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Advantages of using Binance Pay' for making payments

  • Thread starter Thread starter Sincerem
  • Start date Start date
Is this a separate app from the Binance app that we use to trade? And is it only binance to binance, or binance to external exchanges? Do clarify please.
 
The complexity surrounding the registration on the use of binance has canceled anything advantage of binance to me
 
Binance company is taking making crypro currency easy to use for every body. After buying trustwalllet they made a crypto currency payment processor that will be easy for use
 
Binance he is a very good means of making payment and also the fact that you can select a particular coin that you want to send and be rest assured it will not reduce in value.
 
I've never bought on Binance before so I don't really know about Binance Pay. I've always used Binance to sell or hodl whatever coins I gather from PTP sites and P2E stuffs.
 
I think binance application for pay is very easy because many are using the application for transaction it will really get easy, binance application make it easier transaction.
 
I've not really carried out the transaction through binance pay even though I have a verified binance account but I will do that very soon when the need arises.
 
When it comes to cryptocurrency related issue, for me I honestly think that binance is The best due to some factors which I believe makes them stand out, especially there p2p feature and the site interface is also easy to use
 
A very lucrative way to make payments at any time, thanks for sharing these information,I have a binance wallet and wish to learn more about the benefits of binance
 
I learnt about Binance pay when I was receiving my payment from Trendri. It has been a great payment system for me and it is going well. The transactions are really first, but you have to wait 12 hours before you can use the money.
 
This is actually a new idea about the mode of payment using binance,because i have not heard about binance pay before,and it would be very much good and ok for someone to actually use the feature to do transaction as it ould eliminate the issue of delay.
 
Binance pay is very much fast and secured but it has a disadvantage which Binance core team needs to improve, which is the delay for the coins being exchange to on-spot wallet.
 
Sincerem said:
Binance Pay application have made it very easier for Binance users to make fast and secured payments freely without any obscurity hindering the transaction or delaying payments.

Binance Pay advantages are as follows;

* It enables contactless, and border-less payments to friends, family members and love ones using Binance Pay feature.

* Crypto payments with Binance Pay is very fast, secured with one tap send option. By imputing six digits ID code, you don't need to type long address code to enable payment using Binance Pay feature.

* With Binance Pay you can initiate 100s of transactions faster than using the normal address code method that is marred with delay.

* Receiving Crypto payment using Binance Pay is one time. Immediately the sender tap's "send, the payment gets to the recipient immediately.
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Thanks for this wonderful information about binance pay. It's the first time for me to hear about binance pay. I have a binance account but I have not experienced or seen this feature about binance pay.
 
Thanks for the info, really quite informative too although I've yet to make use of binance pay but it's definitely worth checking out because like you've stated the benefits are quite good too
 
jeff87 said:
Thanks for this wonderful information about binance pay. It's the first time for me to hear about binance pay. I have a binance account but I have not experienced or seen this feature about binance pay.
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The feature of Binance pay is simply written as Pay when you click on the view wallet sub section via your Binance account. Search from the right, you'll get to see it after seeing other options around your on-spot wallet.
 
I have heard of the binance pay application but I haven't tried it yet. I use an exchange that doesn't give me the me a second choice when it comes to cryptocurrency exchange platforms. The services I enjoyed is second to none and I am very comfortable using the exchange to cashout my crypto earnings.
 
I have used Binance Pay to receive payment but I have never used Bnance pay to send payment. I think it is quite easier to send crypto payment through Binance pay ID compared to sending to the address.
 
Nomad said:
I have used Binance Pay to receive payment but I have never used Bnance pay to send payment. I think it is quite easier to send crypto payment through Binance pay ID compared to sending to the address.
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Yes, it's easier using both send, and receive option for Binance pay. Earlier on when you receive funds from Binance pay, it stays 12 hours before going into your spot wallet. But recently it isn't like that again, it's simply straightforward into your spot wallet.
 
How does the transaction fee Binance pay and sending via a wallet compare? is Binance pay cheaper than sending via a wallet address. How do you choose th currency to send through Binance Pay?
 
I have seen the poster receiving payment using this method. But I don't know if the payment will be done in dollar or BNB coins. I will be glad to be answered.
 
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