Complete Guide: How to Create and Redeem Red Packets on Binance

Binance Pay’s Red Packet feature offers a fun way to share crypto gifts with your friends. With red packets, you can send a certain amount of tokens in either random or equal denominations to a group of recipients, who can easily claim them using a unique code or shared link.

What Is a Red Packet on Binance Pay?

A Red Packet is a gift-giving function integrated into Binance Pay, allowing users to create and distribute cryptocurrencies instantly. This concept is similar to digital red envelopes, where you set a total amount and number of recipients, and the system automatically divides the gift. Each red packet is protected with a unique code that only the designated recipients can use, ensuring transaction security.

How to Create a Red Packet in the Binance App

The process is designed for maximum user convenience. Here is the complete flow to create your red packet:

Start by opening the Binance app and navigating to the Pay menu, where you’ll find the Envelope option. Select Send and click the Create Now button to begin creating a new red packet.

Next, choose the distribution method for your red packet. There are two main options: Random or Fixed. If you select Random mode, enter the total amount you want to distribute, the total crypto value for the red packet, and a personal message for recipients. The system will automatically allocate varying amounts to each recipient. Alternatively, choose Fixed mode if you want each recipient to receive the same amount. Enter the number of gifts and the value per gift, and the system will automatically calculate the total payment required.

After setting the red packet parameters, enter your personal message and proceed to the confirmation step. Carefully review all transaction details on the verification screen, including total amount, number of recipients, and other payment information. Click Confirm to continue.

How to Redeem a Red Packet Safely

As an extra security step, Binance requires you to verify your identity via password or two-factor authentication (2FA) before confirming the red packet payment. This verification ensures that only the account owner can send gifts.

Once verified, the system will generate a unique code for your red packet. You can share this code in several ways: copy the code directly, save the QR code for sharing via image, or use the Share Link feature to send it through messages. Recipients can redeem their red packets using one of these methods through the Binance app or website.

Security Tips for Red Packet Users

An important reminder is to keep your red packet code confidential. Anyone with access to the code can claim the crypto gift inside, so share the code privately only with your intended recipients. Never share red packet codes in public forums, social media, or places accessible to others.

This feature is designed to provide a safe and enjoyable gifting experience within the Binance Pay ecosystem. By following these guidelines, you can confidently create and distribute red packets to friends and family with ease.