Binance Pay feature is a contactless payment method that makes crypto payment more swift, secured in a decentralized way without obscurity of third party authorization. Payments made using Binance Pay feature doesn't take more than five seconds to reflect on the recipients Binance Pay wallet, which can be transferred back to the spot wallet immediately and trade it either for other coins or fiat currency.

HOW CAN I USE BINANCE PAY FOR TRANSACTIONS?

Provided you have account with Binance exchange platform you're eligible to use Binance Pay feature to transact crypto, but you must know that, your Binance exchange account must have a verified badge for you to be eligible to access the Pay feature. Meaning, you need to take the KYC verification process of Binance and get verified through it before you can be eligible to use Binance Pay.

DOES BINANCE PAY CHARGE TRANSACTION FEE?

NO, Binance Pay transactions are zero fees, Binance exchange doesn't deduct any of the pay user during transaction with another user, transactions are simply free of charge.

HOW CAN I USE BINANCE PAY 'SENDING AND RECEIVING COINS?

Very simple, just login to your Binance exchange account, simply search around the main interface of Binance, you'll see 'more options click there, search for the 'Binance Pay feature, you'll definitely see it there. Click on the option, when it has opened, simply create an account by creating a strong password, and that's all you need to set up your Binance Pay feature. After settling up your password you'll get to see your Binance Pay ID, the ID number is in numerical numbers which isn't more than six digits. That's the ID number you can use to receive coins from the sender, simply copy and paste the code to the merchant sending coins of any of the 40+ Cryptocurrencies included in the Binance Pay list. Or you simply scan the QR code using your device and sending it to the sender, then expect a swift payment that doesn't take more than five secs.

P.S Binance exchange CEO changpeng Zhao is working tremendously well with his executive team to make Binance Pay feature used as a primary payment option in most of the online businesses to make boarder-less and contact-less payment that is very swift, which will make cryptocurrency enthusiasts feel relaxed transacting crypto online without facing hassle transferring or receiving funds from merchants they offered services to, or purchased goods or items from.

Are you using Binance Pay for your cryptocurrency transactions at Binance?

If yes, what's your experience so far using the feature?