Binance Gift Card Review: Overview
Binance Gift Card is a prepaid crypto voucher from Binance. According to the official Binance Gift Card page, it can be used for a variety of use cases, including crypto deposit and withdrawal on Binance, crypto transfer and loyalty rewards. Unlike retail gift card marketplaces, a Binance Gift Card carries crypto value that is loaded into a Binance account.
Binance states that, effective from 20 July 2023, creating gift cards is limited only to entity accounts which have passed KYB (Know Your Business) verification. Individual users can still redeem, add and check cards.
How It Works
- Redeem: Enter the redemption code — a 16-character sequence combining digits and letters (for example, A1BC23D4EFG78H56) — to claim the crypto value into your Binance account.
- Add Card: Add a card to your account using its redemption code.
- Check Card: Verify a card using its 16-digit card number (for example, 6235426643533012).
- For businesses: KYB-verified entities can create gift cards and use them for crypto solutions such as customer rewards. Details are on the Binance Gift Card for Business page.
Pros and Cons
Pros
- Prepaid crypto voucher issued directly by Binance.
- Simple redeem, add and check flows on one page.
- Multiple use cases: deposits, withdrawals, crypto transfers and loyalty rewards.
- Business programme for companies that want to reward customers in crypto.
Cons
- Card creation is restricted to KYB-verified entity accounts since 20 July 2023.
- Redemption requires a Binance account.
- Binance states it is not responsible for, and assumes no liability for, any unlawful conduct or fraud by any third party associated with any Gift Card.
Verdict
Binance Gift Card is a practical option if you already use Binance and receive crypto vouchers from a business or promotion. It is not a retail gift card shop, and individuals can no longer create cards themselves. Only redeem codes from sources you trust, as Binance does not cover third-party fraud.
Looking for other ways to spend or gift crypto? Compare Cryptorefills, Azteco, Crypto Voucher and CoinCorner, or browse the full crypto gift cards directory. To store redeemed crypto safely, see our guide to the Best Crypto Wallets.
FAQs
What is Binance Gift Card?
A prepaid crypto voucher that can be used for crypto deposit and withdrawal on Binance, crypto transfer and loyalty rewards.
Can I create a gift card?
Since 20 July 2023, creating gift cards is limited to entity accounts that have passed KYB verification.
How do I redeem a gift card?
Enter the 16-character redemption code on the Binance Gift Card page and select Redeem.
How do I check a gift card?
Use the Check Card option and enter the 16-digit card number.
Disclosure
This review is based on information published on the official Binance Gift Card website at the time of writing. Bitnxt may include tracked links. This content is for informational purposes only and is not financial advice. Always verify current terms on binance.com before use.
