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Binance Pay Now Supported on Binance NFT

2022-05-19 09:05
Fellow Binancians,
Binance NFT Marketplace now supports Binance Pay, to enhance users’ NFT experience and improve transaction efficiency.
Users can now purchase NFTs using Binance Pay. This feature is currently only available for fixed-price NFTs and Mystery Boxes on the Binance NFT secondary market. Users will be required to enter their Pay PIN when the price of the NFT or Mystery Box they are buying exceeds the Password-Free Purchase Limit (Per Transaction). Existing Binance Pay users who have already set their Pay PIN do not need to set their Pay PIN again.
In scenarios where Binance risk management policies are triggered, users may be asked to enter the Pay PIN or to complete 2FA (Two-Factor Authentication) when paying for NFTs and Mystery Boxes.
With Binance Pay, Binance NFT hopes to lower the barriers for crypto users from the Binance ecosystem to enter the NFT space. To purchase NFTs with Binance Pay, users can now select the Funding Wallet as a payment method, in addition to the Spot Wallet. Binance NFT will continue to support more wallet options to further improve user experience.
By using Binance Pay, users now have the option to convert their cryptocurrencies to cryptocurrencies required to purchase NFTs directly on the payment page free of charges, if they have insufficient balance to place the orders whilst they have sufficient balance in their Funding Wallet or Spot Wallet. The real-time cryptocurrency exchange rate will be used as the conversion occurs at the time of the transaction. The maximum convertible amount is $20,000 equivalent.
  • Once a cryptocurrency is converted, the refund will be in the converted cryptocurrency used to pay for the item if a refund is incurred.
  • If there is insufficient balance in the Funding Wallet or Spot Wallet, users will be prompted to top up first.
Learn more about the new payment feature here.
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Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance Team
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.