![]() The Binance app’s interface provides different methods of accessing the Binance Pay feature. Let’s go through a quick example of using Binance Pay to make payments and receive crypto. By scanning the code, your friend can easily make the payment through Binance Pay. For example, you can generate a QR code for a payment of 0.1 BNB and send it to a friend. When creating your Binance Pay account, you will also have to set a 6-digit PIN code that you will be using to confirm payments.īinance Pay also lets you generate QR codes that can be scanned for easy payments. Choose wisely, as you won’t be able to change this nickname after selecting it. ![]() ![]() On Binance Pay, all users get to choose a nickname. Another thing that you have to keep in mind is that Binance requires all users to verify their identity, and this is also a necessary step before you can use Binance Pay.Īfter you’ve created a Binance account, installed the Binance app and verified your identity, you’re ready to use Binance Pay. To use Binance Pay, you’ll need to first install the Binance mobile app, which is available on both the iOS and Android platforms. In this example, the intended recipient would receive an email or text message inviting them to join Binance Pay and receive your crypto payment. It’s also possible to use Binance Pay to send crypto to users who don’t have a Binance account. In most cases, transactions on Binance Pay are completed instantly, and the platform also supports over 40 different cryptocurrencies. Binance Pay allows users to send crypto to their friends or spend cryptocurrency at supported merchants without having to pay any fees. Binance Pay is a cryptocurrency payments system created by Binance, the world’s most popular crypto exchange.
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