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How to Become a Binance Gift Card Merchant?

How to Become a Binance Gift Card Merchant?

2022-01-12 08:19
Distributors/Resellers
P2P (Peer-to-Peer) Trade Merchants
Exchange Platforms/Brokers
International Transfer Providers
Distributors/Resellers
Effective from 20 July 2023, only verified entity accounts can create and transfer Binance Gift Cards. If you wish to create and transfer gift cards, please register for an entity account and complete Entity Verification.
Notes:
  • Please sign out of your existing Binance account before attempting to register for a new entity account.
  • Personal Binance accounts will still be able to send and redeem gift cards. If you want to buy gift cards, please visit our Gift Card merchants.

What is Binance Gift Card?

Binance Gift Card is a prepaid crypto voucher that allows simple crypto transfer and exchange. Binance Gift Cards can be purchased from merchants by both crypto and non-crypto users. You can use it to deposit funds into your Binance account or other accounts that accept Binance Gift Cards as a form of crypto transfer.

What are the use cases and benefits of distributing Binance Gift Cards?

As a Binance Gift Card Distributor, the most common use cases and benefits include:
  • Profit from reselling Binance Gift Card at any price or currency
  • Attract global crypto enthusiasts by providing customer rewards in Binance Gift Card
  • Alternative salary payout and disbursement method
  • Offline distribution for events

How to get started with Binance Gift Cards?

Step 1: Register for a Binance entity account and complete entity verification
Notes:
  • Please sign out of your existing Binance account before attempting to register for a new entity account.
  • Effective from 21 March 2023, verified entity accounts from Spain, Italy, France, Poland, and Sweden require additional verification to create Binance Gift Cards. If you’re interested in creating Binance Gift Cards, please reach out to customer support for assistance.
Step 2: Prepare the funds in your Binance Funding Wallet or Spot Wallet
Step 3: Generate Binance Gift Cards via API or bulk create Binance Gift Cards via the Gift Card website
The daily Binance Gift Card creation amount and quantity limits are as follows:
  • Amount limit: 2 BTC/24 hours
  • Creation limit: 200 gift cards/24 hours
Step 4: Distribute Binance Gift Cards on your platform

How to distribute or resell Binance Gift Cards?

A common example of the distribution process via Bulk Create:
Step 1: Deposit funds into your Binance Wallet and bulk create Binance Gift Cards.
Step 2: Receive Binance Gift Card orders from customers and get paid in cash.
Step 3: Send pre-created Binance Gift Cards to customers.
Step 4: Customers redeem Binance Gift Cards to crypto on Binance.
A common example of the distribution process via API:
Step 1: Set up the Binance Gift Card API and deposit funds into your Binance Funding Wallet.
Step 2: Receive Binance Gift Card orders from customers and get paid in cash.
Step 3: Generate Binance Gift Cards via API and send them to customers.
Step 4: Customers redeem Binance Gift Cards to crypto on Binance.

Frequently Asked Questions

1. How much can I resell Binance Gift Cards?
Once you become a distributor of Binance Gift Card, you can set your preferred selling price.
2. How can I use Binance Gift Cards for customer rewards?
You may use the Binance Gift Card as an incentive to engage regular customers. For example, you can replace customer loyalty/reward points with Binance Gift Cards, e.g., an airline company can convert customers’ miles into Binance Gift Cards.
3. How to increase my daily limit for Binance Gift Card creation amount and quantity?
Daily limits for creation amount and quantity are standard and cannot be increased.
4. What cryptocurrencies can I sell with Binance Gift Cards?
You can create Binance Gift Cards with a majority of the cryptocurrencies listed in the Binance Funding Wallet. After creating the gift cards, you can resell them at any price and currency.
5. Where can I sell the Binance Gift Cards?
You can sell gift cards using your distributor platforms and outlets.
6. Do you provide purchase invoices?
We do not provide invoices.
Reach out to giftcard@binance.com to kickstart your journey.
Effective from 20 July 2023, only verified entity accounts can create and transfer Binance Gift Cards. If you wish to create and transfer gift cards, please register for an entity account and complete Entity Verification.
Notes:
  • Please sign out of your existing Binance account before attempting to register for a new entity account.
  • Personal Binance accounts will still be able to send and redeem gift cards. If you want to buy gift cards, please visit our Gift Card merchants.

What is Binance Gift Card?

