How to send bitcoin from binance wallet to another wallet

Main Takeaways

  • Crypto has changed the way transfers and payments are made.

  • Binance Pay is a convenient, borderless, and secure way to transfer crypto from the comfort of your own phone.

  • The new Pay feature lets you send crypto to anyone, even sendees who are not using Binance Pay.

  • Learn how to send crypto instantly from your phone with Binance Pay.

With the digital revolution, the world can now send money anywhere with little to no fuss. Learn about the benefits of sending crypto on Binance, and find out how you can send crypto gifts to anyone, even non-Binance users, just by using the Binance app.

With the advent of blockchain comes the disruption of payment infrastructure. Instead of relying on slow, costly traditional financial systems to send money, you can now opt to use peer-to-peer platform services to transfer crypto anytime, anywhere. Binance is one such platform that offers a great user experience for both novice and experienced crypto holders in the form of Binance Pay.

Binance Pay is a borderless, secure user-to-user crypto payment feature on the Binance app that allows anyone to send money anywhere. Find out more about the benefits of using Binance Pay to send crypto to your friends and family below.

Benefits of Using Binance Pay to Send Crypto

1. Borderless

Binance Pay allows you to instantly send and receive crypto across the globe. As long as you and your recipient have access to the free Binance app, you can send crypto anywhere around the world. International money transfers that typically require access to financial facilities can be done with the touch of a button on the Binance app.

2. Instant payment 

Unlike traditional money transfer systems that require some time to process and send, you can send crypto online instantly with Binance Pay. Typically, delayed money transfers are caused by bank holidays, multiple intermediaries, missing paperwork, and other factors. Binance Pay operates on a user-to-user basis to avoid these types of delays, therefore allowing speedier transfers for you to get your crypto across faster. You can even send crypto to someone on the spot by scanning their Binance Pay QR code with your Binance app, making it a good payment option to offer if you are a merchant looking to accept cryptocurrencies as payment. 

3. 300+ cryptocurrencies to choose from

Binance Pay offers a wide variety of cryptocurrencies to pick from. With over 300 cryptocurrencies supported, you can select your favorite crypto to send or receive. 

4. Zero fee

Binance Pay allows users to send and receive crypto without incurring any fees or charges, no matter how little or how much crypto you send. Traditional money transfer fees can add up because of handling charges, foreign exchange charges, and other miscellaneous fees. Generally, the more intermediaries there are between you and your recipient, the higher the fees. Binance Pay facilitates user-to-user transfers, which means that there are no intermediaries or fees that come with them. 

5. Send to non-Binance users instantly

You can also transfer crypto to non-Binance users as long as they have access to the internet and a smartphone with the Binance app. This allows you to invite others who are not using the Binance app to start doing so, allowing for a breezy crypto transfer between you and your friend in the future.

With Binance Pay, digital payments will slowly become an integral part of everyday life. Curious about how Binance Pay lets you send crypto to non-Binance users? Read on to find out.

How to Send Crypto to Non-Binance Users

Binance Pay allows you to send crypto from the comfort of your own phone. Use the Binance app to transfer crypto in a few simple steps.

Step 1: Go to your Binance app, tap on Binance Pay and click ‘Send’.

Step 2: Enter your recipient’s email address, phone number, or Pay ID and click ‘Continue’.

Step 3: You will be notified if your recipient is not a Binance user. Click ‘Continue’ to move on to the next step.

Step 4: Choose your preferred currency and amount you want to send and click ‘Continue. You can also choose to include an optional note with your transfer.

Step 5: Check that all details are correct and click ‘Confirm’.

Step 6: Once you see a payment success screen, click ‘Done’.

Once you have completed the steps, your sendee will receive a notification in their email inbox or phone, depending on which information you provided in Step 2. In order to receive your crypto, they will have to create a Binance account and activate Binance Pay with the same email address or phone number that you have provided. 

Conclusion

With speedier transfers and zero platform fees, Binance Pay is an optimal solution for sending crypto to anyone, anywhere. As cryptocurrency and blockchain continue to disrupt the money transfer business, it is only a matter of time before it becomes the preferred mode of transfer and payments. Get ahead of the curve, and learn how Binance Pay can make your life easier.

Read the following helpful articles for more information:

Introduction

Binance Wallet is the official Binance cryptocurrency wallet for accessing BNB Smart Chain (BSC), BNB Beacon Chain, and Ethereum. You can use it to securely store your crypto and connect to thousands of projects across different blockchains. 

Whether you’re looking to swap BNB for other tokens, mint NFTs, or do yield farming, you can easily do it all with the browser extension wallet. The Binance Wallet currently supports Chrome, Firefox, Edge, and Brave.

What makes Binance Wallet unique?

At first glance, Binance Wallet looks similar to other extension-based wallets. There are, however, a few features that differentiate Binance Wallet from the rest. If you already have a Binance account, you can easily link it to your wallet with Wallet Direct. This feature saves you from copying and pasting addresses when transferring digital assets between the two.

