A Binance Red Packet is a feature that allows users to send cryptocurrency gifts to others in an easy, fun, and convenient way. Similar to the tradition of giving red envelopes (hongbao) during holidays and celebrations, Binance has adopted this concept in the world of crypto.
Hereâs how it works:
1. Sending a Red Packet: Users can create a red packet by selecting a specific amount of cryptocurrency they want to give away. This could be Bitcoin, Ethereum, Binance Coin (BNB), or any other supported digital currency. The red packet can be sent to multiple recipients or just one individual.
2. Sharing: After creating the red packet, Binance provides a shareable link or QR code. This can be distributed through social media, messaging apps, or email. Anyone with the link can claim the cryptocurrency until the packet is empty.
3. Receiving: When someone clicks on the link or scans the QR code, they will be prompted to claim the red packet. If they have a Binance account, the funds will be added to their wallet. For those without an account, theyâll be guided to create one to receive their crypto gift.
