What is Binance payout and how does it work?

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 friends and family around the world to send you digital money, or for you to transfer it to them.

Binance Pay and Binance payment cards were the new features 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?

Time required: 5 minutes

Creating an account on Binance Pay is very easy. If you've already created an account on Binance.com, you can get Binance Pay using this guide. However, if you do not have an account on Binance, first

Sign up for Binance.

Binance app

Enter the Binance app and select "Pay" in the profile tab.

Adoption of rules and regulations

To continue the process, confirm your acceptance of Binance's rules and regulations by selecting the 'I agree...' option. 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 payment. The name you choose at this stage cannot be changed later.

Name selection on 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 must select the order of the currencies you use in Binance Pay. What currencies do your transactions mostly involve? Binance Pay accepts six digital currencies: