Binance Gift Cards offer a modern and flexible way to share the power of cryptocurrency with friends, family, or colleagues. They function as prepaid vouchers that can be loaded with various cryptocurrencies and sent to anyone, anywhere, providing a simple entry point into the digital asset world.
This guide explains what Binance Gift Cards are, how to send them, and answers the most common questions users have.
Understanding Binance Gift Cards
A Binance Gift Card is a prepaid cryptocurrency voucher. It's designed to make sending and receiving digital assets as easy as giving a traditional gift card. The sender purchases or creates a card with a specific cryptocurrency value, and the recipient can redeem it directly into their Binance funding wallet.
This system is versatile, supporting use cases like crypto on-ramping, payments, and rewards. Whether for a birthday, holiday, or as a reward, these gift cards provide a customizable and secure method for transferring value.
Key Features and Benefits
- Supported Cryptocurrencies: You can create gift cards with various major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
- Customizable Amounts: Senders have the flexibility to choose the exact amount of cryptocurrency they wish to gift.
- Global Access: Recipients can be located anywhere in the world. They only need a Binance account to redeem the card.
- Security: The cards are generated within Binance's secure ecosystem. The crypto value is held securely until the moment of redemption.
- Personalization: Many cards allow for personalized messages or designs, making them perfect for special occasions.
- Accessibility: The recipient does not need to be an existing Binance user at the time of sending, though they will need to create an account to claim the crypto.
👉 Explore easy gifting solutions with crypto
How to Send a Binance Gift Card to Another Account
The process of sending a gift card is straightforward. Note that as of recent updates, only verified corporate Binance accounts can create and send new gift cards. Personal accounts can still send existing cards they possess and redeem all cards.
Follow these steps to send a gift card you already own:
- Log In: Access your Binance App and navigate to your wallet. Tap on 【Assets】 -> 【Funding Wallet】 -> 【Gift Card】.
- View Your Cards: Select the 【User】 tab to see a list of all the gift cards currently in your account.
- Select a Card to Send: Choose the specific gift card you wish to send and tap the 【Send】 button.
Choose a Sending Method: You will be presented with options to send the card:
- Via Email: Enter the recipient's email address. You can add a personal message here.
- Via SMS: Send the card details directly to a phone number.
- To a Binance Account: Send it instantly using the recipient's registered Binance email or phone number.
- Preview and Confirm: Before finalizing, use the 【Preview】 option to review the message. Once everything looks correct, confirm the send action.
- Completion: The gift card will be sent immediately to the recipient.
Frequently Asked Questions
Q: Who can create a Binance Gift Card?
A: As of July 20, 2023, only verified corporate Binance accounts can create and send new gift cards. Personal accounts can still send cards they already hold and redeem any card. To create cards, you must register and verify a corporate account and sign a gift card issuance agreement.
Q: What is the maximum value for a single gift card?
A: The maximum value for a gift card created by a verified corporate account is 500 USDT (or its equivalent in another cryptocurrency) as of April 10, 2024.
Q: Do Binance Gift Cards expire?
A: Yes, for cards created on or after April 10, 2024, the expiration date is 6 months from the creation date. Cards created before this date do not have an expiration date. Always redeem your card before its expiry.
Q: I can't redeem my gift card. What should I do?
A: First, ensure you are using the correct 16-digit redemption code, not the gift card number. Second, check that the card has not expired. If problems persist, contact the sender of the card or Binance customer support for assistance.
Q: How can I check the status of my gift card?
A: Log into your Binance App, go to the 【Gift Card】 section, and then navigate to 【User Center】 -> 【Gift Card Record】. Here you can see if a card has been sent (added) or redeemed.
Q: Which countries are restricted from using gift cards?
A: Creating and redeeming gift cards is subject to local regulations. Generally, users in the United States, Canada, several European nations (e.g., Netherlands, France), Japan, and a number of other sanctioned territories are restricted. The list is updated frequently, so it's best to check the latest terms and conditions on the official Binance website for the most current information.
Conclusion
Binance Gift Cards are a practical and innovative tool for introducing others to cryptocurrency or for making simple, borderless transfers of value. They combine the familiarity of gift cards with the power of digital assets. Remember to be mindful of expiration dates for newer cards and always ensure you are following the correct steps for sending and redemption. For the smoothest experience, 👉 discover more about managing digital assets.