It’s Christmastime, the season of giving. Binance.US came up with a brilliant idea. Instead of telling your friends and relatives to invest in crypto, you can give them crypto. What better way to start the holiday season than with the Crypto Box?
So, let’s take a look at what the Binance.US Crypto Box is all about. Below you can find a short video about this new feature, Crypto Box.
What Is Crypto Box?
Crypto Box is an addition to the Binance.US Pay feature. It allows you to gift crypto in an easy and convenient way. You can gift to only one person or many people at the same time. It’s currently only available on the Binance.US mobile app. A web version is in the pipeline, so keep an eye out for this.
To set up a Crypto Box, you can choose from over 150 different cryptocurrencies. You can also select if you want to send crypto to 1 or more people. Furthermore, once you have funded the Crypto Box, you can select to give a random or an equal amount to the receivers. You can find an extensive explanation by Binance.US on how to set up your Crypto Box and how to unpack it here.
The Pay feature already has three options, sending, requesting, and receiving digital assets. Now Binance.US added a fourth option, with the Crypto Box. This feature will be available all year round. However, it has an extra appeal over the holiday season.
One of the upcoming options for the Box will be that you can select a different design. This can either mark a special occasion or season or make an everyday moment more special.
Some extra features are, for example,
- No need for adding a deposit or withdrawal address.
- You don’t have to pay gas fees.
- There’s no need to wait for the transaction to go through.
Unwrap crypto this holiday season by giving a Crypto Box from #BinanceUS
Easily set up and send using Pay on https://t.co/AZwoBOgsqS
— Binance.US 🇺🇸 (@BinanceUS) December 21, 2022
Features of the Crypto Box
So, as we can see, the Crypto Box is an interesting and useful addition to the Pay feature. It brings some appealing features to the table as well. So, let’s recap those features. For instance,
- You can choose from the 150 cryptocurrencies that Binance.US supports.
- You can determine the amount of crypto you like to send.
- The number of recipients is also free to select. For example, you can select $20 to 4 people. Each gets $5 in the ‘Identical’ setting, or you can randomize it.
- After you complete your Crypto Box, you receive a unique URL and code. You can share the URL on social media with your friends or family. However, make sure you send the code in a private message or DM. If somebody can get his or her hands on the code, your gift may end up with the wrong people.
- The max limit of gifts is $5,000, and you can add up to 100 people as recipients.
- And best of all, there are no transaction fees.
The Pay feature on Binance just got better with the addition of the Crypto Box. For the moment, it’s only available at Binance US. However, plans to release it worldwide are in the making. Enjoy this new Crypto Box over the holiday season. It’s a perfect crypto gift.
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