Binance Red Packets are a promotional feature of Binance Pay, enabling users to send and receive cryptocurrency gifts in a fun, engaging way, inspired by traditional red envelopes used during celebrations like Lunar New Year. Users can create Red Packets with fixed or random crypto amounts, sharing them via unique codes or QR codes through the Binance app or website. Recipients claim these gifts, which are credited to their Funding Wallet, but packets expire after 24 hours, with unclaimed funds returned to the sender. Often used in promotions, Red Packets reward actions like trading, referrals, or event participation, offering tokens, trading bonuses, or discounts. They’re user-friendly, cost-effective, and foster community engagement, though codes must be shared privately to avoid unintended claims. Multiple claims by the same user are prohibited, and excessive incorrect code entries may lock accounts temporarily. Always verify promotions via official Binance channels.

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