What is Binance pay and how does it work?
February 3, 2024
Mehla Emami
Binance training
Binance Pay is a contactless cryptocurrency payment technology in a secure and borderless environment designed by Binance. The beta version of Binance Pay allows you to ask your friends and family around the world to send you digital currency or you to transfer it to them.
On February 1, 2024, Binance announced its new capabilities at the "Binance Blockchain Week" event, showing that it plans to expand its activities and connect digital currencies to people's daily lives. Binance Pay and Binance payment cards were new features that were introduced. The beta version of Binance Pay is like a digital currency payment gateway where users can easily sell their products to others and receive digital currency in return.
How to create a Binance Pay (Beta) account?
Required time: 5 minutes
Creating an account on Binance Pay is very easy. If you have already created an account on Binance.com, you can have Binance Pay using this guide. But if you don't have an account in Binance, register in Binance first.
Binance app
Enter the Binance application and select the "Pay" option in the profile tab.
Acceptance of rules and regulations
To continue the process, tick the 'I accept the...' option to declare your agreement with the rules and regulations of Binance. Then click "open". Binance Pay rules and regulations
Choose a name
Choose a name for your account. Note that if you have already chosen a nickname in your Binance account, the same name will also be used for Binance pay. The name you choose at this stage cannot be changed later.
Name selection in Binance
Set password
After choosing a name, you will be asked to choose a six-digit number for your password. Do not share this number with anyone. Password in Binance Pay
Select currency
In this section, you should choose the order of currencies that you use in Binance Pay. Which currencies are your transactions mostly related to? Binance Pay accepts six digital currencies:
