Content
Upon successful completion, you’ll receive immediate payment details on the screen. Additionally, the system will send email and SMS notifications, providing a comprehensive overview of the transaction. The recipient will also receive a notification about the incoming funds. When you use Binance Pay for the first time, you will need to create a crypto payment solutions nickname and secure payment PIN to complete your account setup. This PIN will be used to authorize transactions, so be sure to keep it safe. To use Binance Payment, you must complete the KYC identity verification process.
Frequently Asked Questions About Accepting Binance Pay Payments
In the app, click on the Binance Pay icon in the top left corner of the homepage or go to [Wallet] → [Funding] → [Pay]. Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Binance Pay provides real-time conversion rates for your convenience, giving you a clear understanding of the amount being sent. If you don’t have the code, go to Binance Pay, click on the [Send] button and then fill in your Cryptocurrency exchange recipient’s email address, phone number, or Binance Pay ID.
How to accept cryptocurrency payments from Binance Pay users?
Users can generate QR https://www.xcritical.com/ codes or payment links to request crypto payments. To pay, they can simply scan these QR codes or use the provided links. This process eliminates the need for credit cards or bank transfers, making transactions faster, safer, and more cost-effective. Binance Pay is a payment technology that makes it easy to send, receive, and spend cryptocurrencies.
Coinbase users gain access to Triple-A’s global network of merchants with a streamlined crypto payment experience
Before every withdrawal is complete, you must complete the 2-step authentication process. The transaction will show « pending payment » till the buyer makes payment and it indicates that receipt is confirmed. After you’ve received the money, tap “Confirm” to release the crypto to the buyer. To find out which cryptocurrencies are offered for trading with Ethereum, select ETH in the top right corner. You’ll now be able to see that Ethereum has over 140 different trading pairs on Binance.
Enter your email address and create a strong password. 5- The payment process will be processed immediately, and you will receive notifications via email and SMS to confirm the transaction. 2- Select the cryptocurrency and enter the amount you want to send.
When you want to transfer crypto to another Binance user, you can send crypto to their account via their phone number, email address, or Binance User ID (BUID). Your transfer will be completed immediately and it cannot be recovered if you entered the incorrect details. When you want to transfer crypto to another Binance user, you can send crypto to their account via their phone number, email address, or Binance user ID.
Thus, it’s essential to factor these costs into your decision to use the platform. Whether you’re a seasoned crypto enthusiast or just beginning your journey, sending digital assets in a secure and efficient way is imperative in the world of cryptocurrencies. So, let’s explore how to send crypto assets utilizing Binance Pay.
Please check the information on the screen carefully before clicking [Confirm]. Then, select your preferred crypto, enter the amount you wish to send and click [Continue]. This will proceed to authenticate your transaction and finalise the transfer. BNB was initially issued as an ERC-20 token on the Ethereum platform but has since migrated to BNB’s own blockchain. Trading with Binance will take you from beginner to expert through its Classic and Advanced settings.
To use Binance Pay, you must complete an identity verification process, which involves providing personal information and identification documents for security purposes. From the Funding Wallet page, click on the Pay or Receive tab to access the Binance Pay feature. If using the mobile app, tap the Open Binance Pay button. Follow the prompts to create a unique username and six-digit PIN.
On mobile, tap the Profile icon (or User Center) and select Pay. Cryptocurrencies are known for their price volatility[2]. If you have a QR code, go to the homepage and find the little scanning icon next to the search bar.
Well, to ensure that you make the most of it, I’ll look over the main processes of this innovative payment solution and provide you with step-by-step guides. From setting up your account to making payments, I’ve got you covered. Moreover, there is the « Send Cash » option, which allows you to exchange crypto for your desired fiat currency. Primarily, this feature is powered via P2P, but there is also the service provider option in some regions. Head over to the Binance app or website and create an account if you don’t have one already.
- Check the details carefully before clicking [Continue].
- Next, I want to tell you about another one of its features – security.
- However, before jumping into a step-by-step guide of opening an account, let’s also discuss how Binance works.
- Support for such a wide range of assets ensures that users will have plenty of options when paying or receiving funds.
- Now you know how to use Binance to make trades, I need to tell you about Binance trading fees.
- Offer a wide range of payment options, including bank transfers and credit card payments.
This PIN will be used to authorize transactions, so it’s crucial to keep it safe. If this is your first time using Binance Pay, set up your account by creating a secure Pay alias and PIN. This PIN will be used to authorize transactions, so you need to keep it safe.
We welcome all contributions and appreciate your time and effort in making this package better. In situation where event was failed to send, the webhook will retry up to 6 times to resend the event. Binance uses webhooks to notify you when something happens. We will automatically send you a notification immediately to keep you up-to-date on your order status. You can use the « Query Order » API to query an order and check the order status in real time. • Triple-A has been selected as a Global Digital currency Payment Gateway for Binance Pay.
It supports over 80 different cryptocurrencies, including Bitcoin, Ethereum, BNB, and stablecoins such as USDT, USDC, and FDUSD. Users have a wide range of assets to choose from when making payments and receiving funds. Sending crypto to other Binance Pay users is usually free, but there’s a small fee (1 USDT) if you send a large amount (over 75,000 USDT). Sending crypto to an external wallet incurs a fixed fee ranging from $0.1 to $2 (based on the network). Moreover, using the « Send Cash » feature through P2P incurs a small fee, too – $0.5 or $1, depending on the amount. As for « Send Cash » via service providers, fees are charged based on the service provider in question.
Tailor your Binance Pay experience by configuring your Payment Priority Order. This enables you to arrange your preferred cryptocurrencies for spending, ensuring your most-used coins are readily available when making payments. Do note that all applicable Binance Pay fees and related exchange rates are displayed before any transaction is made, so there won’t be any surprises.