Recently, a new feature was introduced on Binance Pay called crypto box. This new feature enables users to send amazing crypto gifts to their friends across the world.
In case you are wondering what is a crypto box? or how you can a crypto box, we will be explaining all that in this article and also show you how you can create a crypto box for yourself. Let’s proceed.
What exactly is a Crypto Box?
A crypto box allows users to send delightful cryptocurrency presents to their friends. You may create and share a Crypto Box with a group of friends. When they use the box code to claim the gifts on the Binance App, they will receive a random amount of the cryptocurrency you placed in the Box.
How to create a Crypto Box?
- Open the Binance App and navigate to [Wallets] – [Funding] – [Pay]. Then select [Crypto Box] – [Create] – [Create Now] from the menu.
- Enter the Total Amount of the Box, the Total Number of Gifts, and the Gift Wishes. Continue by tapping [Continue].
- Verify your payment information by tapping [Confirm].
- Confirm your payment by entering your Pay PIN.
- A box code for your Crypto Box will be generated. By clicking [Copy Code], [Share Image], or [Save Image], you may share the box code with your friends. Your friends can then use the Binance App to claim their Crypto Box.
Kindly share your box code with only your intended recipients, as anybody who has it can claim your gift box.
How to claim a Crypto Box?
- Open the Binance App and navigate to [Wallets] – [Funding] – [Pay]. Following that, tap [Crypto Box] – [Claim]. Tap [Claim Now] after entering the box code.
- To claim the Crypto Box, tap [Open].
- The quantity of cryptocurrency claimed from the Box will be displayed. Your Funding Wallet balance will be credited with the claimed cryptocurrency.
Please keep in mind:
- If you surpass the limit number of incorrect box code attempts, a timeout period for claiming Crypto Boxes will be imposed. Kindly verify that the box code you entered is correct.
- Multiple claims for the same Crypto Box from the same user are not permitted.
- Once a Crypto Box has been fully redeemed, it cannot be claimed.
For security reasons, your account will be locked for five hours following ten consecutive failed attempts to enter box codes. After locking your account, you will be unable to claim any Crypto Boxes.
Is Crypto Box going to expire?
All Crypto Boxes have a 24-hour validity period. After 24 hours, any remaining presents will be refunded to the box owner’s Funding Wallet.
Is it possible to convert the claimed cryptocurrency to fiat currency?
Crypto Box will credit your Funding Wallet with the cryptocurrency you claimed. You can then transfer the funds to your Currency or Spot Wallet and cash out using the fiat methods available in your country.
Please keep in mind that if you disclose your Crypto Box code publicly, such as on social networking sites, it is possible for others to obtain the code and claim your Crypto Box. As a result, please limit disclosure of the box code to your intended recipients.
Disclaimer
Binance retains the right to halt any Crypto Box activity, restore monies to the originating owner, and also ban any users participating in any problematic acts.
(*For the convenience of users, the Disclaimer may be translated into multiple languages. In the event of a discrepancy between the English and other language versions, the English version must prevail.)
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