Surely you have heard about the concept of the gift card. After all, nowadays almost all retail stores use this solution. But did you know that it is possible to send gift cards containing cryptocurrencies? Yes it is! Thanks to the Binance exchange!
What is a Binance gift card?
A cryptocurrency gift card from Binance works similarly to gift cards available in traditional stores. The difference is that instead of the amount in fiat currencies, there are cryptocurrencies on the card (no worries, the recipient can easily convert them to fiat). This means that you can use it to give a friend digital assets as a gift. What’s more, he or she doesn’t even need to have a Binance account (however, must create one to receive the gift).
With the Binance gift card, it is possible to send more than 270 different digital assets available on the Binance exchange. What’s more, this type of transfer has no transaction fees. The sender can also choose from a variety of card designs personalized to specific occasions (no, it doesn’t have to be a bitcoin logo)
If you are active in affiliation, you can also attach a referral link to your card. Then if your friend creates an account through the gift card, he or she will automatically become your referral, and you will benefit from this in the form of lower transaction fees.
How to create, send and receive a Binance gift card?
Below you will find step-by-step instructions on how to create, send and receive a Binance gift card.
How to create and send a Binance gift card?
To send a Binance gift card, you must first have an account on the Binance exchange. If you don’t have one yet, you can create it by clicking on this link and following the on-screen instructions. Also remember to pass KYC verification. Once everything has been successful, follow the steps below to send a gift card:
➡ Log in to your account on the Binance app.
➡ Click on your profile icon located in the upper left corner. Then select “Gift Card” – “Send Gift.”
➡ Choose the cryptocurrency and the amount you want to transfer to a friend. Then decide on the appropriate card design.
➡ The last step is to click “Next” again and choose the card delivery channel. This can be by email, text message or simply a link that you will send to a friend on social media.
For more information on how to create and send Binance gift cards, visit the exchange’s official website at this link.
How to redeem a Binance gift card?
➡ Log in to the Binance app. Again, click on the profile icon, then “Gift Card”.
➡ Select “Redeem.” Now you will have two options. The first is “Redeem Gift Card or Binance Code.” The second is “Redeem and convert to fiat”.
➡ For the first option, enter the 16-digit code found on the gift card and click “Redeem” again.
➡ For the second option, you will have to select the fiat currency you want to convert the received cryptocurrencies into and its amount. You will then need to click “Next” and “Approve.”
Full instructions for redeeming Binance gift cards can be found on the official website of the exchange, at this link.
For what you can use a Binance gift card – 3 examples
A gift card from Binance can be used in many ways – not just to give a gift to a friend. It all depends on whether you want to use it as an individual or would like it to benefit your business. Here are 3 specific examples for using a Binance gift card:
Gift
A Binance gift card is a great idea for a unique gift. You can give it to both a crypto enthusiast and a person who has no clue about this world. And this is because Binance allows you to send a gift card to people who do not yet have an account.
It is important here to point out that redeeming the card requires just a few clicks of the mouse. This means that even the biggest layman can handle the process. What’s more, Binance does not charge any commission on such a transaction, and moreover, a new user can automatically become your referral.
Money transfer
As we have already mentioned, Binance gift cards can be used for other purposes than just giving a gift. For example, you can use them to complete a free crypto transfer regardless of the occasion and the location of the recipient. Importantly, Binance does not specify a minimum transfer amount.
For your company
If you have your own company you can also use a Binance gift card. With its help, for example, you can reward your employees with a bonuses. This is possible even if you run a large team of people – for this purpose Binance has created the “Bulk Create” function, which allows you to bulk create gift cards.
With Binance you can also automate the process of executing withdrawals, or bonuses. To do this, use the Binance Code API. You can find more information about it here.
Summary
Gift cards from Binance are a great way to gift cryptocurrencies to your friends. Importantly, they don’t have to be digital asset enthusiasts. You may be able to infect a whole new person with this hobby using the Binance exchange.
In addition to just sending gifts, such a card can also be used for free value transfer, or in your own business. Therefore, do not wait. Create an account on Binance today and enjoy the opportunities that this platform offers!