Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Note: Binance Pay’s Send Cash function supports both authorised bank partners and Binance P2P. Using the digital assets in your Spot or Funding Wallet, you can send cash directly to your recipient via bank or e-wallet transfer.
1. Log in to your Binance app.
2. Select the [Pay] icon, and tap [Send Cash] - [Try Now].
1. Select your intended recipient from the recipient list. You can also add new recipient’s details which will be automatically saved to your list for future use.
Note: Please check all the details carefully before tapping [Continue].
2. You will see a summary of the payment information. Please review all details before proceeding.
3. You’ll be then prompted to confirm your payment. Choose to pay from your preferred wallet or use a combination of available balances. You can also specify your preferred payment currency at this stage.
Please refer to the transaction limit below:
| Receiving Country | Daily Limit |
| Argentina | 10,000 USD equivalent |
| Colombia | 10,000 USD equivalent |
Once you select the destination country, you will see an estimated transaction time. The actual duration may vary depending on the payment method you choose. While transactions are completed within the same day, in some cases it may take more than 10 working days due to local regulations and payout institution requirements.
Go to [Pay] - [Send Cash], to view the status of your latest transfer. To view your transfer history, tap the [History] icon on the top right corner.
a. The recipient details are wrong
Most banks won’t accept payments if the recipient details are incorrect.
Please double-check all recipient information carefully before proceeding.
b. The recipient account has reached its remittance limit.
Some countries may limit the amount of money a resident can receive per day due to regulatory requirements. The transfer will fail if the recipient’s remittance limit has been reached.
Please ensure that your recipient’s remittance limit is sufficient before proceeding with the transfer.
c. Other possible reasons:
In most cases, you have 30 days from the transaction date to lodge a dispute. For further assistance, please contact Binance Support via Chat.
Local taxes, as dictated by jurisdiction and its regulations, will be deducted directly from the received amount. Users acknowledge and agree that the amount sent from Binance may differ from the received value due to their tax status.
Note: Binance does not charge any tax fees.
To learn more about other Binance Pay products, visit Binance Pay FAQs.
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Please fund your wallet and perform your transactions with caution.
