How To Redeem Binance Gift Card in 2024

My cousin recently received a Binance gift card from her boss. However, she didn’t know what exactly to do with it, so she called me. I told her she could redeem her Binance gift card in two different ways, and that she should start by creating a Binance account. 

Binance gift cards offer a simple way to send or receive crypto directly through the Binance platform. Are you here because you have a Binance gift card you want to redeem? Then keep reading. 

This article will walk you through the two ways to redeem your gift card on the Binance app. Let’s get straight into it. 

Two Ways to Redeem Binance Gift Card

If you buy a binance gift card or have received one, you can cash out the value of the gift card or convert it into cryptocurrency. Whichever way you want to go about it, Binance provides easy options for redeeming your card. They are:

1. Redeem to crypto
2. Redeem to fiat

How to Redeem Binance Gift Card to Crypto

To redeem your Binance gift voucher to crypto, follow these steps:

1. Open the Binance app and log in to your account.
2. Tap the profile icon located at the top left of the homepage.
3. Select “Gift Card” from the menu options.
4. Tap the “Redeem” button at the bottom of the screen.
5. Choose “Redeem to Crypto“.
6. Paste your gift card’s redemption code in the provided box.
7. Tap “Confirm,” and the cryptocurrency will be instantly added to the corresponding wallet.

How to Redeem Binance Gift Card to Fiat

To convert your Binance card into fiat currency, follow these steps:

1. Open the Binance app and log in to your account.
2. Tap the profile icon at the top left corner of the homepage.
3. Choose “Gift Card” from the menu.
4. Click on “Redeem” at the bottom of the screen.
5. Select “Redeem to Fiat”.
6. Paste the redemption code and click “Next”.
7. You will be directed to sell the gift card via Binance’s P2P trading feature. You can choose to use express P2P to be instantly paired with a buyer or find a buyer yourself from the pool of buyers. 
8. Once sold, the buyer will transfer the money directly to your bank account.

These two methods make it simple to redeem your Binance gift card for crypto or cash, depending on your needs.

Things to Keep in Mind when Redeeming Binance Gift Card

When redeeming a Binance card, consider the following key points:

1. Validity: Ensure your gift card is still valid by checking its expiration date. You cannot redeem expired gift cards.
2. Redemption code: Enter the redemption code carefully and double-check for accuracy to avoid errors during redemption.
3. Currency: Confirm the currency in which your gift card is issued and redeem it in the correct currency. 
4. Platform restrictions: Verify that the gift card is intended for Binance and can be used on their platform. Some cards may have limitations.
5. Support: If you encounter issues, contact Binance customer support for help with troubleshooting or guidance.

Frequently Asked Questions About Redeeming Binance Gift Card

1. What kind of gift card can I redeem on Binance?

You can redeem cards that are specifically designed for the Binance platform. If you have other types of gift cards, like retail or gaming gift cards, you can’t redeem them directly on Binance. However, you can trade them on gift card trading platforms like Nosh.

2. How do I redeem Binance gift card in Nigeria?

To redeem a Binance gift card in Nigeria, log in to your Binance app, click on the profile icon, and select “Gift Card.” Then, click “Redeem” and enter your code. You can choose to redeem it as crypto, which will be added to your Binance wallet, or as fiat, which can be sold via P2P trading to receive Naira in your bank account.

3. Do Binance gift cards expire?

Yes, Binance gift cards can expire. Always check the expiration date on your card before attempting to redeem it.

4. Are Binance gift cards refundable or exchangeable?

No, Binance gift cards are not refundable or exchangeable once redeemed. Make sure to double-check all details before completing the redemption process.

Conclusion

Redeeming a Binance card is a quick and convenient way to access cryptocurrency or fiat currency through the Binance platform. Just verify that the card is meant for use on Binance, check the card’s validity and enter the redemption code correctly.  Following the steps outlined in this guide ensures a smooth experience.

If you have other types of gift cards that can’t be redeemed on the Binance app, consider trading them on Nosh. Create a Nosh account today to buy and sell your gift cards easily.