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Benefits Of Sending Crypto on Binance

2021-12-08

Main Takeaways

  • Crypto has changed the way transfers and payments are made.

  • Binance Pay is a convenient, borderless, and secure way to transfer crypto from the comfort of your own phone.

  • The new Pay feature lets you send crypto to anyone, even sendees who are not using Binance Pay.

  • Learn how to send crypto instantly from your phone with Binance Pay.

With the digital revolution, the world can now send money anywhere with little to no fuss. Learn about the benefits of sending crypto on Binance, and find out how you can send crypto gifts to anyone, even non-Binance users, just by using the Binance app.

With the advent of blockchain comes the disruption of payment infrastructure. Instead of relying on slow, costly traditional financial systems to send money, you can now opt to use peer-to-peer platform services to transfer crypto anytime, anywhere. Binance is one such platform that offers a great user experience for both novice and experienced crypto holders in the form of Binance Pay.

Binance Pay is a borderless, secure user-to-user crypto payment feature on the Binance app that allows anyone to send money anywhere. Find out more about the benefits of using Binance Pay to send crypto to your friends and family below.

Benefits of Using Binance Pay to Send Crypto

1. Borderless

Binance Pay allows you to instantly send and receive crypto across the globe. As long as you and your recipient have access to the free Binance app, you can send crypto anywhere around the world. International money transfers that typically require access to financial facilities can be done with the touch of a button on the Binance app.

2. Instant payment 

Unlike traditional money transfer systems that require some time to process and send, you can send crypto online instantly with Binance Pay. Typically, delayed money transfers are caused by bank holidays, multiple intermediaries, missing paperwork, and other factors. Binance Pay operates on a user-to-user basis to avoid these types of delays, therefore allowing speedier transfers for you to get your crypto across faster. You can even send crypto to someone on the spot by scanning their Binance Pay QR code with your Binance app, making it a good payment option to offer if you are a merchant looking to accept cryptocurrencies as payment. 

3. 300+ cryptocurrencies to choose from

Binance Pay offers a wide variety of cryptocurrencies to pick from. With over 300 cryptocurrencies supported, you can select your favorite crypto to send or receive. 

4. Zero fee

Binance Pay allows users to send and receive crypto without incurring any fees or charges, no matter how little or how much crypto you send. Traditional money transfer fees can add up because of handling charges, foreign exchange charges, and other miscellaneous fees. Generally, the more intermediaries there are between you and your recipient, the higher the fees. Binance Pay facilitates user-to-user transfers, which means that there are no intermediaries or fees that come with them. 

5. Send to non-Binance users instantly

You can also transfer crypto to non-Binance users as long as they have access to the internet and a smartphone with the Binance app. This allows you to invite others who are not using the Binance app to start doing so, allowing for a breezy crypto transfer between you and your friend in the future.

With Binance Pay, digital payments will slowly become an integral part of everyday life. Curious about how Binance Pay lets you send crypto to non-Binance users? Read on to find out.

How to Send Crypto to Non-Binance Users

Binance Pay allows you to send crypto from the comfort of your own phone. Use the Binance app to transfer crypto in a few simple steps.

Step 1: Go to your Binance app, tap on Binance Pay and click ‘Send’.

Step 2: Enter your recipient’s email address, phone number, or Pay ID and click ‘Continue’.

Step 3: You will be notified if your recipient is not a Binance user. Click ‘Continue’ to move on to the next step.

Step 4: Choose your preferred currency and amount you want to send and click ‘Continue. You can also choose to include an optional note with your transfer.

Step 5: Check that all details are correct and click ‘Confirm’.

Step 6: Once you see a payment success screen, click ‘Done’.

Once you have completed the steps, your sendee will receive a notification in their email inbox or phone, depending on which information you provided in Step 2. In order to receive your crypto, they will have to create a Binance account and activate Binance Pay with the same email address or phone number that you have provided. 

Conclusion

With speedier transfers and zero platform fees, Binance Pay is an optimal solution for sending crypto to anyone, anywhere. As cryptocurrency and blockchain continue to disrupt the money transfer business, it is only a matter of time before it becomes the preferred mode of transfer and payments. Get ahead of the curve, and learn how Binance Pay can make your life easier.

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