Crypto Box from Binance is free in 2024

This Binance feature allows you to send cryptocurrency to friends without commission. The user specifies the number of coins for the gift, the algorithm gives a password. There is no commission to pay for the creation and activation of the crypto box. Codes for Crypto Box from Binance to receive in 2024 are published on the exchange, in private Telegram channels, on forums. Most of the gifts are symbolic, but sometimes it is possible to win good prizes.

Definition of what Crypto Box from Binance is

In February 2021, the Binance exchange launched its own service for accepting payments. The first store to integrate Binance Pay was travel marketplace Travala. In the app, users were able to buy tickets for cryptocurrency.

Also, Binance Pay allows exchange customers to exchange coins for free (from $0.1 in equivalent). To do this, you need to create a Crypto Box and send a friend a code to activate it.

The option is used by regular traders, administrators of crypto sites for marketing promotions and the Binance exchange. The terms and conditions are as follows:

• The service is provided to verified clients after connecting two-factor authentication.
• You can create a “box” on the Binance website or in the app.
• To open the gift, you need to enter the code.
• You can activate the crypto box only once.
• After 10 incorrect attempts, the account will be blocked for security purposes for 5 hours.

Actual codes for crypto boxes in 2024

You can get a gift on the Binance website. The exchange regularly holds promotions aimed at attracting new users and increasing the activity of existing customers. Information about the launch should be tracked on the page with promotions and contests. For example, in June 2023, Binance gave away crypto boxes for $1-3 for sending coins (minimum $0.01) using the Binance Pay service.

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In July 2023, there is a Red Packet promotion for customers. The code should be requested on the event page. The reward is small – $0.01, but if you copy the referral link and share it with friends, you can increase the prize up to $50.

Active participants claim an additional bonus. The leaderboard is published on the promotion page.

Codes can also be found on other resources. Details – in the table.

Description of creating a crypto box

A gift box can be collected by any user – to send to friends or draw prizes on their own channel. The option is available on the Binance website and in the mobile app. The instructions are as follows:

1. Go to the Pay section.
2. Select the “Cryptobox” menu.
3. Open “Send” and click on “Create Now”.
4. Specify the coin.
5. Choose the type of box creation – random or fixed. In the first case, you need to set the total value of tokens for all “boxes” and their number. In the second case, you will need to enter the exact volume of cryptocurrency.
6. Check the data and click on the “Continue” button.
7. A new window with payment data will appear. It is necessary to check the form and sign the transaction – enter passwords from SMS, e-mail and Google Authenticator.

A code will be generated for the gift. It can be copied or use the “Share” button to send to the recipient in social networks. In the public domain, promo codes for free crypto boxes from Binance are placed only for drawings among site visitors.

If the gift is intended for a friend, the password should be sent in private messages. This ensures that only the person to whom it is addressed gets access to the “box”.

Receiving a gift

To unpack the “box” you need to log in to your account on the website or in the mobile app. The process is the same in both versions, except for the location of the Pay section. The general instructions are as follows:

1. Log in to your account and go to the Pay page.
2. Select “Cryptobox.”
3. Click on the “Get” button and enter the code.
4. An image of the box and the “Open” button will appear on the screen. In case of an error, you need to enter the code again.
5. Press the Open button. Information about the reward you have received will appear on the screen.
6. You can see detailed information about the gift if you click on the “Reward Information” button.

On the site

Binance Pay is a secure cryptocurrency payment service. You can open the box creation page on the exchange’s website as follows:

1. Click on the “More Details” button in the toolbar.
2. Go to the “Pay” block.
3. On the page that opens, select the “Crypto Box” section.

In the app.

Most traders use Binance Pay in the mobile client. This allows you to scan a QR code for payment with your phone’s camera. To access the Crypto Box functionality you need to:

1. Open the app and click on the icon with the little man (profile).
2. Select the Pay section and then “Crypto Box”.

Frequently asked questions

🔥 Can the gift cryptocurrency be exchanged for fiat?

The amount from the “box” will be credited to the Binance customer’s balance. Tokens can be exchanged to the national currency in a convenient way.

🔔 Do crypto boxes have an expiration date?

The gift must be activated within 24 hours. Unclaimed boxes are canceled, the amount is returned to the sender’s balance.

🎁 How can I see information about sent gifts?

Transaction history is available on the Crypto Box page in the Pay menu. You need to select the Send/Receive direction and click on the icon at the top of the screen.

📢 Can the user gift the “box”?

Yes. You only need to know the code to activate the gift. Anyone who enters the correct combination will receive the cryptocurrency.

⚡ Why do you need crypto boxes if you can transfer coins for free by Binance account ID?

The option is used to conduct draws when the sender does not know the wallet address or account ID of the recipient.

✨ Why does Binance give away cryptocurrency?

This is part of the marketing strategy. Users invite new customers and log in to the exchange every day. Some of them will appreciate the available set of tools and attractive trading conditions.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.