How to use Binance Pay to send crypto to friends for free?

Understanding Binance Pay Integration

1. Binance Pay is a non-custodial, blockchain-agnostic payment solution built directly into the Binance ecosystem. It allows users to initiate transfers without relying on traditional wallet addresses or QR code scanning for every transaction.

2. The service supports over 60 cryptocurrencies including BTC, ETH, BNB, USDT, and stablecoins pegged to major fiat currencies. Each supported asset operates through its native chain or compatible Layer-2 network, ensuring finality and traceability on-chain.

3. Users must complete identity verification up to at least Level 1 (KYC) before accessing Binance Pay. This includes submitting a government-issued ID and completing facial recognition. Without verification, the Pay function remains disabled.

4. A Binance account must be linked to an active email and mobile number. Two-factor authentication (2FA) via Google Authenticator or SMS is mandatory to authorize outgoing payments.

Navigating the Sending Interface

1. Launch the Binance app and tap the “Pay” icon located in the bottom navigation bar. The interface displays recent contacts, saved payees, and a search bar for new recipients.

2. To send crypto to a friend, enter their registered email address or phone number associated with their Binance account. The system validates existence in real time using Binance’s internal user directory.

3. Select the desired cryptocurrency and input the exact amount. The app displays the equivalent fiat value based on live market rates, updated every 3 seconds.

4. Confirm the transaction by entering your 2FA code or approving via biometric prompt. No gas fee is charged because Binance Pay uses internal ledger settlement for same-platform transfers.

On-Chain vs Internal Settlement

1. When both sender and receiver hold verified Binance accounts, the transfer occurs off-chain using Binance’s proprietary balance ledger. This eliminates blockchain congestion and confirms instantly.

2. If the recipient does not have a Binance account, the system generates a unique, time-limited payment link. The link contains encrypted metadata: asset type, amount, expiration window (default 24 hours), and source identifier.

3. The link can be shared via messaging apps or email. Upon claim, the recipient must register or log in to Binance, after which the asset is credited directly to their spot wallet.

4. External withdrawals — where funds move from Binance Pay to a third-party wallet — incur standard network fees determined by the target blockchain’s current gas conditions.

Security Protocols and Limitations

1. Daily sending limits are dynamically calculated based on KYC level, account age, and historical activity. Unverified users face a hard cap of $10 per day; Level 2 verified accounts may reach $50,000 daily.

2. All transactions generate immutable audit logs visible under “Transaction History” > “Binance Pay”. Each record includes timestamp, counterparty hash, asset ticker, and internal reference ID.

3. Binance Pay prohibits transfers involving sanctioned jurisdictions, high-risk VASPs, or wallets flagged by Chainalysis or TRM Labs. Attempts trigger automatic hold and manual review.

4. Refunds are unsupported once confirmed. If sent to an incorrect email or number, users must contact the intended recipient directly — Binance cannot reverse internal ledger entries.

Frequently Asked Questions

Q: Can I send crypto via Binance Pay to someone who uses Coinbase or Kraken?Yes, but only if they accept the payment link and complete Binance registration. Direct cross-platform wallet transfers are not supported.

Q: Why does my Binance Pay transaction show “Pending” for more than two minutes?This indicates the recipient has not yet claimed the link or lacks sufficient KYC verification. Internal ledger updates require both parties to meet compliance thresholds.

Q: Is there a minimum amount I can send using Binance Pay?The minimum varies per asset: 0.00001 BTC, 0.001 ETH, 0.01 BNB, and $1.00 for all stablecoins. Amounts below these thresholds fail validation before submission.

Q: Do I need to pay network fees when sending USDT via Binance Pay to another Binance user?No. Internal USDT transfers between verified Binance accounts incur zero network fees regardless of whether the token is on ERC-20, BEP-20, or TRC-20.