DeFi Access Made Simple with Binance Pay's One-Step Deposit Feature
HighlightsBinance Pay's deposit feature allows transfers to select DeFi wallets, improving the accessibility of decentralized finance and the user experience. The feature, which recently added several new DeFi wallet partners, significantly reduces the potential error when automating entry of wallet addresses. This makes the process more practical, especially for those who are entering this world. As part of Binance's commitment to product innovation, this new feature contributes to our goal of continually improving our services to bring value and empower users as they explore the world of digital finance. At Binance, we are always building and innovating to simplify and perfect your crypto experience. Decentralized finance (DeFi) is a key area for us, given its growing popularity and great potential to transform the financial landscape. As more people venture into this digital frontier, we continually seek to make DeFi services more accessible and convenient for you. As we pursue this goal, we are excited to share that we have onboarded a number of new wallet partners that will integrate deposits through Binance Pay, a feature that aims to directly improve your DeFi experience. What's exciting about this feature? First of all, its incomparable comfort. Not only does it allow you to easily transfer to certain DeFi wallets, but it also anticipates and avoids the complexities you might face. All of this creates a simplified connection between centralized finance (CeFi) and decentralized finance (DeFi).Binance Pay – Your personal on-chain transfer assistant as a serviceBinance Pay Deposit feature simplifies the task of making deposits to various DeFi wallets. Provides a convenient and streamlined experience, prevents errors and streamlines your cryptocurrency experience.Here are some of the reasons why this feature is hugely popular among our users. Makes Convenience the Norm: Typically, transferring cryptocurrency to a DeFi wallet involves a multi-step process that includes jumping between apps, selecting the network and verify the address. Our deposit feature helps you reduce this complexity. By simply choosing the [Deposit with Binance Pay] option in the selected DeFi wallet app, users are instantly redirected to Binance Pay, with their destination wallet address already pre-populated. Goodbye to errors: long addresses and selection of the network make the transfer process intimidating, especially if you are just starting out in the world of cryptocurrencies and DeFi. Errors could lead to irreversible loss of assets. Automating address entry helps us enrich your user experience by offering a greater sense of security. Speed and ease: The feature does all the hard work when it comes to managing wallet addresses. The days of manually scanning, copying and pasting complex wallet addresses are over. With a single confirmation, you successfully complete the transaction. Binance Pay's promise of transaction simplicity takes things to a new level. When developing this feature, we focused on removing existing obstacles and also anticipating potential difficulties you might encounter when navigating the DeFi world. Please note that certain fees are charged, such as network and platform fees. Broaden your horizons in the crypto world Many of the leading DeFi wallets have already integrated this Binance Pay feature. The result is a simpler and more accessible way for users to manage crypto assets in the decentralized finance space. Here are some notable integrations:Trust Wallet: Founded in 2017, Trust Wallet is a secure, multi-chain, decentralized self-custody crypto wallet. The application seeks to allow people to easily buy, sell, make profits and store their crypto assets in one place. It is among the largest self-custody wallets in the world, with over 80 million app downloads and over 11 million monthly active users worldwide. Read more about the Binance Pay integration into Trust Wallet here.SafePal – Founded in 2018, SafePal is a comprehensive suite of crypto wallet services providing hardware wallet, mobile app, and browser extension solutions. As a non-custodial wallet suite supporting over 100 blockchains, SafePal allows users to take ownership of their crypto adventure and securely access opportunities in a decentralized world. Ronin Wallet – Trusted by millions of Web3 players and over 12 million downloads, Ronin Wallet powers Web3 gaming titans like Axie Infinity and Pixels. In pursuit of even simpler onboarding, the wallet was recently updated with cutting-edge multi-party computing technology and support for multi-chain accounts. Harness the Power of DeFi with Binance PayAt Binance Pay, we remain committed to fostering more partnerships with DeFi wallets to drive more agile integrations and consistently deliver on our vision of uniting CeFi and DeFi. As we serve a diverse user group, ranging from people just entering the crypto world to seasoned users, we are dedicated to ensuring a smooth and reliable crypto experience for everyone. If you are a verified Binance Pay user with an active Binance account, your crypto experience is just a click away. Join us as we redefine financial boundaries and continue to pioneer digital asset management. If you would like to integrate Binance Pay into your DeFi wallet, we would be happy to help. Contact your assigned Binance account manager or connect with us here.You might also be interested in…Binance Marketplace: Your gateway to cryptocurrency tradingThe future of finance in your wallet: A big year for Binance Pay!How to access Binance PayLegal notice: Digital asset prices can be volatile. The value of your investment could increase or decrease, and you may not get back the amount invested. You alone are responsible for your investment decisions and Binance is not responsible for any losses you may incur. Deposit funds into your wallet and transact with caution. This is not financial advice. For more information, please see our Binance Terms of Use, Binance Pay Terms of Use, and Risk Warning.