What is Binance Pay? Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology developed by Binance. You can use Binance Pay to pay at merchants or send and receive cryptocurrencies from friends and family around the world. Binance Pay is currently available only to eligible users in supported countries on Binance.com. To start using Binance Pay, sign up on Binance.com and complete identity verification for your account.