Binance Gift Card is a prepaid crypto voucher that allows simple crypto transfer and exchange. These Binance Gift Cards can be created by merchants, and traded and used on platforms outside the Binance ecosystem by both crypto and non-crypto users.

What is the benefit of trading Binance Gift Cards as a P2P trade merchant?

As a Binance Gift Card P2P trade merchant, you can buy and sell crypto in Binance Gift Cards and benefit from crypto arbitrage. By expanding or starting your P2P trade merchant business, you can attract global crypto enthusiasts and increase traffic on your platform.

How to get started with Binance Gift Cards?

Step 1: Register for a Binance entity account and complete Entity Verification
Note: Please sign out of your existing Binance account before attempting to register for a new entity account.
Step 2: Prepare the funds in your Binance Funding Wallet
Step 3: Trade Binance Gift Cards on your platform
Step 4: Generate and redeem Binance Gift Cards via API or bulk create Binance Gift Cards via the Gift Card website
The daily Binance Gift Card creation amount and quantity limits are as follows:
  • Amount limit: 2 BTC/24 hours
  • Creation limit: 200 gift cards/24 hours

How to buy and sell Binance Gift Cards?

A common example of a P2P trade merchant selling Binance Gift Cards:
Step 1: Your customer requests a Binance Gift Card and pays in cash.
Step 2: You request the gift card via API or generate it manually via the Gift Card website and send it to your customer.
Step 3: Your customer can redeem the gift card on Binance or trade the gift card on your platform.
A common example of a P2P trade merchant buying Binance Gift Cards:
Step 1: Your customer sells Binance Gift Card on your platform.
Step 2: Your platform validates and redeems the gift card via API or the Gift Card website.
Step 3: You pay the customer via the agreed payment method.

Frequently Asked Questions

1. How can I benefit from Binance Gift Card as a P2P trade merchant?
You can increase your sales revenue by reselling Binance Gift Cards at a markup price, or buying Binance Gift Cards from customers at a lower price. This crypto trading service can potentially attract a new customer base to your platform.
2. How much can I resell Binance Gift Cards?
You can set any markup price as you like.
3. How to increase my daily limit for Binance Gift Card creation amount and quantity?
Daily limits for creation amount and quantity are standard and cannot be increased.
4. Can users access their Binance Gift Card on other platforms?
Yes. Each Binance Gift Card represents a prepaid crypto voucher. The gift cards can be transferred or exchanged on platforms outside the Binance ecosystem.
5. What is the difference between a distributor and a P2P trade merchant?
Distributors are those reselling or disbursing Binance Gift Cards with regular retail or corporate clients. P2P trade merchants are trading platforms that let you buy and sell crypto with Binance Gift Cards. They can buy and sell cryptocurrencies via Binance Gift Cards directly with other users in the preferred local currencies or payment methods.
6. What cryptocurrencies can I buy or sell with Binance Gift Cards?
Binance Gift Card supports the majority of cryptocurrencies listed in the Binance Funding Wallet. You can buy or sell gift cards that contain the supported cryptocurrencies at any price and currency.
7. Where can I sell the Binance Gift Cards?
You can sell Binance Gift Cards through your own platform.
Effective from 20 July 2023, only verified entity accounts can create and transfer Binance Gift Cards. If you wish to create and transfer gift cards, please register for an entity account and complete Entity Verification.
Notes:
  • Please sign out of your existing Binance account before attempting to register for a new entity account.
  • Personal Binance accounts will still be able to send and redeem gift cards. If you want to buy gift cards, please visit our Gift Card merchants.

What is Binance Gift Card?

Binance Gift Card is a prepaid crypto voucher that allows simple crypto transfer and exchange. They can be used to deposit and withdraw cryptocurrencies on platforms outside of the Binance ecosystem.

What is the benefit of accepting and generating Binance Gift Cards as a Crypto Exchange/Broker?

As a Binance Gift Card Exchange/Broker, you can increase your trading volume and customer base by adding an alternative method for your customers to deposit, transfer, or withdraw crypto to your platform. With Binance Gift Card API, you can instantly generate and redeem gift cards for your customers and enable this service with your own commission rates.

How to get started with Binance Gift Card?

Step 1: Register for a Binance entity account and complete Entity Verification
Note: Please sign out of your existing Binance account before attempting to register for a new entity account.
Step 2: Create a section on your platform for customers to deposit and withdraw crypto via Binance Gift Cards
Step 3: Download and set up the Binance Gift Card API to redeem or generate Binance Gift Cards
The daily Binance Gift Card creation amount and quantity limits are as follows:
  • Amount limit: 2 BTC/24 hours
  • Creation limit: 200 gift cards/24 hours
Step 4: Start accepting and generating Binance Gift Cards

How to use Binance Gift Cards for crypto deposits and withdrawals on my exchange/broker platform?

