Giving loved ones the perfect opportunity to get into crypto (or grow their existing wealth) by giving them a Binance gift card, a great idea, isn’t it?
As the name suggests, Binance gift cards are a new way to help you or someone of your choice get into crypto. Primarily for first-time crypto users (but everyone else is welcome too!), Gift cards allow you to send and receive crypto via email or SMS. Gift cards also offer many customization options, including cryptocurrency and preferred amounts, personalized messages, and exclusive designs – all of these can be a way for you to show people you care, care about them and their interests, or as a way for you to express yourself .
In order for the sender to create a gift card, all they have to do is transfer an amount from their spot wallet to their sponsor wallet and then enter the desired token and amount on the Create and Confirm page with their 2FA code. As soon as the amount has been debited from your cash account, the gift card will be generated successfully without incurring any additional costs. You can also buy gift cards for others with just your email or phone!
Sending a gift card can be a separate process (but you will also be prompted to send it shortly after it is created). When you open the gift card page in your account, you can click the Send option, choose whether to send it via email or SMS, and then enter the required recipient information. It doesn’t matter if the recipient is already a Binance user – you can send the card to whoever and then help them sign up!
When you receive and redeem the money from the gift card, it is automatically transferred to your wallet. From there, you can simply transfer them to the wallet you want to trade and start trading. There’s no need to find a way to switch from personal wallets to exchanges, which makes it a lot more accessible to crypto newbies. There are also no redemption fees, so this is the perfect way to get started, with no hidden nasty surprises. The only thing to keep in mind is that to redeem the gift card, if you are not already registered with Binance, you must first register and complete the KYC process.
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Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
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