Binance Pay

1 min. readlast update: 09.22.2022

Accept deposits from Binance Pay users, and receive settlements in EUR, USD or USDT. 

Binance Pay is now available via LetKnow Pay. If you are a merchant connected to LetKnow Pay via CRM or an exisitng Cashier (i.e. Praxis Cashier), you may now start accepting deposits from Binance users. 

The advantage is that your users will not have to pay any withdrawal network fees when they deposit to you via their Binance account, which is more cost effective for them. 

Additionally if a user wants to deposit 100 USD via Binance account, they can deposit it with any currency they hold in their Binance Pay account. 

An example below demonstrates how it would work if someone wants to deposit 80 EUR to your trading platform.

Pre-condition: a user goes to your platfrom, initiates EUR 80 deposit request, choses to deposit via Binance Pay, and then scans the QR code (0.06 minute on the video):

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