What is a Red Packet and How to Create Red Packets on Binance?

What is a Red Packet?

Red Packet is a feature of Binance Pay that allows you to send fun crypto gifts to your friends. You can create a Red Packet that consists of a random or fixed amount of tokens and share it with a group of friends. They can claim it with a code on the Binance app or website to get the crypto you put in the Red Packet.

How to create a Red Packet on the Binance app?

1. Log in to your Binance app and tap the [Pay] icon. Select [Red Packet].

2. Go to [Send] and tap [Create Now]. Choose a distribution method ([Random] or [Fixed]).

If you choose [Random], enter the number of gifts, the total amount of crypto to send, and a message for your recipients.

If you choose [Fixed], enter the number of gifts and the amount of crypto you wish to send. The system will automatically calculate the total amount you need to pay. Then, enter a message and tap [Continue].

3. Confirm your payment details and tap [Confirm].

4. Verify with passkey or 2FA to confirm payment.

5. A code will be generated for your Red Packet. You can share the code with your friends by copying the code, or tapping [Save QR Code] or [Share Link] and send it to them. Your friends can then claim your Red Packet on the Binance app or website.

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