How to Send Cryptocurrency to an Individual with Binance Pay

2021-03-01 01:26

Tutorial Video

There are two ways to send crypto to others with Binance Pay: via QR code or via Binance account email, phone number, or Binance ID.

How to send cryptocurrency to an individual via Binance email/phone number/Binance ID?

To pay someone via these payment methods, you need their Binance account’s email, phone number, or Binance ID(UID).

1. Log in to your Binance app and go to [Pay] - [Send].

2. You can paste or manually enter the other party’s Binance account email, phone number, or Binance ID. Tap [Continue].

3. Enter the payment amount and notes (if any) for this payment. Tap [Continue].

4. Check the payment details carefully before tapping [Confirm]. You can tap [Wallet] to choose the funds to utilize for this payment.

5. Enter your Pay PIN or complete 2FA to verify the payment. 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. The payment amount will be deducted from your wallet balance.

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].

tutorial video

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. Check the payment details carefully before tapping [Confirm]. You can tap [Wallet] to choose the funds to utilize for this payment.

4. Enter your Pay PIN or complete 2FA to verify the payment. 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.

5. The payment amount will be deducted from your wallet balance.

How to make payment to a merchant with Binance Pay?

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. 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 or complete 2FA to verify the payment. 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. The payment amount will be deducted from your wallet balance.