Users with verified entity accounts can create crypto Binance Gift Cards using the stablecoins in their Spot Wallet. For example, you can use 100 BUSD to create a gift card that allows the recipient to redeem the gift card value in BTC. That means they can receive 100 BUSD worth of BTC upon redemption.
Benefit for card creators:
- You can create a wide variety of Binance Gift Cards, e.g., BTC and ETH gift cards, with stablecoins.
Benefits for card recipients:
- You can redeem the gift card using the real-time conversion rate;
- You can receive the gift card value in full without any fees.
How to create a Stablecoin-Denominated Gift Card?
Please note that only verified entity accounts can create gift cards. If you wish to create gift cards, please register for an entity account and complete Entity Verification.
Note: Please sign out of your existing Binance account before attempting to register for a new entity account.
1. Log in to your Binance App and tap [Profile] - [Gift Card].
2. Select a gift card design.
3. Choose a coin and enter the amount. For example, if you want to create a 100 BUSD worth of BTC gift card, select [BTC] under [Buy] and choose BUSD as the payment currency. Tap [Buy now] to continue.
4. Complete 2FA to confirm the transaction. The amount will be deducted from your Spot Wallet accordingly.
How to redeem a Stablecoin-Denominated Gift Card?
1. Log in to your Binance App and tap [Profile] - [Gift Card].
2. Tap [Redeem] - [Redeem to Crypto].
3. Enter the redemption code and tap [Redeem]. You will see the real-time conversion rate. Please tap [Redeem] within the time indicated, or the quote will expire. You can tap [Refresh] to get a new quote. Once you confirm the redemption, the gift card value will immediately be credited to your Spot Wallet.
If you wish to redeem the gift card later, tap [Bind the card to account first, redeem later] to add it to your account.
