Binance enhances Red Packet feature with expiration timer
Binance launches Timed Red Packet
Binance, one of the world’s leading cryptocurrency exchanges, has unveiled a new approach to digital gifting with the launch of its Timed Red Packet feature.
This innovation enhances the traditional red envelope concept by adding time-based restrictions, making the process of sending and receiving crypto gifts more exciting and dynamic.
Inspired by the cultural tradition of giving red envelopes during holidays and celebrations, Binance’s Red Packet feature allows users to send cryptocurrency in a simple and gamified format. The new “Timed” version introduces an element of exclusivity, enabling users to set a fixed time window (from 1 to 60 minutes after the first claim) during which the gift can be redeemed.
More control and security
The main advantage of the Timed Red Packet is the ability to set an expiration time, providing users with greater control over how and when the digital gift is accessed. If the timer runs out, the unclaimed packet becomes invalid, preventing misuse or unintended long-term availability.
Binance also emphasizes that the responsibility for sharing the gift link lies with the sender, as anyone with the code can redeem it. Once the time limit expires, the code becomes inactive, enhancing both the security and exclusivity of the digital gift.
How to send a Timed Red Packet
You can create a Timed Red Packet via the Binance website or mobile app. Here's how:
- Log in to your account and go to the "Pay" section.
- Select "Red Packet," click "Create," and choose the "Timed" option.
- Set the time limit, number of recipients, crypto amount, and add a message.
- Confirm the payment using a passkey or two-factor authentication.
- Share the generated code via a link or through social media.
Binance’s new feature not only modernizes the red packet tradition but also aligns with the platform’s global mission to make cryptocurrency more accessible and engaging. With this update, gifting digital assets becomes easier, safer, and more enjoyable for users around the world.
Meanwhile, in the United States, a new controversy is brewing involving the exchange. A group of Democratic senators has raised concerns about potential conflicts of interest between former President Donald Trump and Binance, urging the Department of Justice and the Treasury to investigate the matter.
