Binance.US Launches Zero-Fee Payment Service For Mobile App Users

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Brian Shroder; Photo Source: Binance.US

Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.

The Pay feature was implemented by Binance’s global exchange for non-US customers in 2021. According to Binance.US’ blog post, clients can use the Pay feature for over 150 tokens. This service can only be accessed by users who have completed the identity verification process. 

The exchange specified that users can transfer crypto funds up to 10 times every 24 hours through "Pay." Binance.US has set $1M as the maximum daily limit for sending or receiving crypto assets.



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It is worth noting that the Pay feature is only supported by Binance.US’ mobile app. Binance.US will launch a web version of this feature at a later date.

Binance.US has been ramping up its efforts to draw more customers to the platform amid the crypto winter. In October, the exchange added support for staking VeChain tokens. Binance’s US subsidiary recently waived spot trading fees for certain Ethereum (ETH) pairs. 

Referring to the bearish trend of the crypto market, Changpeng Zhao, the CEO of Binance, called it a "historic moment" for the crypto industry and affirmed that Binance will “survive any crypto winter.”

Written by
Ayush Pande

Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.

The Pay feature was implemented by Binance’s global exchange for non-US customers in 2021. According to Binance.US’ blog post, clients can use the Pay feature for over 150 tokens. This service can only be accessed by users who have completed the identity verification process. 

The exchange specified that users can transfer crypto funds up to 10 times every 24 hours through "Pay." Binance.US has set $1M as the maximum daily limit for sending or receiving crypto assets.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


It is worth noting that the Pay feature is only supported by Binance.US’ mobile app. Binance.US will launch a web version of this feature at a later date.

Binance.US has been ramping up its efforts to draw more customers to the platform amid the crypto winter. In October, the exchange added support for staking VeChain tokens. Binance’s US subsidiary recently waived spot trading fees for certain Ethereum (ETH) pairs. 

Referring to the bearish trend of the crypto market, Changpeng Zhao, the CEO of Binance, called it a "historic moment" for the crypto industry and affirmed that Binance will “survive any crypto winter.”

Written by
Ayush Pande