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How To Use Binance Us App

Author: admin December 14, 2022 03:54 December 14, 2022 4 views

We at present support using Binance Pay to transfer cryptocurrencies between Binance users on the Binance App. You can transfer crypto to other Binance users efficiently without transaction fees via a telephone number, e-mail address, or Pay ID from the withdrawal page.


How to transfer crypto to another Binance user via Binance Pay?

When you lot want to transfer crypto to another Binance user, yous canorthward brand an internal transfer using their Binance address. If the other political party has already completed Identity Verification, you can send crypto to their business relationship via their phone number, email address, or Pay ID.

You tin follow the step-by-step tutorial below:

1. Log in to your Binance App and tap
[Wallets]
-
[Withdraw]. Select the crypto you want to transfer and tap
[Ship via E-mail/Phone/Pay ID].


Please note that y'all need to enable the Binance Pay service before you can brand a transfer via a telephone number/electronic mail/Pay ID. If yous haven’t enabled the service, you volition be redirected to Binance Pay to enable it.


2. Select how you lot want to transfer (via phone number/email/Pay ID) and enter the information accordingly. And then, enter the corporeality to transfer.



Notes:

  • Currently, nosotros support internal transfer via a phone number, email address, or Pay ID;
  • Available balance shows the full assets y'all can utilise from your Spot and Funding Wallets. You can cull to employ either 1 of the wallets for the transfer. If the wallet remainder is bereft, you can choose to utilize the assets in both wallets.
  • [Notation] is optional. Whatsoever message you enter hither will be sent to the other party.

3. Click
[Send]. You need to confirm the transfer. Please check carefully earlier clicking
[Adjacent].


Your transfer will be completed immediately and it cannot be recovered if you entered the incorrect details.

And so, verify the transfer with 2FA devices.


4. Your transfer is complete. You tin click
[View History]
to see the transfer record.

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Frequently Asked Questions


i. What are the differences between using a phone number/email/Pay ID and a wallet address for internal transfer?

The new internal transfer office via a phone number/email/Pay ID is


free of charge and funds will arrive immediately

. However, information technology requires both parties to enable the Binance Pay service and y'all must enter the correct details.

Using a wallet address for internal transfer requires block confirmation and the transaction usually takes longer to process. Y'all’ll need to pay transaction fees too depending on the network you’re using.

If the recipient wallet address belongs to a Binance account, the network fee will not be deducted. For more than details,
delight refer to How to Make Internal Transfer on Binance.


two. What is Pay ID?

Pay ID is the unique identification number for your Binance Pay. Pay ID is different from your Binance user ID (UID). For more information on Binance Pay, please refer to

What is Binance Pay
.


3. Who can use the phone/electronic mail/Pay ID to ship crypto?

Binance users who have enabled the Binance Pay service can send crypto to other Binance users via phone number/email/Pay ID. For more than data on Binance Pay, please refer to

What is Binance Pay
.


4. Who can use the telephone/e-mail/Pay ID to receive crypto?

To receive crypto via a phone number or email, yous must exist a verified Binance user. To receive crypto via Pay ID, y'all must exist a verified Binance user and have enabled the Binance Pay service.


v. If I made a transfer via a telephone number or email, but the recipient hasn’t enabled Binance Pay, can they still receive my crypto?

Yep. Transfers via telephone numbers or email addresses do not require the recipient to enable the Binance Pay service. Yet, please ensure that the telephone number/email you entered is correct and that the recipient has already completed Identity Verification.


6. Where can the recipient discover the crypto I sent?

The crypto will be credited to the recipient’s Funding Wallet.


seven. Tin can I recover the funds if I entered the incorrect telephone number/email/Pay ID?

No. Transfers via phone number/email/Pay ID are


immediately credited and free of charge. They cannot exist recovered if yous enter the wrong details.


Therefore, please check that the phone number/email/Pay ID is right before confirming the transfer.


8. Which Binance App version supports Binance Pay?

Your Binance App needs to be ii.41.0 or above to use the Binance Pay transfers via telephone number/electronic mail/Pay ID function. To bank check your App’s version, go to
[Profile]
-
[Settings]
-
[About Us].

Source: https://www.binance.com/en/support/faq/how-to-use-binance-pay-for-internal-cryptocurrency-transfer-on-binance-app-e36df8b437cb43e3909e7a38f8867957

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