Binance has become one of the most popular cryptocurrency exchanges in the world. As a result, many people want to buy Binance Coin (BNB) and other coins listed on Binance but struggle to do so directly with fiat currency. An easy solution is to purchase a Binance gift card which can then be redeemed for credit on Binance to trade coins. This article will explore the best places to buy Binance gift cards.
What is a Binance Gift Card?
A Binance gift card is similar to any other gift voucher you may have used. It has a specific dollar value that can be redeemed for credit in your Binance account to then trade for cryptocurrencies like Bitcoin, Ethereum, and of course BNB. The gift card code redemption process is straightforward and once in your Binance account, the credit value acts just like any other deposit.
Benefits of Using a Binance Gift Card
There are several key reasons why purchasing a Binance gift card can be preferable to buying crypto directly:
- Easy and Fast
Getting set up on a crypto exchange can take time to verify ID and connect payments. A Binance gift card cuts this process short by allowing near-instant ability to fund your account and start trading. This is one of the main reasons why people tend to buy Binance gift cards.
- Anonymous
You don’t need an account or ID verification to redeem a Binance gift card. It offers added privacy compared to linking bank accounts or other personal payment methods. Nobody will be able to see how much you have in your gift card balance or how you use it.
- Wide Availability
Binance gift cards are available to purchase both online and often in-store at many major retailers globally compared to limited fiat on-ramps. More accessibility makes it simpler to buy. As you try to go for a Binance gift card buy, you will notice the options available.
- Discounted Value
Some gift card resellers offer discounted rates of around 5-10% compared to buying tokens directly through the Binance website resulting in significant savings, especially for larger purchases.
As you can see, the speed, privacy, availability, and potential cost savings make gift cards an easy recommendation for both beginner and advanced crypto traders alike. Now let’s explore the best places to purchase Binance gift cards.
Where to Buy Binance Gift Cards
Where to buy USDT Binance Gift Cards? Here are some of the best places that you can consider getting your gift cards.
Electronic First
Electronic First is a major online gift card retailer that offers Binance gift cards from $5. They allow purchases using credit, debit, or PayPal, making the buying process straightforward. Electronic First then emails you the claim code and redemption instructions instantly.
Let’s take a look at some of the Binance gift cards that you can find on Electronic First:
Some key advantages of using Electronic First include:
- Established Retailer – Electronic First has been selling gift cards for many years and has an excellent reputation for reliability and security for online payments.
- Electronic Delivery – No need to wait for shipping as the card code is delivered via email instantly after payment is processed. Allows near-instant redemption.
- Discount Value – Electronic First provides great value on gift cards compared to purchasing tokens through Binance directly. This can result in significant savings on large purchases.
For the fastest, most reliable and cost-effective experience purchasing Binance gift cards online, Electronic First is highly recommended. In other words, this is the cheapest way to buy USDT without any major transaction fees.
Other Gift Card Marketplaces
While Electronic First stands above the competition when it comes to buying Binance gift cards specifically, there are a handful of other established universal gift card marketplaces that sell Binance gift cards as well.
The selection and availability at these other retailers can vary. Discounts compared to direct Binance purchases may not be as significant as Electronic First options. But they are large reputable marketplaces where buyers can also obtain Binance gift cards digitally if so preferred.
If you want to buy USDT with PayPal, buy USDT with Google Pay, or buy USDT with a debit card, it is important to stick to a reliable platform. Otherwise, you will end up compromising your payment details.
P2P Marketplaces
Some independent sellers offer Binance gift cards on peer-to-peer marketplaces. From these platforms, buyers can shop for gift cards from individual sellers much like a stock exchange. Such marketplaces allow users to filter listings to specifically show Binance gift cards currently for sale.
You can often negotiate pricing and terms directly with independent sellers, which provides more customization. However, there is a higher risk of dealing with independent sellers versus established merchants. Make sure to check seller ratings and reviews very closely before purchasing any gift card codes on P2P sites.
And be aware that scam attempts and fraudulent sellers, unfortunately, exist on platforms, so buyers should beware. Use common sense precautions and only trade for digital goods with trusted, highly reputable sellers on peer-to-peer sites. For inexperienced crypto buyers, it’s generally much wiser to stick to mainstream gift card providers to eliminate risks.
Buying Binance Gift Cards – Step-by-Step Walkthrough
Now that you know the best places to buy Binance gift cards, let’s explore the typical purchase process from start to finish.
- Select Gift Card Retailer – First, select your preferred gift card provider such as Electronic First discussed earlier.
- Choose Amount – Decide the dollar value of the Binance gift card you want. Some common amounts are $50, $100, and $250 denominations. You’ll then redeem this credit for crypto coins.
- Buy Card & Receive Code – Complete the online checkout process to buy the Binance gift card securely using your chosen payment method like PayPal or credit card. The claim code will be emailed to you instantly upon purchase completion.
- Verify Card Value – Double-check check the complete string of digits and letters on the gift card properly matches the expected amount paid before proceeding. This ensures no issues redeeming full value.
