Our new Redeem and Convert to Fiat feature allows users to redeem their gift cards and easily convert the cryptocurrencies they contain into selected fiat currencies in a few easy steps, without any fees.
Redeem and Convert to Fiat is a new feature that allows gift card recipients to convert their Binance Gift Card to select fiat currency.
The Binance Gift Card is a customizable gift idea that allows you to send and receive cryptocurrency to anyone, even if they are not a Binance user. When the recipient of your gift card redeems the card code, the cryptocurrencies will be fully credited to their Binance Funds wallet.
Gift card recipients can choose Ecuador Mobile Number List how they want to redeem their Binance gift card, and the Redeem and Convert to Fiat feature is one of the newly added options. Additionally, the Binance gift card is also a great way to give those crypto-curious friends a nudge to start their crypto adventure on Binance .
What is the Redeem and Convert to Fiat feature?
Introducing the Redeem and Convert to Fiat feature, a feature that allows you and your gift card recipients to redeem cryptocurrencies and convert them to your preferred fiat currency, with just a few steps from the Binance app. Fiat currencies available for conversion include UAH, PHP, VND, INR and IDR. Stay tuned because we will be adding more fiat currencies soon!
Advantages of the Redeem and Convert to Fiat feature
No fees : By receiving a Binance gift card, you can redeem and convert cryptocurrencies to local fiat currencies with no fees. If you are the sender, you can enjoy zero fees when you create and send a gift card to a friend too.
Fast – Every step of the crypto to fiat swap process can be done entirely in the Binance app. The steps are quick and easy, so users who are new to the world of cryptocurrencies will also be able to do them without problems. Additionally, when converting to fiat currencies, your order will be automatically created and matched based on the best cryptocurrency price available on the P2P market, saving you time and effort.
Flexible – As the name suggests, this feature gives your gift card recipient the flexibility to choose whether they want to receive cryptocurrency or cash. Additionally, Binance gift cards have no expiration date, so the recipient of your gift card can choose to redeem and convert your gift card to a fiat currency whenever they want.
How to collect your gift card
Log in to your Binance app and select the Gift Card Applet in your [Profile] section . Next, select [Redeem] and tap [Redeem and convert to fiat] to start cashing out your Binance gift card in your preferred fiat currency.
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