At its most basic, a crypto payment is just the transfer of coins from one wallet to another. To do this by hand, you’ll need the public address of the recipient. Then, you copy the address into your wallet and send the money. Even though this sounds easy, the process can be hard and scary for first-timers. Users often make mistakes that can’t be fixed, like sending the wrong type of cryptocurrency to an address or choosing the wrong blockchain network. Since you can’t take back a crypto transaction, they often lead to big losses.
To make the process foolproof, crypto service providers like Binance have made crypto payment methods that are easier to understand. With these gateways, something that used to be hard to do can now be done in just a few seconds.