You can also use your Gmail account to sign up for the wallet through tKey. If you lose access to your wallet, you can recover it by accessing two out of the three following methods:

  1. Through your Gmail login

  2. By using your local device

  3. With your account password created during set-up

Keeping your private keys secure is a big responsibility, so using tKey can be helpful.

These two features make Binance Wallet extremely easy for anyone not too familiar with crypto wallets to get started right away.

Setting up Binance Wallet

1. Download the Binance Wallet on the BNB Chain page. Simply pick the browser that you want to install the extension to.

2. After installing the extension, you will see the sign-up page. In this example, we’re going to create a brand new wallet with a Gmail account. 

Note: You can also use an existing crypto wallet if you have your original seed phrase or tKey login credentials.

3. Click [Create Wallet] and then select [Continue with tKey via: G].

4. A pop-up will appear asking you to log in using Gmail. tKey and Binance Wallet will use your Gmail account as a way of authenticating your identity in the future if needed.

5. The next step is to create a password that can act as a second layer of protection should you lose your private key.

6. You will now see your Binance Wallet seed phrase, which you can use to recover your account. You also have the option to create your own seed phrase. Altogether, the phrase should contain 12, 15, 18, 21, or 24 words.

You should never share your seed phrase with anyone. Treat it similar to a banking account password or pin. If you lose it, you can still gain access to your Binance Wallet using your email address in combination with your tKey password.

7. Click continue once you are sure that you have securely stored the seed phrase.

8. You have successfully set up your Binance Wallet. You can now use it to send and receive BSC, BNB Beacon Chain, and Ethereum tokens. You can also interact with DApps and smart contracts on these blockchains.

Depositing BNB with Wallet Direct

If you want to use and interact with the  BNB Smart Chain (BSC) network, having some BNB in your wallet is essential. You can pay transaction fees with BNB when making transfers and interacting with smart contracts. There are two types of BNB tokens: BEP-20 and BEP-2. Since we want to interact with BSC in this case, we have to use BNB BEP-20 tokens

If you already have some BNB in your Binance spot wallet, you can connect your account with your Binance Wallet using the [Wallet Direct] feature.

1. Click the small icon on the BNB Wallet, and then click [Wallet Direct].

2. Log in to your Binance account and click [Verify and connect my address].

3. You’ll now see a pop-up asking you to [Connect to wallet]. Clicking this will open up Binance Wallet, where you can click [Connect].

4. Next, you will need to give permission for your wallet to sign Binance’s message. This step verifies you are the owner of the wallet and permits it to connect.

5. Once you have completed the previous steps, you will have to go through Binance’s authentication process as a final layer of security. If you have 2FA linked to your account, you will also have to use it.

6. After successful verification, your Binance account will be linked to your wallet. You can see this in the account section of your wallet or on the Wallet Direct webpage.

7. To start transferring funds from your Binance account, click the [Receive] button and choose [Wallet Direct].

8. You’ll now see the balance of your available assets to transfer.

Depositing from another wallet

You can also deposit directly from another wallet. In this example, we will transfer BNB from our Binance account wallet to the Binance Wallet. 

1. On your Binance Wallet, click [Receive] and then [Address or QR Code]. You will now see a QR code that you can scan or an address to copy for your withdrawing wallet. Then copy the address. Note that all BEP-20 addresses start with 0x, whereas BEP-2 addresses start with bnb.

2. Go to your Binance account withdrawal page. First, paste the address copied in the previous step. Then, select the BEP-20 (BSC) network.

Adding new tokens to your Binance Wallet list

1. After setting up your Binance Wallet, you will by default only see your BNB balance. You can add more coins by searching from the list available by clicking the [+] button.

2. Look for the token you want to add and click the check box. In this example, we’ve added Binance-Peg Ether. Your wallet will still accept deposits of a token even if you haven’t checked it on the list. Checking a token simply makes the balance visible.

Connecting Binance Wallet to BNB Smart Chain 

It’s easy to interact with BNB Smart Chain using your Binance Wallet. It only takes a couple of clicks, and you can get started staking, swapping, and interacting with DApps. Let’s take a look at how to connect with PancakeSwap. Almost all DApps will have the same UI for connecting your wallet.

1. Click the [Connect] button in the top right corner of the screen.

2. Select [Binance Wallet]. Note that not every DApp supports the use of Binance Wallet.

3. A pop-up will appear asking if you want to connect to the DApp. Click the [Connect] button to confirm.

4. Your wallet address should now appear in the top right corner.

Closing thoughts

Binance Wallet is an excellent choice of crypto wallet, especially for those who already have a Binance account. It’s easy to feel a little nervous when sending crypto assets and dealing with addresses, so making the most of Wallet Connect is a good idea. The same goes with private keys and seed phrases. It’s a big obstacle for anyone new to crypto, so making wallets as easy to use as possible is a great way of joining crypto and DeFi.

Further reading

Written by Jane