A common example of an exchange/broker facilitating crypto deposit via Binance Gift Cards:
Step 1: Create a page to enable customers to enter the Binance Gift Card and set up the "Redeem Binance Gift Card" API
Step 2: Your customer enters the redemption code on your page.
Step 3: Your platform validates the gift card via API. Once completed, the crypto will be credited to your Binance Funding Wallet.
Step 4: You deposit the fund to the customer’s wallet on your platform.
A common example of an exchange/broker facilitating crypto withdrawal via Binance Gift Cards:
Step 1: Create a page to enable customers to request Binance Gift Card, set up the "Create Binance Gift Card" API, and deposit funds into your Binance Funding Wallet.
Step 2: Your customer withdraws funds from your platform in Binance Gift Card.
Step 3: You request the Binance Gift Card via API and send it to your customer.
Step 4: Your customer can redeem the gift cards on Binance or use it to transfer crypto to other supporting platforms.

Frequently Asked Questions

1. How can I benefit from Binance Gift Card as a Crypto Exchange/ Broker?
You can offer a simpler and cheaper way for your customers to deposit and withdraw crypto on your platform. This can attract more new users to use your platform.
2. What is the difference between a distributor and a P2P trade merchant with an exchange/broker?
Distributors are those reselling or disbursing Binance Gift Cards with regular retail or corporate clients. P2P trade merchants are trading platforms that let you buy and sell crypto with Binance Gift Cards. Exchanges/brokers are businesses that accept Binance Gift Cards as an alternative method for crypto deposits, transfers, or withdrawals.
3. What cryptocurrencies can I accept and generate with Binance Gift Cards?
Binance Gift Card supports the majority of cryptocurrencies listed in the Binance Funding Wallet. You can accept and generate gift cards that contain the supported cryptocurrencies for your customers at your preferred rates and keep 100% of your profits.
4. Where can I accept and generate the Binance Gift Cards?
You can accept and generate them on your platform via the Binance Gift Card API.
5. How to increase my daily limit for Binance Gift Card creation amount and quantity?
Daily limits for creation amount and quantity are standard and cannot be increased.
Effective from 20 July 2023, only verified entity accounts can create and transfer Binance Gift Cards. If you wish to create and transfer gift cards, please register for an entity account and complete Entity Verification.
Notes:
  • Please sign out of your existing Binance account before attempting to register for a new entity account.
  • Personal Binance accounts will still be able to send and redeem gift cards. If you want to buy gift cards, please visit our Gift Card merchants.

What is Binance Gift Card?

Binance Gift Card is a prepaid crypto voucher that allows users to transfer assets internationally in an easier, faster, and cheaper way. As an international transfer provider, you can help recipients cash out their Binance Gift Card by buying it from them and earning on transaction fees.

How to get started with Binance Gift Cards?

Step 1: Register for a Binance entity account and complete Entity Verification
Note: Please sign out of your existing Binance account before attempting to register for a new entity account.
Step 2: Set up Binance Gift Card API to redeem Binance Gift Cards instantly or redeem manually via Binance App or Website
The daily Binance Gift Cards creation amount and quantity limits are as follows:
  • Amount limit: 2 BTC/24 hours
  • Creation limit: 200 gift cards/24 hours
Step 3: Create a section on your platform for customers to send crypto or top-up via Binance Gift Cards
Step 4: Start accepting Binance Gift Cards from your customers

Frequently Asked Questions

1. How can I benefit from helping users to cash out Binance Gift Cards?
Whether you are an international transfer provider or a simple cash out point, helping users cash out their Binance Gift Cards will allow you to benefit from transaction fees and help attract a new customer base that receives transfers frequently.
2. What cryptocurrencies can I accept and generate with Binance Gift Card?
Binance Gift Card supports the majority of cryptocurrencies listed in the Binance Funding Wallet. You can accept and generate gift cards that contain the supported cryptocurrencies for your customers at your preferred rates.
3. Where can I accept Binance Gift Cards?
You can accept them on your platform via API or manually redeem via the Binance App or website.
4. How to increase my daily limit for Binance Gift Card creation amount and quantity?
Daily limits for creation amount and quantity are standard and cannot be increased.