You can now create crypto Binance Gift Cards using the stablecoins and fiat currencies in your 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.
Benefits for card creators:
- You can use a wide variety of Binance Gift Card products, e.g., create BTC and ETH gift cards with stablecoins;
- You don’t necessarily need to hold crypto to create gift cards, which reduces your exposure to market fluctuations.
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?
1. Log in to your Binance App and tap [Profile] - [Gift Card] to enter the Gift Card Marketplace.
2. Tap [Customize Gift Card] under [Buy Gift Card].
3. Select the crypto gift card you want to send 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] to enter the Gift Card Marketplace.
2. Tap [Redeem] - [Redeem Binance Gift Card or Code].
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.
