Introduction

Binance Pay is an innovative way to send and receive cryptocurrency payments within Binance. It allows users to make instant transactions with no fees, using cryptocurrency as a daily payment method.

How to Get Started

  1. Log in to Binance and go to Wallet → Funding → Pay (or Account → Payment).

  2. Activate Binance Pay: create a Pay ID (nickname) and a 6-digit PIN for transaction authorization. Complete Guide: How to Use Binance Pay

Sending Payments

  • Enter Pay ID, email, phone number, or scan the recipient's QR code.

  • Select or enter the amount and currency.

  • Confirm the details and send — the funds arrive instantly. In most cases with no fee.

Receiving Payments

  • Click 'Receive', select the cryptocurrency and amount, and a unique QR code will be generated.

  • Share it or provide the email/UID so the sender can transfer funds to you. Received cryptocurrencies are immediately credited to your Funding Wallet. Binance

Key Benefits

  • Instant transactions: sending and receiving cryptocurrency in seconds. Binance

  • No fees for users: most transactions occur without gas fees or internal Binance fees. Binance

  • Global availability: support for over 80 cryptocurrencies (BTC, ETH, USDT, USDC, BNB, and others) for P2P and merchant payments. Binance

  • Security: PIN and two-factor authentication protect against unauthorized transactions. Binance

Features for Merchants and Businesses

  • The ability to accept cryptocurrency payments with instant crediting and minimal fees.

  • Access to API integration and enhanced Binance support for businesses. Binance

How to use Binance Pay most effectively

  • Add Binance Pay to Funding Wallet and create Pay ID + PIN.

  • Send or receive payments via QR code, UID, email, or phone.

  • Enable 'Payment Priority Order' to specify preferred cryptocurrencies for deductions. Binance

  • With regular activity, Amazon Pay and large users can enable the 'Send Multiple' feature for mass payouts. Binance

Conclusion

Binance Pay is a secure, convenient, and fully integrated solution for cryptocurrency transactions within the Binance ecosystem. With zero fees, instant transfers, and a wide range of supported assets, it is the perfect tool for personal and business operations with digital assets.

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