Binance Pay is Binance's cryptocurrency payment feature — use it to send money to friends, shop at supported merchants, or even make cross-border payments. The entire process doesn't require knowing the other party's wallet address — it's as simple as sending a digital red packet.
What Can Binance Pay Do?
1. Transfer to Binance Users Send cryptocurrency directly via the recipient's Binance Pay ID, phone number, or email. No blockchain address needed, no network selection, and no on-chain fees.
2. Merchant Payments Pay by scanning a code at online or offline merchants that accept Binance Pay.
3. Receive Payments Generate a QR code or link — others scan to pay you.
4. Group Red Packets Similar to digital red packets — send crypto red packets in group chats for others to claim.
To use Binance Pay, first register on Binance and complete identity verification.
How to Send to Friends
Method 1: Via Binance Pay ID
- Open Binance APP → find "Pay" or "Binance Pay"
- Tap "Send"
- Enter the recipient's Binance Pay ID
- Select the token to send (USDT, BNB, BTC, etc.)
- Enter the amount
- Add a note (optional)
- Confirm
Method 2: Via Phone Number or Email If the recipient registered Binance with a phone number or email, you can send directly using that info.
Method 3: Face-to-Face QR Scan The recipient shows their receiving QR code — you scan and enter the amount to send.
Transfer Features
- Instant delivery: Completes in seconds
- Zero fees: No charges for transfers between Binance users
- Multi-token support: Nearly all Binance-supported tokens available through Pay
- No blockchain confirmation: Internal Binance transfer — doesn't go on-chain
How to Pay at Merchants
More and more merchants accept Binance Pay. Payment process:
- Merchant displays the Binance Pay payment code
- Open Binance APP → Pay → Scan
- System shows merchant info and amount
- Select payment token
- Confirm payment
Some merchants accept USDT payment while receiving the local currency equivalent — exchange rates are calculated automatically by Binance Pay.
Receiving Payments
Generate a receiving QR code:
- Binance Pay → Receive
- Select the token to receive
- Enter amount (optional — the payer enters if left blank)
- Generate QR code or receiving link
- Share with the payer
Sending Red Packets
Binance Pay supports crypto red packets:
- Pay → Red Packet
- Select token and total amount
- Set the number of red packets
- Choose "Equal split" or "Random amounts"
- Generate red packet link
- Share in group chats
Recipients open the link to claim — amounts go directly into their Binance Pay wallet.
Binance Pay vs Withdrawal Transfer
| Feature | Binance Pay | Withdrawal Transfer |
|---|---|---|
| Speed | Instant | Minutes to tens of minutes |
| Fees | Free | On-chain fees required |
| Scope | Binance users only | Any blockchain address |
| Difficulty | Simple | Requires chain and address selection |
| Privacy | Moderate | Viewable on-chain |
If the other person is also a Binance user, Binance Pay is always more convenient, faster, and cheaper than withdrawal.
Security Settings
- Set a payment password: Required for each payment
- Enable biometrics: Fingerprint or face confirmation for payments
- Set per-transaction and daily limits: Prevents mistakes or excessive losses if compromised
Example Use Cases
- Splitting a restaurant bill with crypto friends — Pay USDT directly
- Parents sending living expenses to students abroad via Pay
- Shopping on websites that accept crypto
- Sending red packets at events to liven things up
Binance Pay makes everyday crypto use simpler. While the number of merchants accepting Pay is still growing, it's already an excellent tool for transfers between Binance users.