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How to Send Cryptocurrency to an Individual with Binance Pay

2021-03-01 01:26
There are two ways to send crypto to others with Binance Pay: via QR code or via Binance account email, phone number, Binance ID(UID) or Pay ID.

How to send cryptocurrency with QR code?

1. Simply scan the other party’s Binance Pay QR code with your Binance App. There are two ways to access the QR code scanner in your Binance App:
1.1 You can access the Binance QR code scanner via the Binance widget. Long pressing the Binance App icon on your mobile home screen. Tap [Scan].
1.2 You may also access the Binance QR code scanner via the Binance App. Tap the QR code scanner on the homepage.
2. You can see the payment details after scanning the QR code. Check and confirm the payment details.
Please note that your payment details will vary depending on the payment instructions set by the other party upon QR code creation.
3. Tap [Continue] after confirming the payment details. If you wish to change your payment method, tap [Payment Method] to view the available payment methods. After that, tap [Confirm].
4. Enter your Pay PIN for payment verification. Please note that your Pay PIN will be locked after 5 incorrect attempts.
In case your Pay PIN is locked, you can try again after five hours.
5. After verifying your PIN, you will see the payment details. Your payment is now completed.
To pay someone via these payment methods, you need their Binance account’s email, phone number, Binance ID(UID) or Pay ID.
1. Log in to your Binance App, go to [Wallets] - [Funding] - [Pay].
Or simply tap the [...] button and select [Send].
2. You can paste or manually enter the other party’s Binance account email, phone number, Binance ID(UID) or Pay ID. Tap [Continue].
3. The system will redirect you to the cryptocurrency list page. You can check the available balance in both Funding and Spot Wallet. If no assets are available, you should first transfer funds to your Funding or Spot Wallet.
Choose the cryptocurrency you want to transfer.
4. Enter the payment amount and notes (if any) for this payment.
5. Tap [Confirm]. If you wish to change your payment method, tap [Payment Method] to view the available payment methods. After that, tap [Confirm].
6. Enter your Pay PIN for payment verification.
7. After verifying your PIN, you will see the payment details. Your payment is now completed.
The payment amount will be deducted from your Funding Wallet or Spot Wallet balance according to the cryptocurrency order you've set.
Currently, you can only make payments to merchants in Binance Pay via QR code. Please request a QR code from the merchant first.
1. Open your Binance App and tap the QR code scanner on the homepage. Scan the merchant's QR code.
2. You can see the payment details after scanning the QR code. You can tap the information icon next to the merchant’s name to see their list of not supported payment cryptocurrencies. Tap [Continue] after confirming the payment details.
3. The App will proceed to display the cryptocurrencies to be utilized for your payment according to your payment priority settings. Check the payment details and tap [Confirm].
Please note that in case the balance of your prioritized crypto is insufficient to cover the payment amount, multiple cryptocurrencies will be used in your preferred payment order to fulfill your payment.
4.1. Change your payment cryptocurrency/payment cryptocurrency order (optional)
If you wish to change your payment cryptocurrency order, tap [>] next to [Currency] to view your available cryptocurrency balance for payment.
Simply drag the available crypto to arrange them in your preferred order. This setting will only apply to your current transaction and will not affect the initial payment priority order configured upon your wallet set up.
5. Enter your Pay PIN for payment verification. Please note that your Pay PIN will be locked upon 5 incorrect attempts.
In case your Pay PIN is locked, you can try again after five hours.
6. After verifying your PIN, you will see the Payment Details. Your payment is now completed.