Binance.US rolls out fee-free instant settlement feature 'Pay'

Exchanges • December 14, 2022, 3:03AM EST

Quick Take

Binance.US introduced Pay, which allows users to send, request and receive crypto with instant settlement and zero fees.
Binance.US claims Pay — which already exists on Binance — was its top-requested feature.

Binance.US introduced a new feature, Pay, that allows users to send, request and receive crypto with instant settlement and zero fees.

The feature was rolled out to users of Binance's U.S.-specific subsidiary's mobile app on Dec. 13. A web version is planned for "the near future," according to an official blog post.

In addition to boasting zero transaction fees, Pay supports push notifications, request management, transaction histories, contact syncing and referrals. It supports nearly 150 cryptocurrencies, including obvious majors such as bitcoin and ether.

Binance.US claims Pay — which already exists on Binance — was its top-requested feature.

Earlier this month, Binance.US eliminated fees on spot ether trading for all customers. Six months prior, it similarly cut spot fees for bitcoin trading.

About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].