Good news — Binance Pay transfers between users are completely free, regardless of token type or amount.
Register on Binance and both parties should download the Binance app.
Why It's Free
Binance Pay is an internal system — transfers don't go through the blockchain, so there are no gas fees. Binance doesn't charge for this service either.
How to Transfer
App > Pay > Send > enter recipient's Pay ID, email, or phone > select token and amount > confirm. Instant delivery.
QR Code Transfer
If in person, the recipient shows their Pay QR code and you scan to transfer. Also free.
Limits
There are daily limits based on your KYC level, but they're generally sufficient for everyday use.
Recipient Must Be a Binance User
Binance Pay only works between Binance users. For non-Binance recipients, use on-chain transfer (which incurs gas fees).
vs. On-Chain Transfer
Binance Pay: Free, instant, Binance users only. On-chain: Gas fees, speed depends on network, works with any wallet address.
Between Binance users, always prefer Binance Pay.