how to redeem gift card with binance

To redeem a gift card on Binance, create an account, verify your identity, navigate to "Fiat and Spot," select "Gift Card Redemption," enter your gift card details, and confirm to receive the equivalent cryptocurrency value in your account.

Oct 29, 2024 at 04:38 pm

How to Redeem a Gift Card using Binance

Binance offers an easy and convenient way to redeem gift cards and convert them into cryptocurrencies. Here's a step-by-step guide on how to do it:

Step 1: Create a Binance Account

If you don't have a Binance account yet, create one by visiting the official Binance website. You can sign up with your email address or mobile number.

Step 2: Verify Your Identity

To ensure compliance with anti-money laundering regulations, Binance requires users to complete identity verification before using certain services. This process involves submitting government-issued identification and proof of address.

Step 3: Go to "Fiat and Spot"

Once your account is verified, navigate to the "Fiat and Spot" section on the Binance homepage.

Step 4: Select "Gift Card Redemption"

On the "Fiat and Spot" page, click on the "Gift Card Redemption" option.

Step 5: Choose a Gift Card Type

Binance supports a wide range of gift cards from various retailers. Select the type of gift card you want to redeem.

Step 6: Enter Gift Card Details

Enter the amount of the gift card, the code printed on the gift card, and any other required details.

Step 7: Confirm Redemption

Review the details carefully and confirm the redemption by clicking on the "Confirm Redemption" button.

Step 8: Receive Cryptocurrencies

Once the redemption is complete, the equivalent cryptocurrency value of your gift card will be credited to your Binance account. You can then trade it for other cryptocurrencies or withdraw it.

Note:

• The minimum redemption amount for gift cards varies depending on the type of gift card.
• Binance charges a small processing fee for gift card redemptions.
• The cryptocurrency you receive after redemption may fluctuate in value, so it's important to monitor the market before trading or withdrawing it.