Binance Red Packet: what it is and how to use it

Binance Red Packet (red envelope) is a feature in the Binance Pay ecosystem that allows users to send and receive gifts in cryptocurrency. Similar to traditional red envelopes popular in Asian culture, but in digital format with cryptocurrency.

What is Binance Red Packet?

• It is a digital gift with cryptocurrency that can be sent to friends, family, or a group of people.

• Allows sharing of cryptocurrency through unique links or QR codes.

• Often used in Binance marketing promotions to attract new users and reward existing ones.

How to create and send a Red Packet?

1. Log into the Binance app.

2. Go to the Pay > Red Packet section.

3. Click the create Red Packet button.

4. Choose the distribution type: random (the amount is divided among recipients randomly) or fixed (each receives the same amount).

5. Specify the amount and cryptocurrency to send.

6. Confirm the transaction via Passkey or two-factor authentication.

7. Obtain a unique code or link to distribute among recipients.

How to obtain a Red Packet?

• The recipient enters the code in the Binance app in the Pay > Red Packet section or follows the link.

• Funds are credited to their Binance account instantly.

Participation in promotions with Red Packet

Binance regularly conducts giveaways and promotions with Red Packet, where you can receive free gifts in cryptocurrency. To participate, you need to:

• Complete account verification.

• Register for Binance Pay.

• During the promotion period, go to the Pay > Red Packet Draw section and click Get.

• You can invite friends via a link and receive additional Red Packets with rewards of up to $300.

• Rewards are distributed in order and are limited in quantity.

Usage Tips

• Use Red Packet for convenient and fun cryptocurrency exchanges with friends.

• Keep an eye on Binance promotions to receive bonuses and additional gifts.

• Carefully enter the codes and check the balance on the account to create a Red Packet.

Binance Red Packet is a simple and effective way to share cryptocurrency and participate in Binance's festive and marketing events, making the gift exchange process quick and convenient.