Binance Gift Card, Staking and Buying Crypto with card (Africa)

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Coinmonks

7 min readNov 26, 2022

Binance Gift Card, Staking and Buying crypto with card

Binance being the largest cryptocurrency exchange in the world is well equipped with assets, that ensure users get value while on the platform.

And after the FTX crash, Binance seems to be taking the position of the “last man standing” owing to its liquidity and proof or reserve.

Just a few days ago, Binance released a proof of reserve of BTC with an “Onchain Reserve” of 582,485.9302 BTC at 101% Reserve ratio.

That only should tell you how secure and safe your crypto assets are at Binance.

Hence, it goes without saying that Binance is here to dominate and revolutionize the Centralized exchange space.

If you’re based in Africa, then “Binance Africa” should be on top of your list of crypto exchanges.

But first things first, are you fully exploiting the resources on Binance? Let’s explore Binance Gift Card, Staking and Buying Crypto with Card.

Binance Gift Cards in a nutshell

While you may be a big fan of crypto, in most cases your friends and relatives barely understand or even have any crypto account.

And despite crypto in Africa, rapidly growing, there’s a still a wide population that’s yet to adopt crypto.

And a Binance Gift Card, could be the ultimate tool for you to push crypto adoption in your circle.

I bet many times you wished that the recipient that you intended to send some funds, had a crypto wallet.

With Binance Gift Card, you can get your recipients to easily open a Binance account, in order to access the funds inside.

Add that to the fact that you can add your referral code, and get a kickback when they initiate trades.

You can send Binance Gift Card to your friends via email, Social media and SMS. And they come with various designs to even appeal more to your potential recipients.

Once you send the gift card, the receiver can redeem the gift card and access the crypto on their Binance wallet.

Steps to send Binance Gift Card

Navigate to the Binance Gift Card page via this link>>
Once on the page, I recommend you use the “send gift referral” menu option on the top of the page, so that your recipients can open an account with your referral code.

3. Once on the “send gift referral” page, create the card as the first step.

4. You’ll be redirected to the page to create a card. Make sure to have funds in your funding wallet. You are free to buy any crypto asset. From the left side, you can choose a design that appeals to you.

5. Once you’ve designed your Binance gift card, you can proceed to enter your info like name, email, and message. Remember to enable the referral option.

Steps to redeem your Binance Gift Card

If you just received your Binance Gift Card, the following simple steps will get you up and ready to redeem your Binance Gift Card.

Visit the Binance Giftcards page here>>
Enter the 16-character code as shown below and redeem.

And that’s all you need.

If you’re using the Binance app, you can still repeat the above steps. However, make sure you’re using the latest version of the app to successfully create, send and redeem Binance Gift Card.

How to Stake on Binance

Staking is a definitely a win-win strategy to make sure you’re making the best out of your crypto assets while hoDLing crypto in Binance.

So, What exactly is Staking?

Staking offers crypto holders an opportunity to put their digital assets to work and in return they can earn passive income (interest) on their held assets. This is in an effort to support the operations of a blockchain.

And on Binance, you can easily participate in staking activities via Binance Earn products.

Simply navigate to the Binance Earn page>>To access Binance Flexible Savings, hover on simple earn, and click on the arrow option.

You will be redirected to the Binance Flexible Savings page. With Flexible savings, you can subscribe to a product and redeem at any of your desired time.

In order to subscribe to a product, you’ll just need to select the “subscribe” button.

If for example you want to subscribe to Alpine, as shown above, you’ll need to have Alpine present in your spot wallet.

If you have a stable coin or any other crypto asset in your spot wallet, you can easily convert it to the crypto asset that you’d want to subscribe to.

2. To access, BNB vault, just hover on the “simple earn” option on the Binance earn homepage, and select the second option.

With BNB vault, users can earn rewards on their unused BNB. Once on the BNB vault page, you’ll just need to click on stake, if you have some BNB in your spot wallet.

3. To access, ETH 2.0 staking, on the Binance Earn homepage, select “staking” and on the click the first option, “Eth 2.0” staking.

With Eth 2.0 staking, users can stake Ethereum and get rewarded for supporting Eth 2.0 network upgrade. Once you click on “stake now” you’ll simply initiate the staking process of Eth 2.0.

You’ll need to have at least 0.0001 ETH in your spot wallet.

4. To access Defi staking, on the Binance homepage, select “Staking” and choose “Defi staking”.

With Defi staking users can earn passive income by staking various crypto assets and starting yield farming. However, kindly note it is a high-risk high-reward staking venture. Rewards could go up to 60% APY.

5. To access, liquidity farming, hover on “farming”, on the Binance Earn homepage, and select “Liquidity farming”.

With liquidity farming users can become liquidity providers by adding stable coins and fiat currencies to the liquidity pool. However, the risk level in this is quite high.

6. To access Launch pool, select “farming” on the Binance Earn homepage and choose the third option “Launchpool”.

When users, stake on Launch pool, they can get their hands on the newest tokens coming to Binance as they are released. It has a zero risk level, and a dynamic APY.

You can also access these features on the Binance App under Binance earn products.

Buy Crypto with Card (Binance) | How to buy Crypto in Africa

If you are accustomed to using Binance P2P as a person based in Africa; well, you can also make use of your credit card to purchase some crypto on Binance.

And guess what, it literally takes seconds.