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Binance Gift Card — Three Ways the New Marketplace Makes Giving Even Better

2022-09-22

Main Takeaways

  • Binance’s new Gift Card Marketplace adds extra fun and ease of access to the concept of crypto gift cards. 

  • Introducing three key features: Fixed-Denomination, Cashback, and Mystery Box Gift Cards.

  • Join our Mystery Box and Cashback campaigns to enter a prize pool worth over $33,000 (USD).

Binance Gift Card has launched a new store in the form of a fully-fledged Gift Card Marketplace where users can buy, send and receive crypto in a quicker, safer, and more convenient way.

Thanks to a wide variety of options, buying crypto Gift Cards on Binance’s Gift Card Marketplace is not unlike going shopping at a mall. The new Gift Card site uses gamification and other new features to make it especially easy for even newbies to get into crypto. Additionally, there are over 50 Gift Card templates, as well as exclusive monthly selections to choose from — whether it’s for a birthday, wedding, anniversary, or NFT collection.

Let’s explore the Binance Gift Card Marketplace’s three newest features: fixed-denomination gift cards, cashback, mystery boxes.

Fixed-Denomination Gift Cards

With a Fixed-Denomination Gift Card, users can purchase tokens of their choice using fixed amounts of supported common currencies (such as BUSD, USDT, etc.).

For example, if you want to have a gift card loaded with BTC, you no longer need to have that BTC amount to do so. Now you can specify that you want to buy BTC worth 100 BUSD and fund the gift card using this fixed denomination of BUSD instead.

This means users can now purchase tokens with a more intuitive payment amount (in fixed denominations). Previously, it was a must for a user to have the right amount of BTC in their funding wallet. The conversion of the base token to the face token is automatically done using the Binance rate — but only when the card is redeemed.

In addition to being largely protected from the impact of market conditions on the price of a crypto gift card, senders can also ensure that the exact amount they want to transfer is fixed and guaranteed, regardless of the token requested by the recipient.

For example, if you send 100 BUSD worth of BNB in the form of a Binance Gift Card, the value always remains fixed at 100 BUSD and is only converted to BNB at the point of redemption. Remember, this conversion is based on Binance’s Crypto Converter rates and is done automatically once the card is redeemed.

Cashback Gift Cards

Upon purchasing an eligible gift card, marked with the “cashback” label, a cashback reward will be immediately sent to the buyer in the form of a gift card (on a first-come first-served basis). This newly added feature is campaign-based and available for certain eligible tokens only.

Users who purchase a minimum amount of specified tokens (as per the campaign) will be eligible for cashback. Qualifying users will, upon purchase, receive the cashback amount via a gift card. Please note that each user can only purchase one cashback gift card per campaign.

You can save your cashback rewards to buy more gift cards in the future, and receive cashback on them as well. The more you buy, the more you save!

This also benefits project teams and partnerships, who can use this as a mechanism to introduce their projects to users as a cashback token.

Mystery Box Gift Cards

Buying a Mystery Box Gift Card is equivalent to entering a mystery box campaign that gives you the chance to win up to a multiplier of your paid amount. Everyone taking part will be able to redeem back at least the full cost of participation during the designated mystery box open period.

Users can enter a no-risk event with the chance to win large rewards thanks to the Mystery Box feature. This can be done by entering a “mystery box draw” during the promotional period — simply purchase a gift card containing a small amount of the selected token and, at the end of the promotional period, users can then ‘open’ the mystery box and receive a reward in the form of a gift card.

Celebrate the new Gift Card Marketplace with our Mystery Box and Cashback Gift Cards 

The Binance Gift Card Marketplace launch campaigns cover multiple mystery boxes and cashback cards — starting from 2022-08-22 (00:00 UTC) onwards.

Mystery Box Gift Card — visit the Gift Card Marketplace and purchase a Merit Circle (MC) or DEGO mystery box gift card for a chance to win from total rewards of $15,500 (USD). Limited time only!

Cashback Gift Card — visit the Gift Card Marketplace and purchase Merit Circle (MC) or DEGO cashback gift cards for a chance to win from total rewards of $17,500 (USD). Available while stocks last!

For more information on the mechanics of the Gift Card Marketplace please read the campaign announcement.

Guides & Related Materials: 

Terms and Conditions:

  • Cashback is a newly added feature that is campaign-based and only available for eligible tokens on a first-come, first-served basis.

  • Users who purchase a minimum amount of certain selected tokens will be eligible for cashback.

  • Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions. 

  • Binance reserves the right to modify or remove any terms or conditions of the promotion.

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets loaded onto a Gift Card, which may be lower or higher at the time of redemption than it was at the time of loading. Binance is not liable for any losses you may incur. This should not be construed as financial advice. For more information, see our Terms of Use, Terms of Use for Binance Gift Cards and Risk Warning. Appearance of third-party projects on Binance Gift Card Marketplace should not be construed as a recommendation, vetting, or endorsement by Binance. You are solely responsible for your investment decisions and your use of any third-party projects in Gift Card Marketplace is at your own risk.