Binance Introduces Recurring Send Features for Pay and Crypto Withdrawals

According to the announcement from Binance, the platform is unveiling two new Recurring Send features aimed at enhancing user experience for Binance Pay and crypto withdrawals. These functionalities are designed to automate regular crypto transfers and withdrawals, offering users greater convenience and control over their financial routines. The Recurring Send feature within Binance Pay allows users to automate regular payments to trusted Binance recipients. This streamlines routines such as subscriptions or allowances by scheduling recurring fund transfers. Users can set up automated scheduled payments to designated recipients at customized intervals, such as daily, weekly, or monthly, eliminating the need for manual payments. The feature offers flexible recipient selection, enabling users to send recurring payments to other Binance users by entering their Binance UID, email, or phone number. Additionally, users receive timely notifications and reminders, ensuring they stay informed about upcoming payments and any transaction failures due to insufficient balance. Users can easily manage and control their active Recurring Send plans, with options to view, modify, or cancel them at any time. For crypto withdrawals, Binance introduces a feature that automates and schedules withdrawals to other Binance users or external on-chain addresses. This simplifies asset management by enabling flexible, recurring transfers at daily, weekly, or monthly intervals, ensuring timely and secure transactions with minimal manual effort. Users can set up automated crypto withdrawals with flexible scheduling options, supporting transfers to both Binance and on-chain addresses. The feature ensures added security by restricting scheduled withdrawals to whitelisted addresses when enabled. It also supports multiple concurrent recurring withdrawal schedules for different assets or recipients, optimizing balance by utilizing alternative assets when the primary token balance is insufficient.