Opening Binance Pay for the first time may seem confusing, but this screen shows something key: Binance is not just for trading, it's also a tool for daily payments. Here you are in the Pay section, the hub from which you can send, receive, and manage digital money without leaving the Binance ecosystem and without needing advanced technical knowledge.
At the top, your Binance ID appears, which functions as an internal identifier for transfers between users, similar to an account number, but without exposing sensitive data. Just below, you see two main paths: send to another Binance user, ideal for instant, fee-free on-chain payments, and on-chain transfers, designed for sending funds to wallets outside Binance. This distinction is fundamental to avoid mistakes and unnecessary costs.
Further down are quick functions: receive payments, send funds, convert currencies, make multiple transfers, or even schedule recurring payments—useful for periodic payments. Options like Earn Flexible are also integrated, connecting your funds with yield-generating products, and rewards such as Red Envelopes explain why small USDT inflows appear in your history: they are incentives for usage, campaigns, or internal dynamics.
The Transactions section closes the loop, allowing you to audit every movement and understand where each cent comes from. For a new user, this screen teaches a key lesson: Binance Pay is a bridge between everyday use and the crypto world, where paying, receiving, and managing funds is as important as trading.
If you want to learn how to use Binance beyond trading, understand every button, and avoid common mistakes from the start, follow this profile. Here, confusing screens are turned into clear and useful knowledge.
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