.
How to Deposit Using Binance Pay
1. Open the Binance app.
2. Tap on “Wallet.”
3. Click on “Funding Wallet.”
4. Tap on “Deposit.”
5. Choose the crypto (for example, BTC).
6. You will see your Binance Pay deposit address.
7. Send BTC from your external wallet or another exchange to this address.
BTC deposits using Binance Pay are usually fast and confirmed in just a few minutes.
How to Withdraw Using Binance Pay
To withdraw using Binance Pay:
1. Go to “Wallet” > “Funding Wallet.”
2. Tap “Withdraw.”
3. Select your crypto, like BTC.
4. Choose Binance Pay as the withdrawal method.
5. Enter the Pay ID or the email/phone number of the person.
6. Enter the amount and confirm the transaction.
Your BTC will be sent instantly with zero stress.
How Much Are the Fees?
Here’s the best part — Binance Pay has zero fees for personal payments!
Deposit Fee: 0% (No charge for BTC or any crypto).
Withdrawal Fee: 0% if you use Binance Pay between users.
If you withdraw BTC to another wallet, the network fee applies (not from Binance, but from the blockchain).
BTC withdrawals usually have a small network fee, which is normal for all crypto wallets.
Why Use BTC with Binance Pay?
BTC is the world’s most trusted crypto.
Almost all wallets and exchanges support BTC.
Fast confirmations when sending or receiving.
Accepted by many online stores and users.
Easy to track transactions on the blockchain.
If you're holding BTC, Binance Pay is the best way to use it for fast and secure payments.
Tips for Using BTC on Binance Pay
Always double-check the Pay ID or address before sending BTC.
Make sure your app is updated for the latest features.
You can convert other coins to BTC easily on Binance.
Conclusion
Binance Pay is a game-changer for crypto payments. It makes deposits and withdrawals smooth and cost-effective — especially when using BTC. With zero personal transfer fees and fast transactions, Binance Pay gives you full control over your crypto.