- Fund Binance Account – Log into Binance and navigate to the “Buy Crypto” section. Select the gift card payment method and carefully enter the claim code from your gift card purchase and amount.
- Start Trading! – The redeemed gift card amount will show in your Binance wallet balance. You can now quickly convert to USDT stablecoin or start trading top cryptos like BTC or ETH!
The entire end-to-end process from buying a Binance gift card to funding your Binance account rarely takes more than 10-15 minutes in total.
Whether you are trying to buy Bitcoin with a Gift card, buy BTC with Google Pay or buy BTC with PayPal, you can follow these steps on Electronic First. They will provide the smoothest experience as you buy your Binance Gift Card.
Tips When Buying Binance Gift Cards
Using a Binance gift card provides a fast and easy way to fund your Binance account to start trading top cryptocurrencies. However, there are some best practices worth following and potential risks to remain vigilant about through the gift card process. Use this comprehensive expert guide to safely navigate purchasing and redeeming your card.
Choose Trusted Gift Card Retailers
Stick to reputable mainstream gift card websites when buying your Binance voucher to minimize risks. Retailers like Electronic First have been securely selling gift cards online for many years. They offer protection if any problems occur with your claim code or amount. Independent peer-to-peer sellers on sites pose higher fraud risk and less recourse.
Compare Rates Across Retailers
Some gift card sellers provide discounts on Binance gift cards ranging from 5-15% below the dollar value that the credit would cost directly on Binance. This amounts to significant savings, especially on larger purchases over $200+. Make sure to compare rates across a few leading gift card providers to find the best prices before buying. Sites like Electronic First tend to have the deepest discounts.
Protect Your Claim Code
Treat the unique claim code on your Binance gift card like real currency. The string of numbers and letters essentially acts as value credit for your account. Make sure to store the original email receipt in a safe, backed-up location in case you ever need a reference. Only redeem the code yourself on your personal Binance account for security reasons.
Create a Separate Binance Account
Using a dedicated Binance account for redeeming and trading with gift card credit provides containment if any issues arise down the road. Make sure to properly secure this separate account as well with all safety precautions like two-factor authentication and a strong unique password. This compartmentalization also helps with organization and accounting.
Verify Full Value Before Redeeming
Upon first receiving your Binance gift card claim code, double-check right away that the full stated value matches the charged amount on your purchase receipt. This provides confirmation the complete string was properly delivered and ready for redemption. Any variances could indicate a problem or fraud attempt from the seller.
Redeem Card ASAP After Buying
For maximum security, you’ll want to register your Binance gift card into your Binance account as soon as possible after buying it. The shorter duration that code sits in your email inbox reduces the already unlikely chances of it being hacked or stolen in transit. Treat your claim code like real cash and deposit it into your Binance wallet quickly.
Mind the Expiration Date
Similar to other gift cards, Binance gift card codes typically expire 6 to 12 months after the original purchase date. Make sure to document this expiration timeframe when you receive the card and calendar a reminder for yourself as the deadline approaches. You want ample opportunity to fully redeem the value well in advance of the expiry date.
Research Independent Seller Reputations
If considering buying from an independent P2P seller, thorough due diligence investigating their reputation and activity on the marketplace is a must. Search for reviews, previous trade history, account longevity and anything indicating trustworthiness. There are some perfectly legitimate sellers but also plenty of fraudsters with the risk you assume dealing directly peer-to-peer.
How to Spot Binance Gift Card Scams
Here are some warning signs that should raise red flags when buying and redeeming Binance gift cards:
- Claim code contains fewer numbers/letters than expected
- Seller urgently pushes off-platform communication
- Price seems dramatically lower than the typical rate
- Broken English language or grammar errors
- Account social signals look fake or inflated
Use common sense precautions when evaluating card legitimacy and seller authenticity. Remember the principles – if something appears too good to be true, it very likely is.
What Cryptocurrencies Can I Buy with a Binance Gift Card?
Binance is popular because of the large number of cryptocurrencies it offers. Along with the help of a Binance gift card, you will be able to get any cryptocurrency available. They include ETH BTC Binance USDT and many more.
For example, let’s assume that you want to buy ETH. Electronic First allows you to buy ETH with PayPal, buy ETH with a credit card, or buy ETH with a debit card. All you have to do is to buy a Binance gift card first. Then you can log into your Binance account and trade that with ETH. By following the same steps, you will be able to purchase any other cryptocurrency that is available out there to trade on Binance.
Final Words
With cryptocurrency going mainstream, Binance has positioned itself as the premier global crypto trading exchange. To help more people access digital coins, Binance now allows account funding directly using gift card credit. By purchasing Binance gift cards from leading online retailers like Electronic First and properly redeeming them for trade balance, both beginners and experienced traders alike can safely buy top coins like Bitcoin and Ethereum in minutes. Just be sure to follow the security guidelines for account management and gift card redemption covered in this ultimate guide. Happy Binance gift card buying and happy trading!