- By choosing phone contacts from inside the Binance app, users may transfer more than 300 cryptocurrencies straight to friends and family.
- Binance Pay makes cryptocurrency transfers as simple as contacting a buddy using Send via Contact.
Send via Contact and Send On-Chain are two new capabilities added to Binance Pay Send by Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange in the world in terms of both trading volume and user base. When combined, these improvements provide customers more convenient and adaptable options for sending cryptocurrency.
By choosing phone contacts from inside the Binance app, users may transfer more than 300 cryptocurrencies straight to friends and family without having to manually enter recipient information like email addresses, phone numbers, or Binance IDs. There are no gas fees and all transactions are finished promptly.
Binance Pay makes cryptocurrency transfers as simple as contacting a buddy using Send via Contact, which streamlines user-to-user transfers, lowers human input mistakes, and improves transaction accuracy. Users may invite the receiver to create a Binance account if they don’t already have one.
Additionally, transfer On-Chain eliminates the need to manually write lengthy wallet strings by enabling users to transfer cryptocurrency to external wallet addresses by either uploading an image or using Binance Pay’s scan feature to scan a QR code. Accuracy and security are improved by built-in protections such character similarity detection and confirmation prompts. This facilitates wider acceptance for daily usage by making on-chain payments more accessible, particularly for stablecoin users.
Jonathan Lim, Global Head of Binance Pay stated:
“With the launch of ‘Send via Contact’ and ‘Send On-Chain’, Binance Pay is making sending crypto even more intuitive and accessible by merging offchain and on-chain transfers onto one single platform. These features are part of our broader mission to bring everyday utility to digital assets and simplify the way people connect, pay, and transfer value globally.”
This upgrade to Binance Pay demonstrates Binance’s continued dedication to enhancing the practical applications of cryptocurrency with safe, approachable tools.
*Please be aware that, depending on legal and regulatory constraints, Binance Pay could not be accessible in certain countries or areas, including prohibited nations.
