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Another New Service from Binance to US Customers

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Another New Service from Binance to US Customers. Features for users outside the United States began in February 2021.

United States Binance customers can use the crypto exchange’s payment system, Binance Pay, to send money on their mobile app. The feature has been available to Binance customers outside the US since its launch in February 2021. At the time, Binance Founder and CEO Changpeng “CZ” Zhao said that payments were one of the “obvious use cases for cryptography”.

Binance Pay allows users to send, request, and receive nearly 150 different cryptocurrencies from other users, allowing instant crypto transfers without fees. The exchange recently dropped trading fees for bitcoin (BTC) and ethereum (ETH) to attract more users during a period of low crypto trading volume.

“Payments remove the complexity of transferring crypto and contacts as users no longer need to enter complex deposit or withdrawal addresses, pay for gas, or wait endlessly for transactions to complete . is well balanced,” the company said. Binance users will be able to use the feature immediately, and the exchange works in the web